Category: Bitcoin News

Bitcoin Mining Difficulty Lowered For the First Time in 2021 Amid Chinese Crackdown on Crypto Mining

Bitcoin mining difficulty has been lowered by 1.27% to 21.45 T for the first time in 2021 amid the Chinese crackdown on crypto mining farms in inner Mongolian regions. The Chinese province has drafted a bill to shut down all crypto mining operations and other high energy-consuming industrial activities regions as it failed to meet […]

Continue Reading

Breaking: Bitcoin Mining Firm Cipher Set to Go Public at $2 Billion Valuation With SPAC Merger

Cipher Mining, a bitcoin mining subsidiary of mining hardware manufacturer Bitfury is all set to go public with a $2 billion valuation. The firm would merge with Special Purpose Acquisition Company (SPAC) Good Works Acquisition Corp for its public listing. SPACs have become quite a rage over the past year and crypto companies seem to […]

Continue Reading

Just-In: MicroStrategy Buys Additional $10 Million Worth of Bitcoin in Cash

MicroStrategy has bought $10 million worth of additional Bitcoin today at $48,888 per piece. The software giant has been at the forefront of institutional Bitcoin purchase, having already bought over $2.196 billion in total Bitcoin purchase. The institutional giant now holds a total of 91,064 bitcoin in its treasury. MicroStrategy has purchased an additional ~205 […]

Continue Reading

Coinbase Registers Second 12K Bitcoin (BTC) Outflow In A Week, U.S. Institutional Buyers Holding Strongly

In a broader cryptocurrency market correction, the Bitcoin (BTC) price has tanked 6% today slipping below $47,000. As of press time, BTC is trading at a rate of $46,784 with a market cap of $875 billion. The latest Bitcoin price correction comes amid the drying up of trading volumes. However, it turns out that institutional […]

Continue Reading

Million Dollar Bitcoin?

U.S. cryptocurrency exchange Kraken CEO Jesse Powell tells Bloomberg Television that Bitcoin could hit US$1 million or higher Investors being taken in by such high price predictions should look at what the lower bound on losses could be instead of focusing on unlimited upper bounds, otherwise they risk losing substantial amounts of money  Could Bitcoin […]

Continue Reading

Bitcoin (BTC) Tanks 7% As Bull Investors and Trading Volumes Are Exhausted, Consolidation Kick-In

Bitcoin (BTC) and the overall cryptocurrency market are once again under pressure. At press time, Bitcoin (BTC) is down 7.13% trading at $47,150 levels and market cap slipping below $900 billion. After taking a momentary dip below sub $44,000 levels last Sunday, February 28, Bitcoin (BTC) once again bounced to its all-time high above $52,000 […]

Continue Reading

Mark Cuban’s Dallas Mavericks Becomes First NBA Team to Accept Dogecoin

Dallas Mavericks, the NBA team owned by billionaire Mark Cuban has become the first professional sports team to accept Dogecoin as a form of payment. The basketball team was already accepting Bitcoin and going by Cuban’s word, the team did not receive any significant payment in Bitcoin. While many were wondering the reason behind the […]

Continue Reading

Bloomberg: Bitcoin Price Expected to Rise 100x an Ounce of Gold

A Bloomberg Intelligence report has analyzed the bitcoin market and its growing stature as the digital store of value. The report looked into various aspects of the top cryptocurrency, including its declining volatility, rising adoption, and growing inflow of funds from a traditional store of value assets such as gold, stocks, and bonds. Bitcoin in […]

Continue Reading

ADA/USD Correlation With BTC/USD Dips to Negative, An Extremely Rare Occurance

Cardano (ADA), currently the third-largest cryptocurrency by market cap has recorded an extremely rare feat, where ADA/USD correlation with BTC/USD fell into negative territory, in what many considered almost impossible for a non-stable coin. ADA had recorded a phenomenal run in the last couple of weeks of February registering its all-time-high of $1.48 and replaced […]

Continue Reading