Breakneck speed of crypto adoption could result in whiplash, warns wallet exec
Crypto adoption is booming in 2021, but how long can the celebrity-fuelled hype train last? Go to Source Powered by WPeMatico
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Elon Musk impersonators make bank as crypto scammers’ profits surge
Scammers are impersonating Elon Musk and other prominent crypto figures to dupe naive investors out of their coins at an accelerated rate. Go to Source Powered by WPeMatico
Ark Invest: Bitcoin Mining Net Positive to Environment, Concerns of BTC’s Energy Consumption Are Misguided
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 investment firm emphasized that “the impact of bitcoin mining could become a net positive to the environment.” Bitcoin Mining Could Help the Environment … Read more
Myspace Tom Anderson is ‘Buying The Dip,’ Posts Laser Eyes Meme on Twitter
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, “Buying The Dip.” Myspace Tom Tweets in Support of Bitcoin Tech entrepreneur and Myspace cofounder Tom Anderson took to … Read more
Is Bitcoin nearing another Black Thursday crash? Here’s what BTC derivatives suggest
Traders are afraid another Black Thursday crash is on the cards, but derivatives data proves the current correction has no resemblance to the March 2020 pullback. Go to Source Powered by WPeMatico
Buy or hodl, says investor Raoul Pal as Bitcoin price chart hints at ‘falling wedge’
Investment strategist Raoul Pal suggested traders should probably buy the Bitcoin dip as price crashes to two-month lows. Go to Source Powered by WPeMatico
All hail the Shiba? Rise of Dogecoin pretenders fueled by meme frenzy
Shiba Inu joins in at the top of the dog meme coin phenomenon as Musk announces developer support for Dogecoin. Go to Source Powered by WPeMatico
Yay or nay? New petition demands Elon Musk sells all his Bitcoin
The “Dogefather” has gone too far for some hodlers, and should allow a “better custodian” to own them instead, says the petition’s creator. Go to Source Powered by WPeMatico
Elon Musk tweets BTC price bottom? 5 things to watch in Bitcoin this week
It’s all about Elon as Twitter provides the backdrop to an ongoing battle between hodlers and the “Dogefather.” Go to Source Powered by WPeMatico
Banking system consumes two times more energy than Bitcoin: research
According to Galaxy’s estimates, the annual energy usage of Bitcoin stands at 114 TWh, while the banking industry consumes over 260 TWh each year. Go to Source Powered by WPeMatico