Tag Archives: Bitcoin News

Elon Musk – the South African billionaire and entrepreneur behind mega companies like Tesla and SpaceX – believes that crypto regulation should not exist and that governments should just mind their own business. Elon Musk Doesn’t Care for Governments Getting Involved in Crypto Musk is echoing the age-old argument that digital currencies are designed to be decentralized assets. They are not meant to be overseen by banks or standard financial institutions. Third parties...

Two U.S. Senators – Maggie Hassan, a democrat from New Hampshire and Joni Ernst, a Republican from Iowa – have introduced a new bill that would allow regulators in the country to examine the behaviors of miners both within the nation and abroad. Maggie Hassan Wants to Know What’s Happening in the Mining World The new bill asks that the Treasury Department look at how nations today are using the crypto they mine. It also asks that they examine how much cryptocurrency has...

Bit Pay and Verifone are partnering up to allow the latter’s customers to pay for goods and services with digital currencies, thereby bringing the initial goals of bitcoin and its crypto cousins closer to reality. Bit Pay Is Looking to Push the BTC Agenda Forward Initially, bitcoin and many of its counterparts were established to be payment methods. One could use them to purchase things they needed, and they could eventually push the checks, fiat currencies and credit...

Not long ago, a crypto expert by the name of Virgil Griffith caused a stir when he attended a blockchain conference in North Korea – a country sanctioned by the United States – and offered a seminar on how blockchain could potentially be used to hide transactions and avoid financial prying from the West. Virgil Griffith Will Be Sentenced Soon The conference took place in 2019. Now, Griffith is facing the tune of his actions and has pled guilty to helping North Korea...

Twitter is unveiling a new “bitcoin pay” option that will allow as many as 330 million active users to send BTC funds between each other. Twitter Will Allow Users to Exchange Bitcoin with Each Other The company is going to harness the power of the Lightning Network to initiate this feat. The Network has garnered a solid reputation in recent years thanks to its ability to take payments and transactions off-chain. Many smaller bitcoin transactions are bogging down the...

State like Texas and Kentucky are really starting to benefit from the growing crypto mining space and the mass China exodus. Not too long ago, China decided that it was time to remove all digital currency miners from its territory, and many sought to establish new businesses in these regions thanks to the states’ incentives and cheap electricity. Texas and Kentucky Are Becoming Head Honchos in the World of BTC Mining The arguments surrounding crypto mining have been...

Bitcoin is recuperating from the recent losses it incurred thanks to China. The nation has become the biggest as of late to rock the crypto world by ending all bitcoin transactions and declaring the digital currency and all its counterparts illegal. Bitcoin Is Headed for the Stars However, it looks like bitcoin has survived the aftermath and after falling to about $42,000 per unit, the currency is trading once again above $43K. In addition, smaller coins – such as...

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...