Tag Archives: Bitcoin

Riot Blockchain – one of the largest and most recognized crypto mining facilities in the world – reported that January was its best month to date in terms of crypto extraction. The company says it was able to pull as many as 740 BTC units from the blockchain two months ago, the most it’s ever done. Riot Blockchain Saw Its Mining Figures Reach Sky High This is good news in that everything we’ve heard ever since the midway point of 2022 suggests mining has become much...

Charlie Munger hates bitcoin. He’s made that clear from the get-go. By contrast, Michael Saylor – the former CEO of MicroStrategy – loves bitcoin. Recently, the latter gave his thoughts on the former, and stated that Munger needs to spend more time with BTC so he can understand what it’s all about. Michael Saylor on Charlie Munger: He’s Not 100% Off Not long ago, Munger published an op-ed in the Wall Street Journal claiming that no form of crypto could qualify as a...

Billionaire investor Tim Draper recently took a trip to Sri Lanka to promote bitcoin to the nation’s central bank only to be kicked out unceremoniously. Tim Draper Tries to Bring BTC to Sri Lanka While he wasn’t kicked out in a literal sense, regulators of Sri Lanka didn’t welcome Draper with open arms and commented that the use of crypto or bitcoin would never occur within the nation’s borders. Draper initially sought to push bitcoin as a financial tool that could not...

Michael Saylor – the former CEO of MicroStrategy – is confident that despite all that’s happened over the past year or so, bitcoin is still a major safe haven for traders and investors. Michael Saylor Still Believes in BTC It’s interesting to see Saylor remain such a bull when it comes to bitcoin given how disastrous some of his BTC bets have been over the past several years. First beginning his bitcoin investments in late 2020, Saylor has continued to add the digital...

In early February, crypto experienced a small dip after weeks of its main assets (such as bitcoin) riding the bull wave and increasing their prices. Crypto Is Staying Still On or around February 5, the crypto space fell by a little over two percent and wound up stuck at just over $1 trillion. While at first glance it looked like the bears were once again beginning to enter the fray, there were several analysts and crypto players out there who felt the situation was...

2022 was a rough year for crypto filled to the brim with failing prices and fraudulent companies. All in all, however, Michael Saylor – the previous head of MicroStrategy – feels everything that’s happened ultimately pushed the space forward in many ways. Michael Saylor on FTX: It Helped Crypto One of the big things that Saylor brought up was the collapse of FTX, which occurred in November of 2022. After several years of being the golden child of the industry and...

A man from New Jersey – 31-year-old John Michael Musbach – tried to pay a hitman $20K in bitcoin to have a 14-year-old boy killed off. John Michael Musbach Has Been Arrested The boy was allegedly a key witness in an ongoing case against Musbach. Trying to get the boy out of the picture and come out of the situation clean, Musbach sought the aid of a potential hitman to do the job for him, and he tried to do so with bitcoin. His plan failed, and he’s now pleading guilty...

Bitcoin price started a fresh decline below the $24,000 zone against the US Dollar. The price is now trading below $24,000 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $23,500 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it clears the $24,000 resistance zone. Bitcoin price is recovering from $23,000 against the US Dollar. BTC might eye...

Nasim Nicholas Taleb – the author of the popular novel The Black Swan and advisor to the hedge fund Universa Investments – believes bitcoin, stocks, and many other assets are going to have it hard over the next few years. Taleb Predicts More Gloom and Doom for Crypto 2022 was a time of very bearish sentiment. Bitcoin, for example, had risen to a new all-time high of about $68,000 per unit in the final months of 2021, though this didn’t last the way people thought it...

The price of bitcoin appears to be coming back from the horrors of 2022, but John Griffin – a finance professor at the University of Texas McCombs School of Business – says he’s not convinced this is happening naturally, and he wonders if BTC is somehow being manipulated. John Griffin on Bitcoin: It’s Being Manipulated! Bitcoin rose to prominence in late 2021. Achieving a new all-time high of $68,000 per unit in November of that year, it was thought by many that bitcoin...