Bitcoin mining uses vast amounts of electricity Olga Maltseva/Getty Images Bitcoin’s recent rally has reignited fears that mining the coin is harmful to the environment, because of the among of energy required. But cryptocurrency experts argue that concerns about bitcoin’s energy consumption have been taken out of context. Miners say they’re increasingly moving towards using renewable energy, but data supporting the extent of that is unclear. Sign up here for our daily… Source link

Even though XRP traded in the green at press time, the price remained restricted below the 38.2% Fibonacci level. Monero bulls regained a key level above the $231-mark, while ONT saw a breakdown from an ascending channel. XRP Source: XRP/USD, TradingView A look at XRP’s 4-hour charts showed that the cryptocurrency was still in the accumulation phase as breakouts in either direction from the current channel were swiftly rejected from the opposing sides. The region above 23.6% Fibonacci… Source link

A growing number of companies are becoming interested in bitcoin. Cesc Maymo/Getty Images Bitcoin regained its composure this week to jump to a record high above $60,000, with many analysts pointing to a new wave of institutional interest as the driver. Goldman Sachs restarting its crypto desk, JPMorgan launching a “crypto exposure” product, and crypto firm NYDIG raising money from Morgan Stanley and others are the latest signs of growing interest in bitcoin. Skeptics argue… Source link

Bitcoin has surged to a new all-time high – with prices breaking £44,000 for the first time. Saturday’s spike came exactly one year after the volatile cryptocurrency lost 50% of its value in the space of two days and fell to £2,873. It has risen 1,431% in the past 12 months. Bitcoin now finds itself in uncharted territory. While some analysts believe the digital asset could reach £70,000 this year, others fear that dramatic sell-offs… Source link

Bitcoin has broken through $60,000 amid a huge bull run partly fueled by Tesla TSLA billionaire Elon Musk—despite warnings from fellow billionaire Bill Gates. The bitcoin price broke the psychological barrier early Saturday morning, returning to its blistering early-2021 bull market after taking a breather over recent weeks. Ahead of bitcoin’s surge over $60,000, Tesla chief executive Elon Musk—who has been known to move the bitcoin price with his tweets—called on the… Source link

Bitcoin hit an all-time high — Here’s why Warren Buffett still won’t touch it The past year has been groundbreaking for Bitcoin. And just recently the cryptocurrency hit an all-time high: Over $61,000 for one unit — late-to-the-party investors bemoaned having missed out. So what does the world’s most famous investor think of Bitcoin? It’s “probably rat poison squared,” Warren Buffett once said. If you listen to the billionaire, cryptocurrency may not be the big financial opportunity… Source link

After more than a week of sideways consolidation under the $52,000-mark, Bitcoin, the world’s largest cryptocurrency, finally moved closer to its ATH over the past 24-36 hours. The effect of Bitcoin’s surge was immediate, with most of the altcoin market following suit. However, BTC’s impact wasn’t uniform, with some cryptos seen to be correcting slightly over the past few days. Litecoin [LTC] Source: LTC/USD on TradingView Litecoin, one of the market’s more popular altcoins, has… Source link

Text size A visual representation of the digital Cryptocurrency, Bitcoin Dan Kitwood/Getty Images Bitcoin hit an all-time high of… Source link

The surge marked a 1,000% gain in the past year. Spencer Platt / Getty Images Bitcoin hit a record $60,000 on Saturday, marking a 1,000% gain in the past year. The cryptocurrency has benefited from institutional support and fiscal stimulus. Mark Cuban and Kevin O’Leary are fans, Warren Buffett and Michael Burry aren’t. See more stories on Insider’s business page. Bitcoin surged as high as $60,000 for the first time on Saturday, lifting its price increase over the past year to more… Source link

Benzinga The Daily Biotech Pulse: Novavax Vaccine Data, ContraFect Secures BARDA Funding, 2 IPOs Here’s a roundup of top developments in the biotech space over the last 24 hours. Scaling The Peaks (Biotech Stocks Hitting 52-week Highs March 11) Affimed N.V. (NASDAQ: AFMD) AngioDynamics, Inc. (NASDAQ: ANGO) Apyx Medical Corporation (NASDAQ: APYX) AVEO Pharmaceuticals, Inc. (NASDAQ: AVEO) Axonics Modulation Technologies, Inc. (NASDAQ: AXNX) BioAtla, Inc. (NASDAQ: BCAB) BioCryst Pharmaceuticals,… Source link