Bitcoin (BTC)

Here is a story that is likely to get your positivity flowing. As we all know, bitcoin has been suffering heavily as of late. The world’s number one digital currency by market cap has fallen from its recent all-time high of approximately $64,000 – which it attained in mid-April – down to about $38,000 at press time. The price of bitcoin has fallen harder than it ever has in the past 12 years, but according to many analysts, the asset is still on its way to reaching a...

Cryptocurrency, an alternate digital currency offers users the opportunity to trade goods and services internationally with no international transaction fees. Cryptocurrency is the backbone of online gambling, which has flourished due to its anonymity; when compared to fiat money such as regular currency (dollars, euros, pounds), cryptocurrencies can easily be transferred without a trace. Gamblers love anonymity and the last thing they want on their monthly bank...

One of the big rumors surrounding both the stock market and the bitcoin space is that they are correlated. That they follow each other and wherever one goes, the other is likely to follow suit. A new study has emerged claiming that this is not a rumor, but rather the truth. Bitcoin and Stocks Are Closely Tied The study was performed by analysts with DBS, a Singapore-based bank. The individuals in charge of the study were Taimur Baig – an economist – and Chang Wei Liang,...

As a new investor, it can be quite challenging to know what exactly is going on in the frantic crypto market. At times, the cryptocurrency market seems like a living and breathing entity, with prices following both facts and hype. But no matter if you are new in the market that wants to buy bitcoin with credit card or a seasoned veteran that trades daily, there are some crypto influencers that everyone should be following. Sometimes, a single tweet from these crypto...

U.S. chain of convenience stores Sheetz, has become the latest company to adopt cryptocurrency, as the firm is planning to include bitcoin and other crypto-assets among its payment options. Sheetz Adopts Bitcoin According to a press release on Thursday (May 27, 2021), Sheetz will become the first convenience store retailer to accept bitcoin as a payment method. The family-owned business founded in 1952 operates over 600 stores in different locations in the U.S. The latest...

Bitcoin, and the entire cryptocurrency market, saw yet another choppy week where prices failed to recover substantially and continued to struggle. The past seven days didn’t exactly go according to the intentions of bulls as the price of BTC is down about 9%, currently trading around $37,000. It all started last Friday when the price dropped from above $40,000 down to about $35k. In a sequence of choppy actions, the price attempted to take back the important psychological and...

Although the organization he runs is significantly more opened to the cryptocurrency world these days, JPMorgan’s CEO, Jamie Dimon, advised people to stay away from digital assets. Nevertheless, he admitted that institutional clients of the bank have shown a high demand for such products in recent months. Stay Away From Crypto, Says Dimon The Chairman and Chief Executive Officer of JPMorgan Chase and Co has a somewhat controversial history with bitcoin and the rest of the...

If there is a distinction to be made with respect to individual opinions and how a business should be developed, then it will be the case between JPMorgan Chase and Jamie Dimon.In his congressional testimony to the United States House Financial Services Committee, Jamie Dimon, the Chief Executive Officer of JPMorgan Chase & Co (NYSE: JPM), cautioned investors from Bitcoin (BTC) and digital currencies as a whole. According to a report by Yahoo Finance, Dimon revealed that his personal...

It is essentially clear that the mining of Chia coin comes with its own challenges, even though it takes less energy compared to Bitcoin as it is based on the Proof-of-Stake (PoS) model.Chia Coin, the sensational blockchain protocol touted as a greener alternative to the energy-intensive Bitcoin (BTC) has seen the price of its token, the XCH drop in tandem with the ongoing market correction. The coin opened up for trading on the Huobi Global crypto exchange earlier in the month with its price...

As the debate for cryptocurrency’s energy use catches fire, Ethereum’s transition to the Proof-of-stake (PoS) consensus model is likely to reduce its carbon footprint to a great extent.On Thursday, May 27, Ethereum co-founder Vitalik Buterin spoke on the ongoing debate of carbon emission contributions through crypto mining. The debate has caught fire once again with Tesla recently pulling out of Bitcoin payments. The Bitcoin and Ethereum blockchain both use the Proof-of-Work (PoW) that...