Bitcoin

As Bitcoin (BTC) was hitting new historical highs above $68,000 this year, global cryptocurrency naysayers were increasingly blasting BTC for its extreme volatility and potential risks. According to Bitcoin Obituaries data by Bitcoin education portal 99Bitcoins, the original cryptocurrency was declared “dead” as many as 45 times in 2021, which is at least three times more than in 2020. Despite the growing number of Bitcoin critics in 2021, the amount of obituaries is still significantly… Source link

Bitcoin seesawed between gains and losses Thursday as it tested a key technical level that over the past two years has tended to act as a floor for the world’s largest cryptocurrency. The digital asset rose as much as 1.1% and was trading around $47,350 as of 9:05 a.m. in New York. It’s down more than 15% this month amid a broader retreat in the crypto sector. Source link

Tesla CEO Elon Musk has weighed in with his thoughts on the real identity of the mysterious Satoshi Nakamoto, the anonymous person or group credited with creating bitcoin. Musk addressed the mystery of the bitcoin creator’s identity during a podcast published Tuesday. During the appearance, the host asked whether it was a “feature or a bug” that bitcoin’s creator has never revealed themselves, prompting Musk to provide his theory on the situation. A… Source link

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Bitcoin (BTC) added to its losses on Dec. 29 with a fresh tumble briefly taking BTC/USD below $46,600. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView RSI flashes “oversold” Data from Cointelegraph Markets Pro and TradingView showed the pair giving up ground prior to the Wall St. open to increase its 48-hour correction to 10.4%. The latest move in a familiar pattern of behavior, the market showed that the range in which Bitcoin has acted in December remains very much in play.  As… Source link

Bitcoin (BTC) may be down over 30% from its record high of $69,000, but it has emerged as one of the best-performing financial assets in 2021. BTC has bested the United States benchmark index the S&P 500 and gold. Arcane Research noted in its new report that Bitcoin’s year-to-date performance came out to be nearly 73%. In comparison, the S&P 500 index surged 28%, and gold dropped by 7% in the same period, which marks the third consecutive year that Bitcoin has outperformed the two. Bitcoin… Source link

Business The deal, announced a week ago giving few details, is for 78,000 machines to be delivered in second-half 2022. By Tanzeel Akhtar Dec 29, 2021 at 10:55 a.m. UTC Updated Dec 29, 2021 at 10:55 a.m. UTC A bitcoin mining farm. (Marko Ahtisaari/Flickr) Source link

Elon Musk. MARK RALSTON/AFP via Getty Images Secretive crypto expert Nick Szabo might be Satoshi Nakamoto, according to Elon Musk. “He seems to be the one more responsible for the ideas behind bitcoin than anyone else,” Musk told podcaster Lex Fridman. Szabo has spoken publicly about the history of bitcoin and blockchain tech, but has repeatedly denied claims he is Nakamoto. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Elon Musk seems to agree with… Source link

According to data recorded on December 28, there’s approximately 434,265.43 bitcoin-pegged or wrapped bitcoin tokens worth more than $21.3 billion across several blockchains. Ten different bitcoin-pegged projects exist today and the project Wrapped Bitcoin dominates 59.66% of all the tokenized bitcoin in circulation. Close to a Half Million Tokenized Bitcoin Circulates on Several Blockchains, Wrapped Bitcoin Dominates by 59% Toward the end of 2018, when tokenization really started… Source link