Tag Archives: Bitcoin News

Everyone is talking about Tesla and bitcoin. While the news is more than 48 hours old, many are commenting that the latest move from the electric car company and its CEO Elon Musk is going to mark a significant time for the world’s leading digital currency by market cap.Tesla and Bitcoin Are Becoming the Perfect MatchThe currency has been making real waves for itself in the land of institutional investors, many of whom now see BTC as a hedge tool or store of wealth rather than just a...

For anyone who had doubted bitcoin in the past, now is the time to feel foolish considering the world’s number one digital currency by market cap has just incurred another major surge that sees it trading at a new all-time high of roughly $47,000.Bitcoin Just Keeps Heading HigherThis is about $5,000 more than where it was trading just 24 hours ago. The currency is experiencing another major burst after it was announced that Tesla – the electric car company owned and run by South African...

Bill Miller, a bitcoin fanatic and legendary investor, is once again plugging away at cryptocurrencies and pushing the digital agenda. On Monday, it was also announced that Miller had set up what’s known as the Miller Opportunity Trust with the Securities and Exchange Commission (SEC) to invest in the Grayscale Bitcoin Trust as a means of entering even deeper crypto territory.Bill Miller Is Working with Grayscale for Indirect BTC InvestingA filing with the SEC for Miller’s enterprise...

The recent bitcoin purchase initiated by Tesla is a big deal in many industry experts’ eyes, and what’s ironic about it is that with the purchase, the electric car company only trails MicroStrategy in terms of how much bitcoin it owns. Right now, Tesla has bought about $1.5 billion, which is a huge number on paper, but it pales in comparison with the BTC ownership of MicroStrategy, which is about $3.1 billion at the time of writing.MicroStrategy Is Still the BTC KingThe interesting thing...

Elon Musk – the South African entrepreneur behind large tech corporations such as SpaceX and Tesla – revealed that his latter company has purchased approximately $1.5 billion worth of bitcoin, the world’s most popular and powerful digital currency.Elon Musk Is at It Again with BitcoinMusk has repeatedly gone back and forth on the asset, at one time calling it as “bs as fiat” while at other times presenting it with high words of praise. Over the past week or so, the entrepreneur’s primary...

Bitcoin price rallied to a new all-time high near $48,250 against the US Dollar.The price is now consolidating above $45,500 and the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $47,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to surge above $47,000 as long as there is no break below the $45,000 support.Bitcoin price is trading nicely in a major uptrend above $45,000 against the US Dollar. BTC...

Lost or forgotten passwords to bitcoin and cryptocurrency accounts typically lead to money that cannot be accessed, and according to German prosecutors, this appears to have hindered a recent case of criminal fraud involving bitcoin mining.Lost Passwords Remain a Serious IssueAt the time of writing, law enforcement agents in Germany are holding a man – who currently remains anonymous – that has stored as many as 1,700 bitcoin units in a specific account. The big clincher is that the man...

They said it couldn’t happen again, folks, but they were clearly wrong. After scathing reports from financial giants like JPMorgan emerged claiming that bitcoin could never hit the $40,000 mark again, the asset has done just that. At the time of writing, bitcoin – the world’s number one digital currency by market cap – has shot past the $40,000 mark.Bitcoin Does What Many Felt Was ImpossibleIn late January, JPMorgan took notice of the sudden decline bitcoin was experiencing. At the time, the...

As the price of bitcoin continues to surge this week, new arguments are emerging regarding the incredible amounts of energy bitcoin mining requires.Bitcoin Mining Needs More Energy Than EverIn the past, we have all read reports of bitcoin mining needing as much energy as what’s necessary to power Sin City (aka Las Vegas, Nevada). In addition, we have also heard that countries such as Iceland now use more energy for bitcoin mining that they do to power all their residences, but how much of all...

As those of us in the crypto space realize, the world of bitcoin and digital assets has a nasty habit of attracting bad actors and financial crime. The latest scheme involves messaging service Discord and ads promoting free cryptocurrency for users.Discord Users Need to Be On the LookoutAs the old saying goes, “Nothing in life is free,” and many Discord users are learning this lesson right about now. Researchers with Kaspersky Labs have issued a warning to customers of the messaging firm,...