Bitcoin mining intensively comes with various drawbacks, affecting human resources and contributing to increased environmental contamination. Bitcoin mining faces criticism not only for its substantial power usage but also for various concerns highlighted in a recent New York Times report. Beyond electricity consumption, issues span from heightened environmental impact to implications for human resources, making […]
BTCUSD Bulls Find Themselves at a Pivotal Crossroads Having successfully concluded a bearish phase at the lower boundary of the parallel channel, the BTCUSD market has embarked on a new uptrend. The current focal point rests on the middle line of the parallel channel, a decisive juncture that holds the potential to either bolster the […]
Strike’s latest offering, enabling Bitcoin investment through direct deposit, is positioned to stimulate a bullish BTCUSD market. The efficient process entails logging into your profile, navigating to the ‘Direct Deposit’ section, and adjusting the ‘Get Paid in Bitcoin’ preferences. The option to select the percentage of your paycheck for Bitcoin conversion caters to both conservative […]
Introduction In 2018, Circle launched USDC, a stablecoin, to tap into the transformative potential of open blockchain networks. USDC, pegged to the US dollar, fuses the stability and trust of traditional currency with the agility and innovation of the internet. This report delves into the macro perspective of the USDC economy, highlighting its global reach, […]
In a bold chess move that echoed through the financial world, MicroStrategy, a trailblazing software company, didn’t just dip its toes into the cryptocurrency waters—it made waves. In late December 2023, the company committed over $615 million to acquire 14,620 bitcoins, catapulting its total bitcoin holdings to a staggering 189,150, with a market value exceeding […]
Bitcoin has shown a notable recovery, approaching $42,000, with a cryptocurrency analyst (a leading analyst) predicting a forthcoming rise to $49,000. The leading cryptocurrency, Bitcoin (BTC), has staged a robust recovery following recent significant price drops. Its value is on the verge of reaching $42,000 once more, bouncing back from dipping below $39,000 earlier this […]
BTCUSD Poised to Spring Up from Support Level BTCUSD is poised to initiate an upward movement following its recent touch-down at the lower border of the parallel channel. Despite this setback, the overall market trend remains bullish, with the decline occurring after unsuccessful attempts to push the price beyond the upper border of the parallel […]
In a recent warning issued by financial firm Cantor Fitzgerald, the impending Bitcoin halving event, slated for April 2024, has sent shockwaves through the Bitcoin mining community. The halving, a deliberate reduction in the reward for mining a block of bitcoin from 6.25 to 3.125 bitcoins, aims to curtail the supply of bitcoin and enhance […]
Bitcoin, the world’s leading cryptocurrency, has recovered from a sharp dip to $38,500 triggered by the wear-off of the effect of the introduction of the first U.S. spot bitcoin ETFs two weeks ago. According to a JPMorgan research report, profit-taking by investors who had previously acquired shares of the Grayscale Bitcoin Trust (GBTC) at a […]
