Sesterce Weekly Roundup # 04 (Week 04, 2022)

Written by
Sesterce Team

Sesterce Weekly Roundup # 04 (Week 04, 2022)

Written by
Sesterce Team

Sesterce Weekly Roundup # 04 (Week 04, 2022)

Written by
Sesterce Team

Sesterce Weekly Roundup # 04 (Week 04, 2022)

This week in Crypto history: Twitter Adds Bitcoin Emoji - February 2, 2020

Twitter co-founder and CEO Jack Dorsey tweeted the newly added Bitcoin (BTC) emoji. Dorsey’s tweet showed that, now, whenever a Twitter user writes the Bitcoin or BTC hashtag, an image showing its symbol appears next to it.

Chinese new year which a long holiday festive season in China is significant event for the Crypto mining industry worldwide. During this time the manufacturing, supply, sale of miners comes to halt for the annual celebration.

This Week in the Markets: 

As mentioned last week we were expecting a bounce after the huge liquidations and a wick in our capitulation box. Bitcoin is now more calm and steady. We believe it found an accumulation zone for the time being. It is now very akin to stock market movements as we entered a risk off/ skeptical environment.

Max Price : $43,308

Min Price: $39,036

Read the Sesterce Capital's in detail technical analysis on our Twitter:

Mining this week: 

Current Network Difficulty: 26.64T 

Bitcoin Next Difficulty Estimate: 26.47 T↓ 0.66%. The Bitcoin mining network is currently running 0.07 minutes slower than expected.
Next difficulty adjustment on Friday 04 Feb 2022

Hash rate previous week:

Max:222.4417 EH/s

Min: 159.8927 EH/s 

News and updates:

Crypto is now Legal in India.

The Indian government plans to impose a 30% tax on crypto income while announcing the launch of its own Central bank digital currency (CBDC).

MicroStrategy Acquires Additional 660 Bitcoins

MicroStrategy has purchased an additional 660 bitcoins for ~$25.0 million in cash at an average price of ~$37,865 per bitcoin. As of 1/31/22 MicroStrategy hodl ~125,051 bitcoins acquired for ~$3.78 billion at an average price of ~$30,200 per bitcoin.

Sesterce Blog:

Does the downsizing of transistors  increase chips performance ?

Today the Bitcoin is mined with specific electronic devices dedicated only for this task, called ASIC. To have better performances and to have more chances in finding a block, ASICs have become inescapable, whereas processors (CPU), graphic processor units (GPU) and even ASICs which are not of the last generation are unusable.  The question we would like to respond is, does the downsizing of transistors increase chips performance ?

Read the full blog here

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