Tag Archives: BTCGBP

Kazakhstan’s Ministry of Energy discovered and halted the operations of 13 illegal digital asset mining farms. Those were collectively using an electricity capacity of over 200 megawatts. War on Illegal Miners The central Asian country was torn by protests at the beginning of 2022 when thousands of residents occupied the streets to fight against the surging electricity prices. Shortly after that unrest, Kazakhstan’s government vowed to crack down on unauthorized...

Bitcoin is forming a consolidation structure in both the daily and 4HR time frames. Based on the number of active users on the network – the lack of demand among retail investors is still evident. Therefore, any sudden change in market sentiment can lead to unexpected volatility. Technical Analysis By: Shayan Long-Term Bitcoin got rejected from the multi-month descending trendline after failing to sustain its bullish surge. It has also broken down the 50-Day moving average...

The past few weeks have not been kind to the cryptocurrency industry and the financial markets. In line with the fear of a growing conflict in Ukraine, the civil unrest in Canada, and the Fed’s decision to raise interest rates, the prices of most assets significantly declined. Bitcoin, for one, dropped to $36,000, which is its lowest price since February 3rd. Keeping in mind those events, many envisioned the start of another cryptocurrency bear market. In its recent report,...

El Salvador’s decision to make bitcoin an official payment method inside the nation’s borders has positively affected the local tourism industry, said the country’s Minister of Tourism. Since then, the sector has been up by more than 30% as most visitors come from the United States of America. Tourists Want to Explore The Bitcoin-Loving Country Similar to other Latin American nations, the tourism sector contributes a significant part of El Salvador’s GDP. Prior to the...

The Canadian businessman and television personality – Kevin O’Leary – views bitcoin as a coin, currency, and software. He believes that having exposure to BTC is the same as holding positions in giant corporations such as Microsoft or Yahoo. In addition, O’Leary predicted that BTC could surge to $300,000 once there is regulatory clarity in the industry. Bitcoin Is Like the Big Players Numerous celebrities have changed their stance on bitcoin over the years, and Kevin O’Leary...

Though the major static and dynamic support lines failed on a daily time frame, the long-term holders’ sell pressure (inflows to all exchanges) was reduced after failing the $39K support levels. A consolidation phase in the $36K-$40K range is the most expected behavior for the mid-term window. Technical Analysis By: Edris Long-Term Bitcoin price has lost two significant supports in the last couple of days, and the hopes for a recovery turned into fear. BTC is currently...

Recently leaked documents allege that the giant private bank Credit Suisse had held hundreds of billions of dollars of clients alleged or involved in drug trafficking, corruption, torture, money laundering, and other serious crimes. This comes years after the bank bashed the cryptocurrency industry, claiming that bitcoin presents money laundering challenges. The Leaked Documents A whistle-blower shared compromising data on more than 18,000 bank accounts holding over $100...

Bitcoin’s troubles only intensified in the past 24 hours as the asset dropped by a few thousand dollars again to a 16-day low of $38,000. The altcoins are deep in the red as well, with Ethereum at $2,600, Cardano well below $1, and AVAX beneath $80. Bitcoin Dumps Again It’s safe to say that bitcoin has seen better days which weren’t all that long ago. Just on Tuesday and Wednesday, the cryptocurrency recovered from its latest dump to $42,000 and jumped to nearly $45,000....

After bitcoin’s move towards $45K turned into a fakeout as BTC got sharply rejected, the recent price action turned short-term bearish, with a critical level to watch at $40K. The uncertainty and the low liquidity status in the crypto markets have led to a volatile period that is also highly correlated with the global markets. Fundamentals such as the Ukraine – Russia conflict affect both global and the crypto markets. Following two disappointing weekly candles, Bitcoin eyes...

There are plenty of exciting things that happen within the Bitcoin network. All the programmed, pre-defined algorithms make it much like a living organism that adjusts and evolves based on current conditions. In this article, we take a look at something that’s not heavily discussed all so commonly – the lowest block hash values in BTC’s history. What is the Bitcoin Hash Value? To begin, we would first need to clarify what is the hash value. Bitcoin functions based on a...