Category: Bitcoin

The debate around the environmental impact of the Bitcoin mining ecosystem is heating up once again as academics have provided a fresh dose of perspective on the subject. In an opinion piece written by Noah Smith, a former assistant finance professor turned columnist, took aim at the Bitcoin (BTC) mining industry in March, suggesting that

Bitcoin (BTC) returned to $60,000 on April 10 as a bout of long overdue volatility hit the market in line with analysts’ expectations. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview “Being a bear is expensive” Cointelegraph Markets Pro and TradingView showed a sudden push allowing BTC/USD to exit the $50,000 corridor overnight on Friday. The

Macro guru Raoul Pal says a select group of crypto assets will inevitably outpace Bitcoin’s growth as the market matures. In a series of tweets, Pal notes that since its inception, Ethereum has managed to exponentially outperform BTC. He uses ETH as an example of why not everything will lose value against Bitcoin, contrary to

The market capitalization of the flagship crypto asset, Bitcoin, now beats that of more than 50% of all banks in the United States. The popular pseudonymous crypto influencer DocumentingBTC compiled data from Bloomberg and the S&P. It shows 1,500 US banks boast a total market capitalization of $1.9 trillion, while Bitcoin alone is valued at

Hong Kong tech company Meitu revealed on April 8 that it had added $10 million worth of Bitcoin (BTC) to its holdings which were purchased at an average rate of $57,000 per coin. After the latest purchase, Meitu’s total cryptocurrency portfolio consists of $49.5 million worth of Bitcoin and $50.5 million worth of Ether (ETH).

Billionaire investor and Shark Tank veteran Mark Cuban anticipates Bitcoin will chip away at gold’s supremacy as a store-of-value asset. In a new interview with UpOnly, the celebrity investor says that although he’s never been convinced that Bitcoin could function well as a currency, he does believe BTC will fully replace gold for a wide

In the years since Bitcoin’s 2009 launch, the crypto industry’s inaugural blockchain-based asset has survived many speculative deaths. While it is true that Bitcoin (BTC) could theoretically crash by the tens of thousands of dollars necessary to take it to zero, one Reddit user has pledged their intention to buy up the blood. On the

We’re living today “amidst an explosion of risk related to fraud, money laundering, terrorist financing, and data privacy,” said United States Treasury Secretary Janet Yellen in February — and she specifically cited cryptocurrencies as a “tool to finance terrorism.” Yellen appeared to be flagging an important new turn in the war against terror, and it

A top Bloomberg analyst is predicting a rise in Bitcoin prices that will rival its rapid spike in 2013. Bloomberg Intelligence senior commodity strategist Mike McGlone cites the fact that Visa, Goldman Sachs and Morgan Stanley have embraced the digitalization of money as signs that Bitcoin could replace gold as the global digital-reserve asset.  “Bitcoin

Buying MicroStrategy stock (MSTR) is reportedly no longer possible for HSBC customers on the bank’s online trading platform — HSBC InvestDirect, or HIDC. According to a supposed message from the bank to its customers, HSBC has directed users that already own MicroStrategy stock not to buy additional shares. Twitter user Camiam claimed to have received