Bitcoin (BTC)

Following news that both BlackRock and Fidelity have entered the digital currency market, many institutional analysts have predicted that within the next six months, bitcoin will reach a price of about $35,000 per unit, while Ethereum will jump into the $2,000 range. How Much Has Bitcoin Lost? On paper, this doesn’t look all that spectacular. After all, bitcoin – just 11 months ago – was trading at a new all-time high of approximately $68,000 per unit, so $35,000 would...

A crypto trader was taken by surprise after hackers reportedly siphoned more than a million dollars worth of digital assets from his FTX account by exploiting an API connected to the trading account.  According to reports, the FTX user discovered that his account using the 3Commas API, has traded the DMM: Governance (DMG) token more than 5,000 times, leading to the loss of about $1.6 million worth of assets, including Bitcoin, Ether, and FTX tokens. FTX and 3Commas Deny...

A new report suggests that bitcoin is bad: very bad. It’s so bad for the environment, it’s on par with hardcore beef production, and it’s far worse than gold mining. Bitcoin and Beef… The Former’s Worse? The paper is co-authored by Benjamin A. Jones, an associate professor of economics at the University of New Mexico. In a recent interview, he commented: [This energy use] is because of the proof of work production process that [bitcoin] uses. Miners all over the world...

A recent survey conducted by the University of Central America (UCA) estimated that 77% of the polled Salvadorans think adopting bitcoin as a legal tender 13 months ago was a mistake. However, nearly 76% of the locals remain supportive of their BTC-loving President Nayib Bukele, who has initiated numerous reforms and waged war on domestic drug cartels. Salvadorans not Withdrawing Their Support The small Latin American nation – El Salvador – made the headlines last year by...

Réponse de Faune Radio à l’article « La consommation énergétique annuelle du Bitcoin, équivalente à celle de la Suisse, pourrait être divisée par mille«  de Jean-Paul Delahaye publiée dans Le Monde le 24 septembre 2022. Source : https://www.youtube.com/c/FauneRadio

In what appears to be a stark role reversal, Bitcoin is now becoming less volatile money than Britain’s national currency.   According to data provided by Bloomberg, the 30-day volatility of the British pound against the U.S. dollar has soared over the past month.  Meanwhile, Bitcoin’s volatility has declined substantially since June, and again since the start of October. This has brought each currency’s volatility to a roughly equal point. BTC Volatility vs. GBP Volatility....

Bitcoin’s fight to remain above $19,000 didn’t go all that well yesterday, as the asset fell to a 9-day low of $18,600 before bouncing off. The altcoins also went through similar price movements, but most are slightly in the green on a daily scale, including APE’s notable surge. Bitcoin’s New Local Low Ever since the end of the previous working week, bitcoin had calmed after the storm and stood at around $19,000. It spent most of the weekend there, and Monday was no...

It seems Do Kwon cannot catch a break. After being tied to one of the most embarrassing fiascos to ever occur within the confines of the crypto space (the collapse of Terra Luna, an algorithmic stable currency), authorities in South Korea have issued a warrant for his arrest as well as many other executives or staff members thought to have been involved in the currency’s death. Now, it looks like all his crypto assets are being frozen. They Keep Pursuing Do Kwon...

The cryptocurrency market went through little volatility over the past seven days and is currently found almost where it was this time last week. The sentiment remains overly fearful as global inflation woes and economic unrest settle in. Starting with Bitcoin, it lost roughly 1.8% in the past seven days, going through almost no volatility whatsoever. The cryptocurrency attempted a break above the critical level of $20,000 but to no avail. It was quickly rejected by the...

The British pound is collapsing as of late, and this – according to analysts – will ultimately present some solid opportunities for bitcoin and its crypto cousins to potentially step in and garner newfound respect. With the Fall of the British Pound, BTC Could Take Over Fiat currencies all over the world are falling like they never have thanks to increasing inflation, which is now at a 40-year-high in regions like the United Kingdom and the United States. The initial...