[ad_1] Bitcoin mining, a complex activity that requires adding data to the blockchain, has been the subject of complaints. While it’s arguably a lucrative trade for some, it impacts the local electricity grid. Some estimates say you need up to 155,000 kilowatt hours (kWh) of electricity just to mine one coin, and each transaction requires around 851 kWh, equivalent to one month’s electricity supply for an average household in the US. Bitcoin mining’s threat is global, with many national and local economies feeling the pinch. For example, Tenaga Nasional Berhad, Malaysia’s national electricity provider, has reported losses of more than…
Author: dfrancis36
[ad_1] Ethereum (ETH) continues to perform poorly against Bitcoin (BTC) as the second-largest digital asset by reported market cap hit new multi-year lows against the top cryptocurrency. Ethereum Continues To Underperform Against Bitcoin Today, Ethereum’s native ETH token slid further against BTC, recording a low of 0.0365 and erasing all its gains against Bitcoin since April 2021. This multi-year low against BTC is bound to dampen the expectations of ETH permabulls. Source: ETHBTC on TradingView.com In December 2021, ETH reached a local high of 0.0865 against BTC. However, since then, the smart contract token has been on a continual downward…
[ad_1] Following Microsoft’s recent proposal to shareholders to consider investing in Bitcoin, Michael Saylor, co-founder of MicroStrategy and a prominent BTC advocate, publicly encouraged Microsoft CEO Satya Nadella to embrace the largest cryptocurrency as a means to future growth. MicroStrategy’s Stock Surges To 25-Year High In a post on social media platform X (formerly Twitter), Saylor stated, “If you want to make the next trillion dollars for the Microsoft shareholders, call me,” emphasizing the financial potential of BTC investments. Saylor’s company, MicroStrategy, has made headlines for its aggressive Bitcoin acquisition strategy over the past four years, significantly boosting its stock…
[ad_1] Este artículo también está disponible en español. Bitcoin’s consolidation below $68,000 extended throughout this week, with bulls holding steady above the $66,000 support level. Although the cryptocurrency hasn’t seen a significant push to the upside, its ability to avoid a deeper correction means that Bitcoin remains on track to end October on a bullish note. Related Reading In support of this outlook, a crypto analyst has highlighted an emerging trend in Bitcoin’s UTXO metric, which suggests a looming breakout in the crypto’s price. UTXO In Loss Reaches Highest Point Ever The number of Bitcoin UTXO in losses recently reached…
[ad_1] In recent years, crimes and crypto have grown inexorably entwined. Crypto crimes rise as its popularity and use cases grow, therefore putting at risk traders and companies alike. TrendMicro claims that even while the value of crypto transactions received by illegal addresses has reduced to an estimated $24.2 billion, this figure will still develop as more dubious addresses come to light. Crypto crimes have become so pervasive that the United States has even been pushed to create a task force to combat them and work with other agencies when necessary. And that’s exactly what the US did when it…
[ad_1] Este artículo también está disponible en español. A crypto analyst has forecasted a massive price surge for Dogecoin (DOGE), predicting that the king of meme coins will hit a whopping $24 in the near term. While this price target may seem ambitious with Dogecoin currently trading below $1, the analyst has remained confident, indicating that a surge to this target would shock skeptics. Related Reading Dogecoin Eyes $24 Price Target The Dogecoin price has been trading below $1 for years now, experiencing significant price fluctuations as it attempts to break out of key resistance levels and move past current…
[ad_1] Bitcoin has faced a turbulent week, with price swings ranging from a local high of $69,500 to a low of $65,000, cooling off after weeks of bullish excitement. Now, BTC is consolidating just below the crucial $70,000 level, a price point seen as a key threshold for the next major move. Despite the price cooling, top investors and analysts are keeping a close watch on market dynamics. CryptoQuant analyst and prominent investor Maartunn recently shared a chart highlighting a significant increase in BlackRock’s balance and balance changes in BTC, suggesting that the financial giant may be strategically propping up…
[ad_1] Este artículo también está disponible en español. Ethereum has experienced a sharp retrace, dropping over 13% since Monday and stirring concerns among investors who had anticipated a breakout. This sudden pullback, which took ETH as low as $2,380 on Friday, has injected a sense of worry into the market, leaving many to question the strength of its recent rally. However, on-chain data from Santiment reveals an intriguing development—whale activity in Ethereum surged to a six-week high just as the price dipped. Related Reading This spike in large transactions suggests potential accumulation by whales, a pattern often viewed as a…
[ad_1] Este artículo también está disponible en español. The Bitcoin price could see its price surging dramatically to $200,000, with the formation of a new Cup and Handle pattern. While the pioneer cryptocurrency has been slowly recovering from bearish trends to reach the $70,000 mark, a rally to $200,000 would mark a historical milestone and a new All-Time-High (ATH) for BTC. Technical Pattern Signals $200,000 Rally Ahead Popular crypto analyst, Mags has unveiled a new technical pattern in the Bitcoin price chart. According to his post on X (formerly Twitter), Bitcoin is currently forming “a massive cup and handle pattern,”…
[ad_1] Circle chief executive officer, Jeremy Allaire has confirmed that the stablecoin issuing company remains committed to launching an initial public offering (IPO). Interestingly, these comments have come amidst a controversial report on Circle’s biggest competitor Tether. Circle Financial Standing Strong, No Need For Extra Funds, Circle Boss Says In an interview with Bloomberg on Friday, Jeremy Allaire stated that Circle’s plans to go public are still in place and underway. Notably in January, the stablecoin operator behind the USD Coin (USDC) filed a confidential draft registration for an IPO with the US Securities and Exchange Commission (SEC). This application…