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Bitcoin Price Teeters On Brink Of Dropping Below $28,000 Post Labor Day
Bitcoin price suffered a setback today, May 2, as its price slipped below the crucial $28,000 level following a four-month-long solid streak. Throughout April, the alpha coin had been on an upward tr...
Putin Says Multipolarity Trend Will Intensify — Warns Those Who Do Not Follow Will Lose – Economics Bitcoin News
Russia’s president, Vladimir Putin, says the trend toward multipolarity is inevitable and will only intensify. “Those who do not understand this and do not follow this trend will lose,” the Russian pr...
Bitcoin Price Continues Slide As Crypto Market Sentiment Takes Hit
Bitcoin price extended its decline below the $28,000 support. BTC tested $27,650 and is currently attempting a minor upside correction. Bitcoin is showing bearish signs below the $28,500 resistance zo...
Treasury Secretary Yellen Warns US Could Default on Its Debt by June 1 – Economics Bitcoin News
U.S. Treasury Secretary Janet Yellen has warned that the Treasury will not be able to pay all of the government’s debt “as early as June 1, if Congress does not raise or suspend the debt limit before ...
The Potential of Bitcoin Ordinals Explored by Grayscale’s Team
Bitcoin Ordinals or Bitcoin NFTs made the Grayscale team quite curious, thus they have decided to make their own research report on it. Late last month, Grayscale’s research team released its “Market ...
Jack Dorsey’s 5nm Bitcoin Mining Chip Will Soon Be a Reality
Jack Dorsey’s firm, Block, announced designing a 5nm Bitcoin Mining Chip prototype. Twitter’s former owner says that this chip would facilitate decentralizing the supply of BTC mining rigs. Bitcoin ...
MicroStrategy’s Bitcoin conviction ‘strong’ as it returns to profit in Q1: CEO
Business intelligence platform MicroStrategy has reiterated its commitment to its Bitcoin (BTC) investment strategy after turning its first quarterly profit since 2020. The Michael Saylor-founded fir...
US Court Orders Operator of South African Bitcoin Ponzi Scheme to Pay Over $3.4 Billion – Regulation Bitcoin News
Johann Steynberg, the founder and CEO of Mirror Trading International, has been ordered to pay over $1.73 billion in restitution to victims of his bitcoin ponzi scheme. The court has also ordered Stey...
Balaji Srinivasan ‘Not Backtracking’ on Massive Bitcoin (BTC) Bet As Probability of US Debt Default Rises
Balaji Srinivasan says that he’s not backing down from his bold call that Bitcoin (BTC) will explode to $1,000,000 on the back of a US economic crisis. In March, the former Coinbase executive placed a...
Has Bhutan Been Quietly Mining Bitcoin Since 2017? (Report)
The Kingdom of Bhutan – a landlocked country situated in the Eastern Himalayas – has reportedly used its renewable sources of energy to run a bitcoin mining operation for years. A government represent...
Bitcoin hash rates threaten blockchain decentralization
Blockchain technology was introduced in 2008 as a decentralized, secure, transparent system for managing digital transactions. Its primary aim was to provide a solution to major problems with traditio...
Is the Bitcoin Bear Market Over?
After posting 73% year-to-date (YTD) gains, investors still wonder whether the Bitcoin bear market is over. Examining historical trends and the current state of the legacy banking system may shed ligh...
Traders burn the midnight oil looking for Bitcoin entries, how Avorak AI can automate your trades
Advertisement     Trading Bitcoin can be a lucrative endeavor, but it normally requires a great deal of time and effort. Traders must stay up to date with the latest n...
Mawson Infrastructure Group Expands to New Bitcoin Mining Site in Ohio, Plans to Boost Hashpower by 1 EH/s – Mining Bitcoin News
Mawson Infrastructure Group announced on Monday that the company has secured a new mining site in Corning, Ohio. The bitcoin mining firm, on May 1, 2023, unveiled its plans to set up its miners at the...
Tech Mogul Jack Dorsey’s Bitcoin Company Block Buys Up Hardware From Intel for New Mining Operations
Jack Dorsey’s fintech company Block is buying Bitcoin (BTC) mining chips from Intel in order to boost their equipment production plans. According to a new blog post, Block’s purchase of Intel’s ASIC (...
Bitcoin BTC Price Drops Below $28K as JPMorgan Takes Over Embattled First Republic Bank
“After a breakout (BTC above ~$25,000), it’s important to pay attention to pullbacks to gauge the buy strength remaining,” bitcoin mining equipment and hosting provider Blockware Solutions Analysts wr...
Bitcoin Price Analysis: Decline to 28271
BTC/USD Weaker After Dip: Sally Ho’s Technical Analysis – 2 May 2023 Bitcoin (BTC/USD) continued to orbit technically significant levels early in the Asian session as the pair stayed close to the 285...
Bitcoin gets fresh vote of confidence as MicroStrategy adds to holdings
MicroStrategy, the software firm best known for its bet on the largest cryptocurrency by market capitalization, said Monday that it added 7,500 bitcoin to its balance sheet in the first quarter of the...
Bitcoin Is Crashing, But Transactions At New All-Time Highs
In a day when Bitcoin prices are crashing, posting worrying drops from April 2023 peaks, the underlying network is processing record transactions. Bitcoin Prices Dropping, But Why? Dune Analytics data...
Microstrategy bought $209M Bitcoin in Q1 2023; repaid Bitcoin-backed loan to Silvergate
Microstrategy continued to invest in Bitcoin over the previous quarter, as indicated by the company’s financial results on May 1. Phong Le, MicroStrategy President and CEO, said “The convi...
BTC/USD Nosedives Below $28,000 Support
Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price prediction shows that BTC may continue to drop below the moving averages as the coin faces the south. Bitcoin P...
Bitcoin Falters As President Biden Admits US Banking Sector Is Weak
U.S. President Joe Biden, speaking at the National Small Business Week on May 1, has admitted that the United States banking system is fragile. In a recent statement, the Head of State revealed that t...
Double spending problem, and how it is solved by Bitcoin
What is Double Spending There are two ways to complete any transaction, either online or offline. When you make use of physical currency say coins or paper notes, it is called offline transaction or p...
Bitcoin Erases April Gains After Slumping More Than 5% in a Day
Bitcoin on Monday slumped by 5.2%, erasing gains it had made in April when it rocketed above $30,000. The biggest cryptocurrency by market cap was trading hands for $28,275 as of 1.30 p.m. ET, accordi...
Biden Reassures Public Amid First Republic Bank Collapse, but Warns of National Debt Default – Bitcoin News
Amid the collapse of the second, third, and fourth largest banks in American history, U.S. president Joe Biden reassured the public that the country’s banking system remains sturdy. However, the presi...
Analyst Nicholas Merten Says Bitcoin Getting ‘Really Scary for the Bulls’ As BTC Clings to $28,000 – Here’s Why
A widely followed crypto analyst says that Bitcoin (BTC) is giving reason for its bulls to start getting concerned. In a new DataDash update, Nicholas Merten tells his 512,000 YouTube subscribers that...
Ohio Man Steals $21M in Bitcoin From Brother, Gets Four Years in Prison
Gary James Harmon of Ohio was sentenced to four years and three months in prison for stealing 712 Bitcoin that belonged to his brother, the U.S. Department of Justice has announced. Harmon pleaded gui...
Veteran Analyst Peter Brandt Says This Level Is Of “Huge Significance” To Bitcoin ⋆ ZyCrypto
Advertisement     After performing moderately well in April, albeit all the FOMO and regulatory scares, Bitcoin stepped into May with its head down, dropping over 5% d...
Bitcoin pulls back to start May as First Republic Bank saga comes to an end
Bitcoin is under pressure as the Federal Reserve has indicated that rates could go higher than expected and after a major crypto-focused lender, Silvergate Capital, collapsed. Jonathan Raa | Nurphoto ...
Bitcoin Turns Down Below $29K, Pointing Out Fed!
11 seconds ago | 2 mins read Bitcoin News Bitcoin faces a subsequent fall for the consequent four days. Expecting the upcoming May 4th FOMC meeting could be a timely help over the fall. As per the ins...
Bitcoin Weekly Transactions Hit New High As Ordinals Mint Goes Past 2.5 Million, Sets New Record ⋆ ZyCrypto
Advertisement     Bitcoin’s weekly average transactions reached its highest point since Dec 2017, totalling about 396,000 this past week, according to IntoTheBlock. Th...