Bitcoin’s affair above $30,000 didn’t last long once again, as the asset fell beneath that level rather violently and even dipped to $29,000. The altcoins are in no better condition, with Ethereum sli...
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Crypto Markets Are ‘Bigger Than Subprime Mortgages Before the Financial Market Crisis’ – Bitcoin News
Pablo Hernandez de Cos, governor of the Bank of Spain, has again warned about cryptocurrencies and the growth that the crypto market is experiencing. Hernandes de Cos stated that, while the market is ...
Argentina Embraces Bitcoin in the Face of Rising Inflation
The people of Argentina are financially conscious by necessity. The country has been in a vicious cycle of hyperinflation and stabilization for decades. The recent turn of inflation that started in 20...
Bitcoin mining stock report: Thursday, June 2
Bitcoin miners faired better on the stock markets Thursday, with many recovering by a few percentage points. Most notably, BIT Mining’s stock was up by +12.44%, Cipher Mining’s +11.78% and...
Dubai Property Developer Completes Real Estate Deals Worth $50M via Crypto – Featured Bitcoin News
According to an executive with the Dubai-based DAMAC Properties, the real estate development “company has already succeeded in concluding real estate deals worth $50 million via cryptocurrencies since...
5 reasons why Bitcoin could be a better long-term investment than gold
The emergence of forty-year high inflation readings and the increasingly dire-looking global economy has prompted many financial analysts to recommend investing in gold to protect against volatility a...
El Salvador still not ready to launch bitcoin bond, finance minister says
El Salvador’s leaders still do not think it is the right time to launch its highly-anticipated bitcoin bond, finance minister Alejandro Zelaya said during a national television news show on June...
Bitcoin’s move to $32.4K was a fakeout — Here’s the price level most BTC traders are waiting for
The end of the first week in June brought more pain to global financial markets as the tech-heavy Nasdaq composite closed the day on June 3 down 2.3%, while the S&P 500 shed 1.4% of its value. Th...
Stocks surge, altcoins give back their gains and dollar strength may push Bitcoin lower
Between May 23 and 27, the equities markets had an impressive run, with the tech-heavy NASDAQ (NASDAQ: QQQ) ETF up over 7% and the S&P 500 (NYSE: SPY) up over 6.50%. However, this week’ whip...
Bitcoin Is at Inflection Point, Says Bloomberg Analyst Mike McGlone
Alex Dovbnya Bloomberg’s Mike McGlone has named the biggest headwind for Bitcoin in 2022 In a recent tweet, Mike McGlone, senior commodity strategist for Bloomberg Intelligence, has opined that ...
Miami mayor says that Bitcoin can be a global currency
Kristina Cornèr, Cointelegraph’s editor-in-chief, sat down with Miami Mayor Francis Suarez at the recent World Economic Forum held at Davos, Switzerland, to discuss topics like the role the mayo...
BTC, ETH and XRP Price Analysis for June 3
Bears have kept the pressure on, and the rates of all top 10 coins are going down. Top coins by CoinMarketCap BTC/USD Bitcoin (BTC) continued the drop after the failed attempt to fix above the $30,000...
Over 200K BTC now stored in Bitcoin ETFs and other institutional products
Bitcoin (BTC) investment vehicles are seeing “gargantuan” inflows this month, which is a fresh sign that traders’ appetite for BTC exposure is mounting. Data from monitoring firm Arcane Research publi...
Most Cryptocurrencies Might Collapse, But Bitcoin and Ethereum Will Outlast All: FTX US CEO
With over 19,000 digital assets in the crypto space and dozens of blockchain platforms, Brett Harrison, CEO of cryptocurrency exchange FTX U.S., said that hundreds of these might not last. All of thes...
New York Senate Passes Bill Banning Bitcoin Mining
New York lawmakers have passed a moratorium that seeks to bar Bitcoin mining operations for two years in order to ease environmental concerns. The state of New York has banned certain Bitcoin (BTC) mi...
Bitcoin Dominance Climbs to Highest Level Since October 2021 as Ethereum Underperforms
Alex Dovbnya Bitcoin’s dominance has increased to highest level since late October Bitcoin’s dominance spiked above 47% for the first time since Oct. 20 earlier today. Image by tradingview...
Bitcoin bounces to $30.7K as analyst presents Stock-to-Flow BTC price model rehash
Bitcoin (BTC) climbed to fresh local highs overnight into June 3 after United States equities cut losses. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Wall Street provides short-term re...
Ethereum transition is more attractive than Bitcoin
Dawn Fitzpatrick, chief operating officer of Industrial Organizations at Soros Fund Management, doubled down on her pro-crypto stance, predicting the plus category is here to stay. She believes that c...
Central Bank Digital Currencies Could Kill Cryptocurrencies – Regulation Bitcoin News
Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar says central bank digital currencies could “kill whatever little case there could be” for cryptocurrencies, like bitcoin and ether. RBI’s Dep...
New York State Senate passes Bitcoin mining moratorium
The New York State Senate approved a controversial proof-of-work (PoW) mining ban bill that would prohibit any new Bitcoin (BTC) mining operations in the state. The PoW mining ban bill was first passe...
Bitcoin and Other Cryptocurrencies Are Valueless – crypto.news
Fear, Uncertainty, and Doubt (FUD) is a marketing strategy used to fight against products by spreading rumours. One common crypto FUD is that Bitcoin and Altcoins are valueless. Are they? Claim In 202...
Bitcoin Signals This Familiar Trend Typical of Bear Markets: Details
On-chain analytics platform IntoTheBlock notes a familiar trend that is typical with Bitcoin in most bear markets—investors with long-term horizons grow their holdings during bear markets. According t...
Bitcoin, Ethereum, Celo, and Gala Daily Price Analyses – 3 June Roundup
The global crypto market hasn’t been able to revive momentum as its value has continued to lower. The negative changes have continued for a day and have considerably affected Bitcoin and other altcoin...
Kenyan energy company entices Bitcoin miners with geothermal power
Kenyan energy company KenGen has put out a call to Bitcoin (BTC) miners to move nearby and buy its excess renewable power capacity. KenGen claims 86% of its energy is generated from renewable sources,...
China Targets Xinjiang’s Development Park for Introducing Bitcoin Mining in 2018
In a new report, a central leading group for the inspection work of ecological and environmental protection said that ecological and environmental problems in some of the areas of Xinjiang Uygur Auton...
Bitcoin bond still on hold, El Salvador accused of human rights violations
El Salvador’s Finance Minister Alejandro Zelaya has said the country will further delay launching its anticipated billion-dollar Bitcoin (BTC) bond, citing price volatility and uncertain market condit...
Tesla CEO Elon Musk Has ‘Super Bad Feeling’ About US Economy — Biden Responds – Bitcoin News
Tesla and Spacex CEO Elon Musk says he has a “super bad feeling” about the U.S. economy. President Joe Biden responded with a list of major investments by large corporations and wished Musk luck on hi...
Argentina better than El Salvador at Adopting Bitcoin Despite Government Push to use bitcoin
El Salvador’s government encouraged people to use Bitcoin, but Argentina’s crypto growth was mostly spontaneous. The techniques and consequences of the two paths – top-down and bottom-up – are signif...
Caribbean Islands, Dubai, Mumbai — Bitcoin Cash Adoption Continues to Swell Worldwide – Coinotizia
Bitcoin cash supporters are known for spreading adoption over the years and 2022 is no different. This year, the peer-to-peer cryptocurrency bitcoin cash has seen significant adoption throughout the i...
El Salvador delays the launch of its Bitcoin bonds
El Salvador’s Bitcoin bonds could not be launched any time soon. The delay could be attributed to the slump in cryptocurrency prices, given the global cryptocurrency market is over 50% below the all-t...