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Bitcoin (BTC)

REKT Thérapie #3

Nouveau Space Twitter consacré à la crise actuelle du secteur « crypto ». « On vous prépare de nouveaux témoignages et un quizz auquel tout le monde peut participer. » – @Mr_Monte_Crypto Où ? – Sur Twitter Quand ? – Vendredi 2 décembre à 23h00

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AMG Says “Yes” to Crypto Payments

American Marketing Group (AMG) has announced it’s now allowing all the travel companies it does business with to accept cryptocurrency payments through its booking platform Trip Xpress. AMG Is Opening Itself Up to Crypto Payments The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on either speculative or even hedge-like statuses in recent years, many of...

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Brian Armstrong Says He Was Wrong About BTC

In a recent interview, Brian Armstrong – the CEO of popular digital currency exchange Coinbase – commented that he “overestimated” bitcoin as a hedge against inflation, and he’s learning now – like so many other traders – that bitcoin is not yet ready or mature enough to handle the hard-hitting economic factors that the country has been facing over the last year and a half. Brian Armstrong Says He was Incorrect About Crypto In a podcast discussion, Armstrong commented: Frankly, I’ll admit,...

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Bitcoin Mining Revenue Falls 20% in November as Miners Struggle to Stay Profitable

Once again, Bitcoin miners went significantly lower in terms of monthly revenue, raking in only about $472 million in November.Bitcoin (BTC) mining continues to prove unprofitable as monthly revenues keep going down from previous values. According to data studied by The Block Research, the month of November saw Bitcoin mining revenue dwindle by almost 20% from its October value to reach a two-year low of 472 million.Bitcoin Mining Revenue Suffered in November amid Various Market...

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Bitcoin Cash Analysis: Risk of Fresh Decline Below $105

Bitcoin cash price started a fresh decline from the $120 zone against the US Dollar. The price is now trading below the $115 zone and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $111 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $107 and $105 support levels. Bitcoin cash price is declining from the $120 zone against the US Dollar, unlike bitcoin. BCH/USD...

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Bitcoin’s Value Artificially Inflated and Rarely Used for Legal Transactions, Says ECB

The latest critique came from the top leadership at European Central Bank (ECB), who stated that Bitcoin’s value “is likely to be artificially induced” while adding that the crypto-asset is on a “road to irrelevance.” In the blog post, ECB Director General Ulrich Bindseil and Analyst Jürgen Schaff went on to claim that the world’s largest cryptocurrency has “never been used to any significant extent for legal real-world transactions.” The duo even blamed Bitcoin’s “conceptual...

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Italy to Start Taxing Crypto Trading Gains From 2023 (Report)

The government of Italy is reportedly looking to enforce strict rules on the local crypto space by imposing a 26% tax on profits generated from digital asset trading.  However, residents who earn less than €2,000 ($2,090) per year from dealing with bitcoin or altcoins will be excluded from the possible upcoming legislation. Italy’s Next Crypto Step A recent coverage by Bloomberg informed that the Italian authorities are working on a crypto bill that could be implemented as of...

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CFTC Chair Changes His Mind About Ethereum Being a Commodity

Rostin Benham – chairman of the Commodities and Futures Trading Commission (CFTC) – has walked back previous claims that Ether (ETH) and other altcoins should fall under his agency’s jurisdiction.  Speaking about the future regulation of crypto following FTX’s bankruptcy, he suggested that only Bitcoin should be viewed as a commodity. Flipping Positions on Ether As reported by Fortune magazine, the chairman aired his thoughts during an invite-only crypto event hosted by...

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