Bitcoin

Bitcoin (BTC) seems to be on everyone’s mind lately as the world recently witnessed the price of BTC take a rather unexpected bearish turn this month. On January 21, 2022, Bitcoin reached six-month lows, sinking below $40,000 for the first time in months.  While some panicked, other industry experts pointed out that the Bitcoin network has become verifiably stronger than ever before. The growth of the Bitcoin network has become apparent, as hash rate figures for BTC continue to set new… Source link

As Bitcoin, cryptocurrencies mature, investors seek more protections News Sports Entertainment Life Money Tech Travel Opinion They may lose their renegade image, but the Wild West is no place for average investors Cryptocurrencies are surging in popularity But they remain largely unregulated The government may take a more active role Like a teenager forced into adulthood, cryptocurrencies are finally growing up – with plenty of drama along the way. With investors having sunk an estimated $1.7… Source link

When bitcoin mining company Bit Digital started shipping its energy-intensive computers out of China in early 2021, eyebrows were raised. “A lot of people thought we were being overly paranoid,” says chief strategy officer Sam Tabar, who helped relocate all of the company’s machines to the US and Canada. But the company’s paranoia paid off. China’s bitcoin mining ban last summer, driven partly by environmental concerns, sent the industry spinning into chaos. The announcement sparked… Source link

Bitcoin (BTC) circled the $38,000 mark into Jan. 30 as a “trappy” weekend still offered the chance of a solid weekly close. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Choppy waters” for Bitcoin Data from Cointelegraph Markets Pro and TradingView showed BTC/USD regaining the $38,000 mark after seeing local highs of $38,740 on Bitstamp the previous day. Despite its strong “out of hours” performance, few analysts believed in BTC as a firm bullish play without traditional market… Source link

A new survey has indicated that Russians who have heard about cryptocurrency are deeply divided in their opinions on the recently suggested ban on operations with digital assets. A third of the respondents support the central bank’s proposal while an equal number of participants in the survey oppose it. Bank of Russia’s Call to Prohibit Cryptocurrencies Backed by 32% of Russians Who Know Bitcoin Amid ongoing discussions on the future of digital currencies, the Russian Public… Source link

Bitcoin (CRYPTO:BTC) is the $720 billion behemoth in the crypto market, and has been called a lot of things, including a hedge against inflation and the future of digital currency. But I think right now the best-case scenario for Bitcoin is that it’s digital gold, or a store of value for turbulent times.  Whether you’re bullish on Bitcoin or not, I think the use cases for this digital currency have proven to be limited over the last few years. But… Source link

Meta, the world’s biggest social media platform, has filed a trademark registration with the Brazilian authorities to design, develop and provision hardware and software for various Bitcoin (BTC) and crypto-related services.  Meta recently rebranded from Facebook as a move to better align with the Metaverse developments despite regulatory hurdles faced during its numerous previous attempts to enter the crypto space. Accelerating this effort, Meta filed a trademark registration with the… Source link

Leading investment bank JPMorgan has changed its view on the estimate of bitcoin’s price on a long-term basis. The institution had estimated a long-term price of $146K back in November when bitcoin was over $60K. One of the most important reasons for this change has to do with the increased volatility the asset has faced in recent times. JPMorgan Changes Long-Term Bitcoin Price Estimate JPMorgan, one of the biggest financial institutions in the world, has drastically changed its… Source link

Illustration by Elias Stein Text size … Source link

Illustration by Elias Stein Text size … Source link