Despite the market crash, Bitcoin (BTC) miners appear only marginally affected with reduced revenues in May, according to data from analytics tool Coin Metrics.
Crypto’s epic 2021 bull run to a new all-time high of $60,000 was primarily driven by institutions and traditional investors. While Tesla’s dalliance with Bitcoin made headlines around the globe, the carmaker is far from the only firm to be dabbling in crypto. Traditional firms that would previously have shied away from digital assets are […]
This article takes a closer look at recent reports coming out of China about potential upcoming regulations that could result in a a partial or total ban on Bitcoin mining in that country. Tuesday’s Announcement by Three Chinese Self-Regulatory Organizations Last Tuesday (May 18), Shanghai Securities News (SSN), “China’s leading financial newspaper and the China […]
Bitcoin is back above $40K as the coin recovered from the biggest crash in a year with the supporters remaining bullish throughout Black Wednesday as we can see more in our latest Bitcoin news today. After the market’s steepest crashes, Bitcoin is back above $40K and the crypto community remained bullish throughout the blood-red market. […]
The world’s most successful cryptocurrency, according to Coin Metrics, plummeted by 30 percent on Wednesday morning to just above $30.000. The price is slowly regaining momentum towards the $40,000 mark. Similarly, data from Cryptoquant shows that 17 Billion Bitcoin longs have been liquidated so far today.. Bitcoin Dumps on Attack In less than 24 hours,Read More
On Wednesday (May 12), just three weeks after agreeing with Jack Dorsey that “Bitcoin incentivizes renewable energy”, Elon Musk shook the crypto market by announcing that Tesla is no longer accepting BTC as a payment method. On February 8, the world learned from Tesla’s latest annual report (Form 10-K) that the company had invested $1.5 […]