Tag Archives: Bitcoin News

The prices of bitcoin and several leading altcoins have spiked over the past few days following an announcement from Jerome Powell – the chairman of the Federal Reserve – that the United States has no intention of banning crypto use. Bitcoin Is Doing Better Now That America Gives the Greenlight Several traders throughout America are likely breathing a heavy sigh of relief given that China has worked heavily to remove bitcoin from its turf, first by banning all miners and...

El Salvador is now using energy from nearby volcanoes to mine bitcoin. El Salvador Is Putting Local Volcanoes to Good Use President Nayib Bukele announced late last week that his country had minted what he called the first volcano-powered bitcoin unit. He also posted a video of bitcoin rigs being set up at a geothermal crypto mining operation stationed in a forest which happened to be near a volcano. Thus far, El Salvador has only managed to extract roughly $280 in BTC...

The Securities and Exchange Commission (SEC) is once again delaying its decision-making process regarding new bitcoin-based exchange-traded fund (ETF) applications. The SEC Cannot Seem to Make a Decision for Anything This has been going on for years now. The SEC does not seem capable of making a choice regarding such a product. It just delays, delays, and delays some more, and right when you think a final decision is going to be made, the agency puts things off again....

Bitcoin price started a fresh increase above the $45,000 resistance against the US Dollar. The price is now trading above $50,000 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $43,100 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is showing positive signs and it could continue to rise above the $52,000 level. Bitcoin price is gaining pace above $50,000 against the US...

Here’s some good news, folks. Bitcoin has shot up by more than ten percent at press time! The world’s number one digital currency is now trading for just shy of $48,000, the highest it’s been in weeks. Bitcoin Is Really Starting to Move Up The currency has had a rock-and-roll run throughout 2020 and 2021 both. In 2020, the currency fell briefly below the $4,000 per unit line. This was just as the coronavirus pandemic began permeating global economies everywhere. During...

Orlando Bravo – a billionaire private equity investor – is going nuts for bitcoin, and revealed in a recent interview that he owns quite a bit of the world’s number one digital currency by market cap. He commented that in the long run, institutions are only just beginning to warm up to the asset, and he’s confident things can only explode upwards from here. Orlando Bravo Seems to Love Bitcoin He asked his listeners confidently: How could you not love crypto? Recently...

Billionaire investor Chamath Palihapitiya recently stated in an interview that he has put hundreds of millions of dollars into bitcoin, the world’s leading digital currency by market cap. He also stated that he doesn’t think governments will be able to impose a “blanket ban” on cryptocurrencies, clearly a reaction to China’s latest maneuvers. Chamath Palihapitiya On Where BTC Will Be in the Future Not long ago, Palihapitiya was asked to comment on verbiage delivered by...

bant.io – a B2B lead generation and sales acceleration firm – has announced in a statement that it will begin accepting cryptocurrency payments for its services beginning in quarter four of 2021. bant.io Is Allowing Customers to Pay with Crypto The idea of accepting crypto as a means of payment has been a controversial and scary one for several individuals and businesses. Initially, bitcoin and other forms of crypto were designed to push items like checks, fiat...

Hatten Land Ltd in Singapore has joined hands with Frontier Digital Asset Management Pte Ltd. The companies will now work together to manage more than 1,000 crypto mining rigs operating within Hatten Group properties based in Malaysia. Hatten Land Is Revamping Its Mining Projects Beginning in the fourth quarter of 2021, Hatten says that several new digital currency mining rigs will be installed between the two companies. Frontier also operates approximately 700 separate...

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...