Tag Archives: Bitcoin News

Although the price of bitcoin fell recently, it has still managed to be one of the best performing financial assets of the year. The cryptocurrency has managed to have an amazing year in general, reaching all-time highs twice during the year. Over the year, the cryptocurrency first reached an all-time high during the Spring, when it was selling for almost $64,000, followed by another all-time high of Fall, with over $69,000. The cryptocurrency managed to perform better...

A man in Fayetteville, North Carolina claims to have lost his entire life savings to a cryptocurrency scam. Jaqueall Jackson had as much as $15,000 in crypto saved up but lost it all through a scam investment opportunity he learned about through Facebook. How Jaqueall Jackson Lost All His Crypto In an interview, he stated: That was my entire savings right there. I lost $15,000… I constantly kept getting messages that were getting sent down by people saying the success of...

John Reed Stark – former head of the internet enforcement team with the Securities and Exchange Commission (SEC) – believes that every business in the U.S. accepting cryptocurrency as a method of payment is likely to stop by the time 2024 begins. John Stark Believes Crypto Will Serve No Purpose in 2 Years The reasoning behind his statements has to do with new cryptocurrency reporting laws that are set to take effect after December 31, 2023. The hurdles in the new...

In 2018, Siraj Raval purchased a Tesla Model 3 electric vehicle. Today, he doesn’t just use it to get from point A to point B… He uses it to mine cryptocurrencies like bitcoin and Ethereum. You Can’t Buy a Tesla with Crypto, but You Can Use it for Mining Raval has run bitcoin mining software on the Apple Mac mini M1 computer located within the car. He has also plugged an inverter into the 12-volt power socket located within the vehicle’s center. While engaging in this...

Bitcoin price started a fresh decline from the $45,000 zone against the US Dollar. The price is now trading below $44,000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $43,800 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could start a strong upward move if there was a break above the $44,000 resistance. Bitcoin price is trading below $45,000 against the US Dollar. BTC might...

Bitcoin continues to fall. At the time of writing, the world’s number one digital asset has fallen below the $42,000 range, meaning it’s at its lowest point in months, and yet, according to some sources, this may not be a bad thing. Bitcoin Has Dropped, but There’s a Possible Good Side to This While at first, it’s perfectly natural to get completely concerned about the price of bitcoin and the direction the currency seems to be taking, it has been stated that a drop like...

Kazakhstan is experiencing civil unrest after a major internet shutdown resulted in many businesses – including crypto mining projects – unable to operate appropriately. Kazakhstan Internet Outage Results in Rioting Kazakhstan has become a new bitcoin mining hub over the past several months following the major China shutdown that occurred in the summer. China announced that to comply with new rules from Beijing designed to make the country more carbon neutral, all...

2022 has not started off well for most cryptocurrency traders. At the time of writing, bitcoin – the world’s number one digital currency by market cap – as well as many of its altcoin cousins are experiencing bearish activity that has seen them endure some of their biggest price drops in months. Bitcoin and Other Assets Are Experiencing Heavy Dips Bitcoin, for example, is presently trading for around $43,000 per unit. This is about $25,000 less than the all-time high it...

The crypto space saw unprecedented growth last year, and unfortunately, this led to a heavy surge in crypto-related crime. According to a new study conducted by blockchain analysis firm Chainalysis, illicit activity in the crypto space saw approximately $14 billion in crypto go to scam or fraudulent addresses. Chainalysis: The Amount of Crime Nearly Doubled in 2021 Compare this number with the $7.8 billion that was stolen in the year 2020. From one year to the next, the...

The town of Forsyth, Georgia is about to get a whole new cryptocurrency mining facility, but unfortunately, not all the residents are taking the news well. Forsyth, Georgia Will Be a New Crypto Haven The crypto mining industry has been great for many people. It has led to huge surges in new types of revenue, and it has also created a whole new string of jobs for tech hounds to enjoy. Sadly, the space has also garnered heavy bits of criticism from environmentalists who...