Bitcoinist Weekly News Re-Hash: Bitcoin Price Falls, Blunders, and More

Bitcoinist Weekly News Re-Hash: Bitcoin Price Falls, Blunders, and More

For the last few weeks, the Bitcoin price has been on a high following bad financial news from Greece and China. Greece once again found itself staring down the barrel of a debt crisis, while China found itself in the clutches of a stock market collapse. The Bitcoin community met these ominous occurrences with optimism; the next global recession will surely give Bitcoin an opportunity to shine. The possibility of a global recession, combined with the hopes of a mass migration to Bitcoin, sent the Bitcoin price upwards until it hit resistance at $300 last week. Since then, the price has....

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Bitcoin Hash Rate Jumps To Sky As BTC Falls Below $25k

Hash rate plays a vital role in every Proof-of-Work (PoW) blockchain. It measures the computational drive for all transaction verification and block additions to the network. Hence, the Bitcoin hash rate represents the number of people involved in BTC mining. As the number of miners increases, the hash rate will also increase. This results in maintaining the security and stability of the Bitcoin ecosystem. Many investors will consider hash rates before engaging in any project. Before now, the BTC price and hash rate have maintained a direct proportionality relation. This is because there.... Buys Bitcoin App ZeroBlock

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