Bitcoin (BTC) miners are holding more and more Bitcoin while “relentlessly expanding” their operations in 2022. A report by Arcane Research indicates that publicly listed Bitcoin miners are “constantly looking for expansion opportunities,” as they “plan to increase hashrate faster than the whole network in 2022.” 44.95% of the global hash rate derives from North American miners, according to the latest figures from the Cambridge Bitcoin electricity consumption index. With the massive projected increases in target hash rate among the publicly traded Bitcoin miners, it's "likely to increase." Jaran Mellerud, an analyst for Arcane Research, told Cointelegraph that “most publicly …
Olympic bobsledder Johnny Quinn is the latest sporting celebrity to swallow the orange pill. In a Twitter thread, he shared his best of Bitcoin (BTC) education while welcoming the Bitcoin class of 2022. As a Class of 2021 #Bitcoin-er, I would like to unofficially-officially welcome the Class of 2022. Buckle up for a legacy impacting journey. First things first: it is critical that you to develop a proper framework regarding #BTC. Attached is your required reading list. Thread — U.S. Olympian Johnny Quinn (@JohnnyQuinnUSA) February 2, 2022 As well as instructing his fans to digest his reading list, “no excuses. …
Uncle Sam dominates the Bitcoin (BTC) trading arena according to a report published by Arcane Research. Bitcoins’ 90-day correlation to the S&P 500 is currently at its highest since October 2020 while the United States trading hours show the most Bitcoin activity. For 2022, the U.S. trading hours show a marked increase in trading volume, making up 43% of the 24-hour volume on average. Trading volumes have trended up during US market hours since late 2021. The 43% figure is up from 36% from the period from Nov, 1, 2021 to Jan. 16, 2022. In the graph, the U.S. market …
Bitcoin bull and founder of Edelman Financial Engines Ric Edelman has made some promising predictions about the future of the seminal cryptocurrency. In an interview on CNBC program ETF Edge on Jan. 10, Edelman said: “We’re already at a quarter of that number with 24% of Americans owning Bitcoin. It won’t be that much of a stretch for it to get to one-third. Bitcoin is becoming more and more mainstream. People are hearing about it everywhere–it isn’t going away.” While 2022 got off to a rocky start, In his view, governments corporations, foundations, pension funds are investing in BTC: “there …
An American survey conducted by the Boston Retail Partners, suggests that 8% of North American retailers are planning on accepting Bitcoin within 12 months, and 5% within 1 to 3 years. Boston Retail Partners' annual POS/Customer Engagement Benchmarking Survey, polled more than 500 top North American retailers in November and December 2014, to gain insight into their planned initiatives, priorities and future trends. The report indicated that Apple Pay and Paypal, will lead the payment market in 2016, with 30% of the respondents having plans to adopt the former, and 18%, the ladder. Apple Pay is designed to utilize tokenisation …