Bitcoins

What does Bitcoin's current trajectory mean for Cardano, XRP, MATIC, and Dogecoin

What does Bitcoin’s current trajectory mean for Cardano, XRP, MATIC, and Dogecoin

The past seven days have been a wild ride, with the bulls getting a clear upper hand this time. As the total crypto market cap went above the $2 trillion mark once again, anticipation around another rally peaked. However, in the last few months, weekends were especially hard on the market. Weekend blues brought with …

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This asset might fight Bitcoin’s SoV status and it’s not Gold!

The idea of a store-of-value asset has been evidently discussed in the cryptocurrency industry. It is a popular term in the traditional economic landscape. SoV narrative picked up more steam over the past two years, with the pandemic crippling the wider financial ecosystem. Right now, fear of inflation is looming large, and with negative interest …

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Assessing whether Bitcoin's energy consumption makes sense

Assessing whether Bitcoin’s energy consumption makes sense

After Tesla’s initial Bitcoin investment and payment support for Tesla purchases on 8 February 2021, many critics followed up on the company’s position by alleging that the car-maker is supporting an asset that is presumably heavily reliant on fossil fuels. Ergo, it wasn’t long before Tesla dropped BTC as a payment method for its vehicles. …

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Taproot, Bitcoin's long-in-the-making upgrade, achieves activation lock-in

Taproot, Bitcoin’s long-in-the-making upgrade, achieves activation lock-in

Bitcoin is set to integrate the privacy-focused upgrade known as Taproot later this year. As noted by Taproot.Watch, which has tracked the weeks-long effort to secure activation support among bitcoin’s mining sector, a sufficient number of supportive blocks — at least 1,815 — was achieved on Friday. The signaling period, known as the “Speedy Trial,” …

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Bitcoin's price slips as Weibo suspends crypto influencer accounts

Bitcoin’s price slips as Weibo suspends crypto influencer accounts

More than two dozens of crypto influencers on Weibo suddenly found their accounts suspended by the Chinese social media company in what appeared to be a targeted censorship effort. Around 10:00 UTC time on Saturday, Chinese users on Weibo started to share that as many as 25 accounts of influencers and media outlets who had …

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Bitcoin mining chipmaker TSMC to invest $100 billion over three years to grow its capacity

China coal mine accidents may be behind bitcoin’s hash rate drop

Recent security incidents in several coal mines in China appear to have had a ripple effect on bitcoin’s mining hash rate. Over the past two weeks, there have been three security accidents in coal mines in China’s Shanxi, Guizhou and Xinjiang provinces due to gas explosion and flooding, according to Chinese state media Xinhua. The …

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Why Bitcoin's price rally is killing the buzz of NFT tokens CHZ, ENJ, FLOW

Why Bitcoin’s price rally is killing the buzz of NFT tokens CHZ, ENJ, FLOW

Bitcoin’s latest price rally may be short-lived according to on-chain analysis and increasing selling pressure across exchanges. However, altcoins in the top-50 are well above their average prices over the past week, especially in light of the increasing demand on spot exchanges. Among these rallying alts, NFT tokens have done extremely well too. Ergo, the …

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XRP lawsuit effect: Ex-SEC Chair talks about Bitcoin's (non)security status

XRP lawsuit effect: Ex-SEC Chair talks about Bitcoin’s (non)security status

Earlier today, investment banking company Morgan Stanley filed multiple institutional funds that may gain exposure to Bitcoin especially through shares of Grayscale’s Bitcoin Trust or cash-settled futures. Recently, Goldman Sachs said it was planning to launch investment offerings in the crypto asset class in the second quarter. What these new developments prove is that bitcoin …

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