bitcoin / 485 posts found

BTC Supporters Call Price Drop a Mid-Bull Run Break, 2021 Bitcoin Chart Pattern Similar to 2013 Bull Run – Market Updates Bitcoin News

by crypto journalist
BTC Supporters Call Price Drop a Mid-Bull Run Break, 2021 Bitcoin Chart Pattern Similar to 2013 Bull Run After the price of bitcoin touched a high of $64,895 per unit, speculators and skeptics think it might have been the top of the bull run and a 2018-like bear run is next. On Sunday, May 23, bitcoin prices have dropped to a low of $31,107 and bears have managed to take the reigns for a period. However, not everyone is convinced the current crypto bull run is similar to 2017, as a number of crypto proponents think the 2013 bull run […]

Bitcoin 2021: Elon Musk, Jack Dorsey, Winklevoss twins key highlights

by crypto journalist
Thousands of bitcoin believers descended on Miami to party and preach the gospel of ‘HODL’ Published Mon, Jun 7 20218:55 PM EDTUpdated 2 Min Ago Elon Musk wasn’t physically in Miami but his presence was definitely felt. Right at the start of the conference, the price of bitcoin dropped following a tweet by the Tesla CEO that implied he was breaking up with the currency. Max Keiser, a high-profile bitcoin holder, began his fireside chat by cursing Musk’s name, shouting, “F— Elon!” several times. “You just look at the economics of it and ultimately miners have to make a profit and […]

Bitcoin’s Biggest Corporate Backer Expects $285 Million Loss After Crypto Crash—But Wants To Raise $400 Million In Debt To Buy More

by crypto journalist
After Bitcoin’s massive crash last month, business analytics company MicroStrategy, the cryptocurrency’s biggest corporate owner, warned Monday it expects to incur a loss of at least $284.5 million in the second quarter as a result of its bitcoin holdings, but the staunch bitcoin bull—helmed by billionaire CEO Michael Saylor—also announced it’s looking to raise more debt to double down on its volatile bitcoin investment. At one point worth more than $5 billion, MicroStrategy’s bitcoin holdings are now worth less than … [+] $3.5 billion. Key Facts In a Monday morning regulatory filing, Virginia-based MicroStrategy disclosed it expects to incur the […]

Bitcoin ($BTC USD) Cryptocurrency Price Fall Has Strategists Seeing $20,000 – Bloomberg

by crypto journalist
Another bad week for Bitcoin could be a precursor of more pain to come, according to strategists watching the selloff in cryptocurrencies. Further weakness in its price may bring the $20,000 zone into view as a downside target, according to Oanda Corp., Evercore ISI and Tallbacken Capital Advisors LLC. Bitcoin has dropped about 7% this week and was trading at about $34,200 as of 10:16 a.m. in London. The largest cryptocurrency is “dangerously approaching the $30,000 level” amid growing regulatory fears in the U.S., and “a break of $30,000 could see a tremendous amount of momentum selling,” said Edward Moya, […]

Bitcoin Drops Below $40K, Crypto Economy Down 17%, Markets Lost $250 Billion Last Week – Markets and Prices Bitcoin News

by crypto journalist
Bitcoin Drops Below $40K, Crypto Economy Down 17%, Markets Lost $250 Billion Last Week On Wednesday, cryptocurrency markets continue to drop lower in value, as the entire crypto-economy has plunged 17% below the $2 trillion mark and now rests at $1.801 trillion. Bitcoin, the leading cryptocurrency in terms of market capitalization, touched a high of $40,770 per unit at 4:48 a.m. (ET). A few hours after hitting that price range, the crypto asset tapped a low of $36,250 dropping over 11%. Cryptocurrency Markets Shed Billions, Crypto Economy Plunges Below $2 Trillion Bitcoin (BTC) has lost considerable value during the last […]

Anonymous Targets Elon Musk for Destroying Crypto Holders’ Lives, Trying to Control Bitcoin – Featured Bitcoin News

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Anonymous Targets Elon Musk for Destroying Crypto Holders’ Lives, Trying to Control Bitcoin The decentralized group Anonymous has published a message for Elon Musk in a video where they called the Tesla CEO “nothing more than another narcissistic rich dude who is desperate for attention.” They shed light on many things people may not know about Musk, including how he treats his employees, harms the environment, where his fortune came from, how Tesla actually makes money, and his attempt to centralize and control bitcoin mining. Anonymous, a decentralized international activist and hacktivism movement, posted a video Friday directed at Tesla […]

Filipinos Can Now Cash in Crypto Without Fees Through Moneybees OTC Outlets – Press release Bitcoin News

by crypto journalist
Filipinos Can Now Cash in Crypto Without Fees Through Moneybees OTC Outlets press release PRESS RELEASE. With cryptocurrency adoption increasing in the Philippines, Filipino users are looking for ways to convert their digital assets into cash at an affordable rate. The Central Bank of the Philippines has recorded P76 billion (US$ 1.5B) worth of transactions processed by local virtual currency exchanges (VCEs) in 2020, which is five times higher than the transaction volume in 2019. , the pioneer of over-the-counter crypto (OTC) exchange in the Philippines, is changing the face of crypto transactions as it enables both OTC and online […]

Dogecoin, bitcoin prices climb as Elon Musk solicits help to improve meme coin, talks sustainability with miners – MarketWatch

by crypto journalist
Elon Musk said Monday that he’s working on two fronts that could be read as bullish in the longer term for dogecoin and bitcoin. On Monday, the Tesla chief executive tweeted that he had spoken to bitcoin BTCUSD, -1.61% miners, and that the community has committed to publishing data on their renewable-energy usage. Monday’s tweet from Musk comes about two weeks after he halted sales using bitcoin at Tesla TSLA, +4.40% due to what he described as practices that weren’t environmentally sustainable. “Tesla has suspended vehicle purchases using bitcoin,” Musk posted on Twitter on May 12. “We are concerned about rapidly […]

Hacking group Anonymous issues warning to Elon Musk claiming too much power influence Bitcoin prices | Daily Mail Online

by crypto journalist
Greetings citizens of the world This is a message from Anonymous, for Elon Musk. For the past several years you have enjoyed one of the most favorable reputations of anyone in the billionaire class because you have tapped into the desire that many of us have to life in a world with electric cars and space exploration, but recently your carefully created public image is being exposed and people are beginning to see you as nothing more than another narcissistic rich dude who is desperate for attention. It appears that your quest to save the world is more rooted in […]

Bitcoin mine discovered by UK police on cannabis farm raid

by crypto journalist
Police searched a unit on May 18 on the back of intelligence that led them to believe it was being used as a cannabis farm. This content was originally published here.