Bitcoin (BTC)

The financial analyst and Global Head of Equity Strategy at Jefferies – Christopher Wood – opined that the Chinese officials want no competition for its digital renminbi. That is why they enforced the crackdown on bitcoin and other cryptocurrencies lately. China Cares About its CBDC Not Carbon Footprint Christopher Wood – the prominent financial analyst focused on the Asian market – surmised that there is more to the story behind China’s negative stance against crypto mining...

Last week, Bitcoin crashed following China’s decision to ban crypto mining in the country. For the first time since January, Bitcoin was trading below $30,000. While the price of Bitcoin has recovered a bit, investors remain uncertain about the possible direction the market could take. China, being the biggest Bitcoin market in the world, has decided to continue its massive crackdown on crypto miners in the country. The impact of China’s decision on the trading market...

Bitcoin and other cryptocurrencies cannot and should not replace fiat currencies, argued the former finance minister of Greece, Yanis Varoufakis. Additionally, he supported the popular narrative that counties should aim at adopting blockchain while averting from using BTC. Bitcoin Cannot Replace Fiat Speaking to the Greek Reporter, Varoufakis, who has never been a bitcoin fan, used the opportunity to bash the asset. He touched upon one of the most notable BTC merits – the...

The events occurred around 8:30 am when Popescu entered the sea to swim in the Tramonto sector, was swept away by the current, and died on the spot.Billionaire Bitcoiner, crypto researcher, and entrepreneur Mircea Popescu is reportedly dead after drowning in Costa Rica. According to reports from Costa Rican local media outlet, CRHoy, 41-year-old Popescu was a tourist in the country and drowned in the sea at the Hermosa Beach in Puntarenas province Costa Rica.Additional reports from...

The lower number of miners on the Bitcoin network has caused severe disruptions as the rate of newly-produced coins have dropped to just 58 new ones created in a day, says on-chain data. Furthermore, miners’ revenue has plummeted in the last month, while all eyes are on the upcoming difficulty adjustment. The Disruptions on the BTC Network CryptoPotato reported yesterday that the Bitcoin hash rate – the metric displaying the amount of computational work miners put on the...

Bitcoin and Ethereum are both regaining some lost weight as their current price points show considerable increase from recent lows.Bitcoin (BTC) is starting to recover from losses it recently incurred, where it seemed to pull down some of the market’s biggest coins. Jumping from a recent low, Bitcoin has climbed over 24% with Ethereum (ETH) also showing proof of its number 2 spot. While the price of Bitcoin has climbed 5.92% to $34,598 in the last 24 hours, Ethereum has jumped more than 12%...

In comparison to Bitcoin, Doge has a significantly smaller block time, making it easier to carry transactions through the meme currency.Dogecoin, which was initially released into the crypto market as a joke, mocking the riveting speculations of cryptocurrency at that time, has gone on to become a huge hit among the crypto-enthusiasts. As a parody of cryptocurrency, its supply limit was discarded to encourage the utilization of crypto tokens as a tipping coin to depress the practice of...

Stellar lumen price extended its decline and it even tested $0.2000 against the US Dollar. XLM price is now trading near $0.2600 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.2600 on the 4-hours chart (data feed via Kraken). The pair is likely to start a major increase if it surpasses $0.2600 and $0.2700. Stellar lumen price is facing hurdles near $0.2600 and $0.2700 against the US Dollar, similar to...

The bitcoin agenda of El Salvador has gone from being an idea to a solid reality. The country had announced not too long ago that it was planning to ensure bitcoin would become legal tender within its borders after spending many years relying on USD. It looks like the nation has finally gotten its wish. El Salvador Is Pushing BTC Like No Other Country Beginning on September 7 of this year, bitcoin can be used legally as currency to purchase goods and services in El...

The authorities of South Korea confiscated the cryptocurrency holdings of 12,000 people. The locals received charges of tax evasion, and 53 billion won or $47 million worth of BTC, ETH, and other digital assets were seized from them. The Largest Crypto Seizure for Back Taxes in Korean History Following a months-long investigation, the officials in the most populated South Korean province – Gyeonggi – targeted 12,000 wealthy residents under suspicion of tax avoidance. The...