Category: Bitcoin

The mayor of Cool Valley, Missouri is reportedly raising funds to distribute Bitcoin (BTC) to the city’s residents. According to KSDK News, Mayor Jayson Stewart wants to give $1,000 worth of Bitcoin to each of the city’s 1,500 inhabitants, as he sees the value of the benchmark crypto surging in the coming years.   “I

At the start of 2021, the cryptocurrency industry was bursting with news of increased institutional investment, and this is still largely true. Despite reports suggesting increased outflows from institutional investors, net inflows are still very much positive. Additionally, though Bitcoin (BTC) appears to be the investment of choice for liquidations, institutional investment into Ethereum (ETH)

Closely followed trader and crypto analyst Benjamin Cowen says that he sees a threat that could foil Cardano’s (ADA) bullish setup. In a new strategy session, Cowen tells his 497,000 YouTube subscribers that ADA’s bullish sentiment continues to build as the third-largest cryptocurrency prints a fresh all-time high of $2.58.   “For now, I think

Bitcoin (BTC) edged closer to $50,000 on Aug. 22 as concerns over a bearish downturn made a timely reappearance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Modestly bearish” signs accompany $50,000 run-up Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting a high of $49,830 on Bitstamp Sunday — itself a three-month record. The weekend

Global cryptocurrency exchange Binance is rolling out immediate verification requirements for all its users in support of its expanded know-your-customer (KYC) policy and anti-money-laundering efforts. In a recent statement, the firm says that it’s tightening customer verification to make Binance a safe crypto platform.   The crypto exchange says it is requiring all of its

Macro guru Raoul Pal is arguing against the idea that Bitcoin and the crypto markets are merely in a bubble. In a tweetstorm, the former Goldman Sachs executive compares Bitcoin’s behavior to the performance of tech unicorn Amazon in its early days.   Pal says he recalls believing that Amazon was in a bubble a

Veteran crypto trader and strategist Tone Vays says Bitcoin (BTC) needs to stay above a key level to sustain its bullish momentum. In an interview with crypto analyst Scott Melker, Vays explains why he’s bullish on the leading cryptocurrency.   “To invalidate, it’s going to be hard, even on a daily scale. Right now, I

A millennial from Ohio is handing more than $200 million worth of Bitcoin over to federal law enforcement after operating a cryptocurrency laundering site on the darknet. Thirty-eight-year-old Larry Dean Harmon admitted on record to operating the site, Helix, from 2014 to 2017. Harmon reportedly offered Helix services to those on the darknet who wished

Coinbase CEO Brian Armstrong says that the cryptocurrency exchange will purchase digital assets worth more than half a billion dollars to add to its existing holdings. Armstrong says that Coinbase will be allocating 10% of its quarterly profits toward the purchase of crypto assets in the future.   “We recently received board approval to purchase

Blockchain mining networks are often victims of their success. The two contemporary realities that demarcate the mining landscape and cause blockchains to fall short of what they promise are 1) the ongoing technological arms race driven by inherent competitive greed; and 2) the rising energy costs associated with proof-of-work (PoW) mining. Blockchains built on the