Tag Archives: Bitcoin News

1.) A stablecoin’s rise in market share has ignited the ‘Second Great Stablecoin War’Since Binance announced it would auto-convert USDC, USDP and TUSD into BUSD on Sept. 6, BUSD’s share of the total stablecoin market has risen from 10.01% to 15.48%.https://cointelegraph.com/news/a-stablecoin-s-rise-in-market-share-has-ignited-the-second-great-stablecoin-war 2.) Change of Heart: Kraken Closes Accounts for all Russian UsersFollowing the latest package of sanctions that the...

Bitcoin, Ethereum, and the crypto space in general have not been doing well for nearly a year. The world’s number one digital currency by market cap has fallen from its November 2021 all-time high of about $68,000 per unit to roughly $19,000 at the time of writing. That’s a loss exceeding 70 percent, and it makes the bearish conditions of 2018 look tame by comparison. The crypto market has also lost more than $2 trillion in valuation. Bitcoin Has Remained Somewhat...

Scams, scams, and more scams. It appears that’s all the digital currency space is associated with as of late… That and falling prices. The idea of scams lessening anytime soon isn’t taking hold, especially now that police in the town of Edmonton say they’re looking to assist victims of a crypto fraud case that ultimately saw nearly $6 million in digital funds being wiped from their portfolios. Scams in the Crypto Space Are Still Too Prominent The scam in question has...

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 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...

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...

In the city of Lagos, Portugal, there’s a little hub called the Bam-Bam Beach Bitcoin Bar. It’s co-owned by Dutch investor Didi Taihuttu, and it attracts people from all over the world not just for its fine drinks and spirits, but for its love of bitcoin. Here, people can gather and discuss the future of the space and all they’ve accomplished within its boundaries over the past few years. Didi Taihuttu Is Opening a Bitcoin Bar If the name Taihuttu isn’t familiar yet, it...

1.) Bitpanda gewinnt N26 als PartnerDie deutsche Onlinebank N26 bietet zukünftig über das österreichische Fintech Bitpanda einen Zugang zum Handel mit Kryptowährungen. https://de.cointelegraph.com/news/bitpanda-wins-n26-as-a-partner 2.) Here’s How Much BTC Tesla Owned as of Q3 2022Despite selling about 75% of its Bitcoin holdings in Q2, Tesla continues to hold its remaining BTC stash.https://cryptopotato.com/heres-how-much-btc-tesla-owned-as-of-q3-2022/ 📱Mein...

Financial services firm Level Field Financial is partnering with a company called Crypto Quote. Its purpose? To bring traditional finance and digital currency together and provide traders and investors with analytics, research tools, and other scalable data to ensure they consistently make intelligent and informed decisions when seeking to add digital assets to their portfolios. Level Field Joins Hands with Crypto Quote The crypto space is not doing well as of late....

There’s some good news about bitcoin mining in the sense that recent reports suggest the process is utilizing far less energy than it has in the past. However, it appears the numbers have only gone down somewhat, and the world of crypto mining is still wreaking havoc on energy supplies everywhere. Mining Is Coming to a Standstill It has widely been reported that bitcoin and crypto mining uses more energy than some developing nations, and the incoming reports still...