The bitcoin mining hub has slowly been losing its dominance in the global hash market. Over the past few weeks, Bitcoin markets have had to deal with a swarm of bad news coming out of China. It started with rumors that miners in Sichuan had gone offline after the province limited energy-intensive industrial activities, such […]
For the first time in eight years, more hash rate was channeled from outside of China, the operator of one of the world’s oldest Bitcoin mining pool, F2Pool, notes as per a tweet on May 4. Bitcoin Hash Rate: The Shift in Distribution Bitcoin’s autonomy is because miners willingly channel computing power using expensive and […]
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Mayor Francis Suarez has been taking huge initiatives to promote Bitcoin (BTC) and crypto innovation in the city. In the latest development, Suarez has been successful in convincing organizers of the Bitcoin 2021 conference to move it from Los Angeles to Miami. The world’s largest in-person Bitcoin (BTC) conference is scheduled to be held between […]
Bitcoin has been flashing signs of bourgeoning technical strength in the time following its recent dip to lows of $8,100. From this point, the cryptocurrency has been able to incur a steady climb higher that has since allowed it to once again surmount the $9,000 region. BTC is now fast approaching a key trend-defining moving […]
The short-term moving average on Bitcoin’s daily chart is flattening out. The phenomenon comes after the cryptocurrency hits the highest level since mid-March sell-off. Coupled with favorable fundamentals, such as halving, the MA indicates an extended bull run towards or beyond $9,000. A lagging technical indicator that determines bitcoin’s near-term market bias has flattened out […]
Over the past few hours, Bitcoin has mounted a comeback; after falling as low as $7,590 in step with a similar drop in the price of equities, the cryptocurrency surged towards $7,900. While some say this is just volatility, there is purportedly evidence that an uptrend is forming, one that could take BTC above $8,000, […]
Following the rapid escalation of COVID-19 in California and worldwide, Bitcoin 2020 has been postponed from March 27 and 28, 2020, to Q3 of 2020. The Bitcoin 2020 team has been in close contact with health authorities, the Office of the Mayor of San Francisco and the State of California regarding this evolving situation. Following […]
Bitcoin recently made a “Golden Cross” where the 50-day moving average closed above the 200-day moving average, a positive development for traders who see it as a very bullish indicator. However, the benchmark cryptocurrency fell sharply right after forming the bullish crossover. The bitcoin-to-dollar exchange rate slipped below both the 50- and 200-DMA earlier this […]
In November, Upbit, a popular Korean crypto asset exchange, lost $50 million worth of Ethereum (ETH) from the exchange hot wallet in a seeming hack. Details on the attack remain sparse — some think it was an inside job as the word “hack” was not mentioned and due to the timing of the loss of […]
The golden cross and death cross have long helped traders predict and confirm long-term price trends. Here’s a primer for crypto investors.
Bitcoin struggles against resistance at the 0.5 Fibonacci level after a brisk bounce off its 50-day moving average as support. Is a drop to $8,000 next? Bitcoin’s (BTC’s) price has been choppy since its October spike to $10,350, giving no clear indications of where its trend will head next. Overall, crypto’s pioneer asset has been […]
Decentralized finance is making the media more often as concern grows over another global banking crisis. Ethereum is at the forefront of DeFi platforms at the moment and Maker is the market leader with over 50% share. The launch of a new multi-collateral Dai could send both higher. Ethereum Based DeFi Evolves Maker has a […]
After facing some downwards pressure yesterday, Ethereum (ETH) has been able to post a decent climb today that has allowed it to further establish its current foothold within the mid-$180 region. This price action has been strikingly similar to that of Bitcoin, and it does appear that the two assets are strongly correlated at the […]
With worldwide politics in disarray, and even the weather seemingly conspiring against humanity… Is it time to take our Bitcoin stash and move into a remote bunker yet? Bitcoin Price: Finally On The Up Again? After several weeks of consolidation, it feels like bitcoin price may finally be heading upwards again… until the next dip, that […]
After a solid rally there will always be a correction, it is in the nature of markets. Bitcoin’s parabolic surge to just under $14,000 in barely three months had to end somewhere and this week that pullback has deepened. Most are confident that a new bull market has been established so new buyback zones are […]
On Friday Bitcoin rallied a little over 6% and the rapid move above the $5,488 resistance has turned analysts like Peter Brandt and Murad Mahmudov bullish on the largest digital asset. Will BTC tackle $6,000 next? Bitcoin Price: Market Overview Things are looking up for Bitcoin price 00. Surprisingly the Tether – Bitfinex debacle appears to […]
Crypto markets consolidate on Sunday; Bitcoin holding steady, BNB still gaining, Ontology making bigger moves. Market Wrap The weekend has been typically quiet on crypto markets but that is preferable over further declines. Total market capitalization has remained above $170 billion which keeps markets within their range bound channel. Bitcoin snuck over $5,300 a few […]
Flaring, a common practice of burning off natural gas that can’t be efficiently captured and stored has reportedly reached record levels in the state of Texas. Let’s look at why Bitcoin mining would be the perfect solution to capture this energy ‘waste’ and transform it into sound money. Texas ‘Energy Waste’ Rises 85% According to […]
Moonlighting is getting funding from Block.one’s venture arm to port its users’ profiles over to the EOS blockchain.
While crypto-land is abuzz about JPMorgan’s plan to move dollars via blockchain, a smaller New York bank is already doing this.
Van Eck Associates CEO: Bitcoin Investors Are Moving to Gold Jan Van Eck, CEO of Van Eck Associates, suggested that Bitcoin (BTC) investors have moved to gold during an interview with CNBC published on Jan. 26. Van Eck declared that he thinks “that Bitcoin pulled a bit of demand away from gold last year, in 2017.” Afterward, he concluded:… […]
BTC traders were concentrating on one metric in particular this week as Bitcoin price slowly slides towards $3000. Bitcoin’s ‘All Over’ Scenario The largest cryptocurrency had recovered from fifteen-month lows over the weekend around $3130 to trade around $3200 at press time December 17. In the short term, however, the situation could deteriorate exponentially, veteran […]