Bitcoin (BTC)

With Ethereum continuing to show a lot of gall and hutzpah during this current bear market, many are wondering if the asset will eventually become the world’s most powerful cryptocurrency by market cap. As always, bitcoin is still in the number one spot, but Ethereum is continuing to show heavy promise, and Wall Street along with several retail players are experiencing more interest in the asset. Ethereum Is Gaining Serious Momentum Ethereum is the second largest...

Chicago is building itself up as a leader in the world of blockchain and crypto. The region already hosts a bitcoin ATM operator and a crypto mining facility and is looking to add a whole lot more to the mix. Chicago Is Becoming a Real Crypto Hub David Carman is a fintech consultant and board member with Global DCA, a crypto industry association in Chicago. He says that over the years, people within the city have grown to love digital assets, and the market itself is...

A professor at Cornell University believes that bitcoin can never accomplish all it has set out to do unless it manages to get past three big hindrances. According to Eswar Prasad, professor of economics at the educational institution, bitcoin still suffers from several flaws that are preventing it from being stronger than many of its altcoin cousins. Eswar Prasad: BTC Still Has a Way to Go In an interview, Prasad points to the idea that bitcoin mining is extremely...

The Bitcoin rollercoaster continues after the price dropped by a precipitous 14% from today’s high of $33,250 to reach as low as $28,600. After hitting this level, the cryptocurrency quickly rebounded back above $32,000 liquidating a huge amount of long then short positions. Yesterday, it seemed like the critical support of $31.7K was holding, however, earlier today Bitcoin broke the ascending trend line (started forming on May 19), losing the $30k support, but, as of now,...

La plateforme d’échange malaisienne OKEx a annoncé samedi la prise en charge des transactions Lightning pour pour les dépôts et les retraits. « Nous avons le plaisir d’annoncer que le Bitcoin Lightning Network est désormais disponible sur le site Web d’OKEx, permettant des transferts beaucoup plus rapides et moins chers. Les utilisateurs d’OKEx peuvent désormais utiliser le réseau Lightning pour...

Nouvelle journée de repli pour le bitcoin qui a touché aujourd’hui un point bas à 24200€ / 29250$. La baisse bien réelle du hashrate chinois – pourtant une excellente nouvelle pour la décentralisation de Bitcoin – et le running gag d’un énième anathème lancé par La Banque populaire de Chine, ont renvoyé pour un temps les taureaux à l’étable. La BPC a en effet demandé lundi aux principales...

Iranian authorities have confiscated about 7,000 cryptocurrency mining machines. The latest development is in line with Iran’s crackdown on illegal bitcoin mining activities. According to Reuters on Tuesday (June 22, 2021), General Hossein Rahimi, Tehran police chief, revealed that the computer miners were found at an abandoned factory in Iran’s capital, which was used to carry out illegal cryptocurrency mining activities. The latest seizure is the largest ever carried out by...

Bitfarms stated that it powers an estimated 1% of the global Bitcoin network, with over 99% “green” hydropower.Bitfarms Ltd (NASDAQ: BITF), a sustainable-energy Bitcoin miner, saw its stock decline 8.6% to as low as $3.9 on Monday – its first day of trading on the NASDAQ. Notably, BITF stock closed yesterday trading at $3.96, a 7% drop from its opening price of $4.27. The drop was likely due to a huge crypto sell-off motivated by the recent Chinese crypto crackdown.Notably, figures provided...

Jan van Eck, the CEO of the giant investment manager, VanEck, has asserted that the firm’s customers have a growing appetite for a Bitcoin ETF. This comes amid the company’s frequent attempt to have an exchange-traded product approved in the US. During a recent interview with CNBC, van Eck spoke about the company’s plans to enter the cryptocurrency space through an exchange-traded fund that tracks the performance of bitcoin. The firm has already filed for a few such ETFs. It...

The consequences of the nationwide Chinese crackdown on Bitcoin mining are more than evident in a few short weeks. The hashrate has dropped dramatically by nearly 50% from its peak, the number of daily issued coins has declined, and the Puell Multiple has reached a multi-month low. The Effects of the Chinese Crackdown Although Bitcoin has been banned in China for years, the Asian Superpower doubled down on its stance just recently. It went further this time by ordering...