Tag Archives: Bitcoin News

Gideon Powell – the chief executive of Texas-based petroleum company Cholla Inc. – thinks bitcoin miners are revolutionary people that are bringing new levels of innovation to the U.S. Gideon Powell on What Makes BTC Miners Important In an interview, he said: Thinking about this from a capability standpoint, the ‘compute cowboys’ are unlocking new power markets for data centers and thinking about the future of industrial manufacturing. It’s all in its infancy....

The decision by the FASB to allow fair-value accounting for digital assets is a huge step forward for companies like MicroStrategy. Software developer MicroStrategy Inc (NASDAQ: MSTR) is set to report its Bitcoin (BTC) holdings quarterly without recognizing impairment losses in case of crypto price declines during the reporting period. This development comes as a result of the Financial Accounting Standards Board (FASB) approving new guidelines. Berenberg, a respected investment bank, has...

Rob Nelson – the anchor of Roundtable – recently hosted a discussion regarding the future of bitcoin and how it can help the world’s poor population. Bitcoin Can Do a Lot for Unbanked People The discussion took place in Miami and featured renowned BTC and crypto figures like Evilio Medina, the president of the Downtown Miami Chamber of Congress. The goal of bitcoin has always been to enable democracy in the world of finance. As things have turned out over the...

Presidential hopeful and crypto fan Robert Kennedy Jr. said that following the Bitcoin Conference in Miami this year (during which he gave a speech), he purchased 14 bitcoin units, two for each of his seven children. Robert Kennedy Purchases BTC for His Children In a recent interview, Kennedy mentioned: Right after the Bitcoin Conference, I decided to put my money where my mouth is and bought two bitcoins for each of my seven children. During the time that they...

Robert F. Kennedy Jr. – a presidential hopeful and known bitcoin fan – has serious qualms with how the Freedom Convoy was treated last year in Canada. Robert Kennedy on the Freedom Convoy Last Year The Freedom Convoy was comprised of truckers who were protesting the region’s sudden pro-COVID vaccine laws. The idea was that to work as a trucker, one now had to be injected with a vaccine that hadn’t been fully proven and was swirling with controversy. As a result,...

Several residents of El Salvador are now completing a free-of-charge training program called Cubo+ designed to ensure they have all the bitcoin knowledge they need to handle future transactions and what will likely be the way their nation does payments and transactions from here on out. El Salvador Unveils Cubo+ BTC Program El Salvador is a revolutionary country in that it was the first to declare bitcoin legal tender in September of 2021. Up until that point,...

Bitcoin price started a fresh decline below the $26,800 level against the US Dollar. The price is now trading below $26,500 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $26,750 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could extend its decline toward the $24,500 and $24,000 levels. Bitcoin price is declining below $27,000 against the US Dollar. BTC might extend losses...

Not long ago, democratic hopeful Robert F. Kennedy Jr. proposed backing the U.S. dollar with bitcoin. He also promised to do away with capital gains taxes should he win the White House next year. Kennedy Has Big Crypto Ideas There are several analysts, however, that say his plans regarding USD and bitcoin are not possible. Not only that, but they also claim that his plans would do heavy damage to the U.S. economy and cause insurmountable problems. At a recent...

Hayes believes that it may take the market another six to 12 months to fully respond to the bull run. BitMEX co-founder and former CEO Arthur Hayes has shared an eye-opener about Bitcoin (BTC) that may have flown over the heads of many industry participants. According to him, BTC has been on a bull run for about six months or so. However, the market is yet to react, he added. Arthur Hayes Says Market Will Soon Respond to BTC Bull Run Sharing his thoughts in a keynote speech at the Korea...

Could bitcoin, the world’s number one digital currency by market cap, reach a whopping price of about $180,000 before the end of next year? According to representatives of financial agency Fundstrat, the answer is a resounding “yes.” Fundstrat Predicts Big Things for Bitcoin Fundstrat is a company that’s headed by the effervescent Tom Lee, who’s known for making large and wild predictions about where the price of bitcoin will be in the coming future. While he...