Tag Archives: Bitcoin

The world’s largest bitcoin mining facility has recently opened in Rockdale, Texas. The operation is owned by Germany-based Whinstone Inc., which will rent out the facility to both SBI Holdings Inc. and Japan-based GMO Internet Inc. Both will work to extract new bitcoins using Whinstone’s equipment and Texas location.Whinstone Is Becoming the Primary Mining CompanyBitcoin mining has been a big deal as of late. While always a main staple of the industry, two large events have occurred in the...

Bitcoin is continuing its present bullish behavior and has since added another $400 to its price.Bitcoin Is Still Heading for the TopPolitical unrest appears to contribute heavily to bitcoin’s status. The currency ultimately started out the year on rather unclear ground, with the currency standing beyond $7,000. From there, however, a drop into the $6,000 range occurred, but another surge was right around the corner following the U.S. drone strike against Iran that took out one of the nuclear...

Bitcoin price is currently rising and trading nicely above the $8,000 resistance against the US Dollar.The price gained pace above the $8,150 level and the 55 simple moving average (4-hours).There was a break above a major bearish trend line with resistance near $7,340 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair remains well bid and it is likely to continue higher towards the $8,800 level.Bitcoin price is trading in a nice uptrend above $8,000 against the US...

Bitcoin is continuing its bullish price run and is now trading above the $7,500 mark.Bitcoin Is Still on a RollThe currency has been gaining steam a little at a time – usually $100 here, followed by $100 there. Bitcoin initially ended last week at roughly $7,300 but has gained $200 from there.This goes back to the argument we reiterated in yesterday’s piece. The way for BTC to get ahead is through a slow and steady pattern; not all at once. The latter method was already utilized and witnessed...

John McAfee – the ever-controversial figure responsible for bringing one of the world’s leading antivirus platforms to fruition – has admitted that his whole push for bitcoin to reach $1 million was simply a tactic to move the cryptocurrency into mainstream territory, though he now thinks stronger and more efficient digital currencies will replace it.McAfee Says the Whole Thing Was an ActMcAfee has been saying for nearly three years that bitcoin was likely to reach the $1 million mark by the...

Bitcoin has had something of a shaky start in 2020, but the currency has managed to remain above the $7,000 line, which is always a good thing.Bitcoin Trading Volume Isn’t High EnoughAccording to one source, however, cryptocurrency enthusiasts and analysts are focusing too much on the movement of the price and not enough on the daily doings that occur behind closed doors. It points out that bitcoin volumes are as low as they were in April of last year, which could lead to an increase in...

At the time of writing, bitcoin – the number one cryptocurrency by market cap – is trading above $7,400, which is the highest it’s been in the new year and the highest it’s been in a while.Things Are Both Shaky and Stable for BitcoinTo say things have gotten off to a rocky start for bitcoin in 2020 would be a bit of an understatement. While the currency did begin above $7,000, enthusiasts and traders everywhere got a bit of a scare when two days later, the currency fell into the $6,000 range...

Darn it! China was doing so well, too. Following all the hype and hoopla about China finally saying “yes” to bitcoin mining, it seems the country doesn’t have enough electricity to provide for all the new operations.China Says, “Slow Things Down!”China recently announced that all cryptocurrency mining activity would be legal within its borders. This was a big deal considering the country’s strained relationship with bitcoin and its altcoin cousins. For one thing, regulators were long debating...

Following an air strike from the United States that killed one of Iran’s top generals, the price of bitcoin shot up by roughly $400 in mere minutes. While the crypto community has taken note of the spike, some sources are falsely reporting that bitcoin is becoming a bigger deal in Iran – so big, in fact, that it’s jumped all the way to $24,000 per unit, but this isn’t quite true.Iran Has Seen An Increase in Crypto ActionCrypto experts are saying that this is due to a big misunderstanding...

Another alleged bitcoin expert is striking the industry with his lavish predictions for the currency’s price. Antoni Trenchev – the head of BTC lending platform Nexo.io – says that 2020 will be the year in which bitcoin hits approximately $50,000.Antoni Trenchev: BTC Is Quite the AssetEveryone has rushed forward with their bitcoin predictions, including convicted drug runner Ross Ulbricht, Ethereum co-founder Charles Hoskinson and venture capitalist Tim Draper, and by comparison, the...