Bitcoin / 629 posts found
Crypto industry helps write, and pass, its own agenda in state capitols
Bitcoin National Bitcoin “Whether you’re Binance or Ethereum, Dogecoin or Bitcoin, this is a great bill.” Power distribution units at a Bitcoin mining site owned by Bit5ive, in Medley, Fla., northwest of Miami, March 11, 2022. In the absence of federal regulations, crypto lobbyists and executives are going state by state to get favorable rules enacted. (Rose Marie Cromwell/The New York Times) By Eric Lipton and David Yaffe-Bellany, New York Times Service April 13, 2022 TALLAHASSEE, Fla. — The debate took less than four minutes. In the Florida House last month, legislators swiftly gave final approval to a bill that […]
BlackRock’s Newest Investment Paves The Way For Digital Assets On Wall Street
Larry Fink thinks Russia-Ukraine war could accelerate the use of digital currencies © 2020 Bloomberg Finance LP Five years ago, BlackRock’s chairman Larry Fink famously called bitcoin an “index of money laundering.” In the years since, the world’s largest asset manager, tending some $10 trillion in client funds, has largely stayed away from digital assets. So when Fink wrote in his annual letter to shareholders, published in late March, that the havoc caused by Russia’s invasion of Ukraine could accelerate the adoption of digital currencies, many interpreted it as a sign that the financial behemoth is finally warming up to […]
Bitcoin (BTC) Struggles to Sustain Rebound Rally Above $40,000
Cryptocurrency Bitcoin (BTC) rebounded at a minor diagonal support level near $40,000 but could still test the primary support zone between $37,000 and $38,000. Bitcoin has been decreasing since March 28 and dropped to a local low of $39,200 on April 11. It’s possible that BTC bounced at an ascending support line (solid) that has been in place since Jan. 22. However, technical indicators are bearish. The RSI has broken down from an ascending support line and is currently below 50. The RSI is a momentum indicator and readings below 50 are a sign of bearish momentum. In addition to […]
“Bitcoin Is Freedom”: Reflections on Bitcoin 2022
Cryptocurrency Once every year—barring pandemic, that is—tens of thousands of Bitcoin enthusiasts descend upon the City of Miami to celebrate Bitcoin, the first true cryptocurrency and still the largest in the world by market cap. Crypto Briefing was on the ground at Bitcoin 2022 to experience the sheer weirdness of what it means to have undying faith in Bitcoin. Cryptocurrency A Pilgrimage in the Holy Land When Mayor Francis Suarez, a vocal Bitcoin bull and proponent of cryptocurrencies in government, unveiled the new Miami Bull statue, he said its placement would cement Miami’s place as the Bitcoin capital—and therefore the […]
Bitcoin is Never Going to Zero, Says Shark Tank’s Kevin O’Leary
The Canadian businessman and a renowned TV personality – Kevin O’Leary – predicted that bitcoin’s valuation will never go to zero. According to him, the cryptocurrency is a store of value, just like gold. As such, O’Leary has allocated 5% of his portfolio to it and 5% to the precious metal. Enough People See BTC as a Store of Value In a recent interview for Kitco News, the famed investor and host of the TV show Shark Tank – Kevin O’Leary – doubled down on his bitcoin support. He predicted that BTC “is never going to zero” because it has […]
Kraken Daily Market Report for April 10 2022
Bitcoin Bitcoin Overview Daily spot trading volume: $421.1 million, 30 day average spot: $851.5 million. Total futures notional: $105.5 million. The top five traded coins were, respectively, Tether (0%), Ethereum (+2.1%), Bitcoin (+1.2%), USDC (0%), and Dogecoin (+2.7%). Strong returns from Kyber Network (+11%), Astar (+15%), and Rare (+18%). April 10, 2022 $421.1M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD USDT $1.0003 ↑0.01% $93.0M ETH $3201.5 ↓1.8% $91.4M BTC $42160. ↓1.5% $90.3M USDC $0.9999 ↑0.0% $25.6M DOGE $0.1480 ↑2.8% $19.6M SOL $111.04 ↓1.8% $19.4M…