Tag Archives: News

Bitcoin is popular, but it is not loved by everyone. One of the cryptocurrency’s latest doubters comes in the form of Pascal Blanque – the CIO of Amundi, which is the second largest asset manager in Europe – who in a recent interview, referred to the world’s primary digital asset as a “farce.” Pascal Blanque Doesn’t Care Much for BTC At a conference, Blanque called out bitcoin for being a disruptive tool in the world of finance. He says all it has done is make central...

Imagine mining for cryptocurrency while also keeping your computer completely protected. By way of Norton 360 – one of the biggest and most popular examples of anti-virus software available today – this will soon be an available option. Norton 360 Protects Your Computer While You Mine Norton 360 – which is predominantly known for protecting one’s computer and digital devices from malware and similar threats – is entering the crypto space and has announced that it will...

Elon Musk is not as popular as he used to be. In fact, according to a new study, Musk is just about the most hated man right about now amongst crypto fans. Is Elon Musk the Most Hated Man in Crypto? The study was conducted by an analysis firm known as Awario. The enterprise has been monitoring the South African entrepreneur’s bitcoin tweets since late last year and has been studying how many people post negative and positive sentiment regarding his decisions and ideas....

Mike Novogratz – a billionaire investor and former hedge fund manager – has always been there to defend bitcoin whenever it is acting crazy, but in a recent interview, he claimed that the world’s number one digital currency by market cap will never be used for payments. Mike Novogratz Says BTC Will Not Be Used for Payments This is likely going to come as a huge blow for bitcoin and crypto purists given that the asset and many of its altcoin cousins were initially set up...

A new report by financial giant JPMorgan says that the price of bitcoin – which has been on a serious downfall over the past few weeks – could drop a bit further before finally stabilizing. JPMorgan Offers Fresh Helping of Gloom and Doom for BTC The currency has been experiencing its worst period since first coming to fruition approximately 12 years ago. The asset ultimately rose to about $64,000 in mid-April, the highest point it had ever reached, though at press time,...

The last six weeks have been some of the worst bitcoin has ever experienced. Despite only being around for roughly 12 years, the world’s number one digital currency by market cap has seen its fair share of dark days and radical price changes. Last Month was the Worst Point in Time for Bitcoin Initially trading for about $64,000 per unit in mid-April, the asset hit a massive snag that late last week, saw it shed approximately $30,000 off its price. Today, the currency has...

Bitcoin cash price is facing a strong resistance near the $720 level against the US Dollar. The price is now trading just below $700 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $730 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could extend its decline below $650 if it remains below the $750 resistance zone. Bitcoin cash price is struggling to recover above $700 against the US...

In recent news, it was announced that China was initiating a crackdown on all bitcoin mining and related activity within its borders. Zhang Nangeng – the CEO of Canaan Creative, one of the largest mining companies in the world that happens to call China home – is now voicing his opposition to the move. Canaan Creative CEO Speaks Against a Mining Ban China has had a very up-and-down relationship with bitcoin and digital currencies in recent years. While the country...

Daymak – a Canadian electric vehicle manufacturer – is planning a new car that will allegedly mine bitcoin and cryptocurrencies while charging. The vehicle is already set for pre-order and will be available to customers beginning in the year 2023. Daymak Is Bringing Cars and Crypto Together The new model will be known as the Avvenire Spiritus and will be able to extract new units of currencies such as bitcoin and Dogecoin, the ever-popular meme currency which has...

The Securities and Exchange Commission (SEC) has charged five individuals for allegedly taking part in what has come to be known as the Bit Connect scam. Bit Connect Is Still an Open Case Bit Connect collapsed in the year 2018. The event resulted in more than $2 billion in losses for investors, and now it appears five people are being made to answer for the enterprise’s dissolution. Bit Connect was advertised as a “global unregistered digital asset securities offering.”...