As the price of Bitcoin rose, so did the number of people who bought cryptocurrency mining equipment in hopes of "striking it rich." With all these miners running their equipment night and day, the total electrical usage of cryptocurrency mining operations has grown at a staggering rate. Even…
45 posts tagged
Bitcoin
Bitcoin and Pizza: A Story of Wealth Creation
Do you know what two pizzas from Papa Johns, purchased with Bitcoin several years ago, would be worth today? How about $73,350,000? That's what the 10,000 Bitcoin Laszlo Hanyecz spent on two pizzas in 2010 are currently worth. Hanyecz became Internet famous as the first person to…
Some Reasons for the Projected Bitcoin Price Spike
Tom Lee, the Co-founder and Fundstrat strategist predicts that Bitcoin's (BTC) value will eventually reach $25,000. There are three reasons why he believes the price could exceed the highest seen in 2017. BTC prices dropped below the $8,000 mark on Wednesday, being traded for around $7,500 per…
Tradelize's market platform makes a splash on the cryptocurrency scene
Cryptocurrency trading has attracted many individuals who are new to exchanging securities. Tradelize is a new software platform and cryptocurrency ecosystem that looks to help beginners make successful trades. The ecosystem is currently in beta as its developers prepare for a complete launch of the Tradelize website and an initial…
A Tale of Two Bitcoins: Bitcoin Files Lawsuit Against Bitcoin Cash
Supporters of the Bitcoin (BTC) cryptocurrency are accusing a popular website of misleading buyers in an effort to drive sales of Bitcoin Cash (BCH). A lawsuit has been threatened against Bitcoin.com by individuals who feel the website is purposely misusing ticker symbols and graphics to drive up sales of…
Has Ethereum Become the Leading Cryptocurrency?
Market analysts have recently expressed optimism regarding several cryptocurrencies, with Ethereum receiving special attention. Consultants at deVere Group have reportedly issued strong price guidance for that currency, saying Ethereum could reach $2,500 by year’s end. Ethereum is the world’s second-largest cryptocurrency. During an interview with MarketWatch, deVere’…