Bitcoin (BTC)

Bitcoin ATMs are largely becoming the centers of crypto fraud schemes, according to law enforcement agencies around the country. Bitcoin ATMs and the Problems They Attract For example, one woman from the city of Clive in Polk County, Iowa, was involved in a bitcoin ATM scam that saw her lose more than $6,600. She received a call from someone claiming to be part of the Polk County Sheriff’s office, and the caller said that if she didn’t go to her nearest crypto ATM...

Bitcoin’s price has basically been on pause since mid-June, as the asset trades range-bound since then. The exchange rate of BTC to USD remained above $29,000, with resistance at $30,000. It’s as if markets are waiting on the SEC’s spot Bitcoin ETF approvals. In fact, one metric of bitcoin’s price stability touched five-year historic lows at the beginning of August. Weirdly, BTC was even less volatile than U.S. stocks briefly this month. But with each new application for a...

David Tamil of Pro Chain Capital fame believes that bitcoin is going to reach $50K by the end of the year. He also thinks that home and real estate prices are going to come crashing down. Will Real Estate Be in a Weaker State? The latter shouldn’t be surprising to anyone. After all, Joe Biden – the present commander-in-chief – has done nothing of value since entering the White House and has instilled extremely weak economic policies and signed his name to multiple...

Bitcoin’s troubles continue as the asset has returned below $26,000 after exceeding that level yesterday following the price flash crash. Most altcoins have also seen daily declines, with ETH and BNB dropping by 1.5% once more. BTC Still Below $26K The primary cryptocurrency was stuck in a tight range between $29,200 and $29,500 for a week until a few days ago. It tried to break out toward $30,000 on Monday but was stopped in its tracks, and the subsequent rejection pushed it...

The fervor that surrounded Bitcoin Ordinals seems to have waned, with sales volume dropping more than 97% from its all-time high in May 2023. However, some community members believe Bitcoin Ordinals are not dead, some others state that the earlier hype was a major cause of its crash, arguing that Bitcoin is better off maintaining its primary function as a store of value. A 97% Crash Within 3 Months Bitcoin Ordinals have seen a sharp decline in sales volume from its peak of...

As crypto mining firms rapidly expand infrastructure ahead of the 2024 Bitcoin halving, the industry is also branching out into another growing tech frenzy: artificial intelligence. A report from JP Morgan on Thursday explained how mining businesses are now repurposing their infrastructure to provide high-performance computing services. Miners Pivot to AI As led by Nikolaos Panigirtzoglou, the analysts wrote that miners are partly funding their shift to AI by selling BTC...

It’s believed Gen Z will make a huge difference in how bitcoin works and operates in the coming years. Gen Z Are the Real Crypto Hounds This makes sense given the digital currency industry has been taken to largely by young people. Most of the time, it’s standard financial tools – such as stocks and precious metals – that are enjoyed by older generations, though it’s Gen Z and millennials that largely grew up during the days of the Great Recession. They likely saw...

The cryptocurrency market is going through hard times. It’s been a complete disaster for the past seven days, and the worst took place today. Bitcoin’s price plummeted by a whopping 7.6% in the past 24 hours alone, bringing its total losses to above 11% for the week. The crash also led to a massive wave of liquidations worth over $1 billion in terms of leveraged positions. The volatility wiped off both short and long open interest, and the market is left crumbling. BTC is far...

Changpeng Zhao – the man behind Binance, the world’s largest and most popular digital currency exchange – has announced that he thinks 2025 will likely be the year in which bitcoin reaches a new high and goes through a bull run like nobody has ever seen. Binance CEO Changpeng Zhao on BTC’s Future This is very similar to an article that Live Bitcoin News recently published. In that article, it was suggested (as an opinion, of course) that 2024 would be the year in...

Despite a solid rally in the week prior, mid-July saw bitcoin experience something of a dip in its price. It fell to about $30K even after several weeks of trading above $31,000 per unit. Bitcoin Endured a Few Slips The crypto market experienced a few nasty hits, such as non-fungible tokens (NFTs) being dramatically sold off. Many major collections saw their prices slouch as more and more individuals begin to question whether these assets are worth anything at...