Category: Bitcoin Miners

Bitcoin Whales Dominate BTC Price Movement and Ownership Even Today

Bitcoin (BTC) journey over the last month has been absolutely phenomenal as the world’s largest cryptocurrency trades close to $18,000. Surging over 60%, BTC has caught the attention of retail investors and institutions alike. While big financial institutions and billionaire investors have joined the Bitcoin mania in recent times, the fact remains BTC whales still […]

Continue Reading

Weekly Per Hour Bitcoin (BTC) Purchase Jumps 50%, Net Buyers Dominate Miner Selling

Bitcoin (BTC) price hits its new 2020-high as it inches closer to the $17,000 mark. At press time, Bitcoin (BTC) is trading at $16,615 with a market cap of $310 billion. Over the last month, the BTC price has appreciated over 50% as the net buyers on exchanges have overwhelmed the miner selling during this […]

Continue Reading

Bitcoin Transaction Fees Spike 350% in a Month, as ETH Fees Decline

Bitcoin Transaction Fees Spike 350% in a Month, as ETH Fees Decline

Bitcoin transaction fees are on the rise again. Fees shot up more than 350% during the last thirty days to Oct. 22. The most significant increase occurred in the last week, as the price of bitcoin soared on growing institutional interest. According to data by Bitinfocharts, it cost an average of $5.75 to send a […]

Continue Reading

Bitcoin Miner Maker Ebang Narrows First Half Loss To $7 Million, as Covid-19 Hit Demand

Bitcoin Miner Maker Ebang Narrows First Half Loss To $7 Million, as Covid-19 Hit Demand

Ebang International Holdings Inc., the Chinese maker of bitcoin mining hardware, reported a net loss of $6.96 million during the first six months of this year, down from $19.07 million a year ago, as demand fell due to the coronavirus pandemic.Revenue plunged 51% to $11.04 million from $22.35 million previously, said the company in an […]

Continue Reading