Bitcoin | CoinDesk

Bitcoin Miner Profitability Could Double After Record Drop in Network Difficulty

Mining economics have improved significantly, according to one analyst.

By Frances YueJul 6, 2021

China’s announcement preceded choppy price moves around $34,000, which left traders with little sense of direction.

"This probably has more to do with leveraged funds hedging their long positions in GBTC shares using the CME futures,” one trader said.

The boom in the play-to-earn economy comes amid falling yields in the bitcoin and DeFi markets.

By Omkar GodboleJul 6, 2021

Minor support is seen at $33,000, which is near the 100-day moving average on the four-hour chart.

Bitcoin fell from $35,100 to nearly $34,000 after the news started doing the rounds on Twitter.

By Omkar GodboleJul 6, 2021

Though it was looking to offer crypto to wealthier clients in May, the bank is now warning clients to avoid it altogether.

The operation was carried out on intelligence gathered over a three-year investigation into alleged fraud and and embezzlement scams.

Bitcoin.org is being hit with an "absolutely massive" distributed denial of service attack, according to the site's pseudonymous operator.

"PlanB" said the next six months will “make or break'' the stock-to-flow model.

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