Market updates

Bitcoin, Ethereum Technical Analysis: ETH Falls Below $2,000 as Crypto Bearish Pressure Intensifies 

Coins Legend May 19, 2022 0

Following several sessions of consolidation, ETH has finally caved in, dropping below the $2,000 floor in the process. As we move towards the end of the week bitcoin also fell for a second consecutive session, with prices falling below $29,000. Bitcoin Bitcoin dropped below the $29,000 level on

News

Bitcoin Argentina NGO to Take Crypto Education to Schools

Coins Legend May 19, 2022 0

Bitcoin Argentina, an NGO dedicated to the promotion and expansion of Bitcoin and cryptocurrency in the country, is going to take Bitcoin education to high schools. The project, called “Schools and Bitcoin,” will help educate high school students about the relevance of Bitcoin and the differences between this alternative system of money and the traditional […]

Market updates

Bitcoin, Ethereum Technical Analysis: BTC Below $30,000 Again as Crypto Consolidation Extends   

Coins Legend May 18, 2022 0

Bitcoin prices dropped during the hump-day session, as bulls were unable to maintain Tuesday’s gains. The world’s largest cryptocurrency once again fell below the $30,000 level, whilst ETH also moved lower. Bitcoin Following a slight rally in price during Tuesday’s session, bearish sentiment returned to markets on Wednesday. This sentiment saw BTC/USD drop to a […]

News

FTX Founder Sam Bankman-Fried Thinks Bitcoin Has No Future as a Payments Network

Coins Legend May 18, 2022 0

Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, has given his take regarding the future of Bitcoin’s usage. Bankman-Fried stated he doesn’t believe that Bitcoin will work as a payments network, due to its limited capability for scaling to fulfill this task. However, he believes it might become “an asset, a commodity, and a […]

Technology

Study: Amid Mining Bans, China Still Commands World’s Second-Largest Share of Bitcoin Hashrate

Coins Legend May 17, 2022 0

New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While China commands close to 22% of Bitcoin’s global hashrate, the United States currently dominates with 37.69%, according to CCAF researchers. China Is Still the World’s […]

Market updates

Bitcoin, Ethereum Technical Analysis: ETH Remains Above $2,000, While BTC Recaptures $30K Level

Coins Legend May 17, 2022 0

BTC moved away from Monday’s lows to surge above $30,000 on Tuesday, as crypto bulls pushed prices higher. ETH continues to trade above $2,000, with prices rising by as much as 4% during today’s trading session. Bitcoin Following a stint below $30,000 to start the week, BTC was trading above this level as bulls made […]

News

Turkish Referee Flips Bitcoin at Istanbul Derby Kick-Off, Soccer Authority Launches Probe

Coins Legend May 16, 2022 0

A soccer referee’s decision to toss a bitcoin before the start of a recent match between Istanbul giants Beşiktaş and Fenerbahçe has sparked controversy in Turkey. The country’s football authority is trying to establish why a crypto coin was used for the ritual when that role should have been reserved for the Turkish lira. Bitcoin […]

Market updates

Veteran Investor Bill Miller Remains Bullish on Bitcoin — Confirms He Has a Lot of BTC

Coins Legend May 16, 2022 0

Famed value investor and fund manager Bill Miller says he has “a lot” of bitcoin and has not sold any despite the recent crypto sell-off. He insisted that investors should put some of their liquid net worth in the cryptocurrency. Bill Miller Shares His Bitcoin Outlook Famed value investor Bill Miller is still bullish about […]

Technology

Tron DAO Reserve Acquires Millions in TRX, Bitcoin, and Tether to Safeguard USDD

Coins Legend May 15, 2022 0

Seven days ago, Bitcoin.com News reported on the Tron DAO Reserve purchasing $38 million in tron to safeguard the network’s stablecoin USDD. Since then and since the terrausd (UST) de-pegging event, the Tron DAO Reserve has continued to purchase large quantities of digital assets to bolster the project’s reserves. In addition to the tron purchases, […]

Technology

Bitcoin’s Hashrate Taps an All-Time High, Next-Gen Machine Deployment Could Push it Much Higher

Coins Legend May 4, 2022 0

Bitcoin’s hashrate has once again reached an all-time high (ATH) this year, as the network’s processing power reached 275.01 exahash per second (EH/s) on May 2, 2022. The recent ATH follows a significant difficulty jump on April 27, and bitcoin’s value lost 6.2% against the U.S. dollar over the last two weeks. Bitcoin Hashrate Taps […]