Monthly Archives: May 2022

How Bitcoin Will Help Solve the Climate Crisis

The Bitcoin network is more efficient compared to our current financial system, so any concerns about its energy use are completely unfounded. Watch The Whiteboard Video Here In this article, we are going to dive into Bitcoin’s impact on the environment. Since the rise of Bitcoin, the media has relentlessly attacked it based on its energy consumption. A popular argument comes from The Guardian, “A single bitcoin transaction uses the same amount of power that the average American household consumes in a month.” Columbia University writes, “One […]

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2022 Bitcoin Obituaries List Outpaces First 3 Years, Schiff Says Its ‘Highly Likely Bitcoin Will Crash Below $10K’

While bitcoin’s price has dropped to levels not seen since January 2022, a number of detractors think bitcoin is on its death bed. Data stemming from the Bitcoin Obituaries list shows the leading crypto has died seven times in 2022, outpacing the first three years of obituaries by year written by bitcoin haters. The last obituary written about bitcoin, opined by the financial journalist, John Plender, claims the leading crypto asset follows the “greater fools” scenario. Bitcoin Obituaries List in 2022 Surpasses First 3 Years of So-Called […]

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MicroStrategy Goes Underwater In Latest Bitcoin Crash

Michael Saylor’s company faced unrealized losses for the first time on Monday as bitcoin dipped below its average purchase price. The largest corporate bitcoin holder is on the red. Bitcoin dipped to $30,330 on Monday. MicroStrategy paid an average of $30,700 for each bitcoin it holds. The largest corporate holder of bitcoin, MicroStrategy, was at a loss as bitcoin dipped below its average purchase price of $30,700 on Monday. The bitcoin price hasn’t had a good performance in the past few weeks, dropping as much as 20% […]

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Bitcoin retests key $30K support zone as data highlights BTC whale accumulation

Fear dominates the crypto market as BTC price trades near $30,000, but data suggests whales and momentum traders could be interested in accumulating in this zone. Sentiment across the cryptocurrency market plunged even deeper on May 9 as an escalation in the ongoing sell-off intensified with bears pushing Bitcoin (BTC) to $30,334, its lowest price since July 2021.  Crypto Fear & Greed Index. Source: Alternative.me Multiple factors like rising interest rates, the end of easy money policies by the Federal Reserve, declining stock prices and concerns related […]

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El Salvador Buys The Wild Bitcoin Dip With 500 BTC Purchase

President Nayib Bukele announced the purchase of another 500 BTC leaving the total reserves of El Salvador at 1,620 BTC valued at $50 million. El Salvador bought the dip with a purchase of 500 BTC. The BTC purchase bolsters the already stacked reserves of El Salvador with a total of 1,620 BTC currently valued just shy of $50 million at time of writing. President Bukele has a proven track record of dip-buying bitcoin during flash crashes. El Salvador just bought the wild Bitcoin dip today with a […]

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42.5K BTC reportedly moved from Luna Foundation Guard wallet as UST peg crumbles

The Bitcoin price plunged below $31,000 on Monday, marking a new low for the year. Altcoins also sold off sharply. Roughly $1.4 billion worth of Bitcoin (BTC) was reportedly moved from a wallet tied to Luna Foundation Guard (LFG) on Monday, raising questions about its ultimate destination on a day that has seen Bitcoin’s price tumble more than 11%.  Data from blockchain explorer Blockchair revealed Monday that 42,530.82827771 BTC was spent from the LFG wallet, though its destination was unknown. It has been speculated that the funds […]

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Royal Museum of Fine Arts Antwerp tokenizes million-euro classic masterpiece

Tokeny claims the tokens are complaint with both the Ethereum and Polygon blockchains. According to blockchain digitization provider Tokeny, on Monday, the Royal Museum of Fine Arts Antwerp (KMSKA) has become the first European museum to tokenize investment in fine art, starting with Belgian painter James Ensor (1860 – 1949)’s painting Carnaval de Binche. Investors can obtain fractional ownership of the work starting from 150 euros. The venture is a joint effort between KMSKA, Tokeny and blockchain art entity Rubey, with the tokens themselves being ERC-3643 compliant […]

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Pro traders adopt a hands-off approach as Bitcoin price explores new lows

Charts suggest BTC price will dip below $30,000, and derivatives data shows options traders becoming increasingly worried. Bitcoin’s (BTC) current 20% drop over the past four days has put the price at its lowest level in nine months and while these movements might seem extraordinary, quite a number of large listed companies and commodities faced a similar correction. For example, natural gas futures corrected 15.5% in four days and nickel futures traded down 8% on May 9. Other casualties of the correction include multiple $10 billion and […]

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As LUNA’s Price Drops Over 33% in 24 Hours, Stablecoin UST Slips Below $1 Parity to $0.93

As bitcoin dropped to fresh new lows on Monday, the price of terra (LUNA) slid by 33.3% during the last 24 hours. Moreover, the project’s stablecoin terrausd (UST) has lost stability, dropping to $0.932008 per token. Additionally, the Luna Foundation Guard’s bitcoin wallet and ethereum Gnosis safe address has been emptied. LUNA Price Puts Intense Pressure on Terra’s Stablecoin UST During the past 24 hours, more than $830 million has been liquidated from the crypto economy, and the price of bitcoin (BTC) sunk to lows not seen […]

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Bitcoin Stories For The 100% From Paxful

A collection of different ways Bitcoin is having an impact on people’s lives across the globe. Bitcoin is for the millions, not the millionaires. At Paxful, we’re on a mission to show that Bitcoin has the power to open up the global economy to countless unbanked people around the globe — providing an accessible and sustainable alternative to traditional finance and a chance for financial liberation. Speculation may have popularized bitcoin but use cases like remittance, payments, and wealth preservation will drive global bitcoin adoption. We’re already […]

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