Bitcoin

Residents of Cool Valley will forever remember their current mayor if he gets to pull the funds for his proposed gift of $1000 worth of Bitcoin. His idea is for his residents to keep the coins till the value is about $500,000 per coin, so they don’t ‘regret’ selling. Cool Valley is a small city […]

For the first time since June 16th, Bitcoin traded for a record high at $39,000; not only is this a sign of good days in the crypto world, its sixth consecutive day in the green leaves most crypto analysts with nothing but positive predictions for the numero uno of cryptocurrencies. The price of Bitcoin has […]

On Wednesday, a Republican senator, Chuck Grassley, called out Bitcoin for supporting crime with its anonymous exchange mechanism. He backed his claim using some ‘distorted estimates’ to run down the bitcoin image Uphill. Cryptocurrency has been facing several battles in breaking the seedier assumptions of its Silk Road past. Senator Chuck had called for a […]

Longtime crypto bull and strategist Meltem Demirors told CNBC on Tuesday that Bitcoin is weeding out weaker investors. The shake-off comes after Bitcoin experienced a contraction.  Demirors who is the Chief Strategist Officer at CoinShares made the statement following a turbulent period for Bitcoin. The turbulent ride began with a great dip before it bounced […]

While China is cracking down on Bitcoin and some countries like Bolivia, Russia and Vietnam have essentially made its use illegal. El Salvador is championing Bitcoin’s emergence as a legal tender. When the law comes into effect, El Salvador will be the first country in the world to adopt Bitcoin as a legal tender. That […]

Over half of the world’s miners population have lived and worked in China but that may no longer be the case. The Chinese government began a crackdown on Bitcoin miners in May. The move has triggered what has come to be known as ‘The Great Mining Migration’. China’s issue with miners Bitcoin mining is an […]

On May 7th, Colonial Pipeline Co. a US-based oil pipeline system was a victim of a ransomware attack allegedly orchestrated by the Eastern-European-based hacker group, DarkSide. It happened that the hackers requested the ransom be paid in cryptocurrency.  The CEO and president of Colonial Pipeline, Joseph Blount, Jr., announced a day after the attack that […]

Wednesday saw the price of Bitcoin fall to near $30,000 at one point, although later in the day the crypto did recover somewhat to a little over $38,000. The drop in value appears to be due to China’s announcement that banks and payment firms in the country are to be banned from providing crypto-related services. […]

The last few weeks have seen the price of Bitcoin rise from just under $50,000 to just over $63,000. The crypto is currently priced at $57, 245 and seems to be moving upwards. The question begs, “What is driving the growth of Bitcoin?” Turns out there is more than one reason. Past Price Resistance Since […]