Crypto news

Popular TV host Max Keiser recently highlighted that Bitcoin’s continuously growing hash rate is significantly more important for humanity than its price. He believes that the expanding energy demand for sustaining the network would ultimately result in the demise of altcoins and fiat currencies.Rising Energy Consumption For BTC Is A Good Thing: KeiserFollowing a recent tweet by the famous broadcaster, in which he claimed that Bitcoin is initiating a 51% attack on world energy, CryptoPotato...

The decentralized crypto exchange protocol C.R.E.A.M. Finance announced its decision to conduct a significant token burn today, September 20th, after a strong internal discussion.The official account of the protocol explained that following consideration of several possible reductions in supply, the alternative of burning 67% of all the $CREAM tokens was chosen as the best. This implies that more than 6 million $CREAM tokens will disappear forever once the burn is complete.Goodbye, Governance...

Bitcoin jumped to a fresh 2-week high above $11,150 but got rejected once again and is down below $11,000.Meanwhile, the value of the 400 UNI tokens airdropped to anyone who used Uniswap before September 1st reached almost $3,500.Bitcoin Paints A New 2-Week HighAs reported by CryptoPotato yesterday, Bitcoin displayed issues when trying to overcome the psychological $11,000 level. In the past 24 hours, the primary cryptocurrency initiated another attempt, which seemed significantly more...

Even though the past week was positive for Bitcoin, the recent price action could raise some question marks for the bulls. After starting the week below $10,500, Bitcoin was able to break above the old tough resistance and reach back to the $11,000 area. However, while BTC gained 5% over the past week, most of the leading cryptocurrencies lost market cap. LINK  at -18% and even Ethereum at -2% are only two examples. The trending DeFi tokens suffered even harder. This tells us...

Bitcoin is an interesting entity for many reasons, a big one being that it shares correlations with many other financial tools such as stocks and gold, but for the most part, these correlations have all been rather general. Now, it’s coming out that bitcoin shares a correlation specifically with Tesla stock, and when one looks at the evidence, it’s hard to ignore this idea.Tesla and Bitcoin Appear to Be ConnectedBitcoin has done extremely well during the coronavirus pandemic. Yes, it’s true...

Robert Kiyosaki – the famed author of the bestselling book “Rich Dad, Poor Dad” – is once again talking about bitcoin and about how the world’s number one cryptocurrency by market cap faces an imminent crash once a COVID vaccine emerges.Robert Kiyosaki: Once A Vaccine Emerges, It’s All OverThe idea behind bitcoin right now is that it is a strong tool that can potentially hedge one’s wealth against inflation and other harsh economic circumstances. Many of these circumstances are being brought...

Jack Dorsey – the CEO of both Twitter and Square – has announced in the past that he’s a fan of bitcoin. It’s no secret that he respects cryptocurrency above all other financial entities, but to be fair, his explanations have always been rather brief and don’t contain much information.Jack Dorsey On Why He Has Such Belief in BTCToday, Dorsey – after referring to bitcoin as the best internet currency – revealed why he’s got such faith in the world’s number one cryptocurrency by market cap. In...

When it comes to the question of mainstream or enterprise adoption of blockchain technology and Bitcoin, much of the discussion tends to focus on barriers such as scalability. However, a valid concern for any organization considering the use of blockchain in transaction processing is that of finality.You could think of a Bitcoin transaction like the process of a fly becoming trapped in resin. When the transaction is processed, the fly is embedded in the resin. However, the overall process is...

In the crypto industry’s formative years, Bitcoin faucets allowed interested parties to passively earn BTC to get some skin in the game. Although Bitcoin was virtually worthless at the time, developer Gavin Andresen’s idea to distribute coins as widely as possible was both novel and prescient.Fast forward ten years, and cryptocurrency is easy to source but, at least where Bitcoin is concerned, costly to acquire. Although many faucets still exist, the payouts are derisory, forcing nocoiners...

A bitcoin wallet containing a little over 69,000 BTC is doing the rounds in hacking communities all over the internet. The reason? It’s obvious.Everyone (read seasoned hackers and self-professed bitcoin wallet crackers) wants to break it open and take it all. Or at least, a slice of the almost $750 million pie. For the last two years, however, no one has been able to ‘strike it lucky.’Hackers Tried Cracking The 7th Largest Bitcoin Wallet In The WorldAccording to cybersecurity expert Alon Gal,...