Bitcoin paycheck from NFL? Here’s what it takes to happen, says Aaron Rodgers

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Bitcoin paycheck from NFL? Here’s what it takes to happen, says Aaron Rodgers
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A weekly look at the most important moves and news in crypto and what's on the horizon in digital assets.

Hello from Miami! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, currently covering the Bitcoin 2022 conference in Florida. I’ll walk you through what I’ve seen and heard here so far.Crypto in a snap Bitcoin... Hello from Miami! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday.

The four-day Bitcoin 2022 conference kicked off in the city on Wednesday, with more than 35,000 people attending. At the Miami Beach Convention center that takes up a total 1.2 million square feet, people flood into different halls. It feels like another airport, a fellow reporter said. “As bitcoin becomes more mainstream, there’s no way of getting around it,” Rodgers said at a panel. “There’s gonna be a push.”

Entry barriers for miners It is increasingly difficult for new bitcoin miners to enter the market, according to Fred Thiel, chief executive at Marathon Digital Holdings MARA . As bitcoin hashrate, which measures the total computational power securing the blockchain, hit an all-time high in February, miners face fierce competitions.

“It’s not that easy to actually develop infrastructure that works at scale and because all of those create barriers to scale,” Levitt said. Overstock.com Inc. OSTK ’s shares are up 0.4% to $40.80. The shares have declined 7.3% over the five-session period.

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