Bitcoin

Bullish investors in bitcoin aren’t all jazzed about the long U.S. Memorial Day holiday weekend ahead. The sun, the fresh air, barbecues, the first major summer break, as more doses of COVID vaccines have hit the arms of Americans and those in other parts of the world. That setup appears to be taking a back seat to growing agita about bearishness that could further crystallize in the coming days for bitcoin BTCUSD, -7.74% and the broader crypto… Source link

Digital tokens took a hit on Friday as a growing list of central bankers expressed concerns about their usefulness. By Lynn Thomasson and Anchalee WorrachateBloomberg Bitcoin slumped 7% to near $35,500, recalling levels seen in the crypto meltdown last week as traders brace for fresh volatility over the long weekend. Prices across digital tokens took a hit as Bank of Japan Governor Haruhiko Kuroda joined a growing list of central bankers expressing skepticism about the industry’s usefulness… Source link

Bitcoin prices (XBT) fell 8% Friday and have plunged about 36% in May — their worst monthly performance since September 2011. Tesla (TSLA) CEO Elon Musk did an about-face on bitcoin, telling customers recently that the electric car giant will no longer accept bitcoin as payment for its vehicles because of concerns about the environmental impact of bitcoin mining, which is extremely energy intensive. China also has stepped up its crackdown on crypto and the United States Treasury department… Source link

Which of the following two statements bests describes bitcoin mining in China: It represents the actions of individuals acting independently and anonymously, who just happen to live in China. Even if the Chinese bitcoin miners aren’t explicitly part of a team, the Chinese government is aware of who they are and they could be induced (forced?) to collude with each other. My question goes to the heart of one of bitcoin’s BTCUSD, … Source link

Blockchain-based tokens suffered several price dives last week in response to talk of a crackdown in China and tweets by Musk. Photo: Costfoto/Barcroft Media via Getty Images Major cryptocurrencies plunged into the red on Friday morning as the crypto market continues its volatility since last week’s massive sell-off.  Bitcoin (BTC-USD) fell back below $40,000 (£28,195) during the session, trading 4.9% lower to $36,708.  The world’s second most popular crypto, ethereum (ETH-USD) crashed over… Source link

Thu, May 27, 2021 Banning Bitcoin is a bad idea New Atlanticist by JP Schnapper-Casteras Representations of the virtual currency Bitcoin stand on a motherboard. Illustration by Dado Ruvic/Reuters. It has been a lively month for cryptocurrencies, between volatile markets and Elon… Source link

Getty Images It was worth $400 five years ago, but more than $60,000 in mid-April. You can buy it at a grocery store or gas station by using one of the 32,300 ATMs selling it. And it plays a leading role in many scams now… Source link

The crypto market bounced then lost steam over the past 24 hours, perhaps fueled by the behavior of new market participants joining this current bull cycle. Meanwhile, market data continues to suggest more and more ether being deployed and traded on the spot market to rival BTC. Bitcoin (BTC) trading around $38,224 as of 21:00 UTC (4 p.m. ET). Gaining 1.3% over the previous 24 hours. Bitcoin’s 24-hour range: $37,600-$40,702 (CoinDesk 20) Ether (ETH) trading around $2,720 as of 21:00 UTC (4… Source link

First Move’s Julia Chatterley spoke to Fred Thiel, CEO of Marathon Digital Holdings, Wednesday, where he spoke about the call, mining and climate and where bitcoin prices might go. Can you tell us what happened on that call and perhaps what role Elon Musk played, too? Thiel: I think the call’s purpose really was to help Elon understand really how power is used by the bitcoin mining industry and the bitcoin mining industry’s commitment to using carbon-neutral power. Overall our footprint will… Source link

The Biden administration, lawmakers, and central bankers are wrestling with fresh challenges posed by cryptocurrency, conferring in numerous meetings amid recent volatility in digital assets. White House officials were briefed by career staff members at the Treasury Department about the risks posed by cryptocurrency earlier this month, said two people familiar with the matter. The issue has also been raised in conversations with federal regulators involving the department’s Office of the… Source link