Tag: Bitcoin

Bitcoin (BTC) falls as market focuses on Celsius issue, Fed rate hike

Factors including rampant inflation and an imminent interest rate hike from the U.S. Federal Reserve, along with an issue at Celsius, are behind the sell-off.
— Read on www.cnbc.com/2022/06/13/bitcoin-btc-falls-as-market-focuses-on-celsius-issue-fed-rate-hike.html

Most of Bitcoin Pandemic Gains Came While Stocks Were Closed

(Bloomberg) — Most everyone knows that Bitcoin had a stellar two years when the pandemic broke out. But just about all of the coin’s gains since then have happened while US markets are closed. Most Read from BloombergAmazon’s Stock Split Delivers More Than Bargained ForElon Musk Says Twitter’s Lack of Info on Bots Breaches Merger DealStocks Rise as Higher Yields Keep Check on Rally: Markets WrapApple Unveils Biggest MacBook Air Redesign in Over a DecadeWhy Peak Inflation Is Near, According to E
— Read on ca.finance.yahoo.com/news/most-bitcoin-pandemic-gains-came-174704100.html

Bitcoin network hashrate hits all-time high after China crypto ban

Bitcoin mining has totally recovered from the Chinese crypto crackdown that took more than half the world’s miners offline earlier this year.
— Read on www.cnbc.com/2021/12/10/bitcoin-network-hashrate-hits-all-time-high-after-china-crypto-ban.html

Bitcoin’s Current Holders Are New, With 55% Getting in This Year

(Bloomberg) — Interest and demand in Bitcoin rose a lot in 2021 despite the digital asset’s turbulence. More than half of current investors got in over the last 12 months, according to crypto-firm Grayscale Investments LLC.Most Read from BloombergSand and Soldiers Mix as Troops Move In to Protect Cancun TouristsThe World’s Relentless Demand for Chips Turns Deadly in MalaysiaEven in the Metaverse, Not All Identities Are Created EqualAutomating the War on Noise PollutionThe Ugly, Expensive Plan t
— Read on ca.finance.yahoo.com/news/more-half-bitcoin-investors-got-130000567.html

‘Up to 1 million’ bitcoin processors could be relocated to Alberta from China under energy firm’s proposal | CBC News

Three natural gas-producing sites in southern Alberta could host “up to one million” bitcoin mining machines relocated from China under a deal proposed by Nevada-based Black Rock Petroleum Company amid Beijing’s ongoing crackdown on cryptocurrency production and trading.
— Read on www.cbc.ca/news/canada/calgary/bitcoin-mining-black-rock-petroleum-company-1.6106978

El Salvador Plans Bill to Adopt Bitcoin As Legal Tender

(Bloomberg) — El Salvador’s Nayib Bukele, Latin America’s youngest president who’s known to break from the norms, said he plans to send legislation that would make Bitcoin legal tender in the country.“In the short term, this will generate jobs and help provide financial inclusion to thousands outside the formal economy,” Bukele said in a video broadcast at the Bitcoin 2021 conference in Miami. He said he would submit the legislature a bill next week.In a series of tweets, the 39-year-old leader
— Read on ca.finance.yahoo.com/news/el-salvador-plans-bill-adopt-034739503.html