Death knell for Chinese crypto miners? Rigs on the move after gov’t crackdown

The latest events in China have pushed crypto miners to reevaluate domestic risk as they may now look toward international expansion. When it comes to China, few things are crystal clear, and the nation’s recent crackdown on crypto mining is no exception. The State Council’s Financial Stability and Development Committee reported on May 21 that …

Jack Dorsey outlines Square’s tentative plans for Bitcoin hardware wallet

“Bitcoin is for everyone. It’s important to us to build an inclusive product that brings a non-custodial solution to the global market,” the CEO said. Square Inc., the mobile payments company behind the popular Cash App, is strongly considering developing an open-source Bitcoin (BTC) wallet, signaling continued conviction in the future of digital currency payments.  …

Forget Elon, here’s why Bitcoin traders should be watching the US Dollar Index instead

The U.S. dollar index recorded its best daily performance in almost nine months just as the BTC/USD exchange rate fell following Elon Musk’s cryptic tweet. Bitcoin (BTC) prices fell by almost 5% on June 4, continuing the decline into the Friday session as investors grappled with Elon Musk’s cryptic tweets on the cryptocurrency, raising speculation …

Bitcoin bulls give ‘conservative’ 10-year estimate for hyperbitcoinization to hit

A decade to hyperbitcoinization is “most likely,” says Kraken executive Dan Held, a forecast echoed by Unchained Capital’s Parker Lewis. Bitcoin (BTC) may be just 10 years away from seeing mass adoption in an event known as “hyperbitcoinization.” That’s according to participants of the Bitcoin 2021 conference in Miami, who on June 4 delivered surprisingly optimistic …

Musk Tweets Bitcoin With Broken Heart, Price Slumps – Buy The Dip?

The Bitcoin price has slumped. Guess why? It’s Tesla boss Elon Musk having another go at Bitcoin. The billionaire CEO of the popular electric vehicle company seems to be bringing his long affair with crypto – or at least bitcoin – to an end by continuing to undermine the top digital asset’s value. Or at …

Biden Makes Cryptocurrency a Focus of New Anti-Corruption Directive for National Security

Cryptocurrency is a point of focus in President Joe Biden’s new directive aimed at combating corruption as a core national security interest of the U.S. An official of the Biden administration says that major parts of the directive will focus on cryptocurrency and cybercrime. Crypto a Focus in Biden’s New Directive for National Security President …

India’s Central Bank RBI Still Has ‘Major Concerns’ About Crypto After Saying Ban No Longer Valid

The governor of the Reserve Bank of India (RBI), Shaktikanta Das, has clarified the central bank’s position regarding cryptocurrency. His statements followed a notice published by the RBI telling banks that its crypto banking restriction is no longer valid and cannot be cited. RBI Still Has Major Concerns About Crypto RBI Governor Shaktikanta Das clarified …

Crypto E-Commerce Giant Shopping.io Supports eToro Social Impact Non-Profit, GoodDollar

PRESS RELEASE. Shopping.io – Los Angeles, CA the premier crypto E-commerce platform will donate $50,000 to eToro’s flagship corporate social responsibility project GoodDollar, a non-profit initiative that distributes free crypto-based universal basic income (UBI) as part of its mission to onboard and educate the next billion digital assets users. Shopping.io’s $50,000 donation will be used …

Crypto Consolidation Continues — Bitcoin’s Attempt to Rise Above Psychological Levels Falls Short

Digital currency markets have slid in value over the last 12 hours as the entire crypto-economy has lost over 7% during the last 24 hours. Bitcoin attempted to cross the $40k handle but was stopped at $39,490. Since then, bitcoin has dipped 7.3% during the early morning (EST) trading sessions on Friday. Bitcoin $40K Attempt …

How Will Miami Bitcoin2021 Affect Crypto Prices, Buy Now?

Cryptocurrencies were initially performing quite well over the last two days of the Bitcoin2021 conference taking place from June 3 to June 5. This is the largest crypto conference globally with nearly 50,000 attendees. The event includes discussions about the global future of digital currencies and is headlined by Jack Dorsey and Tony Hawk, a …

We tracked down the original Bitcoin Lambo guy

Jay is the Bitcoin OG who created a meme by buying a Lamborghini with the cryptocurrency. He went from a poverty-level existence to enjoying a well-off lifestyle in a gated community thanks to mining Bitcoin in the early days but not without having to worry for his familys safety. As BTC first broke the $1,000 …

CEOs of top Russian banks Sberbank and VTB blast Bitcoin

Top Russian bankers cite their reasons for not liking Bitcoin after Tinkoff’s CEO said that the central bank was stopping it from offering crypto trading services. Sberbank and VTB, the two biggest banks in Russia, are not willing to move into the cryptocurrency market in the near future as their CEOs believe that crypto is …

‘Largest Bitcoin event in history’ Bitcoin 2021 kicks off in Miami

The Bitcoin 2021 main conference day is kicking off today, featuring mayor Francis Suarez, Twitter CEO Jack Dorsey, MicroStrategy CEO Michael Saylor and many others. Bitcoin 2021, the biggest Bitcoin event in history with a sold-out crowd of at least 12,000 attendees in Miami, is kicking off with some of the world’s biggest industry players. …

Clean-water nonprofit launches celebrity-funded Bitcoin Water Trust

The Bitcoin Water Trust currently has collected more than 12 BTC so far, representing a cumulative value of $468,000 at today’s prices. Charity: water, a New York-based nonprofit with a mandate to bring clean and safe driving water to developing countries, has begun accepting Bitcoin (BTC) donations through a dedicated cryptocurrency fund — a move …

Litecoin Price Prediction: LTC/USD Shows Sign of Weakness at $187

Litecoin Price Prediction – June 4 The Litecoin price is currently fighting to reclaim the $180 resistance level as the coin moves below the 9-day and 21-day moving averages. LTC/USD Market Key Levels: Resistance levels: $260, $280, $300 Support levels: $90, $70, $50 LTCUSD – Daily Chart LTC/USD opens today’s trade with the opening price …

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