Category: Bitcoin

Woo noted reports identifying the blackouts were published late last week, with the power outages occurring to facilitate safety inspections in response to a recent flooding accident at a local coal mine that saw 21 miners temporarily trapped underground after power and communications went down. According to the Cambridge Bitcoin Energy Consumption Index, or BECI,

Prominent on-chain data analyst Willy Woo says that Bitcoin is currently resting at a “halfway intermission” before it blasts off into potential gains of as high as 733%. In a new episode of What Bitcoin Did with Peter McCormack, the widely-followed crypto analyst says he has a moving price target starting at $300,000 BTC for

With much of the market fixated on Bitcoin’s (BTC) sudden price correction over the weekend, retail interest in digital assets appears to be on the rise, according to the latest statistics from Reddit. The r/dogecoin community added 145,859 weekly subscribers, according to Subreddit Stats. The gains are hardly surprising given DOGE’s dramatic rally over the

Anthony Scaramucci, founder of investment firm SkyBridge Capital, comments on Turkey’s decision to prohibit crypto payments and lays out a bullish case for Bitcoin (BTC). In a new interview on CNBC’s Squawk Box, Anthony Scaramucci acknowledges that some regions that have unstable currencies, like Turkey, may not be ready for Bitcoin to enter their market,

As traders and investors ride Bitcoin’s latest whiplash, enduring a 15% drop within 48 hours, the central bank of Turkey is planning to ban all Bitcoin and crypto payments, effective April 30th, due to “excessive volatility”, among other caveats. The Central Bank of the Republic of Turkey (CBRT) introduced “Regulation on the Disuse of Crypto

The funding rate of Bitcoin (BTC) has dropped to levels not seen since September 2020 as the price of Bitcoin plummeted below $52,000 on April 18. Quant trader and analyst Lex Moskovski says it shows fear has returned to the market. According to the data from Glassnode, the average Bitcoin futures funding rate across all exchange

Billionaire hedge fund veteran and noted Bitcoin skeptic Ray Dalio is reportedly changing his stance on BTC as he now believes the leading cryptocurrency should be part of a diversified portfolio. Participating in the Texas A&M Bitcoin conference, Dalio says that in a world threatened by currency debasement, investors should strive to allocate their capital

MicroStrategy’s continuous Bitcoin acquisition has drawn the ire of investment banking giant HSBC. Despite being one of the largest business intelligence firms in the world, HSBC has stated that MicroStrategy is now a “virtual currency product,” a designation akin to the pseudo-Bitcoin exchange-traded fund status attached to the company on account of its sizable Bitcoin

In October 2019, unknown hackers infiltrated a Canadian insurance company by installing the malware BitPaymer, which encrypted the firm’s data and IT systems. The hackers demanded a ransom of $1.2 million be paid in Bitcoin (BTC) in return for the decryption software needed for the firm to regain access to its systems.  The firm’s United

Longtime Bitcoin bull Max Keiser says that gold has one single advantage over the world’s leading crypto asset by market cap. In a new interview with Daniela Cambone of Stansberry Research, the Wall Street veteran concedes that, despite being a vocal Bitcoin advocate, gold is superior to Bitcoin in that it is a malleable good