Crypto Market Crashed. They Are Still Buying Bitcoin.

“If you tell them the risks someone is taking and they’re otherwise healthy, you could be accused of breaking the bank or trolling,” said Michael Saylor, CEO of MicroStrategy, a software company. created a large Bitcoin reserve. “It’s kind of hard to explain theoretically before it happened. But now it’s happened.” In 2020, Mr. Saylor […]

Bitcoin drops below $20,000 as crypto sales accelerate

LONDON (AP) — Bitcoin price dropped below $20,000 for the first time since the end of 2020 on Saturday, a new sign that selling in cryptocurrencies is deepening. According to CoinDesk, Bitcoin, the most popular cryptocurrency, has fallen below the psychologically important threshold, dropping as much as 9% below $19,000. The last time Bitcoin was […]

Bitcoin Drops Below $20,000 For The First Time Since November 2020

Excitement peaked when Coinbase, a cryptocurrency exchange, went public in April last year with a valuation of $85 billion. exit party for the industry. Bitcoin exceeded $ 60,000 for the first time. Last summer, El Salvador announced that it would become the first country to classify Bitcoin as a legal tender alongside the US dollar. […]

Bitcoin Drops 18% to its Lowest Price Since 2020

this cryptocurrency The market melted again on Monday as the Bitcoin price fell to its lowest point since 2020, erasing years of investment. According to CoinMarketCap, an industry price tracker, Bitcoin has dropped 18 percent in the last 24 hours to nearly $23,000, its lowest value since December 2020. Ether, the second most valuable cryptocurrency, […]

Bitcoin drops as major crypto lender Celsius Network stalls

NEW YORK – The price of bitcoin and other cryptocurrencies collapsed on Monday after a major cryptocurrency lender effectively failed and halted all withdrawals from its platform due to “extreme market conditions”. The latest high-profile collapse of one leg of the cryptocurrency industry. These meltdowns wiped out tens of billions of dollars in investor assets […]

How Anonymous Is Bitcoin Really?

In legend, cryptocurrency is egalitarian, decentralized, and anonymous. The reality is very different, scientists have found. Source link

Bitcoin is rolling, one stablecoin falls in crypto in wild week

NEW YORK (AP) – It’s been a crazy week in crypto, even by crypto standards. Bitcoin tumbled, stablecoins were anything but stable, and one of the crypto industry’s most high-profile companies lost a third of its market cap. Here’s a look at some of the key developments in cryptocurrencies this week: bitcoin Bitcoin price dropped […]

Bitcoin Is Increasingly Behaving Like Another Tech Stock

Unlike the idealists who fueled the initial enthusiasm for Bitcoin in the 2010s, these professional traders see cryptocurrency as part of a broader portfolio of high-risk, high-reward technology investments. Some are under pressure to deliver short-term returns for customers and less ideologically committed to Bitcoin’s long-term potential. And as they lose faith in the tech […]

Download: How Artificial Intelligence exploits disaster and Bitcoin

This is today’s editiondownload,Our weekday newsletter that provides a daily dose of what’s going on in the tech world. How the AI ​​industry profits from disaster It was supposed to be a temporary side job – a way to make some extra money. Oskarina Fuentes Anaya signed up for Appen, an AI data labeling platform, […]

How Bitcoin mining devastated this New York town

Crypto mining can put local economies under pressure, says economist Matteo Benetton, one of the paper’s authors and a professor at the University of California’s Hass School of Business in Berkeley. In locations with fixed electricity supplies, operations absorb grid capacity and potentially lead to shortages of supply, rationing and power outages. Mining, even in […]