These three entities now control over 60 percent of Bitcoin hash rate post-halvingBTC $9716 (+0.1%) • ETH $213 (-0.5%) • XRP $0.20 (-0.4%)
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The now-concluded Bitcoin halving marked a significant step in the pioneer cryptocurrency’s evolution, that of reducing block rewards to miners to maintain its premise as a deflationary currency. But critics voiced certain concerns ahead of the event. Some focussed on the effects on BTC prices, while some, more importantly, worried about the eventual centralization of hash power, as smaller players scale down operations and the larger ones thrive.
More news ⏬Ripple partners with Ghana fintech firm Waya to bolster instant payments across Africa
Ghana’s Waya Money has seemingly teamed up with Ripple to bring instant cross-border settlements to millions of Africans in three countries if a recent update on the former’s site is considered. Ethereum saw three bullish fundamental news events last week
Despite the over 100 percent rally from the $88 lows of March’s capitulation, Ethereum remains over 85 percent below the all-time high it set at the exact peak of the last cryptocurrency mania. Cardano (ADA) is caught within a firm uptrend, but sentiment data shows investors don’t seem to have taken notice
Cardano (ADA) has been flashing signs of growing strength throughout the past several days and weeks, with the altcoin rapidly beginning to incur some notable momentum. Bitcoin investors grow overwhelmingly bullish despite the threat of a steep decline
With another halving written into the history books, Bitcoin continues on the spotlight of the cryptocurrency market. An Ethereum DeFi token surged 400% in hours — and an analyst thinks 4chan is behind it
While the price action of Bitcoin, Ethereum, and other top cryptocurrencies are predicated on underlying narratives and technical trends, low-cap altcoins rise and fall for the weirdest reasons. What else?📉 Bitcoin sees declining network health despite price rally towards $10,000 🤬 Beware: this altcoin’s price action could be part of a pump and dump scheme 🤑 Early Ripple investor: “99 percent” of people in crypto just seek financial gains 👨🏻💻 Report: Hackers targeted supercomputers in Europe to mine Monero (XMR) Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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These three entities now control over 60 percent of Bitcoin hash rate post-halving