Tag Archives: Bitcoin News

Bitcoin price started a major decline below the $43,000 support against the US Dollar. The price is now trading below $43,000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $43,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair must settle above $43,000 to start a steady increase in the near term. Bitcoin price is recovering higher above $42,000 against the US Dollar. BTC could...

Bitcoin is going through another hard time now that China has fully banned it. It’s not like bitcoin has been faced with harsh conditions in the past, but the one thing we can all agree to is that BTC tends to recover every time it deals with opposition. This has been noticed by analysts such as Dennis Lynch of Morgan Stanley, who recently likened BTC to the character of Kenny on “South Park.” Dennis Lynch Likens BTC to Kenny of “South Park” For those of us who have seen...

Bitcoin has been handed a major blow today, and again, it’s all thanks to China. As if it’s not bad enough that the country has sought to destroy the mining presence within its borders, regulators have now deemed all crypto activity – this includes transactions – illegal, and now it’s not just miners that aren’t welcome in China. Rather, no digital currency has any space in the country. China Says “No” to BTC China has long had a very complicated relationship with...

Port Aventura, a world resort, is currently developing software that will allow its customers to pay for rooms and other vacation-related expenses with digital currencies. Presently, the company boasts several theme parks in Europe along with six hotels that contain approximately 2,300 total rooms. Port Aventura Gives a Greenlight to BTC Payments The software is set to be released in early 2022 and will be installed in every hotel hosted by Port Aventura. From there, the...

Visitors of the Bitcoin.org website recently fell victim to a scam that promised to double their money. Bitcoin.org Was the Recent Host of a Crypto Scam Issues like these are prevalent in the cryptocurrency space, but at this point, it should become rather obvious that anyone (or anything) promising to double one’s money is not a forthright venture. Why would a company simply double your money for the heck of it? Nobody’s that nice or giving, and the maneuver should be a...

As president of the basketball team the Philadelphia 76ers, Chis Heck discovered cryptocurrency during the coronavirus pandemic. He saw that literally tens of thousands of Americans are involved in the digital trading space, and he also discovered a string of non-fungible tokens (NFTs) that are centered around the game of basketball. The 76ers are Heading Into Crypto Territory It was at this moment that he knew he had to get himself – and his team – involved somehow....

It appears that the cryptocurrency space is so eager to gain trust that it’s willing to do anything to push itself into mainstream territory. This includes spending loads of money to get celebrities to take part in their advertisements. Celebrities Are Becoming Crypto Ambassadors More Often Cuy Sheffield – head of crypto for credit card giant Visa – said in a recent interview that crypto isn’t that much different from how the internet appeared and operated in the early...

Teenagers in India are becoming the world’s newest cryptocurrency fans. India Has Had a Weird Relationship with Crypto India has had a very up and down relationship with digital currency. In the year 2018, for example, the nation’s central bank decided that crypto companies could not get access to bank accounts, and that standard financial institutions would not be permitted to work with any firm that delved in bitcoin or blockchain technology. After two years, however,...

Well, here’s something that’s likely to anger a few environmentalists in the coming weeks. A new report issued by the New York Digital Investment Group (NYDIG) says that bitcoin and crypto mining are only likely to contribute to about 0.9 percent of global carbon emissions in the coming future. Crypto Mining Isn’t That Bad, According to New Report The topic of crypto mining has been a controversial one. Over the past several months, many high-ranking individuals with...

Budapest – the capital of Hungary – has recently unveiled a new bronze bust of Satoshi Nakamoto, the alleged pseudonymous creator of bitcoin, the world’s number one digital currency by market cap. Satoshi Nakamoto Will Always Be Remembered For the most part, the bust is rather faceless and expressionless. This was done on purpose according to the statue’s designers Gergely Reka and Tamas Gilly. They mention on a website discussing the work: We do not know the gender,...