The Bitcoin (BTC-USD) chart revealed two bullish signs after US Treasury Secretary Janet Yellen said the US may be unable to pay their bills by early June. Bitcoin traded flat at $27 578 (PS21 854) on Tuesday. According to data, Bitcoin reserves on all cryptocurrency Exchanges have decreased in the last two days. This could mean that investors […]
Bitcoin vs. Gold: Here’s What the Founder of the World’s Largest Hedge Fund Would Choose
After a series of bank failures and liquidity crises, Silicon Valley Bank caused the price of Bitcoin to soar in March. These price movements were not surprising to most analysts, as they are used to bypass banks and other central financial institutions. Which one is better in today’s economic climate? Ray Dalio is the founder of […]
Ripple Survey Suggests Latam Merchants Will Adopt Crypto Payments Massively After Three Years
Ripple’s latest study on crypto payments shows that Latam merchants take longer to implement cryptocurrency-based solutions than other regions. This paper, which aims to understand and quantify the impact cryptocurrency will have on payments in the future, shows other regions will have an edge even with Latam’s problems regarding inflation and fiat currency valuation. The […]
Australian Government Says It Is Working to Ensure ‘Regulation of Crypto Assets Protects Consumers’
According to the Australian government, it is working to ensure that crypto assets are regulated to protect consumers and to position the economy to take advantage of the new digital products. The Australian government stated that it will’reform licensing and custody of cryptocurrency assets’ to achieve these goals. The government stated that a small number of […]
Tim Draper Continues to Stand by His $250,000 Bitcoin Price Prediction
Tim Draper, tech mogul and investor in technology, has just addressed his often-repeated prediction that Bitcoin will reach $250,000 by 2023. Although the cryptocurrency hasn’t reached its peak yet, he remains optimistic that it will before the upcoming halves. He revealed that he was a billionaire venture capitalist who is a crypto enthusiast and wore a Tshirt […]
Crypto lenders are suffering as bitcoin miners are unable to pay back gigantic loans
After the collapse and subsequent FTX, things don’t seem to be improving for the cryptocurrency industry (opens new tab). A report by Bloomberg (opens new tab) shows that bitcoin mining companies cannot pay back their loans of millions of dollars, leaving their lenders with thousands of mining equipment. Ethan Vera, Luxor Technologies’ COO, stated to Bloomberg that miners were […]
Publicly Listed Bitcoin Miner Core Scientific Publishes Update After SEC Filing That Mentions ‘Restructuring’
Bitcoin.com News published an Oct. 29 report on Core Scientific, a bitcoin mining company (Nasdaq CORZ), in which the shares of the company were downgraded following the Form-8-K SEC filing. Pipes downgraded shares in CORZ from Buy to Neutral and stated that ‘compressed-self-mining margins have put extra pressure on the company’s ability to fulfill its financial obligations’. The October update, published […]
Cryptocurrency Is Gaining In Trade, But At Slow Pace, Bitcoin Quoted At US$ 19,692
Although cryptocurrency is growing, the pace of global markets is slower. Bitcoin rose by 0.51% intra-day trading today at 5.55 UTC and was quoted at US$ 19,692.10. Yesterday, Bitcoin closed at US$ 19,592.40. Bitcoin gained 4.70% in the past 5 days. It has fallen by 1.79% in the last month. Bitcoin has plunged 56.76% in the past 6 months. […]
Bitcoin Mining Expansion Heats Up: Crypto Miner Secures Underground Bunker, Cleanspark Snags Turnkey Mining Site
It was reported Friday that Arsenal Digital Holdings, (OTCMKTS ADHI), had acquired a 50-acre data center campus consisting of a four-story office structure. According to reports, the facility has a two-story subterranean campus with 100,000 square feet additional space. According to Dan Swinhoe’s report, the site is ready to handle 15 megawatts (MW). Swinhoe also reveals that the site was […]
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate to Start the Weekend
As traders responded to July’s nonfarm payrolls reports, Bitcoin was consolidating Friday’s gains to begin the weekend. After the data was released, Bitcoin/USD surged up to an intraday high of $23,422.83 Friday. This sentiment is now somewhat fading, as prices fell to $22,800.36 today. This is because bitcoin bulls decided to liquidate their positions earlier to make […]