Tag Archives: News

Yesterday was Bitcoin Pizza Day. Traders and crypto enthusiasts around the world celebrated by snacking and munching on pizza not necessarily because it’s so good, but because it’s part of a now ten-year tradition that many industry players like to celebrate.Bitcoin Pizza Day Has ArrivedMay 22, 2010 was a monumental day in most crypto enthusiasts’ eyes given that it was the first time an official purchase was made with bitcoin. The currency, like all digital assets, was initially created to...

Apparently, not all mining companies are in good shape. Canaan Creative – the largest mining facility in China after Bitmain – has announced that sales seriously dropped during quarter one of 2020, and that the company has lost nearly $6 million despite significantly lowering prices on all its mining equipment.Canaan Creative Takes a Nasty HitIn all, Canaan has lowered the prices of all its mining machines by half in the past few months, but this hasn’t been enough to keep revenue streams...

Out of the blue yesterday, bitcoin suddenly got it into its head that it needed to take a sharp nosedive.Bitcoin Takes a Trip Down SouthEveryone is talking about the flash crash that bitcoin has endured. Without warning, the currency fell as low as $8,700, slicing off several hundred dollars from its price in just a matter of hours. At the time of writing, the currency has settled back in the $9,100 range.It’s good to know that the currency is comfortably positioned above $9,000, which has...

Bitcoin’s newfound popularity is taking it to new heights. Square – a mobile payments company developed by Jack Dorsey of Twitter fame – has released a new cash app that allows users to instantly purchase bitcoin units.Square Puts Financial Power in Your HandsBitcoin has surged during recent weeks as people have sought new methods of hedging their wealth against inflation and other potential financial issues. There is great fear that the U.S. dollar and fiat in general is weakening following...

It has been nearly two weeks since the halving, and yet analysts are still speculating about what could happen in the future for bitcoin’s price.The Halving Still Has People TalkingOverall, halving events in the past have been quite bullish for the currency. This time, however, there seems to have been a lot of activity during the lead up, while the event itself turned out to be a real bore. Not much has happened since Tuesday, May 12. In fact, the currency is down since then, having recently...

Bitcoin is clearly still suffering from the volatility everybody has come to associate it with. About 48 hours ago, after trading above the $9,700 mark for several days, the currency experienced a sudden and unexpected drop that took it down to about $9,300 for a brief period.Bitcoin Has Taken Another FallFrom there, the world’s number one digital asset by market cap rose back into the $9,500 range but has since lost an extra $200 to fall back to $9,300. Thus, the currency has lost about $400...

Bitcoin cash price started another decline after it failed near the $255 resistance against the US Dollar.The price declined below the key $240 and $230 support levels.There is a major bearish trend line forming with resistance near $235 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could correct higher a few points, but it is likely to face hurdles near $235 and $240.Bitcoin cash price is back in a bearish zone below $240 against the US Dollar. BCH/USD must stay...

Many people are comparing bitcoin favorably to the centralized banking system of the United States following an interview on “60 Minutes” with U.S. Federal Reserve chairman Jerome Powell.Jerome Powell: We Printed Money DigitallyPowell appeared to discuss the country’s reaction to the ongoing coronavirus pandemic and the issuance of over $2 trillion in federal relief aid to small businesses and American individuals alike. Many people have already received checks of a full $1,200 as required by...

The bitcoin halving has come and gone, and many were worried about the state of bitcoin’s mining operations and how they would handle the coming future. Would mining remain a profitable industry, or would it sink into oblivion never to be heard from again?The Halving: Did It Hurt the Industry?While there are certainly changes the arena must deal with, bitcoin miners and mining machines are still witnessing some profits creeping into the space, suggesting that the recent halving hasn’t...

Crypto exchange BitMEX has suffered an outage this week, and many people are pointing the finger and accusing it of being a “rotten” trading platform.BitMEX Is Having a Tough TimeBased in Seychelles in Africa, the exchange specializes in bitcoin derivatives and has often been labeled a “bitcoin casino” over the years. The crypto trading platform experienced an outage earlier this week that isn’t sitting well with a lot of bitcoin fans, who say that the company is not reliable, and that any...