Posts in tag

BTC


Selim Korkutata | Anadolu Agency | Getty Images Bitcoin and other cryptocurrencies spiked after the U.S. Treasury apparently released details of an executive order from President Joe Biden that appeared to take a supportive stance toward digital assets. Bitcoin was trading at $41,584.21, nearly 9% higher as of 2:17 a.m. ET, according to data from …

Artur Widak | NurPhoto | Getty Images GUANGZHOU, China — Hundreds of billions of dollars were wiped off the entire cryptocurrency market after Tesla CEO Elon Musk tweeted that the electric vehicle maker would suspend car purchases using bitcoin. At around 6:06 a.m. Singapore time on Thursday when Musk made the announcement, the value of …

Digiconomist, a platform that claims to be dedicated to exposing the unintended consequences of digital trends from an economic angle, has evaluated the energy consumption of IOTA (MIOTA) and Bitcoin (BTC) and discovered that the latter uses over 10x more energy to carry a 1 BTC transaction as compared to IOTA’s Tangle, according to reports …

After a strong decline, bitcoin price found support near $7,000 against the US Dollar. The price is now trading near the $7,300 and $7,320 resistance levels. There is a major breakout pattern forming resistance near $7,320 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price could dip a few points, …