Tag Archives: Bitcoin News

Bitcoin’s price has fallen once again following news from China. The Asian country says its regulatory authorities will begin cracking down on all mining and trading activities. China Seeks to Limit Trading and Mining The country has always had a rather up and down relationship with the world’s number one digital currency by market cap. At one point, there was more bitcoin activity occurring within China’s borders than any other region. China is also home to both Bitmain...

How could bitcoin have fallen so drastically in this time? Bitcoin Has Dropped Heavily Dr. Marion Laboure – an analyst at Deutsche Bank in London – said of BTC this week: Just as a fashion faux pas can happen suddenly, we just received the proof that digital currencies can also quickly become passe. It took bitcoin a mere three months to go from trendy to tacky. In many ways, it could probably be argued that it took even less time. The world’s largest and most popular...

It looks like millennials are beginning to lose their love for bitcoin. Millennials Are Looking at Altcoins More Than BTC Up until this point, it was widely believed that millennials were big crypto fans, and to an extent, they are. It is just that their tastes are “maturing” so to speak. They are beginning to shift away from the world’s largest and most popular digital currency by market cap and they are turning their attention to Dogecoin and other competing altcoins....

Billionaire investor David Rubenstein says that crypto has crossed a line into mainstream territory, and that the likelihood of digital assets disappearing at some point in the future is slim to none. David Rubenstein: Crypto Is Here to Stay Crypto has taken the world by storm over the past year. Bitcoin, for example, is the world’s largest and most popular digital asset by market cap. Trading for approximately $9,000 per unit last May, bitcoin ultimately incurred...

Mike Novogratz – a bitcoin bull, billionaire investor and former hedge fund manager – took some time to discuss the most recent bitcoin drop, saying that it was a “liquidation event.” Novogratz: Bitcoin Will Undergo a Serious Correction The currency – which was trading at $64,000 per unit just a month ago – had fallen into the mid-$40,000 range earlier in the week following news that Elon Musk was ending all bitcoin payments through Tesla and that he was potentially...

Cathie Wood of Ark Invest believes bitcoin will reach a price of $500,000. Cathie Wood: Bitcoin Still Has a Solid Future Her words come at a rather “inopportune” time considering the world’s largest and most popular cryptocurrency by market cap has fallen by roughly 33 percent at the time of writing. Once trading for a high of around $64,000, bitcoin has fallen into oblivion and is now trading for close to $30,000 less. However, Wood is confident that the currency will...

The price of bitcoin has taken another nasty dive, and this means the currency is trading in the $30,000 range. It has now fallen close to $30,000 per unit from its April high of nearly $64,000 and exchanges like Coinbase are experiencing huge technical problems as a result. Coinbase Is Having Some Problems The price of bitcoin has been on a downward spiral for the past several weeks, and Coinbase is ultimately at the center of this story. BTC rose to its new all-time...

Jim Cramer is not too happy about how much power Elon Musk has in the crypto community. Jim Cramer Doesn’t Like How Much Power Elon Musk Has His attitude stems from recent events in which Musk was alleged to have caused a serious backtracking of bitcoin’s price. The currency had been trading for a new all-time high of nearly $64,000 throughout the month of April. However, bitcoin is now trading for just over $43,000 per unit, thereby constituting a loss of more than...

Electric car company Fisker Inc. is taking a page out of Tesla’s book and is giving a big thumbs down to the idea of bitcoin payments, claiming it will not be accepting the world’s largest and most popular cryptocurrency by market cap anytime soon for goods and services. Fisker Says “No” To BTC Tesla announced a few weeks ago that the company would be accepting bitcoin for items it produced. Customers could literally walk into a dealership then choose the car they liked...

Elon Musk and Tesla have been in the news a lot as of late, primarily for their roles in the bitcoin community. Just a few days ago, it was widely speculated that Elon Musk was potentially looking into selling all his bitcoins and that he may part ways with his stash. However, while nothing can be said for his personal crypto collection, Musk has assured his social media followers and crypto fans everywhere that Tesla has not parted with any of its digital assets. Elon...