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The Latest Breaking News from Bitcoin

Crypto mining expends more energy than the entire country of Australia

A new report from the White House Office of Science and Technology Policy outlines the environmental toll of generating crypto assets.

Input

The Merge: a blockchain revolution or just more hype?

Ethereum’s switch to a greener system is seen by crypto enthusiasts as a long-awaited chance to prove critics wrong

Financial Times

One year on, El Salvador's Bitcoin experiment has proven a spectacular failure

A year ago, El Salvador became the first country to make Bitcoin legal tender – alongside the US dollar, which the Central American country adopted in 2001 to replace its own currency, the colón.

The Conversation

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Ethereum Blockchain Set for 'Monumental' Overhaul

An army of computer programmers scattered across the globe is set to attempt one of the biggest software upgrades the crypto sector has ever seen this week to reduce its environmentally unfriendly energy consumption. Developers have spent years working on a more energy-efficient version of the ethereum blockchain, a digital…

Asharq Al-Awsat

Canada's Conservatives pick populist in bid to oust Trudeau's Liberals

Canada's Conservatives on Saturday picked Pierre Poilievre, a veteran parliamentarian who has promoted bitcoin as way to fight inflation, to spearhead the party's bid to oust the Liberals and Prime Minister Justin Trudeau.

Reuters

Unfazed By $917M Write-Off In Q2, MicroStrategy Plans To Add More Bitcoin Using Proceeds From Proposed $500M Stock Offering

MicroStrategy, Inc. (NASDAQ: MSTR) late Friday filed a Form 8-K with the SEC regarding an agreement with Cowen & Co. for the sale of up to $500 million worth of its Class A stock.

Benzinga

Warren Buffett Now Owns Bitcoin: Here's How The Oracle Of Omaha Got Exposure

This article was originally published on May 14, 2022.

Benzinga

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Bitcoin, Ethereum, Dogecoin Surge Higher Into The Weekend: What's Happening?

Bitcoin (CRYPTO: BTC) was leading the crypto sector higher during Friday’s 24-hour trading session, skyrocketing about 10% higher. The bullish price action overnight on Thursday predicted a big move north for the general markets on Friday, which saw the S&P 500 rally about 1.7%.

Benzinga

Shaking Up The Stablecoin Scene

With the initial phases of the Merge underway, Ethereum (CRYPTO: ETH) has outperformed Bitcoin (CRYPTO: BTC) and the broader markets over the past week. That includes the S&P 500 and Nasdaq.

Benzinga

Why Zscaler Is Trading Higher By Around 19%, Here Are 44 Stocks Moving In Friday's Mid-Day Session

Gainers Digital Media Solutions, Inc. (NYSE: DMS) shares jumped 70% to $2.1750 after the company received a non-binding go-private proposal from Prism Data for $2.50 per share in cash.

Benzinga

Coinbase Stock Surges In Tandem With Bitcoin, Ethereum: Here's What To Watch

Coinbase Global Inc. (NASDAQ: COIN) gapped up 7% to start Friday’s trading session following a massive crypto rally, which began at 11:00 p.m. Thursday evening.

Benzinga

1 Bitcoin Mining Stock You Need to Sell Now

The cryptocurrency market is expected to become highly regulated in the near term. Amid the massive sell-off in the crypto market on concerns over a potential recession, crypto mining stock Marathon Digital (MARA) has slumped close to 60% this year. Considering the company’s weak fundamentals and the crypto market’s downtrend,…

StockNews.com

The Ethereum merge could kick off a transformation in crypto's battered reputation

Cryptocurrencies might still be a very long way from their highs of 2021, but some of the major ones have staged some decent recoveries in the past couple of months. Notably ether (ETH), the second largest cryptocurrency after bitcoin, is trading at almost US$1,700 (£1,463) at the time of writing,…

The Conversation

When bitcoin plunges, Buttcoin cheers: the online community praying for the end of crypto

A Reddit subforum for people who are horrified by the proliferation of crypto scams and pyramid schemes pokes fun at cryptocurrency

The Guardian - US

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Benzinga

Bitcoin, Ethereum, Dogecoin Flat As Central Banks Stay Hawkish: Why This Trader Says Be Careful About ETH Bounce

Ethereum’s gains were higher than Bitcoin’s, even as the two coins remained largely flat on Thursday evening, with the global cryptocurrency market cap rising 0.7% to $983.3 billion at 8:20 p.m. EDT.

Benzinga

Bitcoin, Ethereum, Dogecoin Spike Amid Risk Rally: Why A Red September Could Present 'Great Buying Opportunity' For Investors

Bitcoin and Ethereum rose Wednesday evening as the global cryptocurrency market cap increased 2.95% to $974.2 billion at 8.11 p.m. EDT.

StockNews.com

Tech Stocks Are Due For Another Sell-Off -- 3 To Avoid

Given a relatively tight labor market, another jumbo interest rate hike in September is very likely. The tech industry has been under pressure and might witness continued sell-off amid the rising interest rate environment. Therefore, fundamentally-weak tech stocks Snowflake (SNOW), Riot (RIOT), and American Virtual Cloud (AVCT) might be best…

Benzinga

Binance Coin, Ethereum Classic, Shiba Inu Stage Strong Rebounds: What's Happening?

Binance Coin (CRYPTO: BNB) was rebounding almost 3% during Wednesday’s 24-hour trading session, more in tandem with the S&P 500 than Bitcoin (CRYPTO: BTC).

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Benzinga

Nasdaq Futures Edge Higher Ahead Of Fed Speakers

Pre-open movers U.S. stock futures traded slightly higher in early pre-market trade after closing lower on Tuesday. The Dow Jones dropped around 173 points, while the Nasdaq Composite declined around 86 points in the previous session. Data released Tuesday showed the ISM services index climbed to 56.9 in August from…

Benzinga

Bitcoin, Ethereum, Dogecoin Crash On Rising Treasury Yields — Analyst Says Apex Coin Could Fall Below $17,600 If This Happens

Major coins dropped sharply Tuesday evening as the global cryptocurrency market cap declined 4.2% to $948 billion at 8:30 p.m. EDT.

Bangkok Post

Traders wary as Bitcoin no longer king of the swingers

Bitcoin's been called a lot of things. Buzzy, beguiling, baffling, even bogus. But never boring.

Benzinga

Bitcoin Takes The Lead, Drags Ethereum, Dogecoin Lower: What Happened?

Bitcoin (CRYPTO: BTC) began a sharp decline at 1 p.m. Tuesday and Dogecoin (CRYPTO: DOGE) followed suit.

Reuters

Lawyer of alleged crypto launderer urges Russia to discuss prisoner swap - letter

The lawyer of a Russian man accused of laundering more than $4 billion through the digital currency bitcoin urged Moscow on Monday to begin negotiations with the United States to include his client in a potential prisoner swap.

The Conversation

Ethereum: second biggest cryptocurrency to cut energy use by over 99%, but the industry still has a long way to go

Cryptocurrencies use an eye-watering amount of energy. Ethereum, the world’s second-largest cryptocurrency, uses an estimated 78 terawatt hours of electricity each year, comparable to the power consumption of Chile.

The Conversation

The most important cryptocurrency event in years is about to begin – and the biggest windfall goes to the planet

Amid the continuous noise about cryptocurrencies, it’s often hard to pick out what really matters. However this month, if all goes to plan, the energy-hungry digital sector will undergo its biggest shake-up in years.

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