Bitcoin News

Just In: Bitcoin Maximalist Jack Dorsey Left Twitter Board, Here’s Why

In what could turn out to be a significant milestone of crypto Twitter in the long term, Jack Dorsey on Wednesday left the social media giant. This comes amid Elon Musk’s recent proposal for Twitter purchase. Dorsey Left Twitter Dorsey stepped down from his role as one of Twitter’s board of directors during the company’s…

Bitcoin News

Why Banning Crypto Mining Is Almost Impossible?

Jarran Mellerud, a crypto researcher and analyst, has given reasons why banning crypto mining might not be feasible, using China’s failed attempt at banning the mining operations of the largest digital currency as a case study. China’s Repeated Failure in Banning Crypto Mining In June 2021, China banned Crypto Mining, this has once again proved…

Bitcoin News

Just-In: Andreessen Horowitz Launches $4.5 Billion Crypto Fund Amid Market Crash

Silicon Valley-based venture capital firm, Andreessen Horowitz, has made public its plan to back crypto and blockchain companies with a $4.5 billion fund, as revealed by CNBC.  Andreessen Horowitz Bullish on Crypto Jointly established by Marc Andreessen and Ben Horowitz on July 6, 2009, Andreessen Horowitz majors in channeling investments into start-ups and growth firms,…

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US Senator Cruz ‘Incredibly Bullish’ on Bitcoin — Says ‘I Have a Weekly Buy’

U.S. Senator Ted Cruz says he is “incredibly bullish” on bitcoin and purchases the cryptocurrency weekly for his portfolio. Emphasizing that cryptocurrency “will change the world,” the senator said, “Uncontrolled, decentralized currency is terrifying for those who want control of currency.” Senator Ted Cruz ‘Incredibly Bullish’ on Bitcoin, Crypto Senator Ted Cruz (R-TX) discussed bitcoin…

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Billionaire Investor Bill Ackman Says Unless the Fed Aggressively Hikes Rates, Stock Market Could Crash, ‘Catalyzing an Economic Collapse’

Billionaire hedge fund manager and founder of Pershing Square Capital Management, Bill Ackman, believes “inflation is out of control.” The investor thinks that if the Federal Reserve “doesn’t do its job” by applying “aggressive monetary tightening,” the U.S. economy could collapse. Pershing Square Founder Bill Ackman Thinks ‘Inflation Is out of Control’ While the headlines…

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A New Terra Network Is Coming With Support From Major Exchanges, LUNA and UST Holders Eligible for Airdropped Tokens

According to a recent announcement from the Terra blockchain team, the community voted and passed a proposal that plans to launch a new genesis version of the Terra blockchain without an algorithmic stablecoin. The governance proposal called “Terra Ecosystem Revival Plan 2” has been amended and the final release of the new Terra Core codebase…

Bitcoin News

JPMorgan Sees ‘Significant Upside’ to Bitcoin — Replaces Real Estate With Crypto as ‘Preferred Alternative Asset’

JPMorgan sees “significant upside” to the price of bitcoin. The global investment bank’s price target for the cryptocurrency is 28% above its current price. JPMorgan has also replaced real estate with cryptocurrencies as its “preferred alternative asset class along with hedge funds.” JPMorgan’s Bitcoin Price Target Is 28% Above Current Price Global investment bank JPMorgan…

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Biggest Movers: XMR Hits 2-Week High, LRC Climbs for Fifth Straight Day

Following a bearish start to the day, XMR climbed to a two-week high during today’s trading session. Gains in monero come as LRC also saw its price move higher, rising for a fifth consecutive day, as it approaches a multi-week high of its own. Monero (XMR) Monero extended a recent bullish streak during today’s session,…

Bitcoin News

Crypto Market Turning Point — Most Cryptocurrencies Down 57% to Over 80% From Price Highs

Roughly six months ago, bitcoin and a number of digital assets reached all-time highs and the crypto economy crested above $3 trillion in value. Today is a different story as a great majority of cryptocurrencies are down between 57% to over 80% against the U.S. dollar. While Cryptos Are Down From the ATHs, 2020 Holders…

Bitcoin News

Bitcoin, Ethereum Technical Analysis: Crypto Bears Keep BTC Below $30,000

Bitcoin was lower for a second consecutive session, as bears maintained recent pressure on crypto markets. This pressure also saw ETH move lower, as it continued to trade under $2,000 during hump-day. Bitcoin The world’s largest cryptocurrency once again traded below $30,000, as bears continue to maintain a chokehold on prices. As of writing, BTC/USD…