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“# Bitcoin flash crashes by $2K in 5 minutes, liquidating $600M in longs ” Bitcoin (BTC) fell over $2,000 in five minutes on March 31 as a wave of volatility disrupted an otherwise calm market. BTC/USD 1-minute candle chart (Bitstamp). Source: Tradingview BTC sees sudden volatility Cointelegraph Markets Pro and Tradingview showed a nightmare for long…
“# Nic Carter takes aim at claims Bitcoin is an environmental disaster ” Coin Metrics co-founder Nic Carter has produced a well-researched rebuttal to some of the key claims suggesting power-hungry Bitcoin mining is causing an environmental disaster. In an in-depth article called Noahbjectivity on Bitcoin mining penned on March 30, the Castle Island Ventures…
“# One BTC will be worth a Lambo by 2022, and a Bugatti by 2023: Kraken CEO ” Appearing on Bloomberg, Kraken CEO Jesse Powell explained why he believes dollar-based long-term price predictions for Bitcoin are flawed, emphasizing the inflationary nature of fiat currencies. Responding to a question asking Powell for end of year price…
“# The blacklist: Marathon only mining ‘fully compliant’ Bitcoin transactions ” Major U.S.-based mining firm Marathon Digital Holdings has announced the launch of what it describes as the first North American Bitcoin mining pool that is “fully compliant with U.S. regulations.” According to a March 30 announcement, the pool adheres to U.S. anti-money laundering guidelines…
“# Bitcoin futures premium hits 30% but analyst says ‘This time it’s different’ ” March 30 could become a historical day that will be remembered by Bitcoin (BTC) fans for a long time. Besides marking a 17% recovery from the $50,300 bottom on March 25, PayPal officially confirmed that it will support crypto payments for…
“# Bitcoin is outshining gold in the battle of the safe havens ” As the Bitcoin (BTC) price edges closer to $59,000, its value relative to gold is approaching new all-time highs, possibly hinting at the emergence of a new preferred store of value. Measured against gold, Bitcoin’s price reached 34.94 ounces on Tuesday. The…
“# Oops! A 100% Bitcoin hodl outperformed CNBC’s 2017 altcoin basket by 170% ” Bitcoin (BTC) has produced phenomenal returns most years, but when it comes to maximizing them, it’s best just to buy and hodl. That was the conclusion from new data circulating on social media this week, which casts serious doubt on the…
“# Bitcoin nears all-time highs — Here’s why $73K is the next key level to watch ” The price of Bitcoin (BTC) saw a correction in the run-up to the record options expiry last Friday. However, nothing happened despite some expecting a massive move on the same day. The actual correction occurred before the event….
“# CME Group set to launch Micro Bitcoin futures ” The Chicago Mercantile Exchange, or CME, has unveiled plans to launch a new Bitcoin (BTC) derivatives product that will enable traders to speculate on fractional units of the flagship digital currency. CME Group’s Micro Bitcoin futures contract, which is set to launch May 3 pending…
“#PayPal launches cryptocurrency checkouts for online shopping” PayPal rolled out a new feature Tuesday allowing shoppers to make purchases with cryptocurrency at millions of online stores. The digital payments giant’s “Checkout with Crypto” service is the latest move by a major corporation to expand the use of digital currencies like bitcoin. PayPal already allows users…