Tag Archives: Bitcoin News

Over the past few days, bitcoin has suffered somewhat, dropping in price from about $63,000 – the currency’s latest all-time high – to about $55,000 at press time. While many analysts believe that the currency has slipped due to exhaustion from the Coinbase listing on the Nasdaq, others feel differently, and point to other factors that may have contributed to the drop. Bitcoin May Have Fallen Due to a Power Outage Bitcoin has fallen by close to 20 percent over the past...

Does anybody even read TIME Magazine anymore? Who knows? But the magazine seems to believe it can boost readership by pairing up with Crypto.com to ensure that subscribers can pay for their subscriptions with digital currency in the future. TIME is Partnering with Crypto.com The idea of using cryptocurrencies to pay for items has always been a goal of bitcoin’s creators. Those behind the development of digital currencies had always pictured digital assets as payment...

China has had a very up-and-down relationship with bitcoin. The nation has often been rather harsh with the world’s number one digital currency by market cap, and yet in many ways, it holds a large stake in the digital currency market. Much of the world’s bitcoin mining operations stem from China; it houses the two biggest distributors of mining equipment in both Bitmain and Canaan Creative, and it was once one of the world’s largest purchasers of BTC. China Now Seems to...

The price of bitcoin has taken a horrible turn. The world’s number one digital currency by market cap – after reaching a new all-time high last week following Coinbase’s debut on the Nasdaq – has dropped roughly $8,000 in just a matter of days that has brought the asset down to roughly $55,000 per unit at the time of writing. It was recently trading as high as $63,000. Bitcoin Falls Following an End to Coinbase Hype In addition to bitcoin, other major altcoins including...

Bitcoin has taken a turn for the worse. Following news of Coinbase going public on the Nasdaq last week, the world’s number one digital currency by market cap rose to nearly $64,000 per unit, though at press time, it has knocked roughly $8,000 off its price. Bitcoin Has Taken a Nasty Fall At first glance, this looks like a standard correction. We have all seen instances like this in the past. When bitcoin spikes to new highs rather suddenly, it becomes obvious over a few...

Bitcoin has been doing extremely well as of late. Not too long ago, the world’s number one digital currency by market cap reached a new all-time high of approximately $63,000 per unit, though according to some – such as Mark Cuban, the billionaire owner of the Dallas Mavericks basketball team – we have only hit the tip of the iceberg, and the price of bitcoin is going to get much bigger. Mark Cuban: BTC Will Be a Much Bigger Asset BTC has struck new heights over the past...

It looks like the trend of bitcoin being used as a method of payment is being taken to new heights. Now that companies like Tesla and PayPal are permitting bitcoin payments for goods and services, several additional companies around the world – both large and small – are allowing BTC payments as well. Bitcoin Is Now the Hot Method of Payment One of the enterprises saying “yes” to bitcoin payments is the Bobby Hotel. Based in Nashville, Tennessee, it is the first hotel in...

Does the name Olaf Carlson-Wee sound familiar? If not, it really should. He was the first-ever employee at Coinbase, and he has got an interesting story behind his employment with one of the world’s largest and most popular cryptocurrency exchanges in the western hemisphere. Olaf Carlson-Wee Details How He Got Hired at Coinbase Now the founder of a large cryptocurrency hedge fund, Olaf got his start in the crypto space as an employee of Coinbase. He did not necessarily...

It looks like Galaxy Digital – the hedge fund hosted by Mike Novogratz, a bitcoin fan and billionaire investor – has taken some new talent aboard. Michael Daffey – a former executive with the Goldman Sachs Group – is joining Galaxy Digital as its new chairman. He is also replacing Mike Novogratz in this role, who will remain with the company as its chief executive. Galaxy Digital Is Saying “Hello” to a Fresh Face The move presents another major step towards the blending...

The great desire for bitcoin mining to run on clean energy has taken an unexpected turn. While many people still demand this for the future, it looks like renewable energy is not as common as it once was. In fact, the Nordic region – which includes countries like Iceland and Norway – has become a staple area for this kind of energy, and yet it appears to be running dry. Bitcoin Mining Needs Clean Energy, but Supplies Seem Limited For the past few months, as bitcoin has...