Bitcoin

Dispelling-Bitcoins-False-Environmental-Propaganda
Dispelling Bitcoin’s False Environmental Propaganda

The environment is not negatively impacted by the Bitcoin network: Michael Saylor. Congressmen are urging against “Proof-of-Work” (POW) mining. Miners are considered wholesale energy customers. According to Michael Saylor, the Bitcoin network has no detrimental effects on the environment. In a letter published, the Bitcoin maximalist, MicroStrategy executive chairman, and suspected tax evader said that mining is “the most efficient, cleanest industrial use of power.”  According to him, the output cost of the Bitcoin mechanism is 100 times higher than the input cost. According to Michael Saylor, Bitcoin is powered by stranded, surplus energy that is produced at the grid’s

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Current-Bear-Market-Could-Be-Best-and-Last-Chance-to-Buy
Current Bear Market Could Be Best and Last Chance to Buy

One investor says now is the ebay time to buy crypto assets.  They remember what previous dips were like and how they preceded massive bull runs. Many are buying every month as they await the bull run. The last few months have been more than challenging for the crypto market and the crypto community is looking everywhere for signs of hope. The overall sentiment seems to be to buy the super dip, but is the super dip truly here?  According to a discussion on the CryptoCurrency thread on Reddit, one user advises the crypto community to buy what they feel

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$69B-out-of-the-crypto-market-cap-in-the-past-24-hours
$69B out of the crypto market cap in the past 24 hours

$69 billion was lost in the cryptocurrency market within a single day. Bitcoin prices plummeted by nine percent, hovering around the $20,300 mark. S&P 500 is down over four percent from last week. According to reports, the cryptocurrency market has seen $69 billion of its value wiped out in 24 hours alone as leading cryptocurrencies continue an almost week-long sell-off. Bitcoin dropped by nine percent to around $20,300, its lowest price since July 2021, while Ether dropped six percent to $1,611 its lowest price since late July. Bitcoin has also been compared to “digital gold,” a potential safe-haven asset and

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Bahrain-Launches-Bitcoin-Payments-Tests-with-OpenNode
Bahrain Launches Bitcoin Payments Tests with OpenNode

Bahrain becomes the latest player in the Bitcoin adoption game. The country is testing Bitcoin payments with assistance from OpenNode.  They are doing so with the approval of the Central Bank of Bahrain’s Regulatory Sandbox. Bahrain is conducting tests to check Bitcoin payment infrastructure via OpenNode. The island nation is doing so with the approval of the Central Bank of Bahrain’s Regulatory Sandbox. Much like other Middle-Easterns nations, Bahrain is also gaining momentum in the crypto and blockchain sphere. So far, Bitcoin payments have pretty much been out of the question in Bahrain. This sudden interest is proof that Bitcoin

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More-Than-500M-New-Consumers-Could-Buy-Crypto-By-2030
More Than 500M New Consumers Could Buy Crypto By 2030

An estimated 500 million more investors will enter the financial market by 2030. In 2017, there were only less than 7 million crypto investors. The price of Bitcoin is currently $22k per unit. According to a news story shared by economic and macro analyst Alex Krüger, 500 million more investors will enter the financial market by 2030, bringing the total number of investors to 2.6 billion, according to his calculations. According to the data in the study, a new layer of investors will develop in Asian and African countries. The two primary regions that provided most of the capitalization for

1 min read
Pierre Poilievre's Conservative leadership victory
Pierre Poilievre’s Conservative leadership victory

Pierre Poilievre was chosen as leader of the Conservative Party of Canada. He said that he wanted Canadians to have more control over their own money. He is a great supporter of Bitcoin and cryptocurrencies. On Saturday, Pierre Poilievre was elected leader of the Conservative Party of Canada. Pierre is a partisan firebrand who blames Canada’s inflation on Justin Trudeau’s Liberal government and opposes vaccine requirements. A 43-year-old career politician, Poilievre served in Stephen Harper’s Cabinet as a Minister. While in London, Ontario, Poilievre stated that he desired Canadians to have more control over their own money. He put cryptocurrencies

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Brazil Surpasses 1M Bitcoin And Crypto Users
Brazil Surpasses 1M Bitcoin And Crypto Users

For the first time, more than 1 million people in Brazil use Bitcoin and other cryptocurrencies. Bitcoin and other cryptocurrencies have become increasingly popular. Crypto adoption at large has seen a surge in 2022. Brazil has seen a surge in Bitcoin and cryptocurrency adoption over the past year, with the number of users now surpassing 1 million for the first time. This data comes from a new report from the South American country’s tax authority, Receita Federal, which showed that 1.33 million Brazilians made crypto purchases in July, 68% more than in June. The researchers only included crypto purchases made

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S&P-500-Bounced-Off-Support,-Crypto-Rally-Underway
S&P 500 Bounced Off Support, Crypto Rally Underway?

The level of the S&P 500 stock index demonstrated a rebound off the support. Cryptocurrency at large has proved resilient in the past months. Sustained trading above the 100 SMA might result in fresh multi-month highs. According to a market analysis by a Twitter analyst, Lark Davis, the cryptocurrency rally is underway. This comes after the S&P 500 stock index level showed a bounce off of the support. This indicates a positive trend in the market which has been in bearish sentiment for the past few months. Even after Wednesday’s rise, markets are still mostly declining. Some investors are staying

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Gensler-Supports-CFTC-as-Bitcoin,-Ethereum-Regulator
Gensler Supports CFTC as Bitcoin, Ethereum Regulator

Gary Gensler approves of the notion that CFTC will regulate cryptocurrencies deemed as commodities. So far, only Bitcoin and Ethereum are recognized by the commission as commodities. SEC has filed a lawsuit against 200 persons and companies who dabbled in cryptocurrencies. Securities and Exchange Commission (SEC) Chairman Gary Gensler expressed his support for the transfer of oversight for Bitcoin and Ethereum — cryptocurrencies that the watchdog considers commodities and not securities.  Gensler believes that these two leading crypto assets can now be regulated by the Commodity Futures Trading Commission (CFTC). According to an article by the Wall Street Journal, Gensler

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Bitcoin-Bottom-Indicators-Predicts-the-Bottom-Is-in
Bitcoin Bottom Indicators Predicts the Bottom Is in

The crypto community gets 9 detailed charts that suggest the place of the Bitcoin bottom. The Bitcoin bottom seems to be in according to the majority of Bitcoin bottom indicators.  While the majority point to the bottom being in, there are some indicators saying not yet. According to one Bitcoin enthusiast, there are many ways to predict the price behavior of Bitcoin. The analyst goes on to list 9 possible Bitcoin bottom indicators to predict whether the Bitcoin bottom is finally in.  In detail, a user shared their Bitcoin bottom prediction on the Reddit CryptoCurrency thread. In response, many are

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Latest-Bitcoin-(BTC)-Dip-Crushes-Crypto-Market,-Here’s-How
Latest Bitcoin (BTC) Dip Crushes Crypto Market, Here’s How

The Bitcoin (BTC) price fell unexpectedly as it dips towards $18,000. As the price continues to fall, a crypto enthusiast shares their analysis for the masses.  The analysis goes into detail on what needs to happen for the price to stop dropping. A closer look at the Bitcoin (BTC) charts could reveal why the crypto market took a sudden downward plunge today. In particular, one analyst shares their point of view and diagnoses the crypto market for the crypto community.  The price of Bitcoin (BTC) fell hard today, it went from a price close to $20,000 to a price closer

2 mins read
Bitcoin-(BTC)-Meets-Lowest-Daily-Close-Since-2020
Bitcoin (BTC) Meets Lowest Daily Close Since 2020

The price of Bitcoin (BTC) fell harshly as it dipped below $19,000. Bitcoin’s price now staggers towards the $18,000 mark as it continues to fall.  The community says major Bitcoin-centric news later this September could turn the tides. The price of Bitcoin (BTC) fell hard today. More so, it fell unexpectedly in the eyes of many, and is still continuing on its downward red trend. The crypto community is quite disheartened by the crypto market as other altcoins have also followed Bitcoin’s price dip.  In a shocking turn of charts, the price of Bitcoin (BTC) fell towards $18,000. According to

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