Tag: bitcoin
All news related to the leading cryptocurrency.
El Salvador Says BTC Has Contributed to Country’s Recovery
Reading Time: < 1 minute According to El Salvador’s Vice President Felix Ulloa, the country’s decision to adopt the first cryptocurrency as legal tender in 2021 was crucial for its recovery from the crisis.
Sazmining Unveils Green Bitcoin Farm in Paraguay
Reading Time: < 1 minute American mining company Sazmining has set up a Bitcoin mining facility in Paraguay that is solely powered by renewable energy.
BlackRock CEO: Investors Are Increasingly Interested in Bitcoin
Reading Time: < 1 minute Fink reiterated that there is a significant demand for BTC among investors.
Bitcoin Could Fall to $17,000: Opinion
Reading Time: < 1 minute According to DataDash CEO Nicholas Merten, Bitcoin could experience a sharp decline if the US economy enters a recession.
Bitcoin’s Market Share is Near a 2-year High
Reading Time: < 1 minute According to TradingView data, the dominance index of BTC has reached 51.1%, a level approaching that of April 2021.
Charles Munger: Most Cryptos Will Collapse
Reading Time: < 1 minute Berkshire Hathaway’s Vice President, Charles Munger, has recently joined a long list of elderly billionaires criticizing Bitcoin.
50% of Bitcoins Have Not Moved for More than 5 Years
Reading Time: < 1 minute According to Glassnode, approximately 10.4 million Bitcoins have remained stagnant for over five years.
ETH and BTC Will Grow Following ETF Launch: Report
Reading Time: < 1 minute Research by K33 and Kaiko analysts have revealed that the Ethereum to Bitcoin ratio has reached new annual lows.
Ordinals Creator Introduces Alternative to BRC-20 Standard
Reading Time: < 1 minute The creator of Ordinals has stated that a new standard for fungible Runes tokens would not result in as much unwanted clutter on the Bitcoin network as BRC-20 did.
Coinbase’s BTC Holdings Amount to Almost $1M
Reading Time: < 1 minute Coinbase is reported to hold approximately 5% of the current Bitcoin market supply.
Tim Draper Creates Accelerator to Support Crypto Startups
Reading Time: < 1 minute Tim Draper, a well-known investor and billionaire, has recently introduced Draper Goren Blockchain (DGB), a “venture studio” focused on driving innovation in the realm of decentralized finance through early-stage funding for crypto projects.
Bloomberg Strategist: Bitcoin Will Fall to $25K
Reading Time: < 1 minute According to Bloomberg Intelligence strategist Mike McGlone, Bitcoin’s value may continue to face downward pressure until the end of 2023.
Bitcoin Could Reduce Methane Emissions by 8%: Report
Reading Time: < 1 minute Bitcoin has the potential to contribute to the global energy transition and decrease the emission of harmful pollutants.
Robert Kiyosaki Calls Investors to Buy BTC and Precious Metals
Reading Time: < 1 minute According to financial expert Robert Kiyosaki, the safest assets during times of global economic uncertainty are Bitcoin, gold, and silver.
TikTok Scammers Use Elon Musk’s Image to Steal BTC
Reading Time: < 1 minute A new round of fraudulent cryptocurrency distribution allegedly on behalf of Elon Musk is targeting TikTok users.
JPMorgan: The Cost of Mining 1 BTC is $18K
Reading Time: < 1 minute JPMorgan experts have revised estimates regarding the cost of mining 1 BTC; previously estimated at $21,000, they have lowered it to $18,000.
Arthur Hayes Believes Fed is Creating Conditions for Bitcoin to Rise
Reading Time: < 1 minute Arthur Hayes, the former head of BitMEX, has stated his belief that Bitcoin will gain strength due to the capital reallocation out of the US dollar.
BTC Trading Volume Falls to Lowest Level Since October 2020
Reading Time: < 1 minute In August, the trading volume of BTC on centralized platforms fell to its lowest level since October 2020, amounting to $423 billion.
Bitcoin Will Reach $150,000: Expert
Reading Time: < 1 minute Ric Edelman, the founder of Edelman Financial Engines, believes that by the summer of 2025, the price of Bitcoin could reach $150,000.
Bitwise Withdraws Application to Launch an ETF Based on Bitcoin and Ethereum
Reading Time: < 1 minute Bitwise has decided to retract their application to launch the Bitcoin and Ether Market Cap Weight Strategy ETF, dated August 3.
Tom Lee: Bitcoin Will Soar to $185,000
Reading Time: < 1 minute Tom Lee of Fundstrat has told that the cost of the leading digital currency, Bitcoin, could reach $150,000 once exchange-traded crypto funds ETFs are allowed to be focused on the spot price of the currency.
Robinhood Invests More Than $3 Billion in BTC
Reading Time: < 1 minute
According to Arkham Intelligence, the Robinhood Bitcoin wallet is the third largest, holding more than $3 billion worth of cryptocurrency.
US Presidential Candidate Francis Suarez Says Will Accept Salary in BTC
Reading Time: < 1 minute US Republican presidential candidate and Miami Mayor Francis Suarez has declared that if he were to win the election, he would be willing to take part of his salary in Bitcoin.
BTC Crash Leaves Only 12% of Speculators’ Coins in Profit: Report
Reading Time: < 1 minute An analysis conducted by Glassnode found that 88.3% of short-term investors have now become “unprofitable” due to Bitcoin’s biggest dip of the year so far by 7.2%.
Relative Strength Indicator Hits 2020 Records
Reading Time: < 1 minute On March 20, 2020, the Relative Strength Index (RSI) on the Bitcoin chart on CoinDesk showed a sharp change in prices with the cryptocurrency exchange rate at $4,000 due to the COVID-19 pandemic.
