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“# Jack Dorsey’s Square commits $10M to green energy for Bitcoin mining ” On Tuesday, payments giant Square announced a major push to go carbon neutral by 2030. As part of the initiative, Square will be dedicating $10 million to its Bitcoin Clean Energy Investment Initiative, which aims “to support companies that help drive adoption and…
“# Bitcoin price ‘bearish alert’ as 140K BTC from Mt. Gox may move for the first time ” Bitcoin (BTC) may see a fresh “bearish signal” in the coming days as the Mt. Gox saga enters its final and possibly expensive phase. As noted by on-chain analytics resource CryptoQuant on Dec. 8, defunct exchange Mt….
“# Bitcoin price risks losing ‘critical technical level’ as stocks under pressure ” U.S. stocks have started to correct as worries surrounding the pandemic are mounting. Meanwhile, theBitcoin (BTC) price has pulled back below $18,800 on Dec. 8 after struggling to break resistance at $19,500. The daily price chart of Bitcoin (Coinbase). Source: TradingView COVID-19…
“# Bitcoin’s market cap will flip gold: Winklevoss twins ” Speaking during the Singapore Fintech Festival 2020 on Dec. 7, pioneering Bitcoin investors Cameron and Tyler Winklevoss reaffirmed previous forecasts that Bitcoin’s (BTC) price will eventually exceed prices of $500,000 per Bitcoin. The twins noted that their $500,000 prediction is predicated on the assumption that…
“# MicroStrategy will issue $400 million in securities to buy more Bitcoin ” The world’s largest publicly traded business intelligence firm, MicroStrategy has announced plans to invest the proceeds from a $400 million securities offering into Bitcoin. On Dec. 7, the firm revealed plans to issue $400 million in convertible senior notes — a debt…
“# Bulls eye the $19.5K resistance but low volume keeps Bitcoin price sideways ” As mentioned by Cointelegraph contributor Rakesh Upadhyay, Bitcoin price spent the weekend consolidating within a bull pennant and the breakout to $19,418 was quickly stamped out by overhead resistance. After retouching the pennant trendline, the price gave way, falling below the…
“# Gold bug says 2021 will be a big year for Bitcoin and Ethereum ” 2021 is shaping up to be a tremendous year not only for gold but for cryptocurrencies as well, according to Frank Holmes, CEO of U.S. Global Advisors. In a Monday interview with Kitco News, Holmes said he expects digital assets…
“# Key Bitcoin futures metrics show traders are bullish despite flat BTC price ” Apart from a brief $18,100 test on Dec. 1, Bitcoin (BTC) markets remained relatively calm over the week. This suggests that investors are beginning to realize that a more extended period of consolidation could be possible after a 77% hike since…
“# ‘Shameless’ season premiere name drops Bitcoin and other crypto ” A number of TV shows have mentioned Bitcoin (BTC) or other cryptocurrencies over the years, including Big Bang Theory in 2017 and The Simpsons in 2020. One of the latest crypto mentions occurred during the premiere of the 11th season of Shameless, in an…
“# Institutions will protect Bitcoin from government overreach: Erik Voorhees ” Institutional investors will play an important role in securing the future of cryptocurrencies like Bitcoin (BTC), according to Erik Voorhees, CEO and founder of ShapeShift.io. In a panel discussion at this year’s LaBitConf, Voorhees said Bitcoin’s adoption curve will grow substantially over the next…