Category: Cryptocurrency

US President wants a $6 trillion stimulus budget. “Six trillion dollars? This is good for Bitcoin,” said Edward Snowden on Friday, May 28, on his Twitter profile, following news that US President Joe Biden wants a $6 trillion budget for the fiscal year of 2022. Biden has already launched three stimulus packages to contain the… Continue reading Bitcoin and cryptocurrency scenario in the US, China and Australia

With the drop in the price of BTC recently, many experts have expressed their views on whether the BTC bull run is over. Scholars are divided evenly into bull and bear fields, each field with a different logic sounding just as convincing as the next. This left many traders confused and uncertain about the direction… Continue reading Kim Chua, Senior Analyst At PrimeXBT: Has BTC Rebounded Or Is More Optimistic On The Way?

Paypal users will now be able to trade owned Bitcoins with third party applications. Venmo users will be able to send Bitcoins to third party services Last Wednesday (26), PayPal announced that it is ready to expand its global presence in the cryptocurrency market. The company intends not only to allow the buying and selling… Continue reading PayPal will allow Bitcoin trading with other applications

Elon Musk, CEO of Tesla and SpaceX, suggests improvements to cryptocurrency meme Dogecoin, but Vitalik Buterin, Ethereum co-founder, replies that his suggestions are not feasible because of security issues. How Dogecoin came to be Created as a meme a, Dogecoin has generated a lot of discussion in the market due to its strong growth,. However,… Continue reading Musk says Dogecoin can beat Bitcoin and Ethereum co-founder criticizes

Experts have noticed an increase of Bitcoin outflow from exchanges. This fact could be a sign that investors are still wary of Bitcoin and are taking their coins out of exchanges, given the recent Chinese crackdown on Bitcoin miners and discussions about BTC sustainability. Bitcoin outflow from exchanges The flow of Bitcoin into the exchanges… Continue reading Bitcoin outflow from exchanges reaches highest level in a month

Glassnode research reveals that 76% of Bitcoin investors are in profit even with the recent cryptocurrency downturn, following China’s crackdown on Bitcoin mining. Bitcoin investors continue to profit, says Glassnode survey Last Monday (24), a report issued by the blockchain analysis tool Glassnode, indicated that even with the considerable recent drop in Bitcoin (BTC) prices,… Continue reading Bitcoin investors are still in profit despite recent downturn, says survey

Although China has taken steps to restrict the use of cryptocurrencies for years, the renewed government focus on bitcoin mining is new and has a strong impact on the market. China is currently responsible for mining about 75% of the world’s Bitcoin. China and Bitcoin China had been maintaining a strong crackdown on the use… Continue reading China mines about 75% of the world’s Bitcoin; crackdown impacts market

Information given by Elon Musk on Twitter helped Bitcoin gain strength and hit the $ 40,000 mark again. The CEO of Tesla, Elon Musk said on Twitter on Monday (May 24) that he had a “promising” meeting with U.S. Bitcoin miners to discuss the use of clean energy in the BTC mining process. Bitcoin and… Continue reading Elon Musk and Bitcoin miners discuss issue of BTC sustainability

BTC plummets 10% after China enforces tighter crypto restriction policy. BTC in free fall Last Wednesday (19), Bitcoin (BTC), the most traded cryptocurrency in the world, plummeted 10%. The price of the digital asset was up to $ 38,044 per currency, according to Coindesk. The new quote registered the lowest level of BTC since February.… Continue reading BTC falls below $ 40,000 after China expands crypto restrictions

Cryptocurrency investors create StopElon in an attempt to curb Elon Musk’s influence on the crypto market price. STOPELON: Meet the cryptocurrency fans who aim to control Tesla It seems that Elon Musk’s strong influence on cryptocurrency prices has upset many investors. After announcing that Tesla will no longer accept Bitcoin as a form of payment… Continue reading StopElon: new cryptocurrency plans to end Elon Musk’s influence on prices