Bitcoin

Iran sends bitcoin miners a powerful message

The energy produced by three of Iran’s major power plants will be offered to bitcoin mining operations exclusively, the Islamic republic’s Thermal Power Plant Holding Company (TPPH) has announced, according to a Tehran Times report. Iranian power plants enjoy various fuel-related government benefits and subsidies,…

Rocket scientist: ‘Bitcoin is 1,000X better than gold’

The crypto market may be taking a beating alongside traditional investments, but the bloodbath, which has seen many assets lose all their recent gains, has done little to dampen confidence in bitcoin’s price potential. One of Bloomberg’s top analysts, Mike McGlone, who recently said he…

Growing institutional appetite for crypto: report

Institutional investors plan to focus more on crypto assets over the next five years, according to a new report from cryptocurrency insurance company Evertas. Evertas surveyed investors that oversee some $78.4 billion worth of collective assets, and 64% of respondents reported that they expect a…

Bitcoin’s ascent will be slow & steady: Bloomberg

Megabulls such as PlanB are predicting parabolic short- to medium-term price moves for bitcoin, but Bloomberg analyst Mike McGlone believes the leading digital asset’s ascent to $100,000 will be a slow, steady and almost inexorable grind. The senior commodity strategist at the financial news service…

Bitcoin ready to take run at $100K: PlanB

PlanB, the creator of the (so far) uncannily accurate stock-to-flow (S2F) price model, says bitcoin is about to take a run at his $100,000 price target. In a tweet on Monday, the quant analyst pointed to growing indications that BTC/USD is revving its engine. Referring…

‘DeFi will outperform bitcoin in next five years’

DeFi is more likely to grow 100X over the next five years than bitcoin, according to Dan Morehead, CEO and founder at investment firm Pantera Capital. In a recent YouTube interview with Cointelegraph, Morehead said Pantera’s altcoin funds performed poorly in 2019, but the situation…

Hong Kong bitcoiners take on the banks

Proponents of bitcoin in Hong Kong are openly challenging the established financial order by running an advertising campaign to persuade the territory’s residents to swap their bank accounts for hardware wallets. The Bank of China HK, HSBC and Standard Chartered HK now have prominent bitcoin…

Struggling bitcoin’s hashrate soars

If it’s true that bitcoin’s price follows its hashrate, as Max Keiser and many other analysts contend, the leading crypto, which has decreased in value by $2,000 in the past few days, might not be in the doldrums for much longer. The network’s hashrate has…

Crypto crash: Time to panic or buy the dip?

Most cryptos have been bouncing up and down lately, with bitcoin falling below the psychologically significant $10,000 mark on Friday for the first time since late July before being pulled to safety by optimistic investors buying the dip. Crypto traders were rattled by a sell-off…

Bitcoin is set to become digital gold: Bloomberg

If bitcoin continues on its current price trajectory, it will become a “digital version of gold,” according to one of Bloomberg Intelligence’s top analysts. “The primary attributes that underpin the price of gold and bitcoin – limited supply, store of value, diversifier and quasi-currency –…

Bitcoin is right on track: PlanB

PlanB, the creator of the stock-to-flow (S2F) BTC price prediction model that sees the leading crypto skyrocketing to $288,000 by 2024, has reminded investors in a tweet that “patience is a virtue.” The influential analyst said, “Reminder: we are still early, only 4 months after…

Naughty website embraces bitcoin

A leading pornography website is now accepting bitcoin and Litecoin as payment for its premium services. In a press release, Pornhub’s vice president Corey Price said: “As a leader in adult content with over 130 million visitors per day, Pornhub is excited to now offer…

Japanese crypto traders focusing on bitcoin: data

Most Japanese crypto traders who have entered the market in the last year may be investing exclusively in bitcoin. According to data published on August 19 by the Japan Virtual and Crypto Assets Exchange Association (JVCEA), bitcoin’s dominance in the Japanese market reached more than…

Bitcoin to soar as Buffett exits USD: Max Keiser

The US dollar is becoming so enfeebled by excess printing that even billionaire investor Warren Buffett is jumping ship. But this debasement of the world’s reserve currency is good news for bitcoin holders, according to analyst and TV presenter Max Keiser, because it will push…

The altcoins are really starting to pop

Have you ever made popcorn? Not that rubbish you zap in the microwave – the proper stovetop kind. Nothing happens for a while, but after the thin layer of oil at the bottom of the pot starts to sizzle and smoke, and the bright yellow…

Japan seizes exchange hack crypto

The Tokyo District Court ordered the seizure of $46,000 worth of bitcoin related to a hack of the Coincheck exchange in 2018, Cointelegrah reported, citing local outlet Kyodo. It was the first time Japan’s authorities have seized cryptocurrency. Police said the bitcoin was held by…

Bitcoin should continue to climb: top analyst

The price of bitcoin should continue rising in the coming months and years unless “something unexpected” happens, according to a senior Bloomberg analyst. In a tweet summarizing the Bloomberg Intelligence Commodity Primer, Mike McGlone said, “Something unexpected needs to happen for #Bitcoin‘s price to stop…

Ex-Prudential CEO: Buy bitcoin ‘before fuse is lit’

A Wall Street Star of the 1970s and ’80s has joined the growing number of traditional finance industry players to advocate buying bitcoin and expects the price to explode in the near future. George Ball, the former chief executive of Prudential Securities, was a vocal…

As bitcoin meets resistance, hash rate soars

Bitcoin is still struggling to break through strong resistance at $12,000, but the good news is that its hash rate has hit a new all-time high. Historically, the crypto’s price has followed its hash rate, which is an estimate of the amount of computing power…

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