Tag Archives: Bitcoin News

CoinspeakerJPMorgan Shows Hurdles Ahead for Bitcoin Miners as Halving Is Getting Closer The report highlights that the rapid growth in the Bitcoin hashrate is unlikely to continue at the same pace after the halving event. JPMorgan Shows Hurdles Ahead for Bitcoin Miners as Halving Is Getting Closer

CoinspeakerElon Musk Confirms Twitter’s Negative Cash Flow amidst 50% Plunge in Ad Revenue Insufficient earnings on Twitter suggest that the platform's advertising revenue may not have rebounded as quickly as previously anticipated. Elon Musk Confirms Twitter’s Negative Cash Flow amidst 50% Plunge in Ad Revenue

Several strategists at JPMorgan are quite bullish on bitcoin even though their boss – JP Dimon – hasn’t always been kind towards the asset. JPMorgan Document Suggests Gold-BTC Correlation In the past, Dimon has said some rather disparaging things about the world’s leading crypto asset. However, this hasn’t stopped JPMorgan from cashing in on the digital currency and publishing regular reports about its price upheavals and volatility. In a recent document, the...

Bitcoin experienced its first monthly loss of 2023 in May following several solid months of growth due to macroeconomic uncertainty. Bitcoin Had Its Worst Month of 2023 in May The world’s leading digital currency by market capitalization was about two percent lower at the end of May given that many central banks were continuing to support stronger rate hikes as inflation has still not died down in leading countries such as the United States or the United Kingdom....

The state of Texas is looking to be one of the first in the American union to regulate cryptocurrency. Texas Looks to Create New Crypto Regulation Not long ago, House Bill 1666 made its way onto the desk of Greg Abbott, the state’s governor. The bill is a nod to the FTX debacle of last year and will seek to ensure proper and safe trading environments for all residents of Texas that hold or trade digital currencies. The goal is to make sure everybody’s money steers...

As both sides of the political spectrum have waged war on America’s debt ceiling and worked hard to formulate a deal, there’s growing concern that the Treasury is going to issue more than $1 trillion in new bills. Many analysts are worried about this as they say such a move could have atrocious effects on the market. The Treasury May Hurt BTC Alex Lennard – investment director at global asset manager Ruffer – explained in an interview: Our concern is that if...

CoinspeakerBlackRock Spot Bitcoin ETF Could Unlock $30T Worth of Capital Over the past decade, the SEC has rejected as many as 30 spot Bitcoin ETF applications from firms such as Gemini, Fidelity, and WisdomTree.     BlackRock Spot Bitcoin ETF Could Unlock $30T Worth of Capital

CoinspeakerBernstein Report: MicroStrategy Could Sell Its Bitcoin Holdings if Price Drops Drastically If the price of Bitcoin rises, MicroStrategy will benefit in various ways. Conversely, if the price of Bitcoin falls drastically or even crashes, MicroStrategy may face challenges in recovering from the debt. Bernstein Report: MicroStrategy Could Sell Its Bitcoin Holdings if Price Drops Drastically

The “Tuttle Twins” – a conservative children’s cartoon series – recently featured an entire episode that discusses bitcoin and the notions of digital currency. “Tuttle Twins” Brings BTC to Children Normally, the “Tuttle Twins” is all about trying to teach children to think for themselves and develop critical skills that will help them in the modern world. Thus, it makes perfect sense that bitcoin would be a major topic of the show. As we edge deeper into a digital...

Bitcoin price is attempting a fresh increase from the $29,800 zone against the US Dollar. The price is now trading above $30,500 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $30,800 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it clears the $31,500 resistance zone. Bitcoin price is rising from $29,800 against the US Dollar. BTC might eye...