Bitcoin Social Interest Drops Amid Altcoin Mania But Whale Accumulation Continues

February 5th, 2021

Bitcoin (BTC) has been playing a catch-up rally with Ethereum (ETH) on Thursday and surged around 4% to move past $37,500 levels. With Bitcoin consolidation for a while and the altcoin mania recently picking up, the social interest for Bitcoin has dropped in recent times. As noted by Santiment, Bitcoin’s social discussion rates compared to…

Bitcoin Overtakes Gold in the U.S. as the 4th Most Popular Investment Vehicle

February 4th, 2021

Research by Bitflyer released today indicates the growing popularity of the cryptocurrency as an American household investment option. But not in Japan. Stocks Remain the #1 Investment Vehicle Bitflyer, a Japanese crypto exchange, released a research paper that dives into cryptocurrency sentiment and investment trends in the U.S. and compares them to the Japanese market….

Ukraine to Set up a Large-Scale Crypto Mining Data Center in a Nuclear Power Plant

January 30th, 2021

Ukraine’s government-owned nuclear power plant picked a firm to build a massive data center in Rivne for cryptocurrency mining operations. After a bidding process, Energoatom chose Kyiv Energy Construction Company to handle the nuclear plant crypto mining project. Nuclear Power Plant Operator Expects to Launch the Data Center in 2022 According to official documents, the…

Bitcoin Miners Strain Under Semiconductor Supply Crunch, Second-Hand Mining Rig Prices Soar

January 30th, 2021

Bitcoin mining rig manufacturers are dealing with a semiconductor supply crunch according to regional reports stemming from China. There’s been a global semiconductor supply shortage and it’s affecting nearly every type of business in the supply chain that manufactures cars, PCs, laptops, smartphones, and cryptocurrency mining devices. Moreover, the recent shortage has invoked the demand…

International Operation Disrupts Ransomware Group Netwalker by Tracing Cryptos With the Help of Blockchain Analysis

January 29th, 2021

In collaboration with Bulgarian authorities, the U.S. Department of Justice (DOJ) disrupted a well-known ransomware gang’s infrastructure. Law enforcement seized their servers and traced the illicit funds with the help of blockchain forensic analytics via Chainalysis. US Authorities Seized Over $454,000 Worth of Cryptocurrencies Per the U.S. Department of Justice’s announcement, the coordinated action took…

BIS Chief Banker Criticizes Bitcoin as Inherently Risky, Says BTC Vulnerable to 51 percent Attack

January 29th, 2021

Bank for International Settlements (BIS) general manager Agustin Carstens has criticized bitcoin saying the asset was inherently risky and “increasingly vulnerable” to a 51% attack. A long time bitcoin (BTC) skeptic, Carstens stressed that only central banks should be issuing digital currencies. “Investors must be cognizant that bitcoin may well break down altogether,” he opined,…

Wall Street “Perma Bear” Predicts Stock Market Crash: Says Bitcoin Cannot Be Ignored as He Touts Gold

January 27th, 2021

Long-term Wall Street bear and bitcoin holder, David Tice predicts that the stock market will crash fall by 30% in a retreat that will persist for two years. Although the veteran investor is not giving the specific commencement date for this downturn, he warns that when it breaks, “it’s likely to brake hard and cause…

February BTC Bull Run Likely As Top Executives to Attend MicroStrategy’s Virtual Bitcoin Summit

January 27th, 2021

MicroStrategy CEO Micahel Saylor is all pumped and geared to host its Virtual “Bitcoin (BTC) Corporate Strategy” Summit next week on February 3-4. At the summit, the CEO shall be briefing big corporates on how they can invest part of their company’s reserve cash in Bitcoin (BTC). Top executives from the crypto industry have pledged…

Bahrain Central Bank Issues License to Shariah-Compliant Crypto Exchange

January 27th, 2021

Middle Eastern crypto exchange Coinmena said this week that it had obtained a crypto assets services company license from the Central Bank of Bahrain (CBB) ahead of its planned launch. In receiving the license, the exchange, which has been certified by the Shariyah Review Bureau, said it had met several technical, operational, and security requirements…

Marathon Patent Group Buys $150 Million Worth of Bitcoin as a Reserve Asset

January 26th, 2021

Marathon Patent Group announced Monday that it bought 4,813 bitcoins in a deal worth $150 million. The firm joins the growing list of publicly listed companies holding bitcoin in their treasuries. Merrick Okamoto, chairman, and chief executive officer of Marathon, said the Nasdaq firm is buying bitcoin (BTC) as a reserve asset. “We…believe that holding…