Recent reports show that China accounts for 21% of the total global Bitcoin (BTC) hash power output despite an all-out ban on cryptocurrency operations in the country last year. The report from the Cambridge Bitcoin Electricity Consumption Index (CBECI) revealed that China was the second-largest Bitcoin hash power provider as of January this year after […]
Despite the frenzied sell-off recorded in Bitcoin (BTC) over the past few days, El Salvador has added more BTC to its reserves “at a discount.” President of El Salvador Nayib Bukele announced via Twitter yesterday that his country had purchased an additional 500 BTC. He tweeted: “El Salvador just bought the dip! 500 coins at […]
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As the cryptocurrency market and most of the equities market continues to plummet, the Bitcoin (BTC) Fear and Greed Index has slumped to alarmingly low levels. At press time, the Index has dropped to levels not seen since January, when the benchmark cryptocurrency traded at around $33,000. So far, May has not turned out to […]
Two US lawmakers, Senator Elizabeth Warren (D-Massachusetts) and Senator Tina Smith (D-Minnesota) have questioned Fidelity Investments’ recent announcement to allow customers to put Bitcoin into their 401(k) retirement accounts. This questioning comes after the US Department of Labor tables similar concerns with the investment firm. The senators wrote a letter to the CEO of the […]
Bitcoin (BTC) recorded a surge after a streak of downward momentum courtesy of the US Fed interest rate decision announcement. The benchmark cryptocurrency tapped the $40,000 top for the first time since April 28. As expected, the broader market reacted similarly to the news, as the total market cap added 5.7% to its value yesterday. […]
Top executives in the cryptocurrency space have written to the US Environmental Protection Agency (EPA) to address falsities and preconceived notions surrounding Bitcoin (BTC) mining. Not surprisingly, the letter was authored by MicroStrategy CEO Michael Saylor, along with Castle Island Ventures partner Nic Carter and Core Scientific co-founder Darin Feinstein. This address comes after some […]
Following news that Fidelity Investment plans to create a Bitcoin (BTC) plan in its 401(k) retirement accounts, MicroStrategy CEO and vocal Bitcoin supporter Michael Saylor has commended the move, arguing that BTC is perfect for retirement and better than bonds. Speaking to CNBC on April 26, the pro-Bitcoin CEO argued that BTC is significantly better […]
The launch of Australia’s first Bitcoin (BTC) exchange-traded fund (ETF), originally scheduled for April 27, has been postponed, with reports faulting a third-party broker. Last week, ASX Clear (Australian Securities Exchange), the nation’s equity capital market regulator, green-lighted the application to launch the first BTC ETF in the country. This approval came after four market […]
