Tag Archives: Bitcoin News

Elon Musk is pushing bitcoin and other digital currencies in the midst of the U.S. banking crisis and recently posted a tweet in which he makes fun of criminal-in-chief Joe Biden. Elon Musk Takes Issue with Biden Not long ago, the phony president of the United States issued comments on social media talking about his administration’s climate change achievements. This is the first sign that something is wrong. The banks are failing, the economy is in shambles, people are...

Texas became a serious crypto mining hub about two years ago, and it looks like things are set to stay this way for some time. Despite a wide array of headwinds and problems the industry has been facing, Texas crypto mining has remained quite steady, and the Lone Star State is still being sought out by new companies and facilities. Texas Is Still the High-Ranking Crypto Mining Official Texas became a serious region for crypto mining beginning in the summer of 2021. The...

With bitcoin trading for just over $28,000 per unit at the time of this writing, it really looks like the many elements that brought BTC down in 2022 may be behind us, and several analysts are contemplating if a $100K price is in BTC’s immediate future. Many Believe Bitcoin Could Hit $100,000 in 2023 The price of the world’s number one digital currency by market cap has rallied by more than 70 percent since the end of last year. Among the people who think bitcoin could...

The CFTC claimed that the firm had proprietary software that was expected to recognize significant trading gains for investors who contributed to the Bitcoin pool, but in reality, there was no such “bot” in use. The head of a South African firm has been slapped with a massive fine of $3.4 billion by a federal judge in Texas. The US commodities regulator claimed that this was the largest-ever fraud case revolving around Bitcoin ever to be committed by a company. The head, who goes by the...

The US Commerce Department’s recent shows that economic growth and GDP have slowed even as Bitcoin struggles to regain $30,000. The price of Bitcoin (BTC) has remained relatively stagnant for about a week as the US gross domestic product (GDP) is slowing. Currently trading at $28,870 according to CoinMarketCap data, BTC has been unable to hit $30,000, last seen briefly on the 19th of April, and not seen in the first quarter of the year. This trend follows the GDP’s slowing in the same...

Arkham Intelligence issued a clarification that a bug caused to send the alerts regarding Mt. Gox and Us government selling Bitcoin. The BTC price recovered fast after the clarification. Over the last 48 hours, the Bitcoin price witnessed massive volatility sending jitters across the entire investor community. Earlier this week on Tuesday, the Bitcoin price shot up all the way to $30,000 following the news of a crisis-like situation at the First Republic Bank. But during Wednesday’s...

An elderly man living in the East Lyme region of Connecticut has allegedly lost more than $60,000 in crypto to scammers at the time of writing. Police are now investigating to understand what happened. East Lyme Resident Loses a Lot of Cash and Crypto Michael Finkelstein – chief of the East Lyme Police Department – says crypto scams have become constant issues in his state, and that his department heads are receiving calls almost on a regular basis from people who...

What’s really behind the sudden rise of bitcoin? The world’s number one digital currency has had a very successful 2023 thus far, spiking by as much as $12,000 in the last three months, but while it’s easy to assume that the asset is on the rise strictly because of banking failures in America, some analysts believe the truth is more complicated than that. Bitcoin Is Really Moving Up This Year Not long ago, bitcoin reached a new nine-month high of $28,000. While this...

The Federal Reserve hiked rates another 0.25 basis points in late March. The decision came in light of the banking failure occurring within America’s borders, and many analysts found themselves wondering if bitcoin’s meteoric run would somehow be affected. The Federal Reserve Again Hikes Interest Rates This new rate hike brought interest to its tallest peak since 2007. That’s a whopping 16 years! In a statement, the Federal Reserve mentioned that inflation in the country...

While Bitcoin still maintains a somewhat close correlation to the S&P 500, the digital currency is now being pitched as a better alternative to traditional banking. The price of Bitcoin (BTC) is dramatically on the rise despite starting the day with a bearish slump. At the time of writing, the premier digital currency is changing hands at $28,810.19 after printing a 5.41% growth over the past 24 hours. Riding on its current outlook, the cryptocurrency is now paring off the losses it...