Bitcoin (BTC)

Bitcoin After another volatile week, Bitcoin is currently down 2% on the weekly. BTC rebounded from $33K on Monday and pushed higher to meet the upper angle of a symmetrical triangle pattern, as seen on the charts below. Unfortunately, BTC could not break out and quickly rolled over from there into $33,520 support on Tuesday. After another failed retest of the upper angle on Wednesday (at $35K), BTC heavily rejected and broke to the downside. Since the breakdown of the...

As mining difficulty increases in proportion to how many miners there are on the network, mining has become an increasingly exclusive club.The cryptocurrency industry is impossible to define. As soon as you think you can pin it down, it will surprise you. Perhaps more than any other major industry today, cryptocurrency is an industry of non-stop change. Nothing is ever settled, there is nothing written in stone. Platforms and projects that were on top of the world yesterday find themselves at...

Le responsable produit de Square [1]a confirmé hier que sa société était en train de constituer une équipe dédiée à la création d’un nouveau « Bitcoin hardware wallet » (portefeuille matériel). Evoquant ce projet au début du mois de juin, Jack Dorsey, CEO de Twitter et de Square, avait tracé les grandes lignes du projet : un produit entièrement open source, qu’il s’agisse du matériel ou de la...

In a recent tweet by the Tesla CEO, he is again seen extending support to Dogecoin over Bitcoin and Ethereum.Business magnate and entrepreneur Elon Musk has again extended his support to Dogecoin (DOGE) over Bitcoin and Ethereum. In a recent tweet by the Tesla billionaire, he is seen reinforcing the scalability of the meme-based currency to take over the world.The tweet was meant to be a reply to Youtuber Matt Wallace’s Twitter post on the upcoming Dogecoin update. BTC & ETH are pursuing...

AEC is not the first firm to repurpose a landmark of modern industry to generate cryptocurrency.Mechanicville, New York’s hydroelectric plant, has now been repurposed for Bitcoin mining. The plant owned by Albany Engineering Corp (AEC) is touted to be the oldest renewable energy facility in the United States.Built in 1897, the hydro-plant has suffered serious setbacks. In 1986, the National Grid brought in AEC to help revamp the plant. The deal would see them buy back energy from AEC at a...

The American electronics engineer and philanthropist – Steve Wozniak – highlighted Bitcoin as a mathematical phenomenon. He went even further, saying the primary cryptocurrency is better than gold. Steve Wozniak Amazed by Bitcoin The co-founder of the multinational tech giant Apple – Stephen Wozniak – showed his sympathy towards digital assets and particularly bitcoin in a recent presentation at the Talent Land Jalisco, Mexico. The engineer, also known by his nickname “Woz,”...

Die Deutsche Börse erwirbt eine Mehrheitsbeteiligung an der Crypto Finance AG, die institutionellen und professionellen Kunden den Handel, die Verwahrung und die Anlage in digitale Assets anbietet. Die Finanzgruppe steht unter der konsolidierten Aufsicht der schweizerischen Finanzmarktaufsicht (FINMA). Durch die Übernahme schafft die Deutsche Börse einen direkten Einstiegspunkt für Investitionen im Bereich digitaler Assets, einschliesslich Nachhandelsdienstleistungen wie der...

Bitcoin cash price started a fresh decline after it failed to surpass the $550 resistance against the US Dollar. The price is now trading below the $500 support and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $510 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it fails to stay above the $465 support zone. Bitcoin cash price is slowly moving lower...

Democrat Senator Elizabeth Warren continues to bash the cryptocurrency space by calling the market “highly opaque and volatile.” Nevertheless, she believes the US watchdog – the SEC – needs to step up and implement a proper regulatory framework to enhance investors’ safety amid their growing demand. Surging Demand for the Opaque Crypto Market It’s not uncommon for those in power to lash out against the decentralized and unregulated nature of the cryptocurrency market....

Block Fi has joined hands with Visa to launch its new bitcoin rewards credit card. The product has been available to most residents of the United States since last Tuesday. The company had been working to unveil a BTC-based credit card since December of last year and was met with much enthusiasm from traders, who joined a waiting list to be among the first to garner the product. Block Fi and Visa Work to Bring BTC Rewards to Customers Overall, as many as 400,000 names...