Category: Bitcoin

A popular crypto analyst who accurately predicted a pair of Bitcoin (BTC) price crashes is issuing a potential price warning on Ethereum. Pseudonymous crypto trader Dave the Wave tells his 69,200 Twitter followers that current price action is starting to suggest that Ethereum (ETH) will likely have a solid correction that could bring it all

China’s crackdown on Bitcoin (BTC) mining due to energy consumption concerns is widely regarded as the trigger for the miners’ exodus from Asia to Western countries. But new research by the Cambridge Centre for Alternative Finance suggests that the shift in mining power started before China’s renewed scrutiny. Reuters reported that China’s total computing power connected

The number of reachable Bitcoin network nodes has crossed the 13,000 mark for the first time. As previously reported by Cointelegraph, the previous all-time high was 11,613 achieved back in January. According to data from Bitcoin network statistics dashboard Bitnodes.io, this milestone was reached back on July 5 when the number of reachable nodes clocked

Amid the ongoing regulatory uncertainty to cryptocurrencies in India, a high court in the country’s capital is taking action to regulate advertising by local crypto exchanges. The Delhi High Court has issued notices to local authorities and crypto firms in an effort to enforce guidelines for crypto exchanges advertising on national television, the New Indian

The Chinese government continues cracking down on the cryptocurrency mining industry by suspending crypto mining operations in another province. Authorities at Anhui, a small province in eastern China, have announced a set of measures to tackle growing electricity demand and an associated power supply shortage in the next three years, local news agency Hefei Online

BlackRock, an institutional asset manager that has indirect exposure to Bitcoin (BTC), has recorded a major decline in investor demand for cryptocurrency. The company’s CEO Larry Fink declared Wednesday on CNBC’s Squawk Box that BlackRock has been seeing less crypto-related queries from investors recently, signaling a massive drop in demand for crypto. Fink noted that

MicroStrategy CEO and Bitcoin bull Michael Saylor says there’s no chance Bitcoin will be used as currency in the US. Saylor has been a prolific Bitcoin supporter ever since MicroStrategy added the top crypto asset to its balance sheet in August of 2020.   Despite his advocacy for Bitcoin, Saylor tells crypto analyst Scott Melker that

Bitcoin (BTC) failed to crack $33,000 on July 14 as a bounce from multi-day lows delivered only modest progress. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price: Fits and starts below $33,000 Data from Cointelegraph Markets Pro and TradingView tracked another day of ranging — albeit with increased volatility — for BTC/USD on Wednesday. The

Publicly traded North American Bitcoin mining company, Bitfarms, has doubled its productivity this year amid the Chinese crackdown and resultant miner migration. The Canadian hydroelectricity mining outfit claims to be currently powering an estimated 1.5% of the entire Bitcoin network with more than 99% renewable green energy. In a July 14 production update, the firm

In the early hours of July 14, Bitcoin price took a surprise hit to $31,550 before slowly recovering back above $32,900 in the morning session.  The swift drop near the crucial $30,000 resistance raised alarms among bulls and bears and whilst the $30,000 to $32,000 level continues to function as a support level, a recent