Bitcoin (BTC)

The Biden administration plans to submit a $6 trillion spending budget proposal later this week. Right after the news broke out, bitcoin’s price increased to above $40k but failed to sustain it as of writing these lines.  According to a report from The New York Times, this budget is part of Biden’s two-part federal agenda and will be spent in the 2022 fiscal year. The total spending could rise to US$ 8,2 trillion. Bitcoin broke $40,000 shortly after the announcement but has...

Charles Hoskinson – the founder of the blockchain platform Cardano – revealed his three reasons why Ethereum falls behind his project. Additionally, he scratched the topic of BTC’s energy consumption. Why Cardano Is Superior to Ethereum? In a recent Yahoo Finance interview, Cardano’s founder Charles Hoskinson criticized Ethereum’s network by calling it overrated and outlining a lack of vital qualities. First, Ethereum can only process smart contracts while the rival Cardano...

Nachdem Teslas Rückzug vom Bitcoin die Gründung eines Mining Councils hervorbrachte, stellt sich natürlich die Frage, was dieses Council überhaupt erreichen will. Auf Twitter meldeten sich die ersten Mitglieder, um Details preiszugeben. Bitcoin News: Bitcoin Mining Council stellt erste Details vorPeter Wall von Argo ist eines der Mitglieder. Er schrieb, dass vor allem „Transparenz“ und „Mining mit erneuerbaren Energien“ die wichtigsten Ziele des Councils sind:Well said, Amanda.This is about...

Bitcoin is now up 25% from Sunday’s low of $31,100 as it is attempting to reach the $40K resistance level once again. Quick recap: following last Wednesday’s liquidation drop to $30K, the primary cryptocurrency recovered to $42K, just to plunge once again to $31,100 on Sunday, but again – it quickly managed to recover. At the end of Sunday, it closed above $34,760 (downside 1.414 Fib Extension). Since then, BTC managed to break above a descending price channel, as shown on...

The substantial growth of the cryptocurrency sector in the past year has caught the eye of central bankers. The latest to opine on the matter and, somewhat expectedly, to dismiss the industry’s chances of actually disrupting the centuries-old financial space was the governor of Denmark’s central bank. Crypto Is Speculative Fad During a recent interview with Bloomberg, Lars Rohde, the governor of Danmarks Nationalbank, took a few stabs at the cryptocurrency sector. Despite...

EOS declined heavily below $10.00 and $8.00 support levels against the US Dollar. The price is currently trading near the $6.50 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $6.50 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair must break $6.50 and $7.00 to start a strong increase in the near term. EOS price is correcting losses from $4.00 against the US Dollar, similar to...

Litecoin price remains in a bearish zone below $220 and $200 against the US Dollar. LTC price is now trading below the $200 level and the 55 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $210 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to accelerate lower as long as it is below $200 and $220. Litecoin price is struggling to clear the $200 barrier against the US Dollar,...

S’exprimant hier lors de la conférence Consensus 2021 de CoinDesk, Jose Fernandez da Ponte a annoncé – sans donner de date – que PayPal envisage de permettre à ses clients de retirer leurs bitcoins vers leurs propres adresses. « Nous étudions comment nous pourrions permettre aux gens de transférer leurs cryptos d’un wallet PayPal vers des adresses externes de façon optimale tant sur le plan...

Tom Lee – a Wall Street analyst of Fundstrat fame – has announced that bitcoin could potentially reach a price of approximately $100,000 by the end of the year. Tom Lee Predicts $100,000 for BTC By End of 2021 Lee has consistently been there to push bitcoin. He has been one of the world’s biggest bulls since day one, and he has always suggested largescale prices for bitcoin in the long run, but as usual, his discussions should always be taken with a grain of salt –...

Not long ago, it was reported that Elon Musk was starting to ask bitcoin miners where they got their energy from as a means of better understanding who was using clean energy to extract coins and who was not. Elon Musk Isn’t Putting His Mining Fears to Rest Now, it appears Musk has initiated the first collection of conversations with these miners, and he is happy about the information he has received. This has ultimately sent bullish waves through the crypto space and...