Twenty-three agonizing days have passed since Bitcoin last closed above $32,000 and the 10% rally that took place on May 29 and 30 is currently evaporating as BTC price retraces toward $30,000. The correlation metric ranges from a negative 1, meaning select markets move in opposite directions, to positive 1, which reflects a perfect and […]
ICYMI: CoinDesk’s Eliza Gkritsi and Aoyon Ashraf reported that a squeeze on bitcoin-mining profit margins – think lower crypto prices and higher energy costs – might be forcing miners to sell some down some of their bitcoin inventories to pay for the extra operating costs. But this thread of market logic was somewhat undermined this […]
BTC broke out of the long-term consolidation phase and has recovered above it; now BTC price is trying to sustain above the $31000 level, and small whales are playing a significant role in maintaining BTC above the consolidation area. It seems pretty uncommon to see that in the last 12-hours only most of the BTC […]
Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. Holders of cryptocurrencies can now spend their funds from any Flexa-enabled app on burritos, burrito bowls and more at any Chipotle restaurant in the United States. Apart from Shiba Inu and Bitcoin, Flexa also supports 96 other […]
On Thursday, the Commodity Futures Trading Commission filed suit against Gemini Trust Company, a cryptocurrency business founded by Tyler and Cameron Winklevoss. The complaint puts particular focus on Gemini’s Bitcoin Futures Contract, one of the first financial instruments allowing investors to trade on expectations of a cryptocurrency’s future value. The CFTC claims to have found […]
In the world of digital money known as cryptocurrency, the losses were far worse. At root, money or currency is built around trust. But that is a bit of an illusion – involving an advance on money that still takes traditional financial institutions hours or even days to transfer. And in theory, users don’t need […]
The bitcoin price, after jumping at the beginning of the week, has gone into reverse, losing ground as the crypto market braced for a $9 trillion Federal Reserve earthquake. The bitcoin price has lost more than 50% of its value since hitting an all-time high of almost … ” have a choice because there’s so […]
More importantly, there was a break below a key bullish trend line with support near $31,750 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading below the $30,000 level and the 100 hourly simple moving average. A clear move above the $30,400 resistance level could start another increase. If bitcoin fails […]
“We need to think about what would be the appropriate policy responses under a world that shifted to proof-of-stake, or a world that has some continuous mix of proof-of-work and proof-of-stake. The growth of Bitcoin mining in the U.S. Justin crafts insightful data-driven stories on finance, banking, and digital assets. This site is not intended […]
“When we look at companies in the blockchain and crypto space, they all have massive treasury accounts with a lot of coins in them. …Read the full story
Regulators were tapped by President Biden’s administration earlier this year in a “whole of government” approach to understanding and regulating the broader cryptocurrency space as Biden signed an executive order. According to the report, the Energy Department, which issues many of the efficiency standards likely being discussed, did not provide comment on the matter of […]
The Energy Department, which issues efficiency standards and studies clean technology, was unable to provide a person to speak on cryptocurrency energy usage. The decentralized nature of the Bitcoin blockchain means that a diverse group of miners—who last year earned more than $15 billion, according to data from The Block Research—would have to be brought […]
So the three levels we’re looking at now: first one we need to overcome is around that $32,800. …Read the full story
It would seem that Bitcoin’s rally earlier this week was short-lived. Ever since, he’s believed in the network’s power to replace the current global monetary system, and provide financial freedom to billions worldwide. …Read the full story
KenGen, which generates most of its power from renewables, said miners have been reaching out about buying its energy. The plan is to have miners set up in an energy park at the company’s main geothermal power station in Olkaria, Naivasha, 123 km from the capital Nairobi. Kenya is Africa’s top geothermal energy producer with […]
There’s never a dull moment in the world of crypto with the past few months’ events underscoring just how volatile the industry is. Terra is a trustless, programmable blockchain ecommerce platform that offers fiat-pegged stable coins to provide more stability when conducting cross-border payments. The shockwave of the collapse set off a chain reaction in […]
Those with less view bitcoin as a utility providing a payment network that allows them to move money in a much more efficient and resilient way. On these platforms, Bitcoiners can begin to educate people that bitcoin isn’t too expensive — you can buy as little as $1 worth, direct people to the software that […]
“Fighting poverty has always been at the core of our partnerships & engagements with our member countries. Nonfarm productivity, which measures hourly output per worker, tumbled at a 7.3 percent annualized rate last quarter, the deepest since the third quarter of 1947, the Labor Department said on Thursday. The central bank data further revealed that […]
Despite a strong start to the week, bitcoin fell below $30,000 on Thursday, as crypto bears returned to action. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods […]
