Why is China forsaking cryptocurrencies at the same time that legacy U.S. banks, long wary of crypto, appear to be discovering its virtues?
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Category: Bitcoin
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Bitcoin accumulation accelerates among ‘whales’ and ‘fish’ with BTC rallying to $40K
“This is just on-chain sentiment, though. The big question is, how does that correlate to the price action in general?”
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Bitcoin OTC desks buzz as analyst warns big players ‘want your Bitcoin’
There’s no shortage of demand for Bitcoin at current prices, but volatility to the downside is back on Friday.
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MicroStrategy pledges to buy more BTC despite paper loss on its holdings of $424.8M in Q2
As of June 30, 2021 MicoStrategy held an approximated 105,085 BTC with a carrying value of $2.051 billion, at a total impairment loss of $689.6 million since acquisition of the digital asset.
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Bitcoin Mining Operation Reveals Plans to Convert Coal Ash Landfill Into Solar Farm
Following the announcement from Greenidge Generation Holdings that detailed the company would be promoting a carbon-neutral stance, and the firm’s recent partnership with Foundry, Greenidge revealed on Thursday it is investing profits into a renewable energy investment program. The company is in the midst of expediting the closure of a coal ash landfill in order […]Powered by WPeMatico
Bitcoin struggles at $40K after ‘most confusing’ Jerome Powell press conference
The Federal Reserve Chairman had to explain what he meant by the term “transitory” inflation as he admitted that consumer prices have gone higher than he and other central bank officials had anticipated.
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Bitcoin open interest mimics Q4 2020 as new report ‘cautiously optimistic’ on BTC rally
An allusion to the start of this year’s bullish progress comes as $40,000 refuses to go quietly as resistance.
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Bitcoin hash rate rebounds as major miners are coming back online
Restrictions in China have forced homegrown Bitcoin miners to move out to crypto-friendly nations such as Canada, Kazakhstan and the United States.
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Crypto Payment Option Makes Services More Affordable: Zimbabwe Music Studio Director
A Zimbabwean music production company, Mutscon Music, recently announced that its clients can now pay for services using cryptocurrencies like bitcoin and ethereum. According to the company, this decision has partly been necessitated by ongoing pandemic-related movement restrictions. Music Studio Accepts Crypto Mutscon Music has also chosen to accept cryptocurrencies because this form of payment […]Powered by WPeMatico
Record 57K BTC leave exchanges in one day dropping Bitcoin reserves to pre-crash levels
57,000 BTC leaves exchanges in a single day as demand returns with Bitcoin at the upper end of its multi-month trading corridor.
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