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Bitcoin (BTC)

EOS Price Analysis: Risk of More Losses Below $0.8

EOS price is still struggling below the $0.95 support against the US Dollar. The price is now trading above $0.90 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.890 the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could might attempt to recover towards the $0.95 and $0.98 resistance levels. EOS price is struggling below $0.95 against the US Dollar, similar to bitcoin. The price...

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Litecoin (LTC) Price Analysis: Dips Turn Attractive Above $60

Litecoin started a strong increase above $60 against the US Dollar. LTC price is now trading above $60 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $68 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could correct lower but dips might be limited below the $60 level. Litecoin price is rising steadily above $65 against the US Dollar, similar to bitcoin. LTC price could continue to move...

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McDonald’s heisser als Bitcoin?

Sieht aus wie Bitcoin; ist aber das Aktienpapier von McDonald's. Wirtschaft ist Krieg — Fressen oder gefressen werden. Darum geht es im Film „Der Gründer“. Es ist die Geschichte vom grössten Immobilien-Unternehmen der Welt: McDo! Ja richtig gehöret, Mc Donalds ist keine Restaurantkette, sondern ein Immobilien-Investor Spekulant! Der Vertreter für Milchshake-Mixer Ray Kroc (Michael Keaton) hat Anfang der 1950er Jahre nur äussert mässige Erfolge...

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Cathie Wood Reiterates Her $1 Million Bitcoin Bet

Despite the FTX meltdown and the consecutive decline of the cryptocurrency market, the Founder and CEO of Ark Invest – Cathie Wood – stands by her prediction that bitcoin will skyrocket to $1 million by 2030. She also seems unfazed by the price crash of Grayscale’s Bitcoin Trust (GBTC) since her company purchased additional 176,945 shares. BTC Bull Regardless of the Reality The shocking collapse of the crypto exchange FTX deepened the problems in the crypto sector and...

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DCG Subsidiary to Acquire Bitcoin Mining Facilities and Other Assets From Compute North

Digital Currency Group’s subsidiary and crypto mining firm Foundry Digital plans to acquire two turnkey crypto mining facilities in the United States from the embattled Bitcoin miner Compute North. In the latest press release, Foundry also said it would also acquire other assets in addition to an option to buy a third facility that is under development from the computing infrastructure company. Acquisition Details Foundry will buy Compute North’s North Sioux City, SD, and Big...

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Litecoin-Preis: Litecoin hebt ab!

Schönes Wetter in Sachen Leitcoin-Preis: +37 Prozent in den letzten 7 Tagen! Was ist bloss mit dem Litecoin-Preis los? Während alle anderen digitalen Währungen wie Bitcoin in den Keller sausten, hob der Litecoin ab. Satte 37 Prozent im Plus, und dies alleine in den letzten sieben Tagen. Damit hat Litecoin alle aneren Coins um Welten geschlagen. Doch warum ist das so? Bei Litecoin geht es ab wie in einem Skigebiet an einem Sonntag bei strahlend...

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Beyond Bitcoin – El Salvador Wants to Create a Legal Framework for All Crypto Assets

The government of El Salvador presented a bill that could set comprehensive rules on the local crypto sector and regulate the operations of all digital asset providers in the country. The ruling body is also one step closer to issuing blockchain bonds that could aid the development of certain BTC endeavors in the Central American nation. The bear market has not changed the pro-bitcoin stance of President Nayib Bukele. He disclosed last week that El Salvador will purchase one...

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Bitcoin Mining Firm Core Scientific Lost $1.7 Billion in 2022

Public-traded Bitcoin mining company Core Scientific has lost about $1.7 billion since the start of the year, according to its quarterly report filed with the United States Securities and Exchange Commission (SEC) on Tuesday. The filing shows that the firm recorded its second consecutive quarterly loss at the end of Q3. The Bitcoin miner lost $435 million in Q3 and $862 million in Q2, bringing its net loss for the year to a staggering $1.7 billion. Core Scientific Seeks Fresh...

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Elon Musk May Have Been Mistaken Investing in BTC

In early 2021, both Elon Musk and Tesla announced that they bought a ton of cryptocurrency – over $1.5 billion in bitcoin, to be exact. While things may have started out on a positive note, the volatility and price swings of 2022 have caused both figures to suffer dramatically, and it appears these bitcoin investments have brought each of them down. Elon Musk Hasn’t Had a Good Bitcoin Run It was announced earlier this year that both figures had lost a lot on their...

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Maple Finance Is Rescuing Crypto Miners

The crypto mining scene has been in a terrible state of disarray over the past few months, but there appears to be an answer in a platform called Maple Finance. Maple Finance Is Trying to Aid the Mining Community The digital currency mining scene has been falling into the doldrums as of late. With assets like bitcoin losing more than 70 percent of their values since hitting new all-time highs last November, it seems it’s becoming much more expensive to mine crypto, and...

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