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More Hashes than Stars in the Sky: Bitcoin (BTC) Hashrate Hits 52 Quintillion

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The hashrate of the Bitcoin (BTC) network has set up a new record a few days ago, by hitting the amazing 52 quintillion hashes per second. As BTC technical support continues to improve and develop, the industry commentators choose to encourage and congratulate Bitcoin on the achievement.

Bitcoin’s new hash record

According to recent data from Blockchain, it would seem that the hashrate of Bitcoin managed to reach as many as 52 quintillion hashes per second. This is the first time in the history of Bitcoin that a crypto has reached such a large number. In fact, the number is so large (52,000,000,000,000,000,000) that it is pretty hard to even imagine it. One Twitter user tried to put it into perspective as he shared this news.

Obviously, this is a huge achievement, and it shows that Bitcoin’s efforts on accelerating and improving the hashrate are not in vain. In fact, the growth of hashrate has even become one of the biggest characteristics of this crypto in 2018. The increase of hashrate only in the last three months has improved significantly, by more than 60%. The last hashrate report came in June, and back then, it was 43 quintillion, so the progress of this aspect of the leading crypto is more than obvious.

How does this affect the sellers?

When hashrate reports came in June, one of the biggest crypto proponents, Max Keiser, who is also a host of Russia Today, stated that he believes that the price is bound to increase due to this technical improvement. According to him, the price will definitely follow the hashrate. It turned out that he was right, and Bitcoin’s price against the US dollar went up by 15% only a few days later.

After the recent price surge due to ETF expectations, Bitcoin once again saw the drop which came as a consequence of the SEC’s decision to postpone the decision making. Because of this, many are wondering whether the new hash report will be enough to start another bull run.

Philippe M. Heilberg, AIG commodity division’s former head of global emerging markets, has started wondering what would the sellers think even if BTC’s price goes up by as little as 10%.

Bitcoin has had a lot of significant ups and downs recently, and many of the increases have been false alarms. Even so, it would seem that the overall faith in Bitcoin being the coin of the future remains strong in many investors and crypto enthusiasts.

Additionally, the ICE, which is a parent company of the New York Stock Exchange, has announced a large BTC-related project recently. The project has got a lot of people excited, especially when ICE announced that it will be collaborating with some major firms like Microsoft and Starbucks.

The project in question is to bring a new crypto platform, Bakkt, which is to go live by November of this year. With all of this going on, a lot of people believe that Bitcoin’s price has already reached its bottom and that it can only go up from here. Obviously, a lot has been going on recently, and it is anyone’s guess what will happen next. If one thing is certain, however, it is that we are still not done with the excitement regarding Bitcoin and that many new developments are waiting in the following months.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Basic Guide on How to Spend Bitcoin and Other Cryptocurrencies

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In recent years, Bitcoin and other cryptocurrencies have entered more into the mainstream. Most people walking down the street have at least heard of Bitcoin. While a lot of people got involved in the buying and selling of cryptocurrencies to try and make a quick buck, most people who are enthusiastic about the world of blockchain are in it for the long haul. 

These are usually the people who are going to be more likely to actually use their Bitcoin and other cryptocurrencies as a payment tool and not just as a storage of wealth or a trading tool. This guide looks at a few different ways in which you can use your Bitcoin in spending capacity. 

Crypto Debit Cards

Perhaps the easiest way for you to spend your cryptocurrency is by linking up your holdings to a debit card. 

These days, many of the leading card providers such as MasterCard and Visa have these types of crypto-linking debit cards. These cards can be used just like you would a normal debit card that is linked to your fiat currency bank account. 

Naturally, the most popular type of crypto debit card is going to be for Bitcoin, but there are other cryptocurrencies catered for also. 

Prepaid Cards

There…

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Hybrid Bitcoin Casinos or Bitcoin-Only Casinos – Which Are Better?

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The rise of cryptocurrencies over recent years has had an impact on several industries. Gambling is one such industry, and many of the best online casinos offer Bitcoin as a payment method

Some of these casinos work exclusively with cryptocurrencies, while some are more traditional gambling sites that simply have integrated crypto on top of their fiat options.

This post will take a look at the advantages of joining a Bitcoin-exclusive casino on the web versus picking a hybrid one.

Advantages of Hybrid Bitcoin Casinos

Let’s start with the hybrid Bitcoin casinos. Usually, those are traditional gambling platforms that have been around for a long period of time. 

They offer classic payment methods such as Visa, PayPal, Skrill, and similar. At some point, they decided to add Bitcoin and potentially other cryptocurrencies to their portfolio. 

If you decide to join an online casino of this type, you will be able to enjoy the following benefits.

Lower Risks

Such online casinos often have a strong reputation and are licensed by respected gambling commissions such as the UK Gambling Commission, the Malta Gaming Authority, and similar regulators.

They are known for protecting the customers and monitoring all actions…

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Is Bex500 an alternative to BitMEX?

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An all around review of Bex500

Bex500 is a young but rapid-growing exchange, less adversarial than BitMEX, but with higher leverage than Binance, Bex500 has enough strings to attract many crypto traders. 

Those dissatisfied with the old exchange, may find Bex500 exchange with a stable system with no manipulation or “overload”, pleasant UX, user-friendly tool kits, and around-clock customer service.

Bex500 says they are making crypto margin trading “easier” and giving you a better return. 

Can they really achieve that? We conduct a comprehensive review as below to see if it is a trustworthy exchange

Question 1. What features does Bex500 have?

Bex500 offers perpetual BTC futures as well as three other cryptos including ETH, XRP and LTC, all paired against USDT. You may find Bex500 doing a good job aggregating most important features traders need for a robust trading experience with better return.

-A fair trade with no overload

Many traders are familiar with “overload” problem, which disables placing orders in peak trading times. It is suspected to be insider manipulations by exchanges which can cost users entire portfolios.

Bex500, with its unmatched TPS (claimed to be over 10,000 orders per second), ensures that the trading…

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