Crypto news

Central Washington – an area that has attracted a high level of bitcoin and crypto mining operations thanks to its low energy costs – has been told to watch out for any signs of bootleg mining companies.Central Washington Is Now Keeping an Eye OutAmong the red flags that the area has been put on high alert for are unusually high energy bills and exhaust fans that operate on a 24-hour scale.The area has been one of the most sought-out regions amongst crypto and bitcoin miners since 2017. At...

The past 12 hours have been rather tense on the cryptocurrency market. Bitcoin, as well as other cryptocurrencies, went through a massive correction, resulting in almost $1.3 billion liquidations in 12 hours.This morning, Bitcoin was trading at over $41,000, even though it was seemingly trapped in a range between $39,600 and $41,500 for more than a day without any decisive moves in any direction.However, it all began a little more than 15 hours ago when the price tanked from $41,000 to about...

Elon Musk – the South African entrepreneur behind billion-dollar ventures like SpaceX and Tesla – says he’s looking to potentially get paid in bitcoin, or at least he’s intrigued by the idea.Elon Musk Wants to Get Paid in BTC?Musk has always been there to give his thoughts and ideas on crypto. The problem is he goes back and forth – so much so that it’s hard to take him seriously. Is he a fan of crypto or not? Is it something he considers revolutionary, or does he believe all crypto will...

Dan Larimer, the blockchain entrepreneur that co-founded the company behind the popular project EOS, has left his position after four years. Interestingly, the native cryptocurrency EOS has reacted immediately with a vigorous price drop of about 25%.Larimer, who served as Block.one’s chief technological officer, has resigned from his position at the company as of December 31st, 2020. “I will continue on my mission to create a free market, voluntary solutions for securing life, liberty,...

Right now, the bitcoin price is trading above $40,000. The asset is doing better than it ever has and it has even reached a new all-time high.The Bitcoin Crash of 2018 Is No Longer LikelyIf this kind of behavior doesn’t sound familiar yet, it should. This is exactly what bitcoin went through three or four years ago. The asset continued to spike and spike like it never had before. It was adding hundreds to thousands of dollars to its price each month and eventually shocked the world when it...

The number of bitcoins stored on cryptocurrency exchanges has been gradually decreasing while the number of BTC whales keeps increases. Having also in mind the aftermath of the halving and institutions purchasing massive quantities of the asset, it could lead to a significant liquidity crisis.Bitcoin Whales Behavior And BTC On ExchangesData from the monitoring resource CryptoQuant informs that the number of bitcoins kept on crypto exchanges has been continuously dropping for nearly a year.As...

[PRESS RELEASE – Please Read Disclaimer]PAID Network, one of the first legal techs to use distributed ledger technologies (DLT) to make business on the Blockchain more secure, has announced its upcoming IDO on January 20th, on the Polkastarter platform.The DEX Initial Offering (IDO) on Polkastarter is the next fundraising step after a successful $2M private sale round, after receiving over $23M in requests from more than 7,000 investors. AlphaBit Fund and Master Ventures led the round in...

After setting the current all-time high level at $42,000, according to Bitstamp, Bitcoin price saw a retracement to the $38K – $39K area followed by a quick recovery back above $40K over the weekend.However, despite reaching $41K earlier today, Bitcoin had plunged to a current low of $38,555 (Bitstamp) before recovering slightly to where it is trading right now – $39,500.Looking at the bigger picture and as shown on the following 4-hour chart, Bitcoin had broken below the rising channel and...

In a recent Twitter reply, the CEO of Tesla and SpaceX admitted that he wouldn’t turn out getting paid in Bitcoin. His statement came as a reply to Ben Mezrich, the author of Bitcoin Billionaires. Ben Mezrich and Elon Musk on BitcoinA couple of days ago, Ben Mezrich, the author of Bitcoin Billionaires: A True Story of Genius, Betrayal, and Redemption, took it to Twitter to say that he wouldn’t turn down getting paid in bitcoin again.As CryptoPotato reported earlier in 2020, Bitcoin started...

ETH/USD – Ethereum Continues To Set Multi-Year HighsKey Support Levels: $1275, $1200, $1165.Key Resistance Levels: $1350, $1390, $1425.This past week, Etheruem surged higher from $800 to reach the resistance at $1275 on Friday, provided by a bearish .886 Fib Retracement. It stalled here for a couple of days as it traded along with the support of $1165 (.236 Fib Retracement).Today, Ethereum managed to push above the resistance at $1275 to climb higher towards $1350 (current daily high and...