Bitcoin's "last" hope
BTC is breaking below the lower part of the range that has been in place over past months. Note there is one last "hope" level for the bulls, the puke lows in mid June, just shy of 18k. We are well below all moving averages, wi
In addition to a $1 million ad budget, climate groups want to influence institutions such as Fidelity and BlackRock to push Bitcoin to switch from PoW to PoS.
The widespread embrace of Bitcoin and other cryptocurrencies has left many government bureaucrats feeling left out. In a bid to get in on the action, many governments have floated the idea of a "central bank digital currency," (CBDC) aka a govern
The fiat system is a walled garden surrounded by armed guards. Bitcoin penetrates and dissolves these walls, and helps humanity flourish in the process.
"I use Coinbase to hold some crypto. They sent me an email saying that my account that I had for years would be limited to withdrawals only if I do not give them updated government ID and download the latest version of the application."
Three days before Ethereum's transition from proof-of-work (PoW) to proof-of-stake (PoS), the world's largest derivatives marketplace in terms of volume, CME Group, announced plans to list ethereum options.
...To Its Top Clients. Bitcoin is the index of money laundering" - Blackrock, 2017."We are seeing substantial interest from some institutional clients in how to efficiently and cost-effectively access these assets" - Blackrock, 2022
It takes an estimated 1,449 kilowatt hours (kWh) of energy to mine a single bitcoin. That's the same amount of energy an average U.S. household consumes in approximately 13 years.
Riot sports a 750 megawatt facility in Texas and is currently in the midst of building another 1 gigawatt site in the same state. In Texas, almost all bitcoin miners were forced to shut down their rigs as crushing heat hit the state in early July.
Senator Elizabeth Warren apparently grabbed the attention of federal regulators when she stated that Voyager, the crypto platform that filed for bankruptcy protection in early July, was promoting itself as being FDIC-insured.
Ugly housing data and clear signals of demand destruction in the energy complex were not enough to stop stocks soaring further as the short-squeeze continues...
"There are over 1,000 megawatts worth of Bitcoin mining load that responded to ERCOTs conservation request by turning off their machines to conserve energy for the grid."
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