Bitcoin Financial News

07.11 / 16:27

UPS CEO Bitcoin Could Paraguay’s Bitcoin mining foray prove detrimental to its energy needs

Apart from starting a revolution to decentralize monetary institutions, Bitcoin is also infamous for another thing. It is often touted as a ‘dirty’ investment due to its propensity for high electrical consumption. Earlier in May, the erstwhile cryptocurrency mining capitals in China were completely shut down by the government due to environmental concerns. This has had miners scrambling to look for friendlier locations to set up shop, often employing creative means to achieve their ESG goals.

07.11 / 16:25

Gold Jefferies Bitcoin Jeffries’ Chris Wood raises Bitcoin allocation at cost of gold

Christopher Wood, Global Head of Equity Strategy at Jefferies, has added another five percentage point allocation to Bitcoin in addition to the existing five percentage allocation initiated in December 2020. Wood has done this by reducing the weightage in gold by five percentage points.

07.11 / 15:19

Blockchain litecoin Decentraland Bitcoin altseason ATH play An altseason incoming or will another Bitcoin ATH come into play

Bitcoin is the king coin. As is often the case, its subjects (altcoins) are usually dependent on its own decisions (price movements).

07.11 / 14:15

Blockchain Lightning Network Consensus Bitcoin Bitcoin soft fork days away as Taproot upgrade closes in

Real-world use cases are one of the main adoption drivers for every crypto ecosystem, which also holds true for the Bitcoin (BTC) network. In the next seven days, the Bitcoin protocol will undergo a soft fork in the name of Taproot upgrade, which aims to improve the network’s privacy, efficiency and smart contracts capability.

07.11 / 13:19

Lowe's Zcash ZEC Bitcoin Bitcoin Cash, BAT, Zcash Price Analysis: 07 November

Over the past day, the altcoins flashed mixed trading signals. Many altcoins continued to project monthly bullish price trajectories, but the near-term technical indicators hinted a preference for the bears.

07.11 / 12:27

Blockchain Ethereum JPMorgan Bitcoin analysts Here’s why JP Morgan analysts recommend Ethereum over Bitcoin

The rivalry between the top two cryptocurrencies, Bitcoin and Ether, has been messy and long drawn out. And this has presented an omnipresent dilemma for potential investors.

07.11 / 09:37

Congress Bitcoin Option Brazilian federal deputy proposes crypto payment option for workers

Federal Deputy Luizão Goulart, a Brazilian congressman, proposed a bill to legalize crypto payments as a mode of payment for public and private sector workers.

07.11 / 06:39

cryptocurrency Strategy Bitcoin bitcoin rises Cryptocurrency Prices Today: Bitcoin rises 0.83% at above Rs 49 lakh on November 7

The global cryptocurrency market is in the green today on November 7. The market-cap is at $2.74 trillion, a 1.34 percent increase over the last day. The total crypto market volume over the last 24 hours was $97.76 billion - a decrease of 13.23 percent.

07.11 / 05:27

ETH BTC Target Bitcoin Sweden’s FSA calls for ‘energy-intensive mining’ of crypto-assets to be ‘prohibited’

The age-old concerns regarding Bitcoin‘s environmental implications have continued to irk communities and governments across the world. In the latest pushback against Bitcoin mining, the Swedish Financial Supervisory Authority has requested the European Union to enact a blanket ban on cryptocurrency mining which uses the “energy-intensive” proof of work system.

06.11 / 21:35

UPS BTC Lowe's Bitcoin Returns Bitcoin: dealing with this right now, will determine the scope of long-term returns

After an hourly candle burst on 3 November at 18:00 UTC, Bitcoin is yet again testing the waters near $60,000. At press time, BTC dropped down to as low as $60,050, with fundamental structure looking weak in the short term.

06.11 / 17:19

Ethereum ETH Platform Bitcoin Ethereum, Polkadot, Tron Price Analysis: 6 November

The overall crypto market was in the red as the market dominators, Bitcoin and Ethereum, witnessed a slight pullback over the past day. Ether continued to project long-term bullish readings but gave mixed near-term signals.

06.11 / 15:19

BTC Digital WBTC Bitcoin Does this impact Bitcoin’s intrinsic value and should retail investors be concerned

As one of the best-performing assets in the world, Bitcoin brings in a lot of attention for its investors. Its transparent model doesn’t help as every single transaction is recorded on a public ledger. Hence, it is easier to determine the whale addresses, holding an enormous amount of the digital assets.

06.11 / 13:35

Blockchain Digital Platform Bitcoin reports Q3 CoinShares reports stellar Q3 on the back of larger crypto market strength

CoinShares Group announced the third-quarter interim results for 2021. And for the first time, the company claimed to have achieved such a strong Q3.

06.11 / 12:03

business cryptocurrency World Bitcoin Indian Jefferies Group’s Christopher Wood bullish on Indian equities, Bitcoin: Report

Christopher Wood, the global head of equity strategy at Jefferies Group, has reiterated his “bullish” view on Indian equities even as other global research and brokerage houses downgraded them citing “rich valuations”, Business Standard reported.

06.11 / 10:37

cryptocurrency cryptocurrency investment Bitcoin Research, Market Hours, Patience: How To Determine Whether Crypto Investment Is Useful

Even the smartest investor cannot wish away the risks associated with this new-age industry.

06.11 / 08:47

business white house Bitcoin House passes $1T infrastructure bill with crypto tax for Biden's approval

The United States House of Representatives passed the $1.2 trillion bipartisan infrastructure bill, which if signed into law by President Joe Biden, would enforce new provisions in relation to crypto-tax reporting for all citizens.

06.11 / 06:51

cryptocurrency Citi Bitcoin Bitcoin Down Cryptocurrency Prices Today: Bitcoin down 0.77% at Rs 48 lakh on November 6

Cryptocurrencies traded in the mixed early today on November 06. The global cryptocurrency market cap is $2.71 trillion, a 0.39 percent decrease over the last day, according to CoinMarketCap. Further, the total crypto market volume over the last 24 hours is $112.74 billion, which makes a 11.61 percent decrease.

06.11 / 04:03

Ethereum cryptocurrency Bitcoin Crypto Websites Some Chinese Crypto Websites ‘Still Operational,’ Says State Media

Some Chinese sites are “still selling” crypto, raising funds in tokens like bitcoin (BTC) and ethereum (ETH), and circulating crypto-related news stories from within the Mainland, a report has claimed, citing evidence from government-aligned agencies.

06.11 / 01:19

Blockchain COST Bitcoin Laos expects crypto mining to deliver these gains

One relatively more affordable place to mine Bitcoin in Asia (excluding China) is Laos, thanks to its hydroelectric potential and electricity prices. What’s more, the landlocked country with a population of 7,416,475 seems to be realizing this too.

06.11 / 00:23

markets Bitcoin Bitcoin Price analysts consolidation Bitcoin’s consolidation is ‘normal’ — Analysts set $80K BTC price target

Bitcoin (BTC) bulls are still hoping for a major breakout but at the moment, bears are applying pressure and keeping the digital asset pinned below $61,000.

06.11 / 00:23

Government Blockchain Stablecoin Bitcoin Acting CoC Hsu: More crypto regulation is needed

In remarks given at the American Fintech Council’s 2021 Policy Summit, acting Comptroller of the Currency Michael J Hsu called for greater regulation of universal crypto firms.

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