Tag: Bitcoin
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Discover the Surprising Positive Correlation between Bitcoin and Micron Technology Stock: A Breakthrough Insight by Caleb Franzen
Positive Correlation between Bitcoin (BTC) and Micron Technology Stock Caleb Franzen, a senior market strategist at Cubic Analytics and a researcher of both crypto and stocks, recently shared a noteworthy chart with his Twitter followers. The chart showcases a stock listed on NASDAQ that has maintained a positive correlation with the price of Bitcoin (BTC) […]
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Jamie Dimon Clearly Isn’t a Fan of BTC
The CEO of JPMorgan Chase, probably one of the largest financial institutions in the world, Jamie Dimon, genuinely despises bitcoin. In fact, he and I just had a lengthy discussion about how little he likes it. Who is BTC’s biggest critic, Jamie Dimon? In a recent interview, he described bitcoin as a major “waste of […]
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Crypto Market Takes a Hit: Major Cryptocurrencies See Significant Losses
The market for cryptocurrencies is declining. Over the last week, the cryptocurrency market has seen a decline, with several of the top cryptocurrencies suffering significant losses. This follows a sustained phase of growth that began the year. Bitcoin Depreciates By market cap, Bitcoin is the most valuable cryptocurrency in the world. This week, it lost […]
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Taproot Adoption Is Increased By 1,000% By Bitcoin NFT Ordinals In Q1 2023
Promoting the use of Taproot on the Bitcoin network Taproot use increased from being utilized in less than 2% of all Bitcoin transactions to a peak of 9.75% on February 10, according to data from Dune Analytics. These special NFTs incorporate extra data stated in the hexadecimal format using the witness function in transactions. By […]
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Bulls Brace for Impact as Crypto Market Takes a Tumble: BTC Slumps Below $21,500 and Alts Follow Suit
Market for Cryptocurrencies Drops Once More In the last day, there has been another decline in the value of cryptocurrencies, with Bitcoin (BTC) falling to a three-week low of around $21,500. Other cryptocurrencies were also impacted by this downturn, such as the ETH liquid staking coins, which saw double-digit price declines. BTC Falls Under $22,000 […]
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Exploring Alternatives: The Rise of P2P Crypto Exchanges after LocalBitcoins Closure
LocalBitcoins shuts down after ten years of operation One of the most renowned and established Bitcoin exchanges, LocalBitcoins, announced its closing after ten years of servicing the cryptocurrency community. The closure was blamed by the peer-to-peer network to the continuing crypto winter. By linking buyers and sellers and keeping the cryptocurrency in escrow until both […]
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Revolutionizing Bitcoin Mining: US’s First Nuclear-Powered Facility Goes Live
Finishing the First Nuclear-Powered Bitcoin Mining Facility in the US The first nuclear-powered Bitcoin mining facility in the US, Talen Energy’s Cumulus data center, has been completed and will soon be ready to receive its first customers. The facility, which is directly connected to the Susquehanna nuclear station, is the product of Talen Energy’s relationship […]
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Can the Bitcoin Decoding Ordinals NFT effort compete with ETH NFTs?
The surge in transactions drove a dramatic spike in bitcoin mining earnings. According to statistics from the cryptocurrency research firm Messari, the new Ordinals NFT platform on Bitcoin [BTC] has experienced exponential growth since mid-January. The New #Ordinals NFT project on Bitcoin aims to dispel the enduring myth that straightforward financial transactions should be the […]
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Rising Inflation Sparks Debate: Will Crypto be a Safe Haven or Sink with the Market?
Strong Job Growth Raises Questions Concerns regarding a potential Federal Reserve tightening of monetary policy have been raised in light of the recent spike in employment. With rising employment, the Fed’s goal of maintaining inflation at 2% may be tested. The cryptocurrency market stabilizes in January. In January 2023, the cryptocurrency market had stability following […]
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PayPal Holds $604 Million in Cryptocurrencies on Behalf of Customers
On behalf of its clients, PayPal has $604 million in cryptocurrency. On behalf of its users, the financial behemoth PayPal held $604 million in several cryptocurrencies as of December 31, 2022, including Bitcoin ($BTC), Ethereum ($ETH), Litecoin ($LTC), and Bitcoin Cash ($BCH). Bitcoin accounts for the majority of cryptocurrency holdings. The majority of the cryptocurrency […]