One of the most commonly repeated criticisms of Bitcoin is its energy consumption. It seems that every few months, some new report is penned stating that Bitcoin uses the same amount of electricity as an ever larger country. However, demonising Bitcoin on such grounds is highly reductionist. After all, there is a lot more that…
Bitcoin scaled a fresh session high on Monday as tit-for-tat trade tariffs by the United States and China bruised global stocks and boosted demand for perceived safe-haven assets. Global mkts slumping amid trade gloom. New tariffs were announced by both China & US. Trump cited his authority under IEEPA (trade war nuclear option) to order…
As part of a typically-impassioned media appearance, RT’s Max Keiser has once again claimed that Bitcoin will outperform every other asset on the planet in the relatively short term. The presenter and perma-bull believes that institutions wanting to get into the industry will drive the price skywards as they accumulate the necessary inventory to offer…
Lightning Labs has taken one step closer to bringing Lightning Network payments to mobile with the launch of the Lightning App for iOS and Android in alpha on the Bitcoin main net. It follows the recent launch of the Lightning App on desktop, bringing the total number of operating systems supported by the program to…
After a five percent increase overnight, the bitcoin price is vulnerable to a major correction. A prominent trader Peter Brandt warned that a fall below a key level may trigger a serious correction.Brandt named the 18 displaced moving average (DMA) as the important level bitcoin has to defend to prevent a large pullback. Currently, as…
Leading cryptocurrency exchange Binance has stated that it has reduced the number of confirmations required to make a transaction to and from the exchange. The crypto assets that the change will apply to for now are Bitcoin (BTC) and Ether (ETH). The move should make the overall service offered by the exchange stronger. Requiring less…
Kin, the cryptocurrency project launched by the firm behind the messaging application Kik, has asked the crypto asset space for donations to fund a potential legal battle with the US Securities and Exchange Commission. The firm is hoping that such a lawsuit will help to clarify the legal position of many digital currencies that were…
The U.S. dollar drop and the Bitcoin surge happened at the same time. Why? Before we reveal the answer, let’s explore the multiple factors in the background starting with the continued downward adjustment of interest rates on U.S. Treasury bonds and quantitative easing policies. These policies have caused a lot of U.S. dollars to be…
Long-time Bitcoin proponent and CEO at BullBitcoin.com Francis Pouliot is concerned about the lack of progress made by the company behind the instant messaging application Telegram towards its crypto ambitions. The company sold tokens to investors last year, raising $1.7 billion in the process. Telegram had promoted the project, called the Telegram Open Network (TON)…
A Germany state decided to hold rather than auction a stockpile of confiscated bitcoin, only to realize that their seized assets grew in value. Heise Online reported on Wednesday that the State of Lower Saxony is currently holding about €650,000 in bitcoin. At the time of their seizure, the value of the cryptocurrency stockpile was…