Bitcoin Drops Below $8K For First Time This Month, Here’s Why

Bitcoin has declined below the psychological level of $8,000 for the first time since October 25. Interestingly, the trading volume on Bitcoin futures exchange Bakkt is increasing, which suggests that institutional investors are happy to enter the market at lower prices. Bitcoin Continues the Bearish Mood Earlier on Thursday, Bitcoin dropped to $7,982, according to […]

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Bitcoin is Speculation and Not Future of Money, Ex-ECB Chief Says

Jean-Claude Trichet, former president of the European Central Bank (ECB), said that he was strongly against Bitcoin and hinted that cryptocurrency purchases are no more than speculation, South China Morning Post reported on Sunday. Bitcoin is Not Real Speaking at the Caixin’s 10th annual conference in Beijing, Trichet said he was doubtful that Bitcoin and […]

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Big Bitcoin Bulls Don’t Want BTC to Dip Below $9000

It’s Halloween today. It’s also the day when anonymous cypherpunk, Satoshi Nakamoto presented the idea of Bitcoin to the world, 11 years ago. The whitepaper released since then has become a model for censorship-resistant finance. Probably, that’s the reason why strong-headed BTC bulls don’t want the digital asset’s price to ‘dip’. Not at least today. […]

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Russian Bitcoin Miner Wants To Control 20 Percent of Global BTC Mining

Bitcoin mining will breathe new life in a closed Russian aluminum plant which lost access to American customers following the introduction of U.S. sanctions in April 2018. Russian Mining Company’s (RMC) Dmitry Marichinev wants to ramp up BTC mining across Russia. For this, he has sought ground in the Nadvoitsky Aluminum Plant (NAZ) in Karelia. […]

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