Category: Bitcoin

China’s stringent crypto regulations meant closing shop for many Chinese businesses within the Bitcoin (BTC) mining ecosystem. The sudden disappearance of Bitcoin miners from the grid has resulted in falling hash rates. The hashing performance, the cumulative computing power of the Bitcoin network, dropped from an all-time high of 180 exahashes per second (EH/s) to 84

Bitcoin (BTC) futures open interest is mimicking the start of the BTC price bull run, data shows. As BTC/USD hovered near $40,000 on July 29, a fresh bullish report from Stack Funds called for “cautious optimism” about further price rises. cc Bitcoin has sought to flip $40,000 to support this week, returning to the level

The Israeli government is ratcheting up its efforts to deter tax evasion and close loopholes for would-be money launderers as part of a “war against black capital.” Among the measures outlined in a new draft bill published by the Ministry of Finance this week, a new statutory requirement is being proposed to place cryptocurrency users

Prominent crypto market analyst Benjamin Cowen sees heavy resistance coming for Bitcoin (BTC) at an important price level. In a recent update on Bitcoin’s price action, Cowen tells his 485,000 subscribers that given Bitcoin’s bounce off the 50-week simple moving average (SMA), currently priced just under $33,000, he would be surprised if the top crypto

The mayor of Miami, Florida is spotlighting the city’s very own cryptocurrency. The new digital asset is designed to generate millions of dollars for the city’s economy – if people embrace it.   Miami Mayor Francis Suarez appeared on Fox Business to discuss the city’s plans for its cryptocurrency, which was officially announced in June.

One of Southern California’s largest independent escrow companies, Glen Oaks Escrow, has announced its first property refinancing with a Bitcoin-backed loan. The company stated that this is the first time a refinancing has been completed using Bitcoin as collateral. In the July 28 announcement it added that it has previously facilitated a number of real

Bitcoin (BTC) traders might be feeling extra euphoric after the recent 35% rally, but data suggests bears are not too worried because a similar breakout took place in mid-July and the price failed to hold the $40,000 support. To understand how bullish investors are this time around, let’s take apart the derivatives data and look

Ghana’s vice president Dr. Mahamudu Bawumia believes that African governments need to embrace digital currencies to facilitate trade throughout the continent. As reported by Ghanaweb Bawumia outlined his argument during the Fifth Ghana International Trade and Finance Conference, which boasted the theme of “Facilitating Trade and Trade-Finance in AfCFTA; The Role of the Financial Services

Popular crypto trader and market analyst Jason Pizzino says Bitcoin must hold a crucial price level to have a shot at rallying to $47,000.  In a new video, he stresses that despite the recent surge in bullish momentum, BTC still needs to consolidate above a key support area in order to avoid a bull trap. 

The International Monetary Fund (IMF) says that granting crypto assets such as Bitcoin a legal tender status presents a threat to macroeconomic stability. In a new blog post, the IMF says that adopting Bitcoin or other cryptocurrencies as national currency is a step too far that can negatively impact a country’s economic stability and financial