Bitcoin is a digital currency that is at the forefront of cryptocurrencies. Despite its rocky ride over the last few years, the buzz around bitcoin is undeniable and at times unstoppable.
If you’ve been in the crypto space for a little while now, you may have heard the term “staking.” You might still have some questions around what it means, how it works, the risks associated with staking, and which cryptocurrencies offer stalking rewards.
This week, Warren Buffet, American business magnate, investor, and current CEO of Berkshire Hathaway, attended the Berkshire Hathaway annual meeting. He talked on a broad range of issues, commenting on inflation, Bitcoin, and much more.
Bitcoin Remains Stagnant – The Repercussions of Geopolitical Tensions, Interest Rate Hikes & Inflation
Wondering what could be causing the stagnation we’re seeing with bitcoin’s price? A mix of inflation, rising interest rates, and war could be playing a role in this. Though interest in crypto assets has dwindled, the market tends to bounce back, and digital assets may again see the same popularity it has benefited from for the past two years, favouring those who ‘hodl.’
The 19 millionth bitcoin was recently mined, meaning that over 90% of all Bitcoin is now in circulation. This has also lead to an increase in mining difficulty. Learn what this means for the Bitcoin network.
Although we try our best to inform our users via our platform, we hope this article helps you understand the importance of reviewing what blockchains the cryptocurrencies you’re sending are on – as sending crypto assets to the wrong blockchain could cause you to lose your crypto assets.