Bitcoin News

Russian Leaders Push for Bitcoin Trading and Mining Regulations  
Russian Leaders Push for Bitcoin Trading and Mining Regulations  

Russia’s leaders are pushing for fair Bitcoin regulations.  Minister of Finance urges for Bitcoin sales license for Russian banks. Chamber of Commerce wants to accept Bitcoin mining as established businesses. Another country has stepped up in an effort to introduce effective crypto regulations within its borders. Indeed, this time it is Russia to make exciting announcements pertaining to crypto regulations.  To highlight, Russia’s Ministry of Finance is pushing for letting banks sell Bitcoin. Meanwhile, the country’s Chamber of Commerce is all for allowing Bitcoin mining to be recognized as an established business.   In detail, Russia’s Minister of Finance — Anton

2 mins read
Portugal and Thailand Choose To Exempt Tax on Bitcoin and Cryptos
Portugal and Thailand Choose To Exempt Tax on Bitcoin and Cryptos

Portugal and Thailand have chosen to exempt tax on Bitcoin and cryptos. India will take 30% tax from income made from crypto sales transactions. More and more countries are slowly taking steps to accept the use of cryptocurrencies.  It seems the time for crypto and Bitcoin to be legally accepted by world governments is finally dawning this 2022. According to multiple announcements, many nations are taking active steps to acknowledge the use of Bitcoin and other cryptos.  According to Blockworks’ multiple tweets, many nations are slowly taking official steps to accept the use of cryptocurrencies. Most recently, the crypto news

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Bitcoin Starts Rally as MicroStrategy Announces BTC Buy
Bitcoin Starts Rally as MicroStrategy Announces BTC Buy

Bitcoin price is rallying toward the $40,000 psychological resistance level. The upward price movement is due to India’s announcement that it will not ban crypto. MicroStrategy also purchased an additional 660 bitcoins. Christmas appears to have come very early, as Bitcoin price is rallying after a prolonged downtrend. In fact, Bitcoin is now flirting with the $40,000 psychological resistance level after dipping as low as $32,000 in the last week. As we can see in the chart above, Bitcoin is now reclaiming its previous bullish positions in a convincing manner. From a dip of as low as $32,000, Bitcoin price

1 min read
Bitcoin RSI Comeback: $40K BTC Price Soon?
Bitcoin RSI Comeback: $40K BTC Price Soon?

Bitcoin RSI has inspired various suggestions from crypto analysts. In the last 24 hours, Bitcoin was almost overbought. An RSI indicates whether an asset is overbought or oversold. Bitcoin’s Relative Strength Index (RSI) recently became a hot topic in the crypto space. This was when price analysts Lark Davis and PlanB mentioned Bitcoin’s interesting movement in terms of the mentioned price indicator. Davis noted that in the 1-day chart, Bitcoin saw a similar trend in which it bounced back by +130% after hitting a prolonged downtrend in RSI. He said that Bitcoin’s RSI is in the same pattern at the

2 mins read
Bitcoin Price Continues Decline Despite Google Crypto Adoption
Bitcoin Price Continues Decline Despite Google Crypto Adoption

Bitcoin is continuing its weak price action and is currently trading at $39650. The bearish sentiment is prevailing despite news that Google is tiptoeing into crypto. One major source of FUD is Russia joining Singapore in their crypto crackdown. Bitcoin is continuing its weak price action for roughly two months now after an astounding run from October to November 2021. In fact, Bitcoin is only barely able to defend its $39,000-$40,000 support zone from bears. At the time of writing, Bitcoin price is at $39654.54, according to CoinGecko. As seen on the chart, bulls attempted to pump Bitcoin price today,

1 min read
Jack Dorsey's Block Firm Eyes Bitcoin Mining and Hardware Wallet Creation
Jack Dorsey’s Block Firm Eyes Bitcoin Mining and Hardware Wallet Creation

Jack Dorsey’s company, Block, announced the creation of a Bitcoin mining machine. The company also plans to create a hardware wallet for the next 100 million Bitcoin users. Jack Dorsey’s company, Block, announced its interest in the creation of a Bitcoin mining machine. This news came from the recent post of the official Linkedin account of the Block company that is searching for individuals that will help them in developing Bitcoin mining ASIC. Indeed, this job posting made by the Block company catches the attention of professionals globally. This made Bitcoin Archive react in a tweet post, The people that

1 min read
Bitcoin Surges as Cash App Roll Outs Bitcoin Lightning Payments
Bitcoin Surges as Cash App Roll Outs Bitcoin Lightning Payments

Cash App integrates the Bitcoin Lightning Network. This offers faster Bitcoin payments and transactions for Cash App users.  The price of Bitcoin (BTC) briefly surged within 24 hours of the announcement. The popular mobile payment service — Cash App is happy to announce the integration of Bitcoin lighting payments on its platform. Since the announcement, the value of Bitcoin (BTC) surged by 1.3% in the last 24 hours.  In particular, Cash App allows its users to buy, send, hold, sell, and receive Bitcoin (BTC). Thus, with this Lighting Network integration, users on the platform will enjoy faster Bitcoin transactions.  In

2 mins read
Breast Cancer Firm Accepts BTC, SHIBA and DOGE, Joins the Giving Block
Breast Cancer Firm Accepts BTC, SHIBA and DOGE, Joins the Giving Block

The Susan G. Komen foundation accepts Bitcoin, Shiba Inu, and Dogecoin. Susan G. Komen partnered with The Giving Block to enable crypto donation. Bitcoin, Shiba Inu and Dogecoin are now accepted by Susan G. Komen foundation, the largest breast cancer charity organization. In detail, the charity firm partnered with The Giving Block, a leading crypto donation solution platform to make this happen.  This made Susan G. Komen react, The post made by the foundation expresses their excitement about the new project that involves crypto assets. “Through a partnership w/ @TheGivingBlock, Susan G. Komen now accepts #cryptocurrency as a form of

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BTC Falls Below Key Support. Is Ethereum Era Coming?
BTC Falls Below Key Support. Is Ethereum Era Coming?

Bitcoin price has fallen below the key support level at $46,000. Market indicators suggest a longer road to recovery. Meanwhile, Ethereum market dominance is at 20% while Bitcoin dominance is at 38.6%. The crypto market is still in a bloodbath, and all hopes of having an over-the-top end of the year rally seems to have evaporated. In particular, Bitcoin has fallen below a key support price at $46,000. This support level has been pivotal to keep Bitcoin price from going bearish. As we can see from the chart above, the $46,000 key support has been crucial to Bitcoin price recovery.

3 mins read
Idaho Central Credit Union Now Accepts Bitcoin Transactions
Idaho Central Credit Union Now Accepts Bitcoin Transactions

Credit union in Idaho, U.S. accepted Bitcoin services into its banking platform. Idaho Central Credit Union partnered with NYDIG, an institutional Bitcoin broker Bitcoin, the king of crypto assets, continues to be acknowledged by investors and companies around the world. Recently, the largest credit union in Idaho, U.S., has accepted Bitcoin services into its banking platform. In detail, Idaho Central Credit Union has partnered with NYDIG, an institutional Bitcoin broker.   This made Patrick Sells, chief innovation officer at NYDIG react:  “ICCU’s focus on member experience and on providing a diverse array of solutions has enabled it to build a reputation

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Germany’s Top Savings Bank to Offer Bitcoin to Clients
Germany’s Top Savings Bank to Offer Bitcoin to Clients

Sparkasse will enable clients to buy, sell, and hold Bitcoin. Sparkasse is Germany’s largest savings bank with over 50 million clients. At the time of writing, Bitcoin price is at $47,591.88. Germany’s biggest savings bank Sparkasse is planning to enable its clients to buy, sell, and hold bitcoins. According to various media sources, the bank is already working toward the mentioned goal and will possibly launch the service in 2022. This ongoing project of Sparkasse was previously confidential, although German publication Finance Forward revealed the details today. Earlier, the bank has been very cautious of cryptocurrencies and has been informing

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Bitcoin Withdrawal Enabled After $200M BitMart Hack
Bitcoin Withdrawal Enabled After $200M BitMart Hack

BitMart has now enabled bitcoin withdrawals from its exchange. The crypto exchange got hacked recently, in which $200 million worth of cryptocurrency was stolen. Deposit and withdrawal functions for Ethereum and ERC-20 tokens went online on December 7. Amid the recent BitMart hack, the exchange now allows users to deposit and withdraw their bitcoins and other major cryptocurrencies. These include Solana (SOL), Kusama (KSM), and more. According to an email sent to BitMart users, the exchange is still conducting its investigation regarding the security breach. Specifically, on December 4, a person that they have yet to identify has gained access

1 min read