Bitcoin (BTC)

It’s been a challenging few weeks for Bitcoin (BTC) holders, with the coin’s value plummeting since the end of August. However, with BTC having posted a bullish close in the past three days, ChatGPT has weighed in with its thoughts on whether this rebound can last for the entirety of Q4 2023. ChatGPT has also highlighted the new Bitcoin derivative, Bitcoin BSC (BTCBSC), as another coin that could experience significant growth this quarter. Bitcoin’s Bullish Rebound Prompts...

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Delio, a South Korea-based Bitcoin lender, is reportedly planning to launch an administrative lawsuit against local financial regulators, citing poor and incorrect interpretation of the law. This new lawsuit comes after an investigation and fine imposed on the Bitcoin lending firm by the South Korean watchdog. Delio to Sue South Korean Watchdogs Earlier this month, The Financial Intelligence Unit (FIU) of South Korea recommended the dismissal of Delio CEO Jeong Sang-ho...

Ron DeSantis – the republican governor of Florida who recently threw his hat into the 2024 presidential ring – said that the present commander-in-chief Joe Biden has started a crypto war that will end once he, DeSantis, becomes the next leader of the free world. Ron DeSantis Vows to Open the Crypto Door as President During a recent campaign event in New Hampshire, DeSantis pledged his love and loyalty to bitcoin, continuing a string of pro-crypto statements that...

The new Bitcoin-only trust company will combine expertise from BitGo and Swan Bitcoin to drive adoption with minimal exposure. California-based crypto custodian BitGo Inc and Bitcoin services firm Swan are working to create a Bitcoin-only trust company. The new firm will offer customers Bitcoin custody without the risk of exposure to the crypto market. According to an official press release, the new firm will be the first Bitcoin-only trust company. It will combine regulatory compliance...

Mark Yusko – the head executive of Morgan Creek Capital Management, a hedge fund – has stated that bitcoin could reach a price of about $300,000 per unit by the time 2028 rings in. Mark Yusko Has High Hopes for Bitcoin Right now, the gold arena has a market capitalization of about $6 trillion. He believes bitcoin will soon be able to rival the precious metal thanks, in large part, to next year’s scheduled halving. He says BTC is going to experience enough of a...

Democratic presidential hopeful Robert Kennedy Jr. has serious issues with the idea that bitcoin is causing harm to the world’s oceans and environment. Robert Kennedy Dismisses Environmental Concerns Regarding BTC Bitcoin – especially bitcoin mining – has been the subject of several environmentalists’ wrath over the past few years. There have been many reports claiming that crypto mining is doing irreparable harm to the planet and the process uses more energy than...

If not for anything else, the latest report about clean energy usage could mean a greater move toward the adoption of BTC. A Bloomberg analyst has just reported on the present situation with Bitcoin (BTC) miners as it concerns clean energy usage. In a recent thread on X (formerly Twitter), the analyst, Jamie Coutts said that the percentage of clean energy used for Bitcoin mining has gone past 50%. That is more than 50% of Bitcoin mining now comes from renewable sources. According to...

As the global economy is going through a period of total uncertainty amid the crises of the last three years, individuals are increasingly searching for ways to protect their savings. Cryptocurrencies have emerged as a popular solution, offering financial independence and autonomy from government regulations. However, the cryptocurrency market has faced challenges due to global macroeconomic situations and inflation data, resulting in a prolonged period of decline...

Bitcoin cash started a strong increase above the $200 and $210 levels against the US Dollar. The price is now trading above the $210 zone and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $190 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $225 and $232 to continue higher in the near term. Bitcoin cash price is climbing above $210 against the US Dollar, like...