Despite these incentives, researchers from the University of Chicago discovered that Bitcoin is only used in 4.9 percent of all sales in El Salvador. Nayib Bukele, the president, is working to alter that. Many individuals do not believe that the Bitcoin City proposal is worthwhile. The crypto craze in the United States grew without the […]
The bitcoin price has dropped to under $30,000 per bitcoin, down from almost $70,000 late last year. “But its trajectory has been anything but gradual or predictable. The twins wrote the “turbulent market conditions that are likely to persist for some time.” Following bitcoin’s huge 2017 rally, the market went into a multi-year period of […]
She believes that climate impact can play a significant role within the industry, and as such, Ethereum is probably going to achieve a lot more traction than Bitcoin. Fitzpatrick thinks the environmental impact is going to be a vital feature in the future, and it may outline that digital assets can acquire steam. The process, […]
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BTC/USD may face a setback that could drag the coin below the 9-day and 21-day moving averages, and the king coin is likely to have an additional bearish run. Moreover, the further bearish movement could locate the supports at $24,000, $22,000, and $20,000, making room for BTC to fall even further. In the meantime, the […]
Bitcoin’s 180-day skew, a measure of the spread between prices for put options expiring in six months, is hovering at record highs above 10% for the third consecutive week, according to data tracked by Swiss-based Laevitas. Purchasing a put is akin to buying insurance against bearish moves and the option starts gaining value rapidly once […]
Recent market trends, however, have caused a nosedive in the profitability of bitcoin mining, forcing miners to tap into their BTC reserves and sell to stay afloat. With Bitcoin now trading below $30,000 at press time, miners are finding it more difficult to hold BTC without jeopardizing their ability to fund their operations. According to […]
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As such, they announced they would be cutting 10 per cent of its staff at Gemini, the US-based cryptocurrency exchange they founded eight years ago. TerraUSD, or UST, crashed almost completely at one point in May and lost its $1 peg to the dollar, tanking to a low as $0.26. …Read the full story
The RBI has long warned about cryptocurrencies being a threat to India’s financial system and should never be recognized as legal tender like some countries, including El Salvador, have done. A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. Neither the company nor the author is responsible, […]
The cryptocurrency market today witnessed a plunge in the wake of Bitcoin prices falling below $30,000 all over again right after trading above the $31,000 level in the past few sessions. It is worth noting that the popular digital token has dropped over 35% so far this year, and trading far below the peak of […]
Shares of crypto-related stocks, including Coinbase Global Inc COIN and Marathon Digital Holdings Inc MARA, are trading lower after Coinbase announced a hiring freeze and Gemini announced layoffs amid crypto market conditions. Early Friday morning, New York lawmakers passed legislation banning certain bitcoin mining firms from using carbon-based energy sources. …Read the full story
This move had garnered a lot of interest from investors in the space who have been looking forward to taking advantage of this unique opportunity. It has started to irk some in the space because this is not the first time that the country would be postponing the launch of its infamous Vulcano Bonds, also […]
Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. According to the IntoTheBlock’s holders’ composition by time held, 61% of Bitcoin holders have held onto their coins for more than a year, 33% have held on for a year and 7% have held onto their coins […]
All in all, the company still has about 60 vacancies in strategic areas such as accounting, tax, legal consulting, fraud detection, and product and software development. Federico Ogue, CEO of Buenbit, noted that the company has had to redefine its strategy to have a greater presence in the crypto industry of the future. Still, this […]
No action in the crypto market as Bitcoin still trades around the $29,000 to $30,000 area. The “Black Swan” event has preceded one of the worst periods for the space as Bitcoin and Ethereum recorded record consecutive losses. According to a pseudonym trader, Bitcoin could be ready to re-test the lows at $29,000 before resuming […]
![How close are we to the end of Bitcoin’s [BTC] sluggish consolidation phase – AMBCrypto](https://www.trendscan.net/wp-content/uploads/2022/06/101867_img-1000x576.jpg)
Bitcoin for almost the past month has been consolidating within a very limited range, roughly between $28k to $31k. On the technical front, Bitcoin’s price recently attempted to breakout of this three-week-long consolidation region. This suggested pullback towards the upside could technically be possible due to the near oversold situation. Along with that, data from […]
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The former BitMEX CEO continued by referring to a number of metrics that he said can serve as indicators for a crypto bottom. …Read the full story
The measure, which still needs to be signed into law by Governor Kathy Hochul, comes as the crypto mining industry has opened an increasing number of operations in the U.S. The two-year moratorium gives New York more time to study the impact of the operations, as Bitcoin mining requires large amounts of energy, and the […]