Tag: Bitcoin

As the value of bitcoin soars and concerns rise about the energy-intensive process needed to obtain it, cryptocurrency entrepreneurs in the United States believe they have found a solution in flared natural gas. Profitably creating, or mining, bitcoin and other cryptocurrencies requires masses of computers dedicated to solving deliberately complicated equations — an endeavor that…

US-based major crypto investment firm Pantera Capital CEO Dan Morehead claims that the price of bitcoin (BTC) still might double this year despite the energy concerns. BTC has been stuck in a trading range for a while now, and Morehead told Bloomberg TV that he thinks it will break out. In their earlier letter to…

Some Tesla investors, along with environmentalists, have been increasingly critical about the way bitcoin is “mined” using vast amounts of electricity generated with fossil fuels. Musk said on Wednesday he backed that concern, especially the use of “coal, which has the worst emissions of any fuel.” So how dirty is the virtual currency? Power hungry…

The influence of Elon Mask’s tweets on cryptocurrency, why mining Bitcoin is dangerous for the environment and what is happening with DOGE Bitcoin was pinned near its lowest in more than two months on Friday and headed for its worst week since February, while dogecoin leapt by a fifth as tweets from Tesla boss Elon…

3IQ’s rapidly-growing Bitcoin Fund turns its sights to the Middle East. 3IQ Corp, the company behind a $1.45 billion Bitcoin Fund listed on the Toronto Stock Exchange (TSX), is gearing up to list it on Nasdaq Dubai, local outlet The National reported today. “We’re aiming for listing in the second or third week of May…

Bitcoin price gained pace above USD 59,000, but it failed to extend its move to USD 60,000. BTC started a downside correction and traded below USD 58,500. It is currently (12:20 PM UTC) holding the USD 57,500 support and it still might rise again to test USD 60,000 in the near term. Besides, most major…