Bitcoin News / Bitcoin.com - 3 years ago
A Wells Fargo analyst has predicted the largest “reduction in U.S. bank headcount in history.” Banks are expected to cut 200,000 jobs as they strive to improve productivity and efficiency amid rising competition from fintech and non-bank...
Bitcoin News / Bitcoin.com - 3 years ago
Following concerns raised by Tesla CEO Elon Musk about Bitcoin’s energy consumption, global asset manager Ark Investment Management explained that the concerns are “misguided.” Referring to its research using real-world data, the in...
Bitcoin News / Bitcoin.com - 3 years ago
During the first three months of 2021, the cryptocurrency ethereum has shined as 90-day statistics highlight the digital asset has climbed close to 80% in value. On Monday, former Ark Invest analyst James Wang published a detailed summary highlightin...
Bitcoin News / Bitcoin.com - 3 years ago
Myspace founder Tom Anderson has joined the heated chatter surrounding the recent crypto market drop. The now-retired entrepreneur expressed his feelings about the situation, posting a laser eyes photo of himself accompanied with a short caption, &ld...
Bitcoin News / Bitcoin.com - 3 years ago
PRESS RELEASE. 17 May 2021 &- The adoption of crypto payments by one of the world’s biggest payment solution providers can mean only one thing. Cryptocurrency payments are now on the verge of going mainstream. GoCrypto, a payment solution t...
Bitcoin News / Bitcoin.com - 3 years ago
The crypto economy has dropped significantly in value during the last few days tapping a low of $2.06 trillion on Monday. Additionally, the leading crypto asset bitcoin has seen its market dominance drop to 40% of the crypto economy’s overall v...
Bitcoin News / Bitcoin.com - 3 years ago
After the dogecoin hype invoked a new ERC20 token project called Shiba Inu, the crypto asset has been making waves throughout the crypto industry. On Wednesday, the cofounder of Ethereum, Vitalik Buterin donated $1 billion worth of Shiba Inu to India...
Bitcoin News / Bitcoin.com - 3 years ago
The leading cryptocurrency bitcoin has dropped 20% in value after Tesla announced on May 12, the electric car firm would not be accepting bitcoin for purchases. Two days later, the creator of the notorious stock-to-flow cross-asset (S2FX) price model...
Bitcoin News / Bitcoin.com - 3 years ago
In a possible policy shift, the Central Bank of Nigeria (CBN) recently allowed the local naira currency to briefly drop to a new low of USD$1 for 419.75 nairas on May 14, 2021. However, by close of business the naira had recovered and was trading aro...
Bitcoin News / Bitcoin.com - 3 years ago
Crypto derivatives exchange FTX has launched a futures contract that allows Brazilian voters and traders in jurisdictions where the platform is available to bet on the outcome of Brazil’s next presidential election. With health and financial cr...
Bitcoin News / Bitcoin.com - 3 years ago
Those who mine cryptocurrencies with power intended for domestic use will pay hefty fines, the Iranian government warned. The country is experiencing shortages due to reduced hydropower generation as authorities register a surge in electricity consum...
Bitcoin News / Bitcoin.com - 3 years ago
Amid speculation over the weekend that Tesla may have sold its bitcoins, CEO Elon Musk has clarified that the electric car company “has not sold any bitcoin.” The Technoking of Tesla got into a heated debate with the bitcoin community Sun...
Bitcoin News / Bitcoin.com - 3 years ago
In its bid to help users avoid high gas fees on Uniswap, a Kenya-based fintech firm, UTU, recently launched a liquidity pool on the decentralized exchange (dex), Pancakeswap. This launch enables prospective UTU coin buyers to acquire the token &ldquo...
Bitcoin News / Bitcoin.com - 3 years ago
Ethan Allen, a U.S.-based furniture company, has been getting strange traction in markets this year, due to an interesting coincidence. The company’s stock ticker is the same as ethereum’s ticker, something it shares with one of the hotte...
Bitcoin News / Bitcoin.com - 3 years ago
Two brothers have shared the story of how they became millionaires after investing in Shiba Inu, the cryptocurrency nicknamed “dogecoin killer,” for just under two months. Before the investment, the covid-19 pandemic almost killed their b...
Bitcoin News / Bitcoin.com - 3 years ago
A new report shows that the banking system consumes more than twice the amount of energy that bitcoin does. The authors analyzed bitcoin’s energy usage and compared it to the banking and gold industries. Banking System Consumes Much More Energy...
Bitcoin News / Bitcoin.com - 3 years ago
Bitmain, one of the largest application-specific integrated circuit (ASIC) manufacturers in the world, is reportedly working with the Taiwan Semiconductor Manufacturing Company (TSMC) in order to leverage TSMC’s 5nm semiconductors. Industry sou...
Bitcoin News / Bitcoin.com - 3 years ago
Bitcoin and a slew of digital currency markets are seeing significant losses on Sunday as a majority of coins are down between 2-15% during the last 24 hours. The entire crypto-economy has dropped more than 6% and bitcoin dominance is down to 40% the...
Bitcoin News / Bitcoin.com - 3 years ago
Elon Musk, CEO of Tesla and Spacex, has doubled down on its bet that dogecoin can become a currency able to address Tesla’s new set of environmental requirements. The entrepreneur has tweeted he is now working with Dogecoin developers to improv...
Bitcoin News / Bitcoin.com - 3 years ago
Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, has made an argument that accepting cryptocurrencies, including bitcoin, will actually help the environment. He told Elon Musk, whose electric car company Tesla has suspended...
Bitcoin News / Bitcoin.com - 3 years ago
Norwegian billionaire Kjell Inge Rokke says bitcoin becoming mainstream is inevitable. Unlike Tesla, which stopped accepting cryptocurrency, Rokke’s company is now considering accepting bitcoin as a means of payment, emphasizing that Elon Musk&...
Bitcoin News / Bitcoin.com - 3 years ago
Over the course of the last week, the concern tied to the environmental impact bitcoin mining produces continues to be a very topical discussion. On May 14, the musician and activist, Sean Ono Lennon, the son of John Lennon and Yoko Ono, said that he...
Bitcoin News / Bitcoin.com - 3 years ago
On May 15, the Bitcoin Cash upgrade was applied successfully to the blockchain, bringing a slew of features directed toward improving the overall experience of users. This particular upgrade marks the start of a new upgrade schedule that will allow d...
Bitcoin News / Bitcoin.com - 3 years ago
Cobie, the host of the Uponly podcast and a popular crypto Twitter personality, bolstered a fundraising session for John Oliver, a six-year-old kid that is currently battling leukemia. The initiative was quite successful, getting the attention of the...
Bitcoin News / Bitcoin.com - 3 years ago
Cryptocurrencies have been a cause for concern in Teheran as the digital assets have attracted capital from other, traditional markets. The parliament’s leadership has now asked the tax agency to profile the owners of Iranian platforms facilita...
