Tag Archives: News

The coronavirus has shut down many non-essential businesses, and that has affected the bitcoin mining arena in many ways.It All Depends on Where Bitcoin Mining HappensFor several bitcoin mining ventures, where they’re located has a lot to do with whether they’re permitted to run normally during the pandemic. In Canada, for example, bitcoin mining and the extraction of new cryptocurrencies is considered essential. Thus, many firms have been allowed to remain open, though some report that their...

The bitcoin halving has got everyone on edge, and searches surrounding the term are at an all-time high.What’s Going to Happen with the Bitcoin Halving?Bitcoin has halved in the past, so it’s not like the event scheduled for this coming May is anything special. However, many analysts say that bitcoin’s future may ride on this single halving for several reasons, as it will likely determine whether bitcoin’s price spikes to its all-time high again.A halving means that the number of block...

At the time of writing, several cryptocurrencies are showing new signs of life. Bitcoin, for example, is once again trading above $7,000 for the second time this month.Bitcoin Has Broken $7K AgainIn addition to BTC’s sudden burst, Ethereum is trading for $170, while other major coins – such as Ripple and Litecoin – have also shot up. For the most part, the cryptocurrency industry appears to be on a path of recovery along with stocks as the Dow Jones has shot up more than 400 points since...

Billionaire Mark Cuban has never been a huge fan of bitcoin, and to be fair, he’s still not prone to BTC use. However, he does comment that he’d be willing to change his mind on the digital currency given that the right changes are made to its infrastructure.Mark Cuban: Make BTC EasierIn the past, Cuban has gone so far as to say he’s rather have “bananas” over bitcoin, and for the most part, he’s still pushing this mentality. In a recent podcast interview, Cuban explains:I can trade bananas...

One of the biggest complaints about the cryptocurrency space is that it isn’t doing enough to attract institutional investors. Well, this may be changing thanks to newfound attention for the Grayscale Bitcoin Trust in New York.Grayscale Is Boosting the Institutional PresenceDespite attempts to integrate institutional crypto trading platforms such as Bakkt – owned and governed by the Intercontinental Exchange (ICE) – the presence of professional investors in the crypto world appears to be...

The coronavirus appears to be taking a toll on Facebook’s Libra project.Libra Is Now SmallerLibra was first introduced in June of last year. The project was designed to initiate an entire payment network in which users could potentially pay for goods and services through Facebook utilizing a new cryptocurrency known as Libra. There was just one big problem… At the time, nobody trusted the social media giant.Facebook’s reputation had been seriously marred by the Cambridge Analytica scandal...

Bitcoin cash price started a fresh increase from the $206 weekly low against the US Dollar.The price is up more than 10% and it broke the key $230 resistance area.There was a break above a major bearish trend line with resistance near $230 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to continue higher towards the $245 and $250 resistance levels.Bitcoin cash price is showing a few bullish signs above $230 against the US Dollar. BCH/USD bulls seem to be...

The coronavirus has had terrible effects on the cryptocurrency arena, but nothing has suffered the way crypto mining companies have suffered. The latest venture to fall victim to the stifled COVID-battered economy is Hut 8 Mining Group, a crypto mining firm stationed in Canada.Hut 8 Is the Latest Company to Get HitRecently, the company issued a statement detailing some of the concerns it had regarding how to keep its operations steady. Hut 8 says it’s experiencing heavy delays in the delivery...

Bitcoin SV (BSV) has been at the center of controversy since it first arrived in late 2018. Nevertheless, it looks like many crypto providers and exchanges are moving hell and high water to ensure its customers have access to it.Bitcoin SV: It’s Presence GrowsThe latest exchange to offer bitcoin SV comes in the form of Indacoin, which is now allowing users to purchase BSV with a Visa or Mastercard. Indacoin – which is available to customers in more than 170 countries – is also facilitating...

In a world where crypto theft appears to be running rampant, Google is taking the steps necessary to ensure digital currency users can keep their money where it belongs… in their own wallets.Google Fights Crypto CrimeGoogle has recently announced the removal of just under 50 separate Chrome extensions from its web store. These extensions posed as legitimate cryptocurrency wallet applications, but in fact contained hacker code that caused all funds and login data stored within them to be...