Tag Archives: Bitcoin News

Now that 2023 has arrived, bitcoin has found fresh ground following the ongoing banking crisis that has led to the closure of institutions like Silvergate, Silicon Valley Bank, and Signature. Bitcoin Could Do Even Better Many analysts and crypto industry heads believe this banking crisis is going to continue now that Deutsche Bank is at the helm of controversy, and with heavy regulatory issues in play, bitcoin – they believe – could be poised for a solid breakout in the...

A new platform known as DWP Bank in Europe has been unveiled. Its purpose? To give roughly 1,200 banks in Germany access to bitcoin and digital currencies. Germany and Crypto Will Soon Go Hand in Hand The banking crisis that’s affecting America at the time of writing is not just happening in the U.S. it’s spread 3,000 miles across the Atlantic and is also causing problems for Europe. Look, for example, at Credit Suisse. The enterprise was in serious trouble until UBS...

Bitcoin price started a fresh decline from the $30,000 zone against the US Dollar. The price is now trading below $29,500 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $29,200 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could extend its decline toward the $27,000 and $26,000 levels. Bitcoin price is declining below $29,500 against the US Dollar. BTC might extend losses if it...

The banking sector of Africa is worth $86 million at the time of writing, and bitcoin and other cryptocurrencies are expected to disrupt the industry like no other technologies can. Africa Could Be Completely Changed Thanks to Bitcoin Mike Brock – CEO of TBD at Block, a financial company run by Jack Dorsey – says one of the big ways that bitcoin can help Africa is that it can be used to ultimately move money around regardless of the present state of the economy. He...

Despite a relatively broad history with cryptocurrencies and digital assets, graphics card manufacturer Nvidia has come out to say that crypto has no purpose in society. Nvidia Doesn’t Think Crypto Has Much to It In a recent interview, the company’s chief technology officer Micheal Kagan commented that the graphics cards Nvidia creates should be utilized for activities other than simply mining crypto. He suggested using them to power AI-based technologies like Chat GPT....

Just a day ago, we talked about how Coinbase was served a Wells notice by the Securities and Exchange Commission (SEC). The situation is scary given that Coinbase has met with the SEC over 30 times in recent years, and thus the exchange really doesn’t appear to be in a position of any wrongdoing. The situation just comes off as more evidence that Biden and his nation and innovation-hating cronies will do anything to ensure crypto dies in America and that residents cannot...

Jim Cramer – the famed host of “Mad Money” on CNBC – has commented that bitcoin has no real use case, and he thinks the biggest digital currency by market cap will dry up faster than a riverbed. Jim Cramer Thinks BTC Won’t Last Long Is he right? His words come during a time when bitcoin appears to be picking up steam. The currency was depleted of all its resources and energy during 2022, which is arguably the most bearish year on record for bitcoin. During that time, the...

Bitcoin gained traction not too long ago even though the Federal Reserve announced it was hiking rates another 0.25 basis points. Bitcoin Remains Strong This is proof that many people have restored their faith in the world’s number one digital currency by market cap and are shirking both Federal Reserve and banking concerns to the side. The American economy and the banking crisis the country is enduring at the time of writing would likely cause many standard traders and...

Federal agents have arrested Charles Riley Constant, an owner of digital currency ATMs under the Coindawg name. At the time of writing, he has been charged with money laundering, and he’s been accused of stealing COVID pandemic-based loans and converting them to BTC and other forms of crypto to hide them from prying eyes. Charles Constant Is Facing Money Laundering Charges Money laundering has long been a serious problem in the crypto space. As of late, we have received...

Bitcoin has shown the world just how resilient it can be. Not long ago, the Federal Reserve decided to raise interest rates by another 0.25 basis points. Under normal circumstances, the price of bitcoin would fall, and this time around was no exception as the world’s number one digital currency by market cap dropped from $28K to $26K. Bitcoin Is Still Alive and Kicking However, things didn’t stay there long, and just a day or so later, BTC was back at $28,000 per unit,...