Tag Archives: News

Over the weekend, Iran was the victim of several energy blackouts that saw entire electrical grids go dark for hours at a time. Now, government heads are saying that bitcoin mining may have had something to do with these blackouts.Iran Suffers Blackouts; BTC Mining to Blame?Iran – like many of the world’s nations – has been hit hard by the coronavirus pandemic. The nation is under heavy economic stress and often sees its energy sectors mismanaged by those who have been put in charge. However,...

Kevin O’Leary of “Shark Tank” fame is in the news again for doing nothing other than bashing bitcoin for the umpteenth time. It just goes to show you that no matter how well bitcoin does, there are many doubters out there that will likely continue to spew angry or negative words towards what appears to be a growing store of value.Kevin O’Leary: Bitcoin Is a “Nothing Burger”Bitcoin is presently trading for well over $36,000. This is more than five times its size in January 2020. Nothing could...

Stellar lumen price rallied significantly towards $0.4000 before correcting lower against the US Dollar.XLM price is now consolidating above $0.2600 and the 55 simple moving average (4-hours).There is a crucial contracting triangle forming with resistance near $0.3130 on the 4-hours chart (data feed via Kraken).The pair could either correct further to $0.2200 or it might start a fresh rally above $0.3200.Stellar lumen price is trading in a bullish zone above $0.2600 against the US Dollar,...

Ripple price is showing a lot of bearish signs below the $0.3000 level against the US dollar.The price is still holding the key $0.2550 support level, but it is well below the 55 simple moving average (4-hours).There is a major contracting triangle forming with support near $0.2720 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could start a strong decline if it breaks the $0.2720 and $0.2680 support levels.Ripple price is struggling to start a decent recovery...

Ripple and XRP are continuing to lose the love they once boasted thanks to the recent lawsuit initiated by the Securities and Exchange Commission (SEC).Ripple Is Losing Out AgainThe financial firm recently filed charges against Ripple on account that the XRP asset it hosts is alleged to be a security rather than a currency by agency heads. Thus, according to the organization, Ripple has not been forthcoming regarding the coin’s status and engaged in an illegal token sale when XRP was first...

It’s hard to believe that after nearly seven years of waiting, there are still many traders and individuals who have not garnered what’s rightfully theirs from Mt. Gox, the now defunct cryptocurrency trading platform in Japan.Mt. Gox Victims Can Now Get Their MoneyHowever, after all this time, it looks like many creditors are finally going to get access to the funds that have been locked up for so long following the company’s bankruptcy filing.Mt. Gox is widely considered one of the worst...

Over the past few months, bitcoin has been enjoying a historic bull run like no other. The asset has reached $40,000 in certain weeks, and as a result, we have been hearing several different narratives discussing what could potentially be making the asset spike to such an extent.Bitcoin May Not Be What We’ve AssumedOne of the most common arguments we’ve been hearing is that institutions are now seeing bitcoin in a much more positive light. They believe that bitcoin is a hedge tool of sorts...

Recently, Live Bitcoin News published a story about Stefan Thomas, a San Francisco resident originally from Germany that had only two tries left to access his locked bitcoin stash. Here is an update for all who may have been worried about his situation.Stefan Thomas: Finding Peace Through LossThomas has all his digital funds stored in a special kind of wallet known as Iron Key. The wallet is built to be stronger than standard wallets and less susceptible to fraud and theft. The big clincher...

Imagine having a lot of money stored up in a safe somewhere. Before you even realize it, you’ve somehow lost the safe’s key only to find that it went out with the rest of your everyday trash. It wasn’t something that you meant to do… It just kind of, well… happened. For 35-year-old James Howells, this is the reality he’s currently facing after realizing that he threw out some hard drives containing quite a bit of bitcoin with the rest of some unwanted materials.James Howells Really Wants His...

Bitcoin is ending the week with another dip added to its roster. The currency – which less than 24 hours ago was trading in the low $40,000 range again – has fallen by about $5,000 at the time of writing and is now trading for just over $35,000.Bitcoin Has Experienced Another Major SlipWith the first few weeks of January in the books, it appears bitcoin is having difficulty making up its mind about where it wants to be for now. Initially, the currency hit a new all-time high of roughly...