Tag Archives: Bitcoin News

China has pretty much gotten rid of all bitcoin miners. It has steamrolled through all the operations stationed within its borders and the industry is virtually dead in the nation. China and Its Negative Attitude Towards Crypto At first glance, it seems like bitcoin would have steadied by now, though it appears the currency is sliding even further. The asset is trading for about $30,000 even – less than half of what it was in April. Yet, despite how much bitcoin is...

Bitcoin price started a fresh decline after it failed to surpass $32,000 against the US Dollar. The price is now trading well below the $32,000 zone and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $30,900 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair might correct higher, but it is likely to face sellers near the $30,900 zone in the near term. Bitcoin price is slowly gaining bearish...

PayPal – arguably the largest digital payment platform in the world – has some good news for crypto holders. The company announced that it was upping its weekly crypto spending limit to approximately $100,000. The firm has stated that it is also doing away with its annual $50,000 limit. PayPal Customers Can Now Buy Six-Figures Worth of Crypto Prior to this move, PayPal customers could only purchase as much as $20,000 in crypto every seven days. Now, it looks like that...

Some analysts think that the price volatility that has been plaguing bitcoin over the past few months is about to get a whole lot crazier. The Bitcoin Volatility Is About to Get Bigger In mid-April of this year, bitcoin – the world’s number one digital currency by market cap – hit a new all-time high of approximately $64,000 per unit. Everyone thought that the currency was untouchable and that things were likely to keep heading north. Unfortunately, this has not been the...

Not too long ago, Jackson Palmer – the co-creator of the popular meme currency Dogecoin – issued a series of attacks on the cryptocurrency space, calling it inherently “right wing” and an arena that has allowed a bunch of people to build their wealth through “tax avoidance, diminished regulatory oversight and artificially enforced scarcity.” It looks like Brian Armstrong – the CEO of Coinbase, one of the largest crypto exchanges in the world – is not taking these words...

Guillaume Pousaz has become one of the biggest fintech leaders in the world. As the founder of Checkout.com, Pousaz initially sought the investment banker route, but later dropped out of college to pursue surfing in California full time. Guillaume Pousaz: Crypto Adoption Is Still Somewhat Low When things on the ocean did not quite pan out the way he had hoped, Pousaz got a job at International Payment Consultants and then left to create his own digital startup. This...

With China suddenly exiting the bitcoin mining space, it looks like many other companies in regions such as Canada are beginning to take over. China Is Saying “Good Bye” to BTC Mining China has been adamant about ending its bitcoin mining presence over the past few weeks. Beijing recently issued a notice to all mining companies that to become a greener nation, all crypto extraction projects would no longer be allowed within the country’s borders. Thus, if they wished to...

Federal Reserve Chairman Jerome Powell took the stand to discuss bitcoin and other cryptocurrencies with the U.S. Financial Services Committee. He stated to the panel that if the United States had its own digital currency in play, bitcoin would serve no purpose and would ultimately disappear. Jerome Powell Doesn’t Appear Against the Idea of a National Digital Currency Powell explained: One of the arguments that are offered in favor of a digital currency: you would not...

The Federal Bureau of Investigation (FBI) has issued a serious warning against cryptocurrencies like bitcoin and has told individuals not to get involved unless they are fully aware of the risks. The FBI Is Warning Against Crypto Use The bitcoin and cryptocurrency space has attracted a huge wave of malicious cyberactivity over the past year. Bitcoin and several other digital assets have seemingly shot up in price, and while things may not be looking stellar at press...

It does not always look like football and bitcoin would go together, but today, we are being given another example of how they do in the form of New York Giants running back Saquon Barkley, who has agreed to a deal that will give him all his marketing money in bitcoin. Saquon Barkley Is Now a Bitcoin Devotee Barkley has become a major crypto fan over the years. So much so, that he is now willing to accept all the money from his recent endorsement deals in the world’s...