Tag Archives: Bitcoin News

The price of bitcoin has jumped to its highest point this year and is currently trading for more than $47,000 per unit. The currency is beginning to show signs of life once again as the asset has surged by nearly $3,000 in just the past day. Bitcoin Is Beginning to Explode Again Bitcoin has had a rocky start to 2022. The world’s number one digital currency by market cap spent the first three months of the year meandering between the mid-$30,000 and the low $40,000 ranges...

ExxonMobil – one of the biggest gas and diesel providers in the United States – is taking a page out of the ConocoPhillips book and is looking to mine bitcoin in North Dakota. ExxonMobil Seeks to Use Natural Gas to Mine BTC This is a testament to how big crypto mining has become in America. Not long ago, ConocoPhillips – a major provider of gas and oil – announced that it would be selling excess energy to mine the world’s number one digital currency by market cap. Now,...

Mark Gordon – the governor of Wyoming, which has earned a reputation for being a very crypto friendly state – has used his powers to veto new bills centering around the trading and usage of crypto. Mark Gordon Says “No” to Crypto Legislation Two of the bills that Gordon has opposed stemmed from the Select Committee on Blockchain, Financial Technology, and Digital Innovation Technology. The organization has been at the center of several crypto-related issues over the past...

Bitcoin price started a fresh increase from the $42,000 zone against the US Dollar. The price is now trading above $45,000 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $46,400 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair must clear $48,000 and then $48,200 to start another increase in the near term. Bitcoin price is eyeing an upside break above the $48,000 resistance against the US...

Larry Fink, the CEO of BlackRock – one of the biggest financial and investing platforms in the world – has dropped hints that he will potentially support bitcoin and cryptocurrencies in the coming future. Larry Fink Goes from Crypto Hate to Crypto Interest This is big news considering Fink has often spoken ill of digital assets in the past. At the time of writing, BlackRock oversees the management of approximately $10 trillion in assorted monies and assets, and it’s...

The economy in Russia isn’t doing too well. Not long ago, the ruble – the national currency of Russia – experienced a massive drop that saw many people turning to crypto as a means of keeping their wealth stable and steady during this ongoing time of economic strife. In addition, it was suggested that crypto was likely going to be a tool in Russia for avoiding U.S. sanctions. Russia Seeks to Trade Oil for Crypto Thus, it looks like digital assets have become prime...

It looks like Bitcoin City – a project set to come to fruition in El Salvador – is encountering a few problems. While it’s unclear if plans for the city are on hold, many officials believe that President Nayib Bukele will not be able to fulfill his promises. Bitcoin City Is Garnering Mixed Reactions Bitcoin City was announced some time ago as part of the country’s ongoing bitcoin initiative, which ultimately began in September of 2021. Thus, it can be said that bitcoin...

A man has been charged with bitcoin money laundering crimes in the state of New York. Thomas Spieker – a former party producer – worked with several illicit and dark web clients, many of whom were hackers, drug pushers, and mobsters to hide their illicit gains through cryptocurrency. Thomas Spieker Charged with Crypto Money Laundering It is believed that Spieker laundered as much as $2.3 million worth of bitcoin, the world’s number one digital currency, for several...

Fadey – a 20-year-old refugee from Ukraine – discussed in a recent interview how he escaped his native country with only $2,000 worth of cryptocurrency on a USB port. Fadey Believes Bitcoin Helped Him Big Time Fadey woke up one morning several weeks ago to discover the sad news that his country had been invaded by Russia. He realized that the stakes were too high and that he needed to leave fast, as being 20 years old, he was facing conscription and time in the military....

The National Football League (NFL) is allowing teams associated with the organization to explore limited partnerships with crypto and blockchain companies given how strong, large, and popular the industry is becoming as of late. The NFL and Crypto Are Forming a Stronger Partnership While football clubs will continue to be banned from “directly promoting crypto” according to a recent memo issued by the NFL, professional teams will be able to engage in sponsorship programs...