Bitcoin

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 […]

The price of Bitcoin, which has recently seen losses greater than any drop the market has experienced since early March, has recovered over 10% this week, climbing up to $54,338 Monday morning.  The recent slump that Bitcoin went under marked the first time since March that the coin dropped under $50,000. This was a worrying […]

If you found someone that claims to understand the Bitcoin market right now, you could comfortably call them a liar.  The cryptocurrency has defied all expert predictions, continuing to smash its own records, including posting a new ATH of over $60,000.  This should be good news, right? Yes, and it is, but there’s something much […]