Bitcoin (BTC) is definitively the “new gold” for the third richest man in Mexico, Ricardo Salinas Pliego. In a tweet on June 27, Ricardo Salinas Pliego confirmed claims that he recommends Bitcoin as an investment rather than fiat currencies or gold. Pliego reiterates Bitcoin benefits Pliego, already well known as a Bitcoin proponent, has stuck by his …
Continue reading “‘Absolutely right’ to think of Bitcoin as the new gold — Mexico’s 3rd richest man”
China’s crackdown on Bitcoin (BTC) mining operations has led to a significant drop in the network’s hash rate, but industry participants believe it presents an incredible opportunity for the wider mining ecosystem. China has long been a major contributor to the Bitcoin mining space, at times accounting for more than 70% of the global hash …
Continue reading “Hashing out a future: Is Bitcoin hash rate drop an opportunity in disguise?”
Bitcoin (BTC) rose from a fresh $30,000 support challenge on June 27, continuing uncertain ranging which has worried traders. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin avoids sub-$30,000 “nuke” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting highs of $33,445 on Bitstamp Sunday. Saturday saw the pair drop back to $30,070, ultimately averting …
Continue reading “Bitcoin bounces off $30K amid ‘possibility’ of exit to mid-$40K range”
“If you can’t measure it, you can’t manage it” is probably the most cited quote attributed to Peter Drucker, who is known as the father of management thinking. While the quote is apocryphal, nevertheless it gained its place in the pantheon of business books because it highlights the importance of reliable metrics in making sound …
Continue reading “Crypto needs a decentralized daily reference rate”
According to new reports, Raees and Ameer Cajee, the two young directors of the recently collapsed crypto investment firm, Africrypt, have “categorically denied” allegations they fleeced clients. Instead, the brothers insist their company is the victim of a hack while also claiming that the media may be overestimating the value of the missing bitcoins. These …
A court of appeals in France has upheld the verdict in the case against BTC-e operator Alexander Vinnik. His lawyers vowed to continue the legal struggle against Vinnik’s return to Greece in order to avoid a likely extradition to the U.S. Court Confirms Vinnik’s 5-year Sentence for Money Laundering The Court of Appeals of Paris …
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On Saturday, Bitcoin’s SHA256 hashrate managed to climb back above the 100 exahash per second region after it slid to a low of 91 EH/s three days ago. Meanwhile, in five days the network’s mining difficulty change is approaching and it could see the difficulty drop over 20%. Bitcoin Hashrate Climbs Back Above 100 EH/s, …
Popular crypto analyst Nicholas Merten has his eye on a key indicator that may be showing Bitcoin is hitting its bottom and preparing for a big breakout. In a new strategy session, Merten takes a look at the fear and greed index, which gauges the overall sentiment of crypto traders and investors by utilizing a …
Widely-followed crypto strategist Michaël van de Poppe says he’s keeping a close watch on the price action of Cardano, Ethereum and two low-cap altcoins as the digital asset market continues to show signs of weakness. In a new tweet, Van de Poppe tells his 346,800 followers that while Cardano has recovered a key level against …
You might have heard the term “smart city” before — a futuristic, utopian idea that we might see implemented in the foreseeable future. Indeed, some metropolises — like Singapore, Seoul, Amsterdam, Oslo and Tokyo — are already on their way to becoming “smart.” So, what makes a city smart? That label is still quite abstract …
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Bitcoin’s trajectory on a macro level is generally up Anyone who has held Bitcoin for 3.25 years has made money Bitcoin has only printed one calendar year with a lower low Holders who are tempted to sell right now, are advised to resist the urge to close down positions Bitcoin has rebounded from yesterday’s low …
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Iranian authorities have so far authorized 30 facilities for cryptocurrency mining. The crypto mining farms are spread across several regions, including Tehran Province. The government has put out the data amid a crackdown on illegal miners in the country. A Third of Authorized Mining Farms Are Based in Two Provinces The Iranian Ministry of Industries, …
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Tesla CEO Elon Musk and Twitter CEO Jack Dorsey have agreed to have “the talk” at the bitcoin event called “The B Word,” which aims to show institutional investors how they can embrace bitcoin. Elon Musk vs. Jack Dorsey at Bitcoin Event Tesla and Spacex CEO Elon Musk and Twitter and Square CEO Jack Dorsey …
The chief investment officer of asset management firm Guggenheim, Scott Minerd, thinks he knows where the real bottom of bitcoin’s price is. He warns that the price of the cryptocurrency could fall to the $15K level. Guggenheim’s Scott Minerd Sees Bitcoin Bottom The chief investment officer (CIO) of Guggenheim Partners, Scott Minerd, is back with …
Real-world use cases and delivered value are important when evaluating the long-term prospects of a cryptocurrency project, and this is especially true in down markets when sentiment is low and the possibility of an extended bear market is a reality. One project that has been gaining momentum over the past month despite the market-wide downturn …
Continue reading “3 reasons why Quant (QNT) price rallied 125% this week”
