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Tag Archives: Bitcoin News

Mike Novogratz: BTC Is Bad for Payments

Mike Novogratz – a billionaire investor and former hedge fund manager – has always been there to defend bitcoin whenever it is acting crazy, but in a recent interview, he claimed that the world’s number one digital currency by market cap will never be used for payments. Mike Novogratz Says BTC Will Not Be Used for Payments This is likely going to come as a huge blow for bitcoin and crypto purists given that the asset and many of its altcoin cousins were initially set up...

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JPMorgan Doesn’t Think 2021 Will Feature Much Improvement for BTC

A new report by financial giant JPMorgan says that the price of bitcoin – which has been on a serious downfall over the past few weeks – could drop a bit further before finally stabilizing. JPMorgan Offers Fresh Helping of Gloom and Doom for BTC The currency has been experiencing its worst period since first coming to fruition approximately 12 years ago. The asset ultimately rose to about $64,000 in mid-April, the highest point it had ever reached, though at press time,...

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May 2021 was the Worst Month for Bitcoin, but Many Analysts Remain Hopeful

The last six weeks have been some of the worst bitcoin has ever experienced. Despite only being around for roughly 12 years, the world’s number one digital currency by market cap has seen its fair share of dark days and radical price changes. Last Month was the Worst Point in Time for Bitcoin Initially trading for about $64,000 per unit in mid-April, the asset hit a massive snag that late last week, saw it shed approximately $30,000 off its price. Today, the currency has...

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Canaan Creative CEO: China’s BTC Mining Ban Is the Wrong Move

In recent news, it was announced that China was initiating a crackdown on all bitcoin mining and related activity within its borders. Zhang Nangeng – the CEO of Canaan Creative, one of the largest mining companies in the world that happens to call China home – is now voicing his opposition to the move. Canaan Creative CEO Speaks Against a Mining Ban China has had a very up-and-down relationship with bitcoin and digital currencies in recent years. While the country...

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Daymak Is Building an Electric Car That Can Mine Crypto While It Charges

Daymak – a Canadian electric vehicle manufacturer – is planning a new car that will allegedly mine bitcoin and cryptocurrencies while charging. The vehicle is already set for pre-order and will be available to customers beginning in the year 2023. Daymak Is Bringing Cars and Crypto Together The new model will be known as the Avvenire Spiritus and will be able to extract new units of currencies such as bitcoin and Dogecoin, the ever-popular meme currency which has...

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Jeff Currie: BTC Is More Like Copper, Less Like Gold

Jeff Currie – the global head of commodities research at Goldman Sachs – believes that the idea of bitcoin serving as the digital form of gold is a little misguided. In fact, he claims bitcoin is more of an alternative to copper. Jeff Currie Thinks the Idea of BTC as Digital Gold Is a Little Off For many years, we have heard the argument that bitcoin is “digital gold.” That it is a hedge tool and a store of wealth like gold is and can potentially protect one’s wealth...

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Changpeng Zhao Calls Out Elon Musk Over His Alleged Double Standard Regarding Electricity for Crypto Mining

Changpeng Zhao – the CEO of Binance, arguably the largest and most popular cryptocurrency exchange by daily trading volume – has called out Elon Musk over his alleged lack of willingness to accept bitcoin payments for Tesla-based goods and services. Elon Musk Has Attracted Some Backlash from Zhao It appears Zhao has issues with Musk’s recent words regarding the mining process behind bitcoin. While Tesla was initially set to accept bitcoin as a method of payment, Musk...

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Bitcoin Price Analysis: BTC Could Rally If It Breaks $39K

Bitcoin price started trading in a range above the $34,000 zone against the US Dollar. The price is now trading below the $37,000 zone and the 55 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $37,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to start a major increase if there is a clear break above $39,000 and $40,000. Bitcoin price is attempting an upside break above...

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NFL Player Tom Brady: I Really Believe in Bitcoin

Bitcoin is continuing to suffer as of late. The world’s number one digital currency by market cap has fallen into the darkest realms of the financial space and has lost about $30,000 from its previous all-time high of roughly $64,000, which it achieved in mid-April. Nevertheless, there are many people that stand by the asset, including NFL player Tom Brady. Tom Brady Sure Likes His Crypto In a recent interview, the star quarterback – formerly of the New England Patriots...

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Convenience Store Sheetz to Permit BTC Payments for Gas and Goods

A convenience store chain known as Sheetz says that it will be working with Flexa – a digital payment network – to permit bitcoin and cryptocurrency payments at all its locations in the United States. Sheetz Says “Yes” to Crypto Payments Sheetz is a chain that operates primarily on the east coast and in the Midwest. Presently, it boasts more than 620 stores in states such as Pennsylvania, North Carolina, Ohio, and West Virginia. The currencies that people will be able to...

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