Tag Archives: Bitcoin News

A young man who committed suicide a few years ago left a massive bitcoin fortune worth more than $300,000 that his family cannot access. A Lot of Bitcoin That’s Inaccessible The brother of the man took to Reddit to seemingly ask bitcoin enthusiasts what his sibling’s password might be. He also asked if it was “morally wrong” to potentially garner access to the bitcoin stash, which contained as many as ten separate units. The person in question relayed the story of his...

Energy Harbor Corp. has announced that it will partner with a firm known as Standard Power over the next five years to provide carbon-free, clean energy from its nuclear sources to ensure Standard Power can mine cryptocurrencies without leaving a heavy mark on the environment. Standard Power will begin utilizing this type of electricity by the end of this year. Standard Power Seeks Green Methods of Extracting BTC Bitcoin and cryptocurrency mining has been at the center...

Bitcoin price started a fresh decline after it failed to surpass $35,000 against the US Dollar. The price is now trading well below the $34,250 zone and the 55 simple moving average (4-hours). There is a major declining channel forming with resistance near $34,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to continue lower towards the $30,000 support zone in the near term. Bitcoin price is slowly moving lower below $33,000...

Approximately 40,000 bitcoin units held within the Grayscale Bitcoin Trust are about to be unlocked, and many are wondering what this news will mean for the cryptocurrency industry. Grayscale May Lose a Hefty Stash Grayscale has a unique method of operation. Institutional investors who choose to do business with the firm can buy into the enterprise directly, meaning they must hold their shares for a minimum of six months before they are permitted to sell. As it turns...

Is bitcoin about to stage a comeback? This is the sentiment of a few financial analysts out there, who claim that technical indicators suggest the currency may head north from here. Bitcoin May Be Heading Towards Greener Territory Financial and crypto reporter Omkar Godbole recently wrote about one specific tech indicator pertaining to bitcoin and its present market conditions. He explained: Bollinger bandwidth, a measure of volatility calculated by dividing the spread...

The largest cryptocurrency ransomware attack has been added to the books. Russian hacking group REvil has allegedly encrypted the data of more than 1,000 firms and companies in nations such as the United States, Sweden, and New Zealand. To release the data, the organization is requesting more than $70 million in bitcoin. REvil Is Going After Other Countries’ Infrastructures Situations like these have grown relatively common in recent days, with another big example having...

Oscar-winning screenwriter and director Spike Lee – famous for films like “Malcolm X” – is getting involved in the cryptocurrency scene. New Coin Cloud Commercials Will Feature Spike Lee Lee has agreed to appear in a series of commercials for digital currency kiosk company Coin Cloud, which allow users to purchase virtual assets such as bitcoin. Lee says he has learned his lesson about not getting involved in speculative or new industries given that he had an opportunity...

Bitcoin and the cryptocurrency space have fallen hard in recent weeks, but according to Oppenheimer analyst Owen Lau, these moves should not be affecting Coinbase stock, and the exchange’s public listing does not deserve to get swept under the bus. Coinbase Should Not Be Associated with BTC’s Drops Coinbase made its public debut on the Nasdaq in mid-April. At first, things started out great. Stock shares in the exchange began at more than $300 each, while bitcoin...

Bitcoin has been tanking hard as of late, but according to financial analyst Michael Wu, this presents several benefits that investors are not seeing. Michael Wu: Institutions May Get Involved Again if BTC Falls Further In recent months, bitcoin hit its highest position yet and was trading for approximately $64,000 per unit. This feat was accomplished in mid-April, though since then, the currency has fallen and lost about half that value, marking one of the biggest drops...

Coinstar customers in Connecticut now have the option of purchasing bitcoin and other cryptocurrencies. Coinstar Is Bringing Bitcoin to the Masses Typically, those big green machines one sees in the corners of supermarkets and grocery stores allow a person to bring in all their loose change and trade it for paper bills. Now, however, these machines are permitting customers to exchange those coins for digital currencies, suggesting just how big and popular the space has...