Bitcoin Mining – What You Need to Know About It

Crypto energy consumption: Bitcoin took the world by storm. Some experts warned against trading it, touting it as fraudulent. But as time went by, the cryptocurrency remained strong, surprising everyone. These days a lot of people are trading Bitcoin and investing in it, in hopes of making a profit. There are still some skeptics, but more people are on board with the idea than before. Bitcoin is like having gold with which you can trade. Even though the price keeps fluctuating, it has base value and can be trusted. In this…

Charlie Lee Talks Bithumb Hack, Bitcoin Price, and Lightning Network

Charlie Lee on CNBC: Charlie Lee, founder of Litecoin (LTC), chatted with CNBC about the recent Bithumb hack, Bitcoin price, and the Lightning Network. Charlie Lee on CNBC: Bithumb Hack The South Korean crypto exchange Bithumb was hacked earlier this week, with a total of USD $30 million in crypto being stolen. It was enough to shift the exchange from its sixth-place ranking for daily trading volume down to seventh. Along with the loss of crypto from the exchange, many cryptocurrencies’ prices plummeted from the resulting panic, including Bitcoin (BTC).…

Bitcoin Cash Price Watch – BCH/USD Back On Bullish Run, Looking To Break $900

Bitcoin Cash Price Watch: Bitcoin Cash (BCH) returns to bull run. Key Highlights: Bitcoin Cash price bounced back from its decline this past weekend, now looking to break $900 once again. BCH/USD is back on a bullish run after establishing support at around $860. The $910 price level is considered a major resistance point. Bitcoin Cash Price Watch: BCH/USD Looking To Overtake $900 On Wednesday, Bitcoin Cash price continued to recover from its decline this past weekend, reaching a high of $909 before pulling back below $900. BCH/USD is now…

Bitcoin Price Watch – BTC/USD On Bullish Run, Testing Resistance At $6,800

Bitcoin price watch: Bitcoin continued its bullish run on Wednesday morning, moving firmly past the $6,700 level and testing a major resistance at $6,800. Bitcoin has been on an upward trajectory recently, having recovered by more than 5% since the beginning of last week. Yesterday, the cryptocurrency received a further boost as Goldman Sachs CEO Lloyd Blankfein commented on the future of Bitcoin with an optimistic tone. During a talk at The Economic Club of New York, Blankfein, who has been relatively more upbeat about Bitcoin than some of his…

Bittrex Taking Bitcoin Cash Offline – Why?

It’s Monday, and the crypto market is sporting both a red and green look. Meanwhile, the crypto community is preparing itself for a busy week ahead. There’s a lot scheduled, but the event taking precedence is Bittrex taking Bitcoin Cash offline. While some are planning for the temporary removal, others are expressing concerns over it. At the end of the day, however, there’s not a great deal to worry about. Bittrex Taking Bitcoin Cash Offline With its dominance and size, it’s not hard to understand why Bittrex is considered to…

Bitcoin Price Watch – BTC/USD Moves Up Slightly, Approaching $7,000

Bitcoin price watch: Bitcoin price stayed above $6,500 on Monday and moved slightly up, reaching a high of $6,850 earlier this morning, its highest level since last Tuesday. The cryptocurrency managed to stay steady for the past week, trading mostly in the $6,400-$6,600 price range. Bitcoin also received a boost following news that users of the ‘Cash’ mobile payments app could trade the digital currency in New York. Cash is owned by Square, which was granted a virtual currency license by New York’s Department of Financial Service on Monday. The app currently…

Crypto Price Manipulation: Are Bitcoin and Ethereum Playing You Dirty?

There has been a criminal probe into the possibility of crypto price manipulation by the traders of Bitcoin and Ethereum opened up by the United States. It has been reported that the Department of Justice is looking into activity surrounding these two cryptocurrencies. Commodity Futures Trading Commission and other federal prosecutors will look into the evidence to see if any traders in these two markets have manipulated prices through spoofing or wash trading. Crypto Price Manipulation? As with anything that can be traded, cryptocurrency prices depend on many factors. One…

Walmart Creating a Bitcoin-Powered Electrical Grid

Walmart Creating a Bitcoin-Powered Electrical Grid – In many ways, blockchain technology is going to provide the world with a lot of good. However, the technology does have a couple of downsides. While there is an increasing concern over the energy consumption of blockchain, companies around the world are trying to reduce this problem’s severity.  The latest company to venture into solving this issue is retail behemoth Walmart. Walmart Creating a Bitcoin-Powered Electrical Grid  On Thursday, word broke that Walmart had won a patent for the development of a Bitcoin-powered electrical…

County in Montana Delays Decision to Suspend Bitcoin Mining Operations

After a wave of Bitcoin mining operations set up in areas with affordable electricity, places like Montana’s Missoula County needed to make a decision over the impact these operations have on the region. Earlier this month, it was reported that Bitcoin’s (BTC) energy footprint had nearly doubled in six months and was expected to grow. According to the study, Bitcoin could be using up approximately 0.5% of the world’s energy by the end of the year, almost the same amount used by the Netherlands. Needless to say, most people might not…

Bitcoin Price Watch – BTC/USD Shows Signs of Reversal, Back Above $6,500

Bitcoin price bounced backed slightly on Friday morning amid a market-wide crypto recovery, settling above the $6,500 price level. A reversal is likely the result of a decision handed down yesterday by the Securities and Exchange Commission (SEC), which ruled that Ethereum is not a security. The price of Ethereum also shot up by 10% in response to the SEC decision. Previously, investors had been put off by reports in May that regulators were debating whether Ethereum, the world’s second-largest cryptocurrency by market capitalization, could be considered an equity. Even…