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Unusual Bitcoin MVRV Event Bodes Well for Long-Term Outlook

admin27 minutes ago05 mins

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin traded above $111,000 to record a new all-time high (ATH) in the past week, as the crypto bull run revival continues. Although the premier cryptocurrency has experienced some retracement since then, largely fueled by the US Government’s announcement of potential new…

Bitcoin harmful to environment? Opinions vary

admin49 minutes ago011 mins

The level of Bitcoin mining energy consumption is on par with that of some countries. This statement is often mentioned as one of Bitcoin’s main drawbacks, as consumption takes its toll on the environment. However, Bitcoin advocates argue that things are not that simple, and in some ways, Bitcoin is an eco-friendly technology. How come,…

Crypto investor charged with kidnapping, torturing an Italian for passwords

admin1 hour ago05 mins

A Manhattan crypto investor is facing serious charges after allegedly kidnapping and torturing an Italian man in a disturbing bid to extract access to digital assets. John Woeltz, 37, was arraigned on Saturday in Manhattan criminal court following his arrest on Friday. He stands accused of holding a 28-year-old Italian man captive for weeks inside…

Bitcoiners fire back at Aussie senator’s ‘you can’t eat Bitcoin’ remark

admin2 hours ago04 mins

Australian Senator Gerard Rennick has drawn criticism from the Bitcoin community following his remarks referring to Bitcoin as a Ponzi scheme and questioning the asset’s value because it can’t be eaten. “You can’t eat Bitcoin,” Rennick said in a May 23 X post, responding to an X user who questioned his stance after Bitcoin hit…

$1.2 Billion Volume Despite Price Drop

admin2 hours ago03 mins

The cryptocurrency market fell into the weekend, with major coins, like Cardano’s ADA, plunging by more than 7%. Bitcoin’s price fell significantly, causing major losses across the cryptocurrency market. Bullish cryptocurrency bets lost more than $500 million in the last 24 hours as traders took profits as the markets fell. ADA/USD Daily Chart, Courtesy: TradingView…

Can Bitcoin Price Sustain Its Bullish Momentum? Analyst Identifies Local Top At $113K

admin4 hours ago05 mins

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Bitcoin price performance has been outstanding over the past week, achieving a new all-time high. In the late hours of Thursday, May 22, the premier cryptocurrency reached a fresh record-high price of $111,807. While the value of BTC has witnessed a…

McDonald’s Corporation (MCD) to Close CosMc’s Locations, Bring Drink Flavors to Core Menu

admin4 hours ago04 mins

McDonald’s Corporation (NYSE:MCD) announced on Friday that it will be closing its CosMc’s chain, a beverage-focused offshoot launched just two years ago. McDonald’s Corporation (MCD) to Close CosMc’s Locations, Bring Drink Flavors to Core Menu McDonald’s Corporation (NYSE:MCD) stated that shutdowns of the standalone CosMc’s pilot locations will begin in June, along with the discontinuation…

Dogecoin Price Expected To Reach $3 By EOY As 2021 Cycle Trend Returns

admin5 hours ago5 hours ago05 mins

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Although the past 24 hours have been marked by a decline for Dogecoin, the meme coin has delivered a strong performance over the past week. The memecoin rallied from a May low of $0.16428 to a high of $0.259 on May 23,…

Crypto ETFs won’t lose ‘their luster’ as wallet adoption grows — Cathie Wood

admin5 hours ago05 mins

ARK Invest CEO Cathie Wood says crypto exchange-traded funds (ETFs) will likely maintain their place in the economy no matter how big crypto wallet adoption becomes over the next decade. “I think ETFs are an important stepping stone because, you know, wallets seem so complicated, so much friction for consumers, they just wanna push a…

Bitcoin recovers 16 million yen, downgrades US Treasury, and capital inflows accelerate “national risk aversion” | Bitbank analyst contributed

admin6 hours ago01 mins

This week's weekly report: Hasegawa, an analyst at the major domestic exchange, is illustrated by this week's cryptocurrency (virtual currency) Bitcoin chart to understand future prospects. Table of ContentsBitcoin/On-Chain DatabitbankContributionBitcoin/On-Chain DataBTCTrades Number of BTCTrades Number of BTCTrades (Monthly) Number of Active Addresses Number of Active Addresses (Monthly)BTC Mining Pool Remittance Exchanges and Other ServicesbitbankAnalyst Analysis…