Tag: cryptocurrency

U.S. Treasury Secretary Janet Yellen is outlining her concerns about the leading cryptocurrency, Bitcoin. In a New York Times DealBook conference, Yellen questions Bitcoin’s technical prowess, energy consumption and use for illicit activity. “I don’t think that Bitcoin, I have said this before, is widely used as a transaction mechanism. To the extent it’s used,

A veteran trader who built a reputation in the crypto space after calling the start of Bitcoin’s last bear market is mapping out key price levels for the flagship cryptocurrency. Peter Brandt is unveiling his buy zone for the leading crypto asset to his 428,400 Twitter followers, based on the depth of corrections of the

Bitcoin pioneer and Blockstream CEO Adam Back says Square’s massive BTC purchase is a sign that institutions are scooping up the leading crypto asset amid the marketwide correction. Back, who created a proof-of-work system before Bitcoin was invented, explains to his 247,500 followers the significance of Square’s latest BTC investment. “Worth noting… from the $51,000

Dan Ives, the senior equities analyst at investment banking firm Wedbush Securities, says he expects more publicly-traded companies to jump on the Bitcoin bandwagon in the coming months. In a new CNBC Squawk Box interview, Ives says he believes Tesla will add more to its $1.5 billion Bitcoin position as the electric vehicle maker sees

MicroStrategy CEO Michael Saylor says SpaceX is exploring the merits of placing Bitcoin on its balance sheet. Saylor tells Dr. Saifedean Ammous that representatives from SpaceX were among 7,000 companies represented at MicroStrategy’s recent Bitcoin summit, which the business intelligence firm hosted to help companies that are interested in buying BTC as a treasury asset.