Tag Archives: Bitcoin News

After what has arguably been one of the strongest runs in years, bitcoin – the world’s number one digital currency by market cap – has taken a serious turn for the worse and fallen below the $30,000 mark. At the time of writing, the currency is trading for approximately $29,500. Bitcoin Falls Below $30K Between April of 2020 and April of 2021, the digital currency marked a new point in trading. Bitcoin started out trading in the $6,000 range after briefly falling below...

Elon Musk – the South African entrepreneur behind billion-dollar companies such as Tesla and SpaceX – and Jesse Powell – the CEO of popular cryptocurrency exchange Kraken – are duking it out on Twitter, and the bitcoin price is taking it hard. Elon Musk and Jesse Powell Go Head to Head The fight began when Powell called out Musk over recent comments regarding the bitcoin mining process. Elon Musk had originally stated a few months ago that he would permit bitcoin...

Bitcoin has been hit hard over the past two months. Despite trading at a new all-time high of roughly $64,000 per unit in mid-April, the currency has tanked and is currently trading for around $35,000, knocking nearly $30K off its price from two months ago. For some investors, however, the present circumstances are no big deal, and they are continuing to see their bitcoin earnings grow. One of these investors is Adam Traidman, the CEO and co-founder of the popular crypto...

Bitcoin price extended its decline below the $30,000 support and tested $28,800 against the US Dollar. The price is now trading below the $35,000 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $34,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair must clear the trend line and $34,500 to move into a positive zone in the near term. Bitcoin price is recovering higher above...

With Ethereum continuing to show a lot of gall and hutzpah during this current bear market, many are wondering if the asset will eventually become the world’s most powerful cryptocurrency by market cap. As always, bitcoin is still in the number one spot, but Ethereum is continuing to show heavy promise, and Wall Street along with several retail players are experiencing more interest in the asset. Ethereum Is Gaining Serious Momentum Ethereum is the second largest...

Chicago is building itself up as a leader in the world of blockchain and crypto. The region already hosts a bitcoin ATM operator and a crypto mining facility and is looking to add a whole lot more to the mix. Chicago Is Becoming a Real Crypto Hub David Carman is a fintech consultant and board member with Global DCA, a crypto industry association in Chicago. He says that over the years, people within the city have grown to love digital assets, and the market itself is...

A professor at Cornell University believes that bitcoin can never accomplish all it has set out to do unless it manages to get past three big hindrances. According to Eswar Prasad, professor of economics at the educational institution, bitcoin still suffers from several flaws that are preventing it from being stronger than many of its altcoin cousins. Eswar Prasad: BTC Still Has a Way to Go In an interview, Prasad points to the idea that bitcoin mining is extremely...

Francis Suarez, the mayor of Miami, says he is now looking to open his city to all the Chinese bitcoin miners that are getting kicked out of their country. Francis Suarez Opens His City to Chinese BTC Miners China has recently stated that it will be banning all crypto mining operations. Beijing has given these companies approximately two months to leave, and many are looking for a new home to set up their mining equipment. While some analysts have said that Texas will be...

Bitcoin has always had support from billionaire investor and former hedge fund manager Mike Novogratz. However, in a recent interview, he seemed to hint that the currency does not have any value all by itself like standard fiat. Rather, it is valuable simply because the people who use it and invest in it say it is. Mike Novogratz on What Gives BTC Value During his discussion, Novogratz said that bitcoin primarily has value thanks to the community it has established. He...

Not too long ago, El Salvador announced that it would make bitcoin legal tender. Thus, the Central American nation became the first to permit bitcoin’s full use as a currency. However, now it looks like the country’s plans have hit a snag as the World Bank is saying it will reject El Salvador’s request. The World Bank Will Not Help El Salvador To be fair, El Salvador does not necessarily need permission from the World Bank to implement bitcoin’s status as a payment...