Elon Musk appears to have again been the catalyst for Bitcoin’s price shedding more than 10% over the weekend after Tesla’s CEO appeared to suggest the firm may be planning to dump BTC from its balance sheet this quarter. On May 16, Musk replied to a tweet predicting that Tesla […]
Bitcoin price extended its decline below the $45,000 support zone against the US Dollar. BTC is declining and it could soon test $42,000 or $40,000 in the near term. Bitcoin started a major decline from well above $50,000 and it even traded close to $45,000 The price is now trading […]
A new report shows that the banking system consumes more than twice the amount of energy that bitcoin does. The authors analyzed bitcoin’s energy usage and compared it to the banking and gold industries. Banking System Consumes Much More Energy Than Bitcoin Galaxy Digital published a report last week entitled […]
Over the course of the last week, the concern tied to the environmental impact bitcoin mining produces continues to be a very topical discussion. On May 14, the musician and activist, Sean Ono Lennon, the son of John Lennon and Yoko Ono, said that he’s more concerned with consumerism than […]
Cobie, the host of the Uponly podcast and a popular crypto Twitter personality, bolstered a fundraising session for John Oliver, a six-year-old kid that is currently battling leukemia. The initiative was quite successful, getting the attention of the likes of FTX executive Sam Bankman Fried, and managed to raise more […]
Elon Musk, the CEO of Tesla, has given three reasons why Dogecoin (DOGE) is better than Bitcoin (BTC). During the last few days, there has been a discussion in the crypto community regarding Bitcoin’s energy consumption and Dogecoin’s efficiency. This came after the decision of Tesla to suspend Bitcoin payments […]
Hive Blockchain Technologies (TSXV:HIVE | OTCQX:HVBTF | FSE:HBF), a block reward mining company that trades on the Toronto Stock Exchange, has sold off one of its subsidiaries. The company cited a new law that has cut off power subsidies to block reward miners as the reason for its move. Hive sold the […]
In the cryptocurrency space, it is usually considerably easier to focus on the negative than it is to look at the positive. As of late, Dogecoin is enduring some heavy suffering, with the fourth largest cryptocurrency by market cap falling as much as 20 percent in recent days, so for […]
Who knew what, and when did they know it? Investigating Watergate in 1973, Senator Howard Baker Jr. wanted the answer. Thanks to a couple of journalists, he eventually got it. And while the stakes may not be as high, the team at Cointelegraph Markets Pro is pretty curious about some […]
Bitcoin has taken a nasty slump of roughly 12 percent and has fallen into the high $49,000 range thanks to Elon Musk and Tesla. Elon Musk Says “No” to Crypto Payments Musk – the South African entrepreneur behind the electric car company – made headlines in February when he decided […]
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