Tag Archives: Bitcoin

The halving has come and gone, but for some analysts, the mystery is still up in the air, and several people are wondering what the event will produce.What Will Happen Now That the Halving Is Over?For some, the news of the halving doesn’t mean much, and they predict that bitcoin will remain relatively unaffected in the short run. However, they do believe that things could ultimately turn uber-bullish in the coming months. This is a sign of bitcoin’s potential growth and maturity.Garrick...

Bitcoin is continuing to exhibit heavy volatility this week. Early in the morning yesterday, the currency rose briefly past the $9,000 range once again, though at press time, the currency has fallen back down to about $8,700, suggesting this sudden jump hasn’t lasted.Bitcoin Has a Brief Moment in the SunBitcoin had been flirting with $10K for most of last week, trading in the extremely high $9,000 range and eventually surpassing the $10,000 mark briefly towards the end of the seven-day...

The bitcoin crash that occurred roughly 24 hours ago has caused Coinbase – a popular cryptocurrency exchange – to experience a brief period of inactivity before finally restoring its services later in the day.Coinbase Crashes for the Second Time in WeeksThis marks the second time the trading platform has crashed in the last two weeks. The first occurred when bitcoin first rose into the high $9,000 range and gained virtually $1,000 overnight. At that time, the exchange was experiencing such...

Bitcoin service provider Open Node in Los Angeles is unveiling a new feature that will allow employers to pay their workers in bitcoin.Open Node Allows Employee BTC PaymentsThe fact that there would even be demand for such a service suggests that perhaps bitcoin is indeed drawing closer to mainstream territory. Traditionally, paychecks are provided in fiat currency, whether it be USD, yen, or euro payments, but to give people what they’ve earned from their jobs in crypto is bound to make...

Well, well… Did anybody see this coming? After spending the last few weeks in extremely bullish territory, the world’s number one cryptocurrency by market cap – bitcoin – has decided to shed more than $1,000 in a single night.Why Did Bitcoin Crash?This is the exact opposite of last week when the currency decided to gain that much within a 24-hour span. The currency shocked the entire market and decided to spike from the high $8,000 range to the high $9,000 range, adding close to $1,000 to its...

Seattle crypto startup Coinme has garnered more than $5 million in funding through a new round led by Pantera Capital, a bitcoin investment firm. The company’s co-chief investment officer Joey Krug is now set to join the startup’s board of directors.Coinme Is Growing Like Never BeforeIn total, Coinme managed to get its fingers on an additional $5.5 million, which it says it will use to increase its cryptocurrency ATM and kiosk network across the United States. The company has been on fire...

Bitcoin is about to enter new “halving” territory in the coming days, and many analysts are unsure of what to make of the event considering the COVID-19 pandemic continues to rage on.The Halving Could Be Hit By COVID ConditionsAt first glance, it doesn’t look like a health scare of this magnitude would affect a single asset so heavily, but clearly bitcoin has been hit hard over the last three months. The currency was initially trading for well over $10,000 in mid-February. From there, it fell...

Bitcoin mining company Riot Blockchain has announced the purchase of more than 1,000 additional mining machines in the face of bitcoin’s latest halving event, set to occur on Tuesday of next week.Riot Blockchain Is Boosting Its EffortsThe company put out a statement explaining that it has bought 1,040 next-generating Bitmain S19 (95 TH) Antminers. Overall, the company spent just shy of $2 million on the machines. The company says it will use these machines to up the ante on its mining...

Following the brief jump bitcoin made into $10,000 territory during yesterday’s early morning hours, the entire crypto market swelled like enthusiasts wouldn’t believe, with the overall market cap surging by more than $13 billion in a single day.Bitcoin Is Jumping Towards Much Greener TerritoryThe price was first noticed on exchanges in Singapore and other parts of Asia. Over the next few hours, digital trading platforms in New York, for example, would list bitcoin at about $9,890, and the...

Bitcoin is currently trading in the $9,900 range, though it did hit $10,000 briefly during yesterday’s early morning hours, suggesting that for a brief period, the world’s number one cryptocurrency by market cap managed to regain all its losses of the past three months.Bitcoin Is On the Verge of Striking It BigBitcoin has been on a serious roller coaster ride since late February. At that time, the currency was trading for well above $10K, though by the time early March rolled in, the asset...