Bitcoin Financial News

Traditional banking requires 2.5 times the amount of power as Bitcoin (BTC) to produce the same amount of value, and only proof-of-work (PoW) provides “a truly trustless system,” according to Brian Brooks, CEO of major blockchain technology firm Bitfury and a former Comptroller of the Currency in the US.

Following a proposal from users to stop accepting crypto donations to Wikimedia Foundation, the nonprofit confirmed that it would proceed with crypto donations.

It’s another shake-up for the finance industry as Montreal-based Bitcoin (BTC) startup Shakepay raised $35 million from investors. The fresh funding from the United States-based venture capital firm QED Investors values the company at $251 million. 

Despite a 40% drop in the value of Bitcoin (BTC), MicroStrategy’s Michael Saylor has no intention of selling his firm’s $5-billion stash.

ISTANBUL — Turkish President Recep Tayyip Erdogan is set to meet on 20 January with the leader of El Salvador, the first country to make bitcoin legal tender, while the Turkish central bank kept interest rates on hold in a move that will likely do little to arrest the country’s currency crisis.

US-based software developer MicroStrategyhas adopted its strategy to heavily invest in bitcoin (BTC) in a bid to survive in a tech market dominated by significantly bigger competitors, according to Michael Saylor, the company’s CEO. He also confirmed his holder stance, declaring that his firm was “only acquiring and holding bitcoin”.

BlockFills, a digital asset electronic market making, trading and prime brokerage, has announced the completion of a $37 million Series A funding round.

Bitcoin (BTC) demand has been in a “bear market” for a whole year, but a surge is most likely what will spark a new price run up.

It’s full steam ahead for El Salvador’s Bitcoinization. The next point on the orange agenda is in providing low-interest loans backed by Bitcoin (BTC) to small and micro-businesses.

Over the last few years, hackers have been actively stealing smaller amounts of cryptocurrency from individual users using malware available on the internet or darknet, Chainalysis reported.

Bitcoin (BTC) mining difficultly is likely to break its all-time high in less than a day, cutting into the already decreasing profit margins of BTC miners. 

The Crypto.com security breach saga gets clarity with an official statement from the Singapore-based crypto exchange following a halt on withdrawals after detecting "suspicious activities" in user accounts.

CRO, the native token of major crypto exchange Crypto.com, is moving up today, as the company published a report detailing the recent attack and the loss of almost USD 34m -- adding that it has reimbursed the affected users.

Crypto prices continued to slide on Thursday, following sluggish macroeconomic conditions, rise in oil prices and tapering cues from the Federal Reserve. Rising inflation and slump in the technology market added to the woes.Bitcoin once again slipped below the $42,000 mark but Ethereum was able to hold $3,200 levels. The trading volumes remained light during early trade as the market witnessed a sharp churn due to the changing economic environment. Barring Terra and dollar-pegged stablecoins, all other seven out of top-10 digital tokens were trading lower during the early trade on Thursday. Cardano posted double digit cuts.

Ethereum is starting to test the closely watched $3,000 price threshold as the broader drop in risk appetite in some of the more speculative areas of markets continues to weigh on some of last year’s best performing assets. The second largest cryptocurrency by market value after Bitcoin fell for a fourth day Wednesday, dropping as much as 3.7% to $3,048, according to data compiled by Bloomberg. The last time that Ether, as the native currency of the Ethereum blockchain is known, slid below $3,000 was on Jan. 10. The token surged about 400% last year, compared with a gain of 60% for Bitcoin. Ether is down about 15% in January. Other digital assets were similarly hit by investors’ weakening sentiment. As of 2:10 p.m. in London, Bitcoin was down around 0.6% lower to $42,149. Smaller digital assets known as altcoins were also affected, with Cardano’s ADA token and Solana’s SOL falling as much as 10.1% and 3.7% respectively, according to pricing data from CoinGecko.

The global cryptocurrency market capitalisation dipped by 1.89 percent over the last 24 hours to $1.97 trillion, while the trading volume over the same period tumbled by 3.75 percent to $74.65 billion.

An individual Ether (ETH) miner struck it big by mining a block on their own and receiving a reward valued at about $540,000. 

Recently, Cointelegraph spoke to Miami Mayor Francis Suarez following the announcement that Miami residents with a digital wallet can earn a Bitcoin dividend.

More than a year after a Canada-based Middle Eastern restaurant chain converted its fiat cash reserves into Bitcoin, the owner reported the move helped save the business during the pandemic.

Cryptocurrency mining has become a hot topic of conversation over the past couple of years due to its lucrative nature and the impact the industry has on the environment. 

Bitcoin‘s current price struggles are no secret to the cryptocurrency sector as the top asset continues to bleed red almost three weeks into the new year. It has lost 11% of its valuation over the past month, leading many experts to believe that the bears have settled in.