Bitcoin Financial News

Dogecoin fell beneath an area of demand, but just as it appeared poised for further losses, the price bounced from a level of support that was last tested in April of the previous year. At the time of writing, despite the nearly 35% gains that Dogecoin registered in the past week alone, the downtrend remained unbroken. At the time of writing, Bitcoin was above an area of demand at $40k. A move higher for Bitcoin could help Dogecoin.

Block Inc, formerly known as Square, will begin mining Bitcoin with its mining system based on custom silicon and open source for individuals and businesses worldwide.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Bitcoin Cash has not looked particularly strong in the past two months. Since November, the price has been in a bearish trend and had some support at the $416 level. That level was decisively lost earlier this month, which signaled buyer exhaustion. This drop could see Bitcoin Cash register more losses in the coming days, as the next significant level of support was much further south. Sometimes, Bitcoin Cash could see some strength from buyers in the event that Bitcoin sees a strong move upward. However, that has not yet materialized.

A hearing on crypto mining scheduled to take place in the US House of Representatives Committee on Energy & Commerce this week is already raising alarms in the crypto industry as a pre-published memo revealed what some called “basic errors” in lawmakers’ understanding of the field.

Kim Kardashian and Floyd Mayweather are being sued over allegations they misled investors when promoting a little-known cryptocurrency called EthereumMax to their millions of social media followers.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Bitcoin for purchases, according to BitPay Inc., one of the biggest crypto payments processors in the world. Last year, Bitcoin’s use at merchants that use BitPay dropped to about 65% of processed payments, down from 92% in 2020, the company told Bloomberg. Ether purchases accounted for 15% of the total, stablecoins were 13% and new coins added to BitPay in 2021 — Dogecoin, Shiba Inu and Litecoin — accounted for 3%. The alternative coins’ use surged partly as more businesses have begun using stablecoins for cross-border payments. Consumers also tend to move to stablecoins — whose value is supposed to stay steady — when crypto prices drop, and they’ve been falling since early November. Coins like Doge also made a splash last year, thanks to fans like Tesla Inc. Chief Executive Elon Musk, who on Friday said the token can be used to buy the company’s merchandise.

Considering that Bitcoin (BTC) is a blockchain network that uses a proof-of-work (PoW) consensus mechanism, miners are a highly significant part of the market dynamics of the network and the community itself. On Jan. 5, it was revealed that Kazakhstan shut down its internet services due to unprecedented political unrest sparked by rising fuel prices in the country.

LONDON — The U.K. government says it will bring cryptocurrency ads under tighter scrutiny and crack down on «misleading» claims that may cause investors to lose money.

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El Salvador, the first country to make Bitcoin (BTC) a legal tender has onboarded 4 million users for its government-backed BTC wallet Chivo in partnership with digital identity provider Netki, according to an announcement.

Gemini, the $7.1 billion crypto exchange, is getting into wealth management with the acquisition of a digital asset platform for financial advisors, CNBC has learned exclusively.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

In this week’s episode of “The Market Report,” Cointelegraph’s resident experts showcase where to find some of the best stablecoin yields in decentralized finance, or DeFi.

Buying the dip has now become a ritual as soon as Bitcoin’s price crashes, and there’s a lot banking on bringing home the king coin when it’s at its lowest point. Looking at the coin crashes in December and January, an investor might be wondering if the trend is still on. Data from a Santiment report sheds light on what might really be going on.

A Bitcoin Spot ETF in the USA has been on many wishlists for a while now, but Christmas 2021 did not deliver, leaving potential investors disappointed.

The ease with which cryptocurrency ATMs allow users to buy and exchange digital assets has been one of the driving forces behind the surge in their adoption over the past year. It reportedly saw the installation of around20,000 additional ATMs worldwide, and the trend is expected to continue growing, according to recent research.

Britain is to crack down on "misleading" advertisements for crypto assets which could harm consumers, the UK Treasury announced on Monday.

Crypto assets or the cryptocurrencies are not new terms for the masses nowadays. However, one common mistake often made by investors is calling a crypto coin a crypto token or vice-versa. At a fundamental level, both crypto coins and tokens are alike but they are two different things — all coins are tokens, but not all tokens are considered coins. Interestingly, a lot of users do not know even if they are buying crypto tokens or crypto coins. At the basic level, the key difference between the two is merely based on their utility.

Kazakhstan may no longer be the bitcoin sanctuary it once was, according to some big miners who are looking to leave the global crypto hub following internet shutdowns last week that compounded fears about tightening regulation. The government web shutdowns during an explosion of unrest in the country, the world's second-largest centre for mining, caused bitcoin's global computing power to drop around 13% as data centres used to produce the cryptocurrency were knocked offline. Alan Dorjiyev of the National Association of Blockchain and Data Center Industry in Kazakhstan, which represents 80% of legal mining companies in the country, said most crypto producers were now back online.