Bitcoin

China is one of the most crypto and Bitcoin-hostile countries on earth. Back in 2017, the People’s Bank of China (PBOC) banned the operation of exchanges in China. In May 2021, Chinese authorities ordered a ban on Bitcoin mining. At the end of September 2021, the Chinese central bank banned all crypto transactions. Nevertheless, the controversial founder of Tron, Justin Sun, believes that China could soon celebrate a crypto comeback. In a Twitter thread, Sun wrote that China has taken a… Source link

Representation of Bitcoin cryptocurrency is seen in this illustration photo taken in Krakow, Poland on January 29, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Bitcoin (BTC-USD) withdrew from a weekend high of close to $24,000, falling into the mid $23,000 zone as crypto investors cautiously await this week’s US Federal Reserve interest rate meeting. Weekend buying pressure saw the crypto market turn optimistic ahead of Tuesday and Wednesday’s meetings of the Federal Open Market… Source link

Representation of Bitcoin cryptocurrency is seen in this illustration photo taken in Krakow, Poland on January 29, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Bitcoin (BTC-USD) withdrew from a weekend high of close to $24,000, falling into the mid $23,000 zone as crypto investors cautiously await this week’s US Federal Reserve interest rate meeting. Weekend buying pressure saw the crypto market turn optimistic ahead of Tuesday and Wednesday’s meetings of the Federal Open Market… Source link

Representation of Bitcoin cryptocurrency is seen in this illustration photo taken in Krakow, Poland on January 29, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Bitcoin (BTC-USD) withdrew from a weekend high of close to $24,000, falling into the mid $23,000 zone as crypto investors cautiously await this week’s US Federal Reserve interest rate meeting. Weekend buying pressure saw the crypto market turn optimistic ahead of Tuesday and Wednesday’s meetings of the Federal Open Market… Source link

Bitcoin (BTC) use in Guatemala is on the up. The Latin American country that borders El Salvador boasts Guatemalan-grown Bitcoin companies such as Ibex and Osmo, several Bitcoin Beach-inspired projects including Bitcoin Lake, and now, free BTC tattoos. A Bitcoin merchant adoption competition hosted by Osmo Wallet in 2022, a Guatemala-based Bitcoin company, led to the free ink promotion. Cointelegraph spoke to Piero Coen, the co-founder of Osmo Wallet, and Steven Marroquin, the owner of… Source link

As Bitcoin (BTC) shows a minor bull run, the connected sub-ecosystems’ year-long struggle for survival has started to pay off. For starters, the Bitcoin mining community experienced a 50% increase in revenue — through mining rewards and transaction fees — in the first month of 2023. On Dec. 28, 2022, Bitcoin mining revenue dipped to $13.6 million for the first time since October 2020. This, coupled with rising energy prices amid geopolitical tensions, imposed tremendous financial… Source link

A crypto strategist who nailed Bitcoin’s (BTC) 2018 bottom believes we’re in for a rough few weeks after this year’s bullish start. Pseudonymous analyst Smart Contracter tells his 219,300 Twitter followers that many altcoins have already completed their five-wave rallies. The analyst is referring to the core principle of the Elliott Wave theory, a technical analysis approach that tries to predict future price action by following crowd psychology that tends to manifest in… Source link

Bitcoin (BTC) starts a key week with a familiar cocktail of price spikes mixed with fear that the bear market will return. After sealing its highest weekly close in almost six months, BTC/USD remains over 40% up year-to-date with the monthly close just 48 hours away — can the gains hold? Against all odds, Bitcoin has rallied beyond expectations this month, making January 2023 so far its best in a decade. Throughout, concerns have called for an imminent comedown and even new macro BTC price… Source link

Bitcoin’s mining difficulty level rose 4.68% on Sunday, hitting an all-time high, as the networks’ hashrate also continued to increase. See related article: Blockstream says it raised US$125 million to expand Bitcoin mining operations Fast facts The mining difficulty reading came in at 39.35 trillion at block height 774,144 in Sunday’s biweekly adjustment, following a 10.26% rise in the previous adjustment on Jan. 16, according to data from BTC.com. The latest Bitcoin mining difficulty… Source link

The recent launch of a nonfungible token (NFT) protocol on the Bitcoin mainnet has the crypto community divided over whether it’ll be good for the Bitcoin ecosystem.  The protocol, referred to as “Ordinals,” was created by software engineer Casey Rodarmor, who officially launched the program on the Bitcoin mainnet following a Jan. 21 blog post. The protocol essentially allows for the Bitcoin version of NFTs — described as “digital artifacts” on the Bitcoin network. These… Source link