One of the largest Canadian renewable energy-focused cryptocurrency mining firms BitFarms has been listed on the New York-based American stock exchange Market NASDAQ. Cryptocurrency mining firms earn transaction fees in the native token of the specific network such as bitcoin, Ethereum, and Litecoin, for securing and processing transactions on the […]

Former hedge fund manager Jim Cramer explained on Monday (June 21) why he recently sold almost all of his remaining Bitcoin holdings. Cramer is the host of CNBC show “Mad Money w/ Jim Cramer“. He is also a co-anchor of CNBC’s “Squawk on the Street“, as well as a co-founder of financial news […]

Bitcoin has dropped 6.55% in the last 24 hours to trade at $33,068 and bringing the weekly low to 17.66% in an event directly related to the massive crackdown of bitcoin mining farms and trading in China. The crackdown started in late May, and immediately led to a 30% drop […]

On Friday, the price of bitcoin suffered a huge bout of downward pressure following statements from the United States Federal Reserve about the possibility of hiking interest rates very soon. BTC reacted negatively to the news while the US dollar spiked as investors lowered their inflation expectations in the next […]

Recently, crypto analyst and influencer Tyler Swope explained how he came up with his year-end price target for Bitcoin. He also talked about Bitcoin’s upcoming Taproot upgrade. In a YouTube video released on June 11, the host of the “Chico Crypto” YouTube channel, told the over 253K subscribers that those who are predicting that […]

The bitcoin network currently is heavily congested with average fees rising as an unknown amount of hashpower is turned off in Sichuan, the world’s bitcoin mining capital. The electricity supply for at least the 26 biggest mining farms there was shut off just a few minutes ago at midnight Shanghai […]

Despite bitcoin’s apparent lull after plunging over 30% from its historic high in May, institutional interest in bitcoin is still rising. United States investment bank Goldman Sachs has launched a bitcoin (BTC) futures trading product for its clients in partnership with Mike Novogratz’s crypto merchant bank, Galaxy Digital. Goldman Sachs’ […]

Authorities in China have ordered the closure of crypto mining farms in Ya’an, a prefecture city in Sichuan that has emerged as a key crypto mining center. The order comes on the heels of Beijing’s wider clamp down on the bitcoin mining industry. Sichuan Calls End To Crypto Mining According […]

Sexagenarian Billionaire, Tim Draper, is doubling down on predictions that Bitcoin is on course to smash the quarter-a-million mark by the end of 2022. The strong Bitcoin proponent who rose to the ranks of a three comma senior citizen, courtesy of fruitful early investments in SpaceX, Twitter, Tesla, and Bitcoin […]

Bitcoin’s Death Cross Seems Inevitable Also from the chart, it can be observed that Bitcoin continues to trade below the 200-day moving average (green) with the earlier mentioned death cross, destined to occur in the next few days. Therefore, the relief rally mentioned by Magic might be short-lived given the […]