Tag Archives: News

John McAfee – a longtime bitcoin bull and the creator of a popular anti-virus software program that shares his last name – has died in prison. John McAfee Has Taken His Own Life McAfee had been arrested last October and was presently awaiting extradition to the United States while serving time in Barcelona, Spain. His lawyer says that McAfee took his own life by hanging. He had been charged with tax evasion after claiming that the practice of tax collection was illegal...

Not too long ago, bitcoin fell below the $30,000 mark and was trading for about $29.5K. The world’s number one digital currency by market cap was in a position that caused many people to feel extreme panic and talks of a crypto winter were once again meandering throughout the space. Bitcoin Is Bouncing Back and Analysts Say They Weren’t Worried However, the price appears to have rebounded somewhat, and bitcoin is back up to about $34,000. This is a near $5,000 price jump...

Bitcoin has shot back up to about $34,000 per unit at the time of writing. This is a good sign for many crypto traders and analysts alike as the world’s number one digital currency recently fell below the $30,000 mark to hit a new low of about $29,500, its smallest number since early January. Bitcoin Is Potentially Heading Back Up Now that bitcoin has shot up by approximately 15 percent, many financial experts are weighing in and wondering if this could signal a return...

Stronghold Digital Mining in Pennsylvania has managed to raise more than $100 million to establish a new firm. Stronghold Digital Is Carving the Way to Cleaner Mining The company has made a real name for itself during a time when bitcoin and cryptocurrency mining are the subjects of much controversy. Many analysts are convinced that bitcoin mining requires too much energy; that it boasts as large a carbon footprint as Las Vegas, Nevada, and that it consumes more...

Bitcoin has been crashing as of late, and for many people, the main reason has to do with Elon Musk. Last month, the South African entrepreneur announced that he was rescinding a decision that his electric car company Tesla was going to accept bitcoin-based payments for goods and services. It’s Hard to Know What Elon Musk Was Thinking This was a hard blow for many traders given that this would have sent bitcoin spinning into a wild price frenzy. In addition, it would...

As one of the world’s largest brokers of jewelry and fine art, Sotheby’s is preparing to auction off a massive 100 carat diamond. What is the big clincher? Bidders can potentially purchase the item with cryptocurrency. Sotheby’s Will Sell You a Diamond for BTC Known as Key 10138, the diamond in question is pear shaped and nearly flawless in its crystal-like design. It is extremely rare to come across a diamond with so many carats, though it seems like Sotheby’s has done...

As bitcoin is the number one digital currency in the world, it is easy to simply direct all of one’s attention to the asset as it continues to slump like it never has before. After reaching an all-time high of more than $64,000 per unit in April of this year, the currency has since lost more than half its value and is now trading for about $29,500 at the time of writing. It’s Not Just Bitcoin That Has Taken a Dive However, bitcoin is not the only cryptocurrency that is...

Bitcoin cash price is recovering from the $400 support zone against the US Dollar. The price is still well below $550 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $500 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could start a major increase if it clears the $500 resistance and then the 55 SMA. Bitcoin cash price is slowly moving higher above $450 against the US Dollar,...

Jim Cramer of CNBC and “Mad Money” fame said in a recent interview that he has sold most of his BTC. Jim Cramer Has Parted Ways with Most of His BTC In a statement, Cramer mentioned the following: Sold almost all of my bitcoin. I do not need it. Cramer cited China’s position on bitcoin as the main reason as to why he sold his crypto stash. He says that the country is working hard to kill the entire bitcoin system, not just the mining space. He says that bitcoin is a...

Bitcoin has tanked hard. There is no point in denying this. The world’s number one digital currency by market cap was already in a sorry position having spent the last few weeks trading in the mid to high $30,000 range, though now at the time of writing, things have taken a turn for the worse and the digital currency is trapped in the high $20,000 range. Despite all this, there are still many individuals – such as Mark Cuban and Mike Novogratz – that stick by the asset....