Bitcoin

Bitcoin Hashrate Hits 180 Exahash, Mining Difficulty Climbs Higher, Pools Jump by 35 percent

February 22nd, 2021

The price of bitcoin has climbed to phenomenal heights during the last few weeks and this has fueled the crypto asset’s mining sector a great deal. Despite the fact that the Bitcoin network’s mining difficulty has never been higher at 21.72 trillion, the hashrate has climbed to a whopping 180 exahash per second (EH/s) and…

Federal Reserve Bank President James Bullard Confident Bitcoin Not a Threat to US Dollar

February 21st, 2021

The president of the Federal Reserve Bank of St. Louis, James Bullard, has shared his view on the future of bitcoin. He is confident that the cryptocurrency poses no threat to the U.S. dollar. Referencing the unpopularity of various versions of dollars issued before the Civil War by banks, Bullard predicts the same fate will…

Another $3 trillion Stimulus? Why America’s Stimulus Madness Will Fuel Bitcoin Prices

February 21st, 2021

The newly appointed Biden-administration is just giving an aggressive push to Bitcoin (BTC) with the move of boosting America’s economic activity. While the Democrats are already working on a $1.9 trillion fiscal stimulus bill a report from Washington Post suggests that lawmakers are already discussing another $3 trillion stimulus package. Additional $3 Trillion Stimulus? Owing…

Elon Musk Says Holding Bitcoin Is Less Dumb Than Cash, Disputes Peter Schiff’s Claims About Money and BTC

February 21st, 2021

Tesla and SpaceX CEO Elon Musk have clarified his position on bitcoin. Emphasizing that he is an engineer, not an investor, Musk says that bitcoin “is simply a less dumb form of liquidity than cash.” Musk also disputed gold bug Peter Schiff’s claims about bitcoin and commented on the price of the cryptocurrency. What Elon…

Bill Gates Neutral on Bitcoin but Says Cryptocurrency Is an Innovation the World Can Do Without

February 20th, 2021

Microsoft founder Bill Gates is no longer a bitcoin bear. He has now taken a neutral stance on bitcoin as an investment. However, as an innovation, he says that cryptocurrency is one that the world would be better off without because it allows for certain criminal activities. Bill Gates Changes His Mind About Bitcoin Bill…

Bitcoin Tops $56,300, Here Are Bullish and Bearish Cases for Its Next Journey to $65,000

February 20th, 2021

The world’s largest cryptocurrency Bitcoin (BTC) continues its surge to hit its new all-time high above $56,300 levels. At press time, Bitcoin (BTC) is trading 8.9% up at a price of $55,701 with a market cap of $1038 trillion. The recent price has helped Bitcoin (BTC) to become the first cryptocurrency trillion-dollar asset in the…

Elon Musk Changes His Twitter Profile Pic to Bitcoin, BTC Price Crosses $56k

February 19th, 2021

Billionaire entrepreneur and Tesla CEO Elon Musk seem to be enjoying Tesla’s investment in Bitcoin. The world-famous entrepreneur today updated his profile pic with an anime character wearing the Bitcoin symbol. The entrepreneur also tweeted that this was only for a day. Elon Updates his Profile Pic with Bitcoin For a Day Elon Musk recently…

Tesla CEO Elon Musk Calls Bitcoin “Almost” As BS As Fiat Currency

February 19th, 2021

Ten-days after automobile giant Tesla announced its $1.5 billion Bitcoin purchase, company CEO Elon Musk has put out some criticism against Bitcoin. “Bitcoin is almost as bs as fiat money. The key word is “almost”,” he said. Elon Musk’s comments came responding to a Bloomberg post. The Bloomberg article shares Binance CEO Changpeng Zhao’s (CZ)…

Bitcoin price targets $60,000 as technicals flip massively bullish

February 18th, 2021

Bitcoin has finally settled above $50,000, allowing bulls to fight for higher levels. The flagship cryptocurrency is hit a new record high at $52,730 on Coinbase but dancing at $52,075. It was a struggle clearing the seller congestion at $50,000 early this week, especially with the negative premium on the Coinbase exchange. However, Bitcoin is…

Elon Musk’s Tesla Faces Scrutiny Over Potential Conflict of Interest in $1.5 Billion Bitcoin Purchase

February 18th, 2021

Tesla is facing more scrutiny over its $1.5 billion dollar bitcoin purchase. A Tesla board member who reportedly approved the company’s bitcoin buy deal is a cryptocurrency investor who also sits on the boards of two major crypto firms. Experts Question Conflict of Interest in Tesla’s Bitcoin Purchase Tesla is further under scrutiny over its…