Bitcoins

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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FOMO Alert! Bitcoin's performance forces Norwegian tycoon to make a U-turn

FOMO Alert! Bitcoin’s performance forces Norwegian tycoon to make a U-turn

Tesla’s decision to buy $1.5 billion worth of Bitcoin had a ripple effect across the crypto-market. Not only did the same precipitate a huge surge in the cumulative market cap of the sector, but it also catalyzed institutional and financial interest, with many firms around the world taking the lead in embracing Bitcoin. However, it …

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‘This is not November 2017’ says Mike Novogratz on bitcoin’s price gyrations

‘This is not November 2017’ says Mike Novogratz on bitcoin’s price gyrations

After bitcoin’s price fell from its highs above $40,000 this past weekend, investors were left arguing about whether that drop to almost $30,000 was an inevitable market correction or a sign of something more sinister. Indeed, liquidations across futures venues soared to more than $3 billion as crypto exchange Coinbase reported persistent technical issues. But Galaxy …

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