Bitcoin – Page 49

CoinCorner Sets Up Shop In El Salvador, Offers Bitcoin And Lightning Services –

Huge move by the CoinCorner team. They waited until the Bitcoin Amsterdam Conference to announce their biggest expansion yet. The company opened up shop in El Salvador AKA Bitcoin country. Considering the level of bitcoinization that CoinCorner has accomplished in the Isle Of Man, this might be one of those stories that turn out to be really important down the line. The company comes wielding its headlining product, The Bolt Card, a contactless Lightning card. ¡Hola y bienvenido, El Salvador!...

Kevin O’Leary Says ‘No Choice With Crypto’ After Hot Inflation Data

After the crypto market saw yet another macro setback, shark tank fame Kevin O’Leary spoke on the industry’s future. The popular investor has recently changed his opinion on the scope of cryptocurrencies after being a skeptic of the emerging assets. In fact, he revealed interesting facts about his investments in cryptocurrencies earlier this year. About one-fifth of Kevin O’Leary’s investment holdings are in crypto. A majority of his crypto investments constitute crypto tokens, currencies, and companies. At the time,...

$BTC: U.S. Inflation for September Worse Than Expected, Pain for Stocks and Crypto

On Thursday (October 13), U.S. Bureau of Labor Statistics released the Consumer Price Index (CPI) Summary, revealing that U.S. inflation went up more in September than was expected, which means we cannot expect the Fed to pivot from its hawkish stance any time soon. According to the press...

U.S. Inflation Is Sticky at 8.2%. What’s Next for Bitcoin?

Key Takeaways

U.S. inflation declined from 8.3% to 8.2% on a yearly basis in September. Although the Consumer Price Index fell by 10 basis points, the decline was less than economists' expectations. As inflation is still high and the economy is in crisis mode, the Fed is likely to continue hiking interest rates, which suggests crypto will continue to suffer.

Share this article

Inflation has now cooled for three consecutive months.

U.S. Inflation Hits 8.2%

U.S. inflation keeps falling—but it’s still running hotter...

Indicators Signal Key Upside Break –

Litecoin is facing a major resistance near the $55.00 zone against the US Dollar. LTC price is now trading below $53.50 and the 55 simple moving average (4-hours). There is a key declining channel forming with resistance near $53.20 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a steady upward move if it clears the $53.50 and $55.00 levels. Litecoin price is struggling below $5 against the US Dollar, similar to bitcoin. LTC price could...

Solana: How buyers can leverage SOL’s volatility to remain profitable

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Solana approached its four-month support range. Can it invoke a near-term rally? The altcoin’s funding rates on Binance turn negative. The long/short ratio revealed a slight bearish edge over the last day. Solana’s [SOL] immediate baseline in the $30-zone managed to reignite some buying pressure for the last three weeks. As the alt approached this support, the bulls would look to capitalize...

Bitcoin ($BTC) Price Could Top $1 Million by 2030, Says Ark Invest Analyst

Yassine Elmandjra, an analyst at Ark Investment Management, has defended the firm’s prediction that the price of the flagship cryptocurrency Bitcoin ($BTC) will top $1 million in the future. During an interview with Bloomberg, Elmandjra defended a price prediction made by the fund manager of Ark’s flagship innovation-themed...

Elizabeth Warren Demands Data on Texas Crypto Mining

Key Takeaways

Elizabeth Warren and other Democrats have demanded information about the impact of mining Bitcoin and other cryptocurrencies on the state's power grid. A letter from Warren demands information on carbon emissions, subsidies, and electrical grid stability. The letter is addressed to the Electric Reliability Council of Texas (ERCOT), which operates the state's electrical grid.

Share this article

Senator Elizabeth Warren has demanded details on the energy consumption of crypto mining companies in Texas.

Democrats Demand Data

Democrats are demanding mining crypto data.A letter from...

Treasury Sued by Coin Center Over Tornado Cash Ban

Key Takeaways

Crypto advocacy group Coin Center has filed suit against the Treasury Department over its unilateral imposition of sanctions on Tornado Cash. The implications of the case are far-reaching; as things stand, the Treasury could theoretically sanction any software it sees fit. This arguably poses an existential threat to virtually every protocol in the industry.

Share this article

Coin Center has filed suit against the U.S. Treasury Department’s Office of Foreign Assets Control over its decision to sanction Tornado Cash.

Coin Center Sues OFAC

The...

Four Potential Catalysts for the Next Crypto Bull Run

Key Takeaways

The cryptocurrency market is currently caught in a slump amid global macroeconomic pressures. Growing fintech adoption could attract the next wave of crypto users, potentially helping prices surge. Bitcoin could rally if the Federal Reserve changes its hawkish stance or people lose faith in central banks altogether.

Share this article

Crypto Briefing looks at four potential events that could revive interest in digital assets.

A Fed Pivot Reducing Pressure on Crypto

One of the most widely discussed catalysts that could give...