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Bitcoin News

Congress worries crypto used to fund domestic terrorism, Capitol insurrection

A U.S. Congress subcommittee is investigating if domestic extremists are turning to cryptocurrency as a source of funds for their activities. On Feb. 25, the Subcommittee on National Security, International Development, and Monetary Policy will hold a hearing titled “Dollars Against Democracy: Domestic Terrorist Financing in the Aftermath of Insurrection.” A committee memorandum ahead of […]

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Bitcoin News

Tesla made $1B profit upon its Bitcoin buy, says analyst

American electric car giant Tesla has seen some substantial gains from its Bitcoin ( BTC ) investment, reportedly having composed to $1 billion inside profit, according to a new review. An expert at Wedbush Securities, a personal investment firm in the United States, has calculated that Tesla has made “roughly $1 billion” within the aftermath […]

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Bitcoin News

The perils of a decentralized internet living in the centralized globe

On Jan. 26, the internet came to some screeching halt along much of the East Coast. Email services went down; YouTube video clips flickered out midstream; large numbers were likely affected, only when temporarily. But the outage, attributed to a surge in traffic, underscores the metastasizing vulnerabilities surrounding the way most of the globe conducts […]

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Bitcoin News

First appearance Canadian Bitcoin ETF nears $100 million in volume in first few hrs of trading

The first Bitcoin ETF in North America, TSX’s Purpose Bitcoin ETF. had a gangbusters debut today trading nearly hundred buck million in volume.   A Bloomberg Law report noted how the ETF saw over $80 million in volume in the first hour of investing, though it’s since slowed down significantly with roughly an additional $15 […]

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Bitcoin News

Study finds 5% of business CFOs plan to buy Bitcoin in 2021

A small scale study associated with financial executives has discovered that 5% of companies intend to invest in Bitcoin ( BTC ) as a corporate asset this year, with a further 11% saying they could do so by 2024. The survey conducted by Gartner comes on the back of news that Tesla spent 8% , […]

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Bitcoin News

Key Bitcoin price metric indicators show traders are positioned for $50K BTC

Bitcoin ( BTC ) price submitted a 25% gain following this week’s news of Tesla’s $1. 5 billion BTC investment came out. Prior to this particular reveal, BTC was lagging behind Ether’s ( ETH ) functionality by 7. 5% but the numerous bullish events of the past few days helped BTC to hit a new […]

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Bitcoin News

Bitcoin energy debate resurfaces along with calls for ‘green hackers’ to attack network

The exponential within Bitcoin ’s price and hash rate is driving experts to once again question the largest blockchain’s energy efficiency — with calls for “green hackers” to band together in order to mount an attack on the system. Total world manufacturing and consumption vs . Bitcoin. Source: CBECI The self styled “developer plus ecologist” […]