Keep up with the latest in cryptocurrency news with our blog. We’ll cover all the new developments and news you need to know about what’s going on in the world of digital currency.
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In the world of cryptocurrency, information is power. In order to make informed decisions about which coins to buy, sell, and hold, you need to have access to the latest news about the market. Below, we’ve compiled a list of some of the most important crypto news sites that will help you stay up-to-date on all the latest happenings in the world of digital currency.
CoinDesk – CoinDesk is one of the leading news sites in the crypto space. In addition to providing breaking news stories, they also offer in-depth analysis and commentary from industry experts. They also have a helpful “ learn ” section on their site that is perfect for those who are new to the world of cryptocurrency.
CryptoCoins News – CryptoCoins News is another great option for those looking for breaking news in the world of digital currency. In addition to offering the latest news stories, they also provide detailed analysis and commentary on a variety of different coins.
Bitcoin Magazine – Bitcoin Magazine is one of the oldest and most respected publications in the crypto space. They offer breaking news stories, as well as insightful articles about the history and future of Bitcoin and other digital currencies.
CCN – CCN offers breaking news, analysis, and price information about Bitcoin, Ethereum, and a variety of other altcoins. They are a great resource for those who want to stay up-to-date on all the latest happenings in the world of cryptocurrency.
Coin Telegraph – Coin Telegraph is another excellent source for breaking news in the cryptocurrency space. In addition to offering news stories, they also have a variety of different resources that can be helpful for those who are new to investing in digital currency.
Bitcoin is on the rise again, with a new surge in value and interest. This comes after a long period of stagnation and decline, and it’s good news for anyone who invested in Bitcoin early on. However, there are a few things you should know before investing in Bitcoin again. This article will cover some of the most important news in the world of Bitcoin.
Bitcoin’s Price Fluctuations
Bitcoin’s price is often compared to gold because both assets are scarce and have a similar use case as a safe haven asset. The main difference between the two assets is that gold is a physical asset that can be used in jewelry and other industries, while Bitcoin is a digital asset that can be used as a store of value or a medium of exchange.
Bitcoin’s price has been fairly volatile since it was created in 2009. The reason for this volatility is because the cryptocurrency market is still relatively young and immature. When compared to other asset classes, such as stocks, bonds and real estate, cryptocurrencies are much more volatile.
The volatility of an asset is measured by its standard deviation. Standard deviation is a statistical measure that shows how much an asset’s price fluctuates from its average price. The higher the standard deviation, the more volatile the asset.
Bitcoin’s standard deviation over the past five years is approximately four times higher than that of gold. This means that Bitcoin’s price fluctuates four times more than gold does on average over the same period of time.
One reason why Bitcoin is more volatile than gold is because it has a smaller market capitalization. Market capitalization is the total value of all the assets in circulation. As of November 2020, Bitcoin’s market capitalization was approximately $200 billion, while gold’s market capitalization was approximately $9 trillion. This means that even small changes in demand can have a big impact on Bitcoin’s price..
Bitcoin’s Energy Consumption
Bitcoin’s energy consumption has been a hot topic of debate since the cryptocurrency surged to nearly $20,000 in late 2017. At the time, some estimated that Bitcoin was using more electricity than the entire country of Ireland.
While it’s true that Bitcoin uses a lot of energy, it’s important to put things into perspective. Yes, Bitcoin uses a lot of energy, but so do many other things.
A report from Digiconomist estimates that Bitcoin uses about as much energy as the entire country of Hungary. That might sound like a lot, but it’s important to remember that Hungary is a pretty big country with a population of 10 million people.
Furthermore, the report estimates that Bitcoin’s energy consumption is only 0.14% of the world’s total electricity consumption. That means that even if everyone in the world started using Bitcoin tomorrow, its energy usage would only go up by 0.14%.
So while Bitcoin’s energy consumption is something to keep an eye on, it’s not something to be too concerned about at this point.
You may have seen Ethereum in the news recently as it hits new all-time highs. If you’re not familiar with Ethereum, it is a decentralized platform that runs smart contracts. These contracts can be used to run decentralized applications (dapps). Ethereum is one of the most popular cryptocurrencies, and it has a lot of potential. In this article, we will cover some Ethereum news that you need to know.
Ethereum’s Price Fluctuations
In the past week, Ethereum’s price has been highly volatile, swinging between $200 and $300. On Monday, Ethereum’s price dipped below $200 for the first time in over a year. However, it has since recovered and is currently trading above $230.
The reason for Ethereum’s price fluctuations are not entirely clear. However, it is worth noting that Ethereum’s price is closely correlated with the price of Bitcoin. When Bitcoin’s price goes up, Ethereum’s price typically follows suit. However, when Bitcoin’s price drops, Ethereum’s price often drops even more sharply.
It is also worth noting that the cryptocurrency market as a whole has been highly volatile in the past week. This is likely due to a combination of factors, including concerns about regulations and the ongoing coronavirus pandemic.
Ethereum’s Energy Consumption
In recent months, Ethereum’s energy consumption has come under scrutiny. Some estimates put its annual energy consumption at around 26 TWh, which is more than the entire country of Chile. Ethereum’s energy consumption is largely due to the fact that its proof-of-work consensus algorithm is very resource-intensive.
Ethereum’s developers are working on a number of initiatives to reduce its energy consumption, including a move to a proof-of-stake consensus algorithm. However, these initiatives are not expected to be completed for several years. In the meantime, Ethereum’s energy consumption is likely to continue to be a controversial issue.
Litecoin was one of the first popular altcoins and is often credited with being the silver to Bitcoin’s gold. It has a similar structure to Bitcoin but with a few different technical aspects. For one, Litecoin is mined using a different proof-of-work algorithm. This allows for faster transaction speeds. Another difference is that Litecoin has a higher maximum number of coins that can be mined. 84 million coins can be mined in total, compared to 21 million for Bitcoin.
Litecoin’s Price Fluctuations
Litecoin’s price is notoriously volatile. In December of 2018, Litecoin’s price was $23.50. Just one month later, in January of 2019, Litecoin’s price had shot up to $32.01. By February, Litecoin’s price had dipped back down to $22.50. In March, Litecoin’s price rose again to $60.54. And as of April 2019, Litecoin’s price is $62.01.
Litecoin’s Energy Consumption
Litecoin’s energy consumption has long been a point of contention among crypto-enthusiasts. Some argue that the coin’s proof-of-work (PoW) algorithm is unnecessarily energy intensive, while others believe that its relatively low price makes it a more sustainable option than Bitcoin.
In any case, it’s worth noting that Litecoin’s energy consumption is far from finalized. As the coin’s price increases and more miners join the network, its energy consumption is likely to increase as well.
In conclusion, These are some of the latest crypto news you need to know!