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2022-06-07 14:01:12 Peter Thiel:

I thought you guys were supposed to be bitcoin maximalists Open / Comment

2022-03-29 17:17:19 Bitcoin mining energy could be slashed by ‘99%’

Environmentalists have launched a campaign to encourage the crypto industry to change bitcoin’s underlying code in order to reduce its considerable electricity consumption.

Change the Code Note the Climate claims that switching from proof-of-work to proof-of-stake would slash bitcoin’s energy requirements by 99 per cent - but it’s not a simple switch. It would require consensus among bitcoin miners and industry figures in order to happen, which has historically been extremely difficult (just look at bitcoin cash). Open / Comment

2022-03-17 13:20:45 Bitcoin, altcoins surge in a day of price swings

Bitcoin has risen above the $41,000 mark – growing by about 4 per cent in the last 24 hours – showing signs of stabilising around the mark after a day of price swings between $41,000 and $39,000.

Ethereum has also grown by over 4 per cent in the last day and is currently priced at about $2,800.

Other leading cryptocurrencies, including solana, polkadot, and avalanche have grown between 3 to 5 per cent in the last day.

Memecoins dogecoin and shiba inu have grown by about 1 to 2 per cent during this period. Open / Comment

2022-03-09 18:03:36 Bitcoin, altcoins stabilise ahead of Biden’s crypto executive order

Bitcoin rose above the $39,000 mark – growing by over 2 per cent in the last day – with US President Joe Biden expected to sign an executive order that would outline the government’s strategy for cryptocurrencies.

The White House is also expected to direct government agencies to study the legal and economic consequences of creating a US central bank digital currency following the signing of the order.

Amid these moves expected from the US government this week, ethereum has grown by over 3 per cent in the last 24 hours, but is still down by over 10 per cent compared to its value a week earlier.

The prices of altcoins cardano and solana, as well as memecoins dogecoin and shiba inu have risen by less than 1 per cent in the last day.

The overall crypto market has slightly stabilised, growing by over 2 per cent in the last day, and valued at about $1.76 trillion. Open / Comment

2022-03-03 17:01:39 Bitcoin volume hits 2022 high

Bitcoin saw its highest trading volume of 2022 this week, according to new data from Arcane Research.

The volume pushed above $10 billion, marking the highest point since 4 December, 2021, with the cryptocurrency data firm stating: “The market seems to be waking up after a dozy February.”

Crypto market commentator Lark Davis noted the trend, suggesting it occurred “in response to the Russia-Ukraine conflict”. Open / Comment

2022-02-25 18:19:34 Bitcoin price hangs on Russia

A lot has been said already about bitcoin’s latest price crash being related to tensions between Russia and Ukraine, but Russian regulators may actually help turn the trend around.

Recent developments by finance decision makers in the country suggest rumours that Russia was ready to ban cryptocurrency last year are now long forgotten, as moves are made to officially recognise the cryptocurrency.

Here’s Will Hamilton, head of trading and research at Trovio Capital Management, with more:

Russia’s Ministry of Finance is pushing forward with its plan to regulate cryptocurrencies in the country and has introduced a bill to parliament. The announcement highlights the policy split with the Bank of Russia, which currently opposes regulation and aims to have digital asset trading and mining banned, due to threats posed to the Digital Rubel the bank is currently developing.

The legislation posed by the Ministry of Finance aims to create legal markets for digital assets, but not implement them as a widespread method of transaction. Open / Comment

2022-02-24 14:19:45 Bitcoin price sinks below $37,000

Bitcoin has dropped by over 3 per cent in the last 24 hours and is currently priced close to $36,500 amid rising tensions in Ukraine.

The leading cryptocurrency has sunk in value by over 17 per cent in the last week.

Other top cryptocurrencies including ethereum and solana have also sunk by over 3 per cent in the last day and by nearly 20 per cent in the last week.

Memecoins dogecoin and its spinoff shiba inu have also dropped in value by 2 to 4 per cent in the last 24 hours, and by about 20 per cent in the last 7 days.

The overall crypto market has dropped by about 1.5 per cent in the last day and is currently valued at $1.68 trillion. Open / Comment

2022-02-22 15:19:24 Bitcoin, altcoin prices tank

Bitcoin has dropped in value by more than 5 per cent in the last day, and its price has inched closer to the $37,000 mark.

The leading cryptocurrency has dropped in value by nearly 15 per cent in the last week amid rising tensions in the Ukraine border.

Ethereum has also tanked at a similar rate in the last 24 hours and is currently valued at around $2,600.

Other leading cryptocurrencies, including cardano and solana have also tanked by about 12 per cent in the last day, while memecoins dogecoin and shiba inu have dropped in value by 7 to 10 per cent during the period.

The overall cryptomarket is down by 6 per cent in the last day and is valued at $1.67 trillion.

The chart looks mostly red with no signs of recovery yet. Open / Comment

2022-02-21 14:16:12 Bitcoin, altcoin prices drop over the weekend

Bitcoin has dropped by about 2 per cent in the last 24 hours and is currently priced closer to $39,000 amid continued tensions at the Ukraine border.

The leading cryptocurrency has dropped in value by over 6 per cent in the last week.

Ethereum has dropped in value by over 3 per cent since early Saturday and is down by nearly 5 per cent in the last 7 days.

Other leading cryptocurrencies like cardano and avalanche are also down by 2 to 4 per cent in the last day. However, Solana has soared by over 5 per cent during this period.

Memecoins dogecoin and its spinoff shiba inu remain nearly unchanged compared to their prices 24 hours earlier.

The overall crypto market is down by over a per cent in the last day and is valued at $1.78 trillion. Open / Comment

2022-02-17 18:03:30 Bitcoin price ‘storm’ warning

Storm clouds are approaching, and it could be up to a “resilient cohort of hodlers” to see them off, according to a new report from on-chain analysis firm Glassnode.

“On-chain supply dynamics are remarkably stable, a likely indication that investors are prepared to ride out whatever storm lies ahead,” the report states.

“Overall, this speaks to the continuing maturation of the Bitcoin market, as liquidity deepens, and more comprehensive risk management instruments become available. This differs greatly in comparison to historical Bitcoin market cycles where de-risking was possible only by the sale of coins in spot markets.” Open / Comment