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Bitcoin (BTC) News


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Elon Musk Dogecoin Bitcoin

Elon Musk Mentioned Advantages of Bitcoin and Dogecoin

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Business magnate, the person of 2021 by Time magazine, Elon Musk talked about crypto, in particular Bitcoin and Dogecoin, pointing out their advantages and use cases. Musk was a co-founder of digital payments company PayPal and says the nature of money is one of the things that is possible to...

Mining

90% of bitcoins are already mined

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As of December 12, 90% of bitcoins were mined, according to data from the Blockchain.com service. Mining pools have managed to mine 18.89 million coins from 21 million BTC so far. Recall that Bitcoin mining will stop after the mining of 21 million coins, this is the concept formed by the creators...

Crypto market December

Despite the Drop, Bitcoin Still Is 2x Up From 2020

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Over the last day, the crypto market cap dropped by over 5%. Currently, it stands at around $2.13 trillion. Prices of most cryptocurrencies have seen significant losses in the last 7 days. The lowest price of Bitcoin in the last 24 hours, was $45,894.85 according to CoinMarketCap. In that...

Ark Invest Cathie Wood

Cathie Wood Continues to Be Bullish about Crypto

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ARK Invest CEO and CIO Cathie Wood is bullish about the future of crypto, despite the current price decline. During a recent interview with CNBC on December 9, Wood shared her predictions. She reiterated her view that if more institutional investors choose Bitcoin, the price of the coin will...

Micostrategy

MicroStrategy additionally bought 1,434 BTC for over $80M

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Business analytics software provider MicroStrategy acquired an additional 1,434 BTC for about $ 82.4 million. According to the report, the average purchase price was approximately $ 57,477. Trades were made between November 29 and December 8, 2021. The funds spent correspond to the proceeds that...

Hashrate

BTC hashrate came close to the max values ​​since May 2021

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Transactional activity on the bitcoin network has surged to its highest level since late spring amid the recent sell-off on the crypto market. The cryptocurrency price plunged below $ 43,000 as volatility escalated on Saturday. However, the computing power of the network, on the contrary, continued...

Bitcoin

Bitcoin network activity hits seven-month high

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As a result of the aggravation of volatility in the crypto market at the end of last week, the number of active addresses on the bitcoin network has sharply increased. According to Arcane Research, transaction activity on the BTC blockchain is currently at its highest level since May 2021. Even...

Visa

Visa will drive the massive adoption of bitcoin

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Payment giant Visa has announced the creation of a new advisory division to assist clients to navigate cryptocurrencies. The structure, which will become part of the consulting and analytics department, will give advice to financial institutions, retailers, and other firms on everything from the...

Matt Hougan

Bitwise top manager doubts BTC will hit $100K this year

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Among analysts, many believe that by the end of December, Bitcoin will be able to approach $ 100,000 or even break this psychological mark. However, amid the recent market crash, the number of bulls betting on cryptocurrency aggressive gains has plummeted. Bitwise top manager Matt Hougan also...

Craig Wright Kleiman Bitcoin trial

Jury Decided Craig Wright Didn't Owe Kleiman 1.1m Bitcoins

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As per the decision of a Florida jury, announced on Monday Australian computer scientist and businessman Craig Wright did not owe 1.1 m BTC to the family of cyber forensics David Kleiman. Court decided that Wright must pay 100 m in punitive damages over intellectual properspecialistty rights to a...

BTC

Bitcoin power strengthens despite crypto market drop

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The computing power of the bitcoin network at the end of last week increased even against the backdrop of a fall in the value of the cryptocurrency. Recall that on Saturday night, the BTC rate fell to $ 43,000 on some trading floors. This was followed by a rebound, and now the cryptocurrency is...

Bitcoin crypto positions

$2.5 Bln of Leveraged Crypto Positions Were Liquidated

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On Saturday, Bitcoin-focused technology and financial services firm NYDIG informed that around $2.5 billion of crypto leveraged positions were liquidated. $1.1 billion of the amount were Bitcoin positions. Bitcoin dropped below $47.000 on December 4 and was traded at around $46.600 according to...

Charlie Munger criticizes Bitcoin

Charlie Munger Applauds China’s Bitcoin Ban

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Billionaire investor Charlie Munger is in the camp of Bitcoin critics. During the Sohn Conference in Sydney, the businessman said he wished crypto hadn’t been invented. As the Australian Financial Review reports, Munger finds China is right to ban cryptocurrencies, and he admires the move....

Sailor

Michael Sailor compares the dollar to bitcoin

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Michael Sailor, CEO of software giant MicroStrategy, presents the camp of the so-called "bitcoin bulls". His company periodically purchases cryptocurrency and refuses to sell it, even during a bearish cycle. Sailor stated that the dollar is the world's currency, and bitcoin is a reserve...

Bitcoin dip el salvador

Dip in Crypto; BTC Below $50.000, El Salvador Adds Coins

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The crypto has seen a dip today. Bitcoin price fell below $50.000 for the first time since October 6. In the last 24 hours, Bitcoin dropped by over 17.5%. Currently, it trades at around $46.900, with a market cap of $897 billion. Other major cryptocurrencies, Ether, ADA, Binance Coin also declined...

Bitcoin

At the end of November, BTC lost more than 7% in value

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Last November, the price of Bitcoin (BTC) soared by nearly 43%. However, November of this year turned out to be unfortunate for the leading digital currency. Its cost at the end of the last month decreased by 7.11% (according to CoinGlass). However, the losses were negligible compared to November...

Mining

Shares of mining firms turned out to be more profitable than BTC

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Ether (ETH) was not the only one that showed the highest profitability compared to Bitcoin in 2021. Mining stocks also outperformed the largest digital currency in terms of performance, Arcane Research said in a report. At the same time, analysts remind that investing in the mining industry is...

ETH BTC

ETH turned out to be more productive than BTC in 2021

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Since December last year, the cost of Ether (ETH) has skyrocketed by about 530%, while Bitcoin has grown by about 200% over the same period. Even though BTC still exceeds ETH in terms of capitalization, the latter turned out to be the most effective instrument. Ether is based on the blockchain,...