Crest capital consult

  Tuesday at 2:31 PM Add bookmark #1 There is no doubt that bitcoin as come to stay in our society. The disbelievers have come to realise the the advantages bitcoin in the economy , considering the progress it has recorded. Miami used the bitcoin to fight inflation in its economy. The adoption of bitcoin by some states have generated lots of bubbles. Since the odds that the bitcoin will collapse on it self is becoming slimmer, the politicians and the bankers have started to say it out loud that bitcoin is a threat For once, Bitcoin's opponents are actually correct in their analysis of the subject. A threat is exactly what Bitcoin is: a vicious threat to fiat currencies and government coercion everywhere. While the media has chosen to spread this idea as Fear, Uncertainty and Doubt (FUD), Bitcoiners embrace it as the reason for Bitcoin's entire existence: a practical means to separate money from state. The people argue to separate powers in state but when it comes to money, they...

  The "pay me in bitcoin" bill is gaining momentum in the Argentina Congress at the moment. The workers in Argentina are likely to receive their salary in BTC if the bill is passed in the Congress José Luis Ramón, a member of the Argentina Congress presented the bill in the house and this further makes the "pay me in bitcoin" project stronger. The bill stated that the workers will receive all their salaries either in bitcoin or part of their salary in bitcoin “The idea is that they can strengthen their autonomy and conserve the purchasing power of their remuneration.” he states. Considering the hyperinflation in Argentina, the the country is in dire need of bitcoin. The citizens could no longer store their wealth because of inflation . The Argentine peso is inflicted with a serious inflation Ramón went on to state: “This initiative stems from the need to promote greater autonomy and governance of wages, without this implying a loss of rights or exposure to situation...

  The binance CEO responded to the pressure his exchanges is currently facing from financial regulators in some countries Changpeng “CZ” Zhao cited that he is aware of the recent developments and his team are currently on top of the issues surrounding its operations in some countries. He reiterated that, the pressure is part of the company's development stage. CZ said that there are many regulations around the cryptocurrency operations that needs to be complied to. The cryptocurrency space is is growing exponentially and their is need for clearer regulations in different countries In his letter, the CEO reiterated that his exchange possessed requirements for using his platform including stringent insider trading policies where users are unable to actively trade any asset within a 30-day period. Moreover, he pointed that binance has the requirements needed to operate in the cryptocurrency market. “We also recognize that with growth comes more complexity and more responsibility.” sai...

  The hashrate picks and the bitcoin profitability improves. The china crackdown on bitcoin mining causes an historic drop on the hashrate and it does affects the bitcoin severally. The BTC miners are now recovering and they recorded a noticeable profit as the hashrate increases and block time reduces. The bitcoin mining profit jumped by 31% within 5days after it has seen a massive 36% drop in recent times. The mining profitability was 47% at the beginning of the year Meanwhile, the hashrate, or the computational power of the Bitcoin network, had witnessed a 54% drop over a certain period. Overall the hashrate is down 36% this year, 2021. These changes come after the largest mining difficulty drop in the history of the network. It fell nearly 28% five days ago, to 14.36 T, the level not seen since early June 2020. That plunge itself follows China's crackdown on crypto and mining, which has produced a massive impact on Bitcoin miners across the country, including its most crucial pr...

The issue surrounding the energy usage in bitcoin mining continue to gather pace, So many expert on separate note have said different things about bitcoin. Some cited that "bitcoin consumed electrcity more than Argentina," some stated bitcoin when ranked as a country is 30 in the world" in terms of its energy usage . Are these statements true? Different people have said different version of the statements The statements are not true and this cause panic and leave all readers with a wrong impression that if bitcoin is left unregulated it will ruin the planet considering its exponential growth lately. Comparing Bitcoin to countries and ranking them does a great job of making people feel that Bitcoin is not only one of the leading sources of emissions already, but is truly an outsized problem compared to the nearly 200 countries on the planet. Comparing the annual emissions output from Digiconomist, it states "CO2 Emissions data from Our World In Data, we find that Bit...

  El Salvador has made a smart move in the cryptocurrency space. The president said that the free bitcoin that the country is about giving out to her citizens comes in the planned airdrop is for spending and not to be converted to fiat currency via the cryptocurrency ATMs Bukele have been criticised that the creation of the bitcoin in the country goes against the established order. The critics question the president on how he intends to get the money to finance the bitcoin project He answered the critics by citing examples on how the amount the government spent to mint the fiat currency and be said , the government intends to do the same for bitcoin and that it's more cheaper The free $30 worth of bitcoin will be given to Salvadorians who download the country based crypto wallet called Chivo. He planned to distribute the free bitcoin to a minimum of 2.1 million Salvadorians He claimed that the wallet would be “totally” compatible with other wallet providers and would be “completely...