Bitcoin was trading at $42,067.17 and Ethereum at $3,148.42 on Wednesday morning, per CoinMarketCap; up around 3% in the last 24 hours at their peak. LUNA, the governance token on the Terra network, was up almost 6% over yesterday. …Read the full story
Correlation is measured on a -1 to 1 scale, where -1 means the prices always move in opposite directions and 1 means they are in perfect synchronization. In August 2020, BTC-to-gold hit an all-time high, though the pair has historically fluctuated between positive and negative correlations, providing little guidance to market speculators. The price of […]
“We owe it to the applicant to review what they submitted to us, take a deep dive into that. That permission allowed the company to produce up to 641,000 tons of carbon dioxide equivalents per year. The state’s climate obligations are set out in the Climate Leadership and Community Protection Act , which was signed […]
Back in July 2021 and in the wake of China’s crackdown on the crypto industry, Bitcoin mining difficulty dropped by 28%. …Read the full story
Leading cryptocurrency Bitcoin sank 5% over the last week, and as of this writing was trading at $40,205. Solana, Cardano, and Avalanche—the three leading smart contract-enabled “Ethereum killers”—posted seven-day losses of around 8%. That gives Binance the green light to apply for a license in the UAE to operate as a virtual asset broker-dealer. On […]
Bitcoin, in particular, has been correlating with traditional equities markets. …Read the full story
In the company’s weekly on-chain update, it analyzed investor behavior amid Bitcoin’s latest price slump. “We are yet to see a convincing influx of new users or demand,” the report said. As such, transaction fees have been nearing all-time lows since last May, reflecting a lack of competition for block space among Bitcoin traders. Theoretically, […]
Bitcoin dropped 15% in 24 hours today, falling below $40,000 for the first time since March 15. If you’re looking for plausible answers as to why, it’s worth checking out the equities markets. In March, BTC’s price correlation with the S&P 500 hit 0.49, with -1 meaning they move exactly opposite and 1 meaning they […]
Bitcoin dropped 15% in 24 hours today, falling below $40,000 for the first time since March 15. If you’re looking for plausible answers as to why, it’s worth checking out the equities markets. In March, BTC’s price correlation with the S&P 500 hit 0.49, with -1 meaning they move exactly opposite and 1 meaning they […]
Moreover, as the 7-day chart shows, Bitcoin peaked above $47,000 on April 5, only to hit the skids in the following days. …Read the full story
Twitter submitted an SEC filing naming Musk a “Class II Director” until his term ends in 2024. Funnily enough, Musk was among the first to criticize NFT PFPs. Clearly, Musk has big ideas about both crypto and Twitter, and his insights could benefit a platform looking to capitalize on the nascent crypto industry. On Wednesday, […]
To put that into perspective, the Blockstream facility will be very small compared to the 300 MW operation that RIOT Blockchain has built at Whinstone U.S., a former Alcoa aluminum plant, in Rockdale, Texas. To that end, Blockstreams plans to maintain a public dashboard so that people can see its power output and Bitcoin production. […]
A year ago, O’Leary expressed derision for any crypto mined in China, calling Chinese Bitcoin “blood coin” because of human rights concerns. Last year, China announced multiple times that cryptocurrencies like Bitcoin are illegal, causing a mass exodus of crypto mining operations from China to nearby countries with cheap electricity, such as Kazakhstan. This is […]
Investors can buy shares of an ETF to gain exposure to those securities without owning them directly. The other three funds were approved under the Investment Company Act of 1940, which the SEC has said provides strong consumer protections. Therefore, if the SEC is comfortable with a #Bitcoin futures #ETF, they must also be comfortable […]
The organization will dole out Bitcoin payouts to the top three fighters on every UFC pay-per-view event. “Crypto.com has been an official UFC partner for less than a year, and I’m telling you they are already one of the best partners we’ve had. …Read the full story
In a series of transactions on Wednesday morning, Terra founder Do Kwon added another $230 million in BTC to the Luna-LFG wallet. On Wednesday, the crypto market cap slipped 6% to $2.1 trillion, leaving a trail of red across the top coins. After setting another all-time high of $119.18 on April 5, the LUNA price […]
“Marathon committed for our mining operations to be 100% carbon neutral by the end of 2022. “We believe it is an appropriate time to transition our legacy operations away from fossil fuel generation and towards more sustainable sources of power. …Read the full story
It’s unclear how Poiliviere’s Bitcoin rhetoric will play among ordinary Canadians, many of whom only learned about crypto during the recent trucker upheavals, and who may have come to view it through a partisan lens. On the other hand, as the Globe notes, Canada has a growing number of tech workers, many of whom are […]
Bitcoin on Monday hit a 2022 high of $48,086.84, a price not seen since New Year’s Eve. In the last seven days: Solana ballooned 39% to $138.73, Terra’s LUNA blew up 26% to $112, Avalanche rallied 23% to $103, NEAR Protocol added 20% to $16, and Tron rallied 16% to $0.075. By the White House’s […]
Bitcoin is a public ledger that’s distributed simultaneously across many nodes in a global network. In 2022, the reward for mining one Bitcoin block is 6.25 BTC—just shy of $300,000. After every 210,000 blocks are mined, the rate at which Bitcoin comes on the market slows by half because the complexity of the mining increases. […]