Macro Pressure On U.S. Market Responsible For BTC Downtrend

Since the crash of Bitcoin in December, several crypto holders have sold their BTC. As a result of these sell-offs, the prices of digital assets have dropped tremendously.  Meanwhile, sell-offs can be assessed based on a particular region and its trading hours. Recently, macro pressure in the U.S. market has been responsible for the crypto […]

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Bitcoin Miners Continue To Dump Holdings In Large Numbers

Since the advent of BTC mining, miners have stored most of the Bitcoin they mined. Then, the cash flow was enough to handle expenses since Bitcoin’s price was high.  As miners mined Bitcoin, they saved a large portion and used the rest to finance their operations. Unfortunately, the recent market crash is forcing miners to […]

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Kenyan Energy Firm Entices BTC Miners With Geothermal Power

KenGen, an energy company in Kenya, has good news for BTC miners. The company has excess renewable energy, which it is willing to sell. Additionally, the firm stated that over 86% of its power is renewable. The report states it is mainly from a geothermal source.  Also, the company has rentable land at its power […]

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ESMA Asks For Unified Crypto Regulatory Framework

Europe’s top regulator warns that increasing inflation might push investors to the inspector. Meanwhile, the agency stresses that an imbalance exists in crypto regulation in Europe. Therefore, the regulator believes EU countries need a common crypto regulatory framework. ESMA Says Inflation Might Push Investors To Cryptocurrency  The European Securities and Markets Authority (ESMA) has shifted […]

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Survey Shows Salvadorans Still not Convinced about Bitcoin as Legal Tender

Francisco GavidiaUniversity recently conducted a survey in El Salvador, where it is based. The private institute’s Center for Citizen Studies discovered that almost half of the people of Salvador who participated in the survey still prefer to use the dollar, as opposed to Bitcoin, which has also been made legal tender in the country. NayibBukele, […]

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S&P 500 Ended its Week in a Bad Situation Making Things Ugly for Bitcoin

There was a time when Bitcoin had nothing to do with the stock exchange markets. However, in 2021, many companies launched exchange-traded funds (ETFs) for several cryptocurrencies. Among all the ETFs, it was Bitcoin that had the highest number of ETFs launched. This meant that Bitcoin had gained mainstream adoption and was being traded through […]

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Eighth Straight Week of Losses for Bitcoin but Indicators are Pointing an Upward Trend

In recent months, Bitcoin (BTC) has come under a lot of fire and pressure in a number of cases. However, the most notable ones are the ones related to regulatory compliance, global inflation hikes, and an increased rate of interest in the US. To make things worse, Bitcoin also managed to get itself on the […]

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Bitcoin Becomes One of the Official Currencies in The Central African Republic

Many countries are widely accepting cryptocurrencies in different means. After European countries, the Middle East Region has welcomed digital currencies by granting leading exchanges licenses and accepting crypto payments in various shops. Recently, the Central African Republic has taken the first step toward accepting cryptocurrency. And the act is quite bold as it has announced […]

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Following Its Launch Next Week, Australia’s First BTC ETF Might Inspire $1 Billion

The Australian Financial Analysis represents that financial regulators had already approved Australia’s 1st Bitcoin ETF to start trading on April 27 and that it could perceive approximately $1 billion in capital flows. An ETF is indeed a governed marketplace financing that helps investors to profit from bitcoin prices without directly owning any coins. Cosmos Investment Management was […]

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