Bitcoin (BTC)

Bitcoin’s recent nosedives continued in the past 24 hours, and the asset slipped to a 17-day low of around $42,000. Most altcoins are also deep in the red, with the most losses coming from Terra, Solana, Avalanche, Cardano, and Dogecoin from the larger-cap ones. Bitcoin Tested $42K It was just several days ago when bitcoin was fighting to reclaim $47,000 and spiked above that level twice within a 48-hour period. However, the bears came out from hiding and didn’t allow any...

Cryptoast a publié mercredi un dossier consacré aux positionnements des candidats sur les cryptomonnaies. « L’année 2021 a vu l’écosystème crypto exploser, ce qui a poussé certains des candidats à se positionner sur le sujet. Nous avons contacté tous les candidats à la présidentielle afin d’avoir leurs retours. Certains ont accepté de répondre directement à nos questions, mais il ne s’agit pas de la majorité. Nous vous proposons...

Bitcoin has been rocking as of late. While the currency is nowhere near where it was just five months ago – at that time in November of 2021, the world’s number one digital asset was trading for about $68,000 per unit – the currency has managed to get itself out of the doldrums and spike into the mid to high $40,000 ranges, a solid improvement over the $37,000 it was trading for in mid-March. Bitcoin Could Be Heading to the Stars Now, Van Eck – a company known for its...

Janet Yellen – Treasury Secretary of the United States – recently delivered her first speech solely dedicated to cryptocurrencies. While discussing the risks and benefits of crypto and CBDCs, the secretary listed five historical lessons she’ll be following as she regulates the space. A More Balanced Tone The speech was delivered before American University’s Kogod School of Business Center for Innovation on Thursday. Her words reflect significant evolution in how the Treasury...

Ricardo Salinas Pliego – the third-wealthiest person in Mexico – revealed he had allocated 60% of his liquid portfolio to bitcoin and bitcoin equities. The billionaire is a strong opponent of fiat currencies and bonds, calling the latter a “terrible investment.” Salinas is Pro-Bitcoin and Anti-Fiat The Chairman of Grupo Elektra and the owner of the Mexican multimedia conglomerate TV Azteca – Ricardo Salinas – reiterated his crypto support during the ongoing Miami Bitcoin...

Cornerstone Global Management Inc. – a company that transfers payroll into cryptocurrencies such as bitcoin, Ethereum, and Litecoin and allows employees to get paid in digital assets – has acquired a firm known as Pay Drop, which provides financial and payment services to freelance workers and small businesses. Cornerstone Global and Pay Drop Join Hands for Crypto’s Sake Charlie Lee – the founder of Litecoin – helped to coordinate the acquisition. He stated in an...

The autonomous region of Portugal – Madeira – and Prospera – a jurisdiction on Honduras’ Roatán island – will reportedly adopt bitcoin as an official payment method inside their borders. Residents from both territories won’t have to pay capital gains tax when buying or selling the primary cryptocurrency. Following El Salvador’s Path Bitcoin’s global popularity and development received a significant boost last year when El Salvador became the first country to embrace the asset...

Block, formerly named Square, and Blockstream team up to mine bitcoin off Tesla-supported solar power in Texas, as reported by CNBC. Bitcoin mining is seen as an activity that incentivizes the monetization of renewable power production. Tesla’s 3.8 megawatts solar PV array, along with 12 megawatt-hours Megapack, will power the bitcoin mining facility located in Western Texas. Block stated that “100% solar-powered bitcoin mining project with Blockstream, using solar and...

Tesla, Blockstream et Block (anciennement Square) ont décidé de s’associer pour expérimenter une ferme de minage solaire au Texas. L’énergie solaire étant intermittente, la stabilité de l’alimentation reposera sur les batteries Megapack de Tesla. Le projet devrait voir le jour avant la fin de l’année. « L’installation sera une preuve de concept pour une ferme de minage de bitcoins fonctionnant à...

The past week was filled with serious volatility, but unfortunately, a lot of it was to the downside. Bitcoin is currently trading at around $43,800, down 3.6% during the week. It’s interesting to note that this happens as the biggest BTC-focused event is currently taking place in Miami – Bitcoin 2022. The first week of April wasn’t very productive across the board. For BTC, the price was sitting at around $46,000 this time last week, and it was looking primed to test $47K....