Category: Bitcoin
Kathy Hochul Will Decide Fate of Bitcoin Mining in New York – Decrypt
On Friday, state senators in New York voted to approve a bill that would create a 2-year moratorium on crypto mining operations that use carbon-based power. Greenidge Generation, a coal-powered plant in upstate New York, prompted the debate over crypto’s environmental impact in the state when it pivoted to Bitcoin mining last March. Georgia has […]
Every Athlete Should Buy Bitcoin – Bitcoin Magazine
This week on the “Bitcoin Bottom Line,” podcast, C.J. Wilson went on to share an applicable story from his childhood about how he saved up his money for a fancy bike. He replied, “The bull market in which Bitcoin took off was where my mind changed.” Wilson, after explaining his intro to the coin, explains […]
NY Attorney General Warns About Investing in Crypto Market – Bitcoin News
At the time of writing, bitcoin is trading at $30,505.32, up over 3% in the past seven days but down 21% over the past 30 days. This week, Singapore’s deputy prime minister advised retail investors to steer clear of cryptocurrencies. A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist […]
Bitcoin mining company to build data center in Montana – Bozeman Daily Chronicle
Bitzero, which specializes in bitcoin mining, was touted as being a 100% green company. …Read the full story
Bitcoin, Ethereum, and Altcoins Trim Gains, ICP Still Outperforms – Crypto News
Bitcoin price attempted a fresh increase above the USD 30,500 resistance but it failed to clear the USD 31,200 resistance. The next major support is near the USD 28,500 zone, below which the price could gain bearish momentum. On the upside, the price might struggle above USD 30,500. ETH started a fresh decline and traded […]
Bitcoin Is Unstable And Useless: Here’s Why (BTC-USD) | Seeking Alpha
In reality, Bitcoin has failed to deliver on hardly any of its supposed goals/benefits, faces more competitors than ever, and lacks any intrinsic value to back up its worth. Bitcoin being an untethered, unbacked, digital currency means it is traded as a purely speculative investment vehicle and changes based on sentiment alone rather than any […]
Pub patrons in Devon unimpressed after Bitcoin ATM shut down by regulators – Metro UK
But since the government has cracked down on crypto ATMs, the pub has been keeping people at arm’s length of the machine for 15 months. Unlike typical ATMs where you can daw money from your bank account, Bitcoin ATMs, allow you to buy and exchange cryptocurrencies using real money. …Read the full story
Bitcoin And The Great Filter
Energy money initiates a step change in how organic intelligence can operate, because the map truly represents the territory, in high fidelity. As a result, they blindly believe that we can just fit reality into a series of models or equations, and as such, engineer our way through the Great Filter without accounting for the […]
Bitcoin Regains $30K but Cost-Cutting and Layoffs Reverberate Through Crypto
Investing.com – Similar to the risk aversion that plagued it earlier this week, Bitcoin benefited yesterday from a renewed appetite for risky assets, and as a result, managed to regain the key psychological threshold of $30,000 broken the day before. The BTC/USD trend looks fragile and the cryptocurrency could resume its downward path at any […]
Investors focus on Fed path, stocks were oversold, bitcoin above USD 30k – MarketPulse
US stocks are playing a game of dizzy bat as traders remain divided with recession calls and when the Fed could be in a position to pause their interest rate hikes. Earlier in Europe, stocks were supported as oil prices softened on expectations OPEC+ would ramp up production in July. Bitcoin will get its groove […]
Crypto Analyst ‘Wolf of All Streets’: Bitcoin Is ‘Absolutely Going to the Moon’ | Cryptoglobe
“Nation states adopting it as legal tender, people using it as it means of exchange, unbanked and underbanked people every single day. The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. …Read the full […]
McGILLIS: Bitcoin’s energy and environment value – The North State Journal
In order to earn Bitcoin, people use specialized computers to solve complex system-generated math puzzles. Jeremy Hinsdale, writing for Columbia University’s State of the Planet, calls this crypto’s “dirty little secret.” To the environmentalists’ horror, the computers competing to earn Bitcoin and other currencies consume as much electricity as entire countries like Argentina and Thailand. […]
Bitcoin Prices Drop Below $30,000, the Lowest Since December 2020. Here’s Why
After this crash, Bitcoin matched its December 2020 levels, after which it rebounded to just above the $29,000 mark. The rise of inflation, increase in market volatility and uncertainty, and the recent geopolitical tensions have dramatically impacted the price of Bitcoin, even more so than expected. Terra’s native token LUNA, which was trading at $119.18 […]
Has Bitcoin Bottomed Out? Ex-BitMEX CEO Arthur Hayes Says Terra (LUNA) Fiasco Offers a Clue
“At the bottom, a typically impervious strong hand can be forced to sell because of uneconomical arrangements festering in their trading books. “Right now, many traders are sitting on positions that are down 50% to 90%. …Read the full story
Bitcoin Rises as Cost-Cutting and Layoffs Reverberate Through Crypto Industry
Investing.com – Just as it suffered the risk-off trade earlier this week, Bitcoin rose in Friday trading on the back of a renewed risk on appetite. However, the trend of BTC/USD seems fragile, and the crypto-currency could at any time resume the downward path and fall back below $30,000. The crypto sector has also felt […]
Kenya’s largest electricity producer to offer its surplus power to Bitcoin miners | Finbold
“We’ll have them here because we have the space and the power is near, which helps with stability. If the plan is realized, Kenya will join El Salvador in exploiting new forms of energy to mine Bitcoin. Consequently, as reported by Finbold, the While House is exploring a first-ever policy that seeks to govern the […]
New York AG Issues Warning About Cryptocurrencies as Bitcoin Struggles to Recover
James has noted that the cryptocurrency market experienced a massive correction last month that affected both well-established cryptocurrencies as well as new projects. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. …Read the full story