Bitcoin (BTC)

While worries about Bitcoin’s energy use abound, new analysis shows that the network has already consumed more power than it did during the entirety of last year. Bitcoin’s Rising Power Consumption As reported by Bloomberg, “the network reportedly consumed about 67TWh of electricity in 2020, and its total consumption has already surpassed this in 2021”. By the end of the year, the analysts predict that Bitcoin will have used 91 TWh of electricity, rivaling the consumption of...

BTC has been showing near-term signs of strength, especially after reclaiming the 200-moving average on the 4-hour chart and holding $47.2k, a key level of support. What’s notable is that Bitcoin managed to hold support despite global stocks selling off with the dollar rising. Near term, BTC has managed to reclaim the critical 200-day moving average, 21-day, the 21-day exponential moving average, and the 200-moving average on the 4-hour chart. This is quite impressive...

Satoshi Nakamoto – the pseudonym for the yet undiscovered creator(s) of Bitcoin– has had a faceless bronze statue erected in ‘his’ honor in Hungary. Depicting Bitcoin’s Anonymous Creator The sculpture was unveiled in a technology-themed park in Budapest – the capital of Hungary – where also stands a statue of late Apple co-founder Steve Jobs. Fans pose with Satoshi statue. Source: New York PostAs Nakamoto is an anonymous figure, some have compared the difficulty of designing...

After yesterday’s dump below $47,000, bitcoin has resumed its bullish trajectory by adding $2,000 and nearing $49,000. Most alternative coins have stalled, but not Avalanche. AVAX has registered yet another all-time high, this time above $70. Bitcoin Charts an 11-Day High This week began with enhanced volatility following fake reports claiming that Walmart has adopted cryptocurrency payments for its online services. Bitcoin went up by $1,500 before dumping by $3,000 minutes...

The American financier Anthony Scaramucci believes that bitcoin is a monetary standard that could one day become a global reserve currency. He explained the volatile nature of the digital asset with the fact that it is still in its early adoption days. BTC Is Effective as a Monetary Network During an interview with Natalie Brunell, the Founder and Managing Partner of SkyBridge Capital – Anthony Scaramucci – shared his stance on bitcoin’s merits and its future development. The...

Known software firm and institutional bitcoin investing company MicroStrategy has just purchased more than 5,000 additional units of bitcoin for a whopping $242.9 million. At the time of writing, the company – following this recent purchase – owns close to $6 billion in BTC, the world’s leading digital currency by market cap. MicroStrategy Just Keeps Buying Bitcoin In a filing documented earlier this week, it was recorded that MicroStrategy purchased as many as 5,050...

The price of bitcoin has taken a bit of a dip over the past few days. The world’s number one digital asset – which was trading for over $45,000 per unit late last week – is now trading in the high $43,000 range, meaning that the currency has lost a couple thousand dollars in a short period, and it looks like whales are trying to take advantage of the situation. Whales Are Buying Up All They Can Whales are individuals that are classified as “big bitcoin owners,” for lack...

Not everyone is a bitcoin fan, and now it looks like Sveriges Riksbank – the governor of Sweden’s central bank – is adamant that the world’s number one digital currency is about to collapse, and thus holds no place in modern-day finance. Sveriges Riksbank: Bitcoin Isn’t Going to Make It The digital currency space has come quite far in recent years. The primary asset, bitcoin, has attracted some of the world’s largest and most prominent institutional investors, from...

Why do I have to complete a CAPTCHA? Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. What can I do to prevent this in the future? If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. If you are at an office or shared network, you can ask the network...

Ich werde immer wieder gefragt, wie und wo man als Bitcoin-Einsteiger und Anfänger am einfachsten Bitcoin kaufen kann. Meine Antwort darauf lautet: Investiere in Know How und Wissen. Denn Wissen zahlt sich immer aus; irgendwann. Wer dennoch ein paar Franken übrig hat, welche im schlimmsten Fall auch verloren gehen dürfen, der findet in diesem Blogpost 3 Bitcoin-Börsen, die besonders einfach zu bedienen sind und sich daher für Bitcoin-Neulinge bestens eignen: Eines vorweg: Ein Investment in...