Search Results for: Bitcoin

Bitcoin

According to Michael Saylor, there’s no reason to hold Bitcoin for 100 years

MicroStrategy’s CEO, Michael Saylor, has steadfastly defended the company’s bullish, long-term Bitcoin (BTC) position. Citing the cryptocurrency’s unique potential to evolve into “the future of the property.” MicroStrategy’s big bet on Bitcoin, which it has turned to the debt markets to sustain. Is the “highest upside, lowest risk strategy”. The company can pursue, Saylor argued […]

IMF

Making Bitcoin a national currency, according to the IMF, is a “inadvisable shortcut”

The International Monetary Fund (IMF) has issued a new warning as El Salvador prepares to make bitcoin (BTC) legal tender in September. The move is “an inadvisable shortcut,” according to the IMF. While governments must “step up” to provide the benefits offered by the technology underlying cryptoassets. As well as leverage new, digital forms of […]

bitcoin mining

Difficulty of mining bitcoin has decreased for the fourth time in a row

Despite China’s ongoing crackdown on cryptocurrency mining, mining new Bitcoin (BTC) is becoming easier, with BTC’s mining difficulty dropping yet again. According to data from Bitcoin explorer BTC.com, the Bitcoin network experienced its fourth consecutive negative adjustment of mining difficulty on July 18, dropping 4.8 percent. The most recent mining difficulty adjustment took place at […]

Active Bitcoin miners are now 'unlikely' sellers as a result of a profit boost, according to data.

Active Bitcoin miners are now ‘unlikely’ sellers as a result of a profit boost, according to data.

According to new data, Bitcoin (BTC) miners are “unlikely” to put pressure. On the BTC price by selling coins in the coming weeks. Glassnode, an analytics resource, sought to allay fears of another large miner sell-off in its latest weekly report, The Week On-chain. Difficulty drop a gift to remaining miners Miners selling BTC to […]

Elon Musk, Tesla

Elon Musk explains when Tesla will start accepting Bitcoin payments

Elon Musk, the CEO of Tesla, has stated that his electric vehicle company will begin accepting Bitcoin (BTC) payments once it is confirmed that miners are using clean energy, providing a ray of hope that the fear surrounding digital assets will soon fade. Musk responded to a Cointelegraph tweet about recent allegations from Sygnia CEO […]

Bitcoin Mining, mining

Square will invest $5 million into the Blockstream Bitcoin mining facility

Square Inc., a crypto-friendly mobile payments company. Has announced that it will invest $5 million in a solar-powered Bitcoin (BTC) mining facility for Blockstream Mining. Demonstrating Jack Dorsey’s continued support for blockchain infrastructure. Blockstream’s chief information officer, Chris Cook, announced the collaboration on Saturday. Outlining plans to build the open-source mining facility at one of […]

bitcoin, ethereum, btc

Bitcoin and Ethereum are recouping their losses, but the upsides are limited

Bitcoin’s price failed to break into the positive territory, and it continued to fall below USD 35,000. BTC made a low near USD 31,150 after testing the USD 31,000 zone. It is currently correcting higher (04:40 UTC), but bears may remain active near USD 38,000. Similarly, the majority of major altcoins continued to fall. ETH […]

Elon Musk says, "I have not sold any of my Bitcoin."

Elon Musk says, “I have not sold any of my Bitcoin.”

Despite his company, Tesla making profits from its recent Bitcoin purchases, billionaire entrepreneur Elon Musk has taken to Twitter to reassure the crypto community that he has not sold any of his personal BTC stashes. Musk’s remarks came in response to comedian Dave Portnoy’s claims that the Tesla CEO profited from a Bitcoin pump and […]

China, CBDC, Bitcoin, BTC, Digital Yuan

Bitcoin is referred to as a “Investment Alternative” by the Chinese Central Bank

With encouraging remarks from Li Bo, the new deputy governor of the People’s Bank of China, China may be softening its stance on cryptoassets, almost four years after enacting a crackdown on bitcoin (BTC), altcoins, and crypto exchanges (PBoC). Several media outlets, including CNBC and the South China Morning Post, quoted Li Bo as saying […]