Blockchain 

Bitcoin Supply Now has 85% in Circulation

As of today, August 1, Bitcoin has 85% of its supply in circulation. This means there are only 3.15 million new coins left to be mined for the next 120 years. Bitcoin is currently trading at $10,044 USD according to CoinMarketCap. Bitcoin Supply Data from monitoring resource Blockchain said that earlier today, Bitcoin miners extracted the “17,850,000th unit as part of the transaction validation process.” Now, because the number of coins awarded per block decreases over time, Cointelegraph says, “the remaining supply will only be unlocked in the year 2140.” Bitcoin’s entire…

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Blockchain 

Blockchain Supply Market to Grow to $9 Billion

Blockchain supply is poised to become a multi-billion dollar market. A study by market research firm Allied Markey Research indicates the size of the market could reach highs of $9 billion by 2025, representing an 80% growth from 2018 levels. Key Growth Drivers Blockchain is the underlying technology that powers an array of decentralized digital assets, key among them being Bitcoin and other cryptocurrencies. Increased usage of the technology to enhance transparency and improved security in supply chains is one of the catalysts fuelling the blockchain supply market. The retail…

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Blockchain 

Bitcoin Mining Equipment Demand is Exceeding Supply

As the world’s largest crypto by market cap hurtles past 11k, the demand for new Bitcoin mining equipment is exceeding supply. Now, manufacturers are feeling the pressure to produce enough machines to meet this demand. Are we revisiting the same issue that occurred at the end of 2017, where demand was three times that of supply? It looks like it. Bitcoin Mining is in Demand Bitcoin price surged past $10,000 USD over the weekend and is already looking comfortable at $11,368 per coin. Though not quite at its all-time high of…

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