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Showing posts with the label bitcoin network

What role will Bitcoin play in the aftermath of a nuclear war?

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Author: Carol (@CC99Carol) Editor: Colin Wu Abstract: With the Russian-Ukrainian war going on, the possibility that nuclear bombs will be used in war again in human history has sparked much speculation, and there is even the possibility of triggering a global nuclear war and entering a nuclear winter. Whether Bitcoin can survive a nuclear war seems to have been a question since its birth. Foreword Recently, the topic of whether Bitcoin can survive a nuclear war has been hotly discussed. The trigger for this hot discussion is roughly the outbreak of the Russia-Ukraine conflict and the gradually protracted Russia-Ukraine war. Politics and economics are inseparable, especially in today's era of globalization, and this has led to concerns and thoughts about virtual currencies. Bitcoin is naturally the first to be thought of as a generational purpose. Currently, there are arguments for the survival and destruction of Bitcoin, each with their own reasons. The survivor side is mostly rep...

Binance Announces $500 Million Funding for Bitcoin Mining

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Source: AdobeStock / Iryna Budanova Binance Pool, the crypto mining services arm of cryptocurrency exchange Binance, aims to support Bitcoin miners to weather the crypto winter with a $500 million loan.  The ongoing bear market has had deep impacts on almost all industry participants, particularly miners. Amid rising fuel and electricity prices and the crypto market downturn, this cohort has been hit the most, with many miners proceeding to shut down their machines as profitability becomes negligible.  In a bid to help miners and in turn, help the broader crypto market from further damage, Binance Pool, one of the world’s largest crypto mining pools, has decided to offer a $500 million loan to support Bitcoin miners, the company said in a Friday blog post.   "Binance Pool has a responsibility to help maintain a healthy digital asset ecosystem," the post read. "In light of current market conditions, Binance Pool is launching a $500mill...