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A group of researchers have warned China that without more stringent regulations and policy changes, the amount of bitcoin mining performed in the country could undermine global sustainability efforts. The energy consumption and carbon emissions associated with bitcoin mining are accelerating rapidly in China, the researchers claim in work published in Nature Communications this week.  The researchers… Source link

Bitcoin‘s (CRYPTO: BTC) struggle to breach $60,000 has proved that the price is a crucial resistance level in the current bull run. What Happened: However, the cryptocurrency has also found strong support at $50,000 and an even stronger price floor at $40,000, according to research from Chainalysis. According to the firm’s chief economist, Philip Gradwell, recent data indicates “strong support for high prices.” Gradwell finds that 3.1 million Bitcoins have… Source link

Mark Cuban, the billionaire investor made famous by the reality television series Shark Tank, has changed his tune on bitcoin and cryptocurrencies in recent months. Cuban made headlines when he said he’d “rather have bananas than bitcoin,” calling crypto “too complicated.” But the Dallas Mavericks owner has since come around to cryptocurrencies, praising the emerging decentralized finance (DeFi) space—which is largely built on top of the second-largest cryptocurrency after bitcoin,… Source link

Topline The Sacramento Kings plan to offer bitcoin as a payment option to all players and coaches, the team’s owner, Vivek Ranadivé, said Monday night, in the most recent example of the NBA’s rush to embrace cryptocurrency and digital assets.  Owner of the Los Angeles Clippers, Steve Ballmer, (L) poses with owner of the Sacramento Kings, … [+] Vivek Ranadivé, (R) before a game at Golden 1 Center on March 01, 2019 in Sacramento, California. (Photo by Cassy Athena/Getty Images) … Source link

Litecoin has been among the worst performers in the crypto market in 2020 and 2021 thus far, despite the coin’s longevity in the top ten assets by market cap. The coin’s fortunes could soon turn completely around, due to what looks to be a monster-sized move brewing against Bitcoin on the altcoin trading pair. Here’s why technicals suggest that near and mid-term Litecoin should outperform the top cryptocurrency by miles. Litecoin Longevity Helps Altcoin Maintain Top Ten Crypto Cap… Source link

Bitcoin trading on CoinbaseSource: TradingView Bitcoin (BTC) was trading around $58,246.41 as of 20:00 UTC (4 p.m. ET). Slipping 1.31% over the previous 24 hours. Bitcoin’s 24-hour range: $57,421.85-$59,484.20 (CoinDesk 20) BTC trades below its 10-hour and 50-hour averages on the hourly chart, a bearish signal for market technicians. Bitcoin’s futures premium creeps back up Source: Skew Recently, bitcoin’s price movements have been, well, less exciting than the triple- and sometimes… Source link

Despite a lack of fundamentals, Litecoin appears headed to new highs as it seeks to complete the break of the symmetrical triangle on the daily chart of the LTC/USD pair.  There are indications that the upcoming direct listing of crypto exchange Coinbase could be the trigger for the renewed upsurge in Litecoin, even as Bitcoin prices to which it is correlated continue to stagnate around $57,000. Litecoin has lagged behind Bitcoin and Ethereum in terms of… Source link

At Tuesday’s prices, Bitcoin (CRYPTO:BTC) is up more than 700% in the past year, and 13,500% in the past five years. Those are life-changing returns — and some analysts still see big gains on the horizon. For instance, investment bank JPMorgan Chase said Bitcoin’s price could hit $146,000, a massive increase from today’s prices around $58,000. More recently, Ark Invest CEO Cathie Wood explained how its price could climb to over $400,000. In other… Source link

Less than 24 hours after an altcoin rally pushed the market valuation of the entire cryptocurrency market over the $2 trillion mark, a 15% jump this morning has investors rethinking their Litecoin (CCC:LTC-USD) price predictions. Source: Wit Olszewski / Shutterstock.com The surge was led by Bitcoin (CCC:BTC), which has now held its own market cap above $1 trillion for a week. Analysts said as long as the biggest crypto holds above $53,000, it will be able to maintain that market… Source link

Key Takeaways Following a month-long stagnation period, Litecoin seems ready to resume its uptrend. The breakout from a consolidation pattern suggests LTC could rise to $290. Speculation over the upcoming Coinbase IPO listing appears to be influencing this cryptocurrency’s price action. Share this article Litecoin’s lackluster price action may have finally concluded. LTC finally broke through a crucial resistance level that could see its market value rise by nearly 40%.  Litecoin… Source link