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Bitcoin fans are psychopaths who don’t care about anyone, study showsThe average Bitcoin investor is a calculating psych...
04/12/2022

Bitcoin fans are psychopaths who don’t care about anyone, study shows

The average Bitcoin investor is a calculating psychopath with an inflated ego, according to scientists.

A team of experts recently surveyed more than 500 people to uncover the personality traits that are most common among crypto nuts.

They identified that many investors exhibit signs of the “dark tetrad”, a group of four unsavory traits made up of narcissism, Machiavellianism, psychopathy and sa**sm.

In plain English, that means dark tetrads have an inflated sense of self-importance and derive pleasure from the pain of others.

They also find it difficult to empathize with others and are sly and manipulative.

Scientists at Queensland University of Technology described their findings in research published in the journal Personality and Individual Differences earlier this month.

They asked 566 people to complete personality surveys as well as answers questions about their attitudes to crypto.

Of the participants, one in four reported that they owned crypto and two-thirds showed an interest in crypto investing.

04/08/2022

Blockstream, Block, and Tesla team up on renewable Bitcoin mining facility

Block (formerly Square) and the Bitcoin infrastructure company Blockstream are teaming up with Tesla ($TSLA) to help construct a Bitcoin mining facility that’s being designed to prove BTC can help finance zero-emission power infrastructure.

The facility will run off solar panels and battery chargers supplied by the electric vehicle maker, Blockstream Founder and CEO Adam Back announced Friday on stage at a Bitcoin conference in Miami. Blockstream previously announced the project with Block last year.

Once completed, the $12 million project will create 3.8 megawatts of renewable power and display a publicly available performance dashboard, according to the release shared with Yahoo Finance.

Bitcoin Cash: What's the difference with Bitcoin?Bitcoin Cash is the result of a Bitcoin hard fork that occurred in Augu...
03/04/2022

Bitcoin Cash: What's the difference with Bitcoin?

Bitcoin Cash is the result of a Bitcoin hard fork that occurred in August 2017

Bitcoin Cash is a cryptocurrency created on August 27, 2017, from Bitcoin's fork. It increased the size of blocks allowing more processed transactions improving scalability.

The cryptocurrency split into Bitcoin Cash ABC and Bitcoin Cash SV after undergoing another fork in November 2018.

Ukraine Tweeted Its Crypto Wallet, And Got $4 Million In Donations To Help Fight RussiaA source who confirmed the govern...
02/27/2022

Ukraine Tweeted Its Crypto Wallet, And Got $4 Million In Donations To Help Fight Russia

A source who confirmed the government’s fundraiser believed the funds would go to “exterminate as many Russian occupants as possible.”

On Saturday, just days after Russia invaded Ukraine, the country’s official Twitter account tweeted out a call for donations through bitcoin, ethereum, and the stablecoin tether.

The vice prime minister of Ukraine, Mykhailo Fedorov, confirmed on his Twitter account that the call for donations was real, and asked people to “Stand with Ukraine.”

As of publication, these wallets have received over $4 million in cryptocurrency.

Cryptocurrency Bitcoin Price: Why is Bitcoin going down?There has recently been a bit of uncertainty in the cryptocurren...
02/22/2022

Cryptocurrency Bitcoin Price: Why is Bitcoin going down?

There has recently been a bit of uncertainty in the cryptocurrency world, which includes the well-known Bitcoin, as the United States government is looking at measures to implement to address any economic, regulatory and national security challenges.

Unaware of what aspects could be implemented, this has led to some traders opting to sell their Bitcoin, with the price having dropped from more than $68,000 to just above $37,000.

Why is Bitcoin going down?
Part of the reason behind this sharp decline in the value of Bitcoin is down to policy changes from the US Federal Reserve, as its chair, Jerome Powell, declared last December that the monthly rate at which it reduces asset purchases would be doubled by the Federal Open Market Committee (FOMC).

The measures brought forward by the Federal Reserve to try and control inflation have resulted in Bitcoin being negatively impacted, as the value of supposedly risky assets, such as Bitcoin, has declined somewhat after the fiscally conversative changes.

What's more, as Bitcoin becomes more widely adopted and is viewed as a more reliable option, it will become stronger but the value of it will go down. At the moment, the price goes up and down in a manner similar to stocks.

What should Bitcoin investors do?
The recent market changes should not lead Bitcoin investors to panic, although it's worth understanding the reason behind the price movements.

Aside from the rumors and government policy changes, the price of Bitcoin and other digital assets will begin to be more in correlation with the prices we see with traditional assets.

Any Bitcoin investors who are worried about the cryptocurrency's price are able to benefit from monitoring developments related to both Bitcoin and the broader financial market.

BTC Liquidity Tightens as Bitcoin Held by Exchanges Hits 6-Month LowWhile the price of bitcoin is 38% lower than its $69...
02/15/2022

BTC Liquidity Tightens as Bitcoin Held by Exchanges Hits 6-Month Low

While the price of bitcoin is 38% lower than its $69K price high three months ago, the amount of bitcoin on exchanges is at its lowest figure since April 2021. At the end of July last year, there was 2.59 million bitcoin held by crypto trading platforms, and today there’s only 2.36 million held by exchanges, which means there’s 8.8% fewer bitcoin on exchanges than six months ago.

Bitcoin Exchange Reserves Drop 8% Lower Than the Bitcoin Held on Exchanges 6 Months Ago
According to current statistics, there’s 2.363 million bitcoin, or $100 billion worth, of the leading crypto asset held on exchanges. The current value of the bitcoin (BTC) held by centralized exchanges equates to 12.36% of BTC’s overall $809 billion market capitalization.

While 2.363 million is a significant fraction, it’s 8.88% less than the number of bitcoins held on exchanges on July 25, 2021. Too many crypto market participants, and the fact that there’s less BTC on exchanges means less selling pressure going forward.

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