Bitcoin News Headlines

Elizabeth Warren: 'There's a real issue' with environmental impact of bitcoin - Yahoo Finance

Sen. Elizabeth Warren (D-MA) has many concerns over cryptocurrencies, including concerns over its environmental impact.
Published: Fri, 7 May 2021 4:17 pm GMT

What is the driving force behind the increase in XRP sales this quarter?

Ripple, San Francisco-based fintech firm, published its Q1 2021 market report on May 6. As expected, there were some key insights with regard to the sale of XRP amid the ongoing SEC feud. One would find it hard to believe this, considering the legal battle ongoing against America’s regulatory watchdogs, but Ripple reported a surge […] Ripple, San Francisco-based fintech firm published its Q1 2021 market report on May 6. As expected, there were some key insights with regards to the sale of XRP amidst the ongoing SEC feud. 
Published: Fri, 7 May 2021 4:00 pm GMT

The truth about Ethereum's rally you need to know, if you're an ETH investor

When the year began, Bitcoin’s dominance in terms of market cap was as high as 72%. At the time of writing, it was down to 46%. In the meantime, the world’s largest cryptocurrency has surged, and surged incredibly, with YTD returns of almost 100%. The market’s altcoins, however, have overshadowed the performance of the world’s […] What the scale of ETH's movement suggests is there is a lot of bullishness behind the altcoin's movement, bullishness the kind of which is...
Published: Fri, 7 May 2021 3:00 pm GMT

Is this the first in a series of events that takes Dogecoin's price down this road?

At $87 Billion, the total market cap of Dogecoin is now higher than 408 companies in the S&P 500. The DOGE party has continued to the $0.61 level, despite a 60% drop in trade volume across exchanges. Is this the first in a series of events that end in the DOGE party coming to a […] At $87 Billion, the total market cap of Dogecoin is now higher than 408 companies in the S&P 500. The DOGE party has continued to the $0.61
Published: Fri, 7 May 2021 2:00 pm GMT

SEC Chairman Gary Gensler says more investor protections are needed for bitcoin and crypto markets - CNBC

Gary Gensler said on CNBC's "Squawk Box" that the U.S. needs "greater investor protection" for cryptocurrency trading.
Published: Fri, 7 May 2021 1:19 pm GMT
source: www.cnbc.com

'Individuals are prohibited from using this bank account to purchase and trade Bitcoin and Litecoin'

China’s state-owned CITIC Bank recently prohibited individuals and institutions from using their bank account to purchase and trade crypto assets including Bitcoin and Litecoin. Its official announcement stated three main reasons for doing so.  The first was to protect the public’s property rights and interests, the second intended to maintain the legal currency status of RMB, […] China’s state-owned CITIC Bank recently prohibited individuals and institutions from using their bank account to purchase and trade crypto assets including Bitcoin and Litecoin. Its official announcement stated three main reasons for doing so.  The first was to protect the public’s property rights and interests, the second intended to maintain the legal currency status of RMB, […]
Published: Fri, 7 May 2021 1:00 pm GMT

Cardano's Hoskinson: My concern is rather the holders of Dogecoin; here's why

Charles Hoskinson, CEO of IOHK, has always been vocal about the trends that take over the crypto market. In his latest podcast,  he addresses the DOGE community with some clarity about what they had signed up for. Hoskinson remained quite transparent about how the recent DOGE hype did not mean much to him. With a […] Charles Hoskinson, CEO of IOHK, has always been vocal about the trends that take over the crypto market. In his latest podcast,  he addresses the DOGE community with some clarity about what they had signed up for. Hoskinson remained quite transparent about how the recent DOGE hype did not mean much to him. With a […]
Published: Fri, 7 May 2021 12:00 pm GMT

Bitcoin Holds Support; Faces Resistance Around $58K-$60K - CoinDesk - Coindesk

Bitcoin is holding short-term support and could face resistance around $58K. Buyers continue to take profit on recoveries.
Published: Fri, 7 May 2021 11:37 am GMT

Gold Rallies as Bitcoin Languishes Around $56K - CoinDesk - CoinDesk

While gold is bouncing, bitcoin is looking unaffected by a renewed drop in inflation-adjusted bond yields.
Published: Fri, 7 May 2021 11:01 am GMT

MUNCH Project reaches $1 Million milestone in charitable donations

MUNCH is a Decentralized Finance (DeFi) project which has raised over $1 million USD, in ETH, in just 14 days since its launch. This represents a huge achievement from the MUNCH community and a tremendous boost to the efforts of the GiveWell team. 100% of Fees Go To Charity and Holders The Munch project applies […] MUNCH is a Decentralized Finance (DeFi) project which has raised over $1 million USD, in ETH, in just 14 days since its launch. This represents a huge achievement from the MUNCH community and a tremendous boost to the efforts of the GiveWell team. 100% of Fees Go To Charity and Holders The Munch project applies […]
Published: Fri, 7 May 2021 10:56 am GMT

CasperLabs lists on AscendEX

AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the CasperLabs Token (CSPR) under the pair USDT/CSPR  on May 6  at 3:00 p.m. UTC. Casper is a decentralized proof-of-stake blockchain network optimized for enterprise and developer adoption. The Casper Network is the first […] AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the CasperLabs Token (CSPR) under the pair USDT/CSPR  on May 6  at 3:00 p.m. UTC. Casper is a decentralized proof-of-stake blockchain network optimized for enterprise and developer adoption. The Casper Network is the first […]
Published: Fri, 7 May 2021 10:18 am GMT

Cardano's Hoskinson: May is a big month for us

Updations, upgrades, enablements and implementations – this is how Cardano’s past few months have been looking like. They seem to be pretty much on track with respect to their roadmap. It has managed to tick a host of boxes and has made progress on the tech front. Charles Hoskinson, CEO of IOHK, in his latest […] Updations, upgrades, enablements and implementations – this is how Cardano’s past few months have been looking like. They seem to be pretty much on track with respect to their roadmap. It has managed to tick a host of boxes and has made progress on the tech front. Charles Hoskinson, CEO of IOHK, in his latest […]
Published: Fri, 7 May 2021 8:00 am GMT

XRP, Dogecoin, Cardano Price Analysis: 06 May

With Bitcoin’s market dominance falling once again and the altseason gaining steam, the likes of XRP, Dogecoin, and Cardano have all appreciated significantly on the price charts over the past week or so. XRP XRP’s recovery since falling to close to $0.20 on the back of the SEC filing a lawsuit against Ripple Labs has […] XRP's recovery since falling to close to $0.20 on the back of the SEC filing a lawsuit against Ripple Labs has been impressive, with the alt..
Published: Thu, 6 May 2021 11:00 pm GMT

Ethereum Classic Price Analysis: 6 May

Ethereum Classic is currently undergoing its largest bullish rally in 2021. Since the start of May, the asset has been up by 190% in the charts, registering a new all-time high at $118. The surge has been incredible and true to its altcoin nature, extremely volatile. However, there are signs that the price is going […] Ethereum Classic has completely taken off in the charts over the past week, tripling its valuation since the start of May. The asset...
Published: Thu, 6 May 2021 10:00 pm GMT

Bitcoin, Polkadot, Bitcoin Cash Price Analysis: 06 May

Many of the market’s altcoins like Polkadot and Bitcoin Cash, at press time, were refusing to follow Bitcoin’s lead to trade sideways and consolidate on the charts. With ETH climbing to a new ATH and the altseason well and truly in flow after BTC’s market dominance fell again, such contrarian price actions are likely to […] While the rest of the market has surged in the time being, Bitcoin, the world's largest cryptocurrency, has traded within a $10,000-channel..
Published: Thu, 6 May 2021 9:00 pm GMT

Market Wrap: 'Ethereum Killers' Pop as ING Report Highlights Ethereum Over Bitcoin - CoinDesk - CoinDesk

Ether-like altcoins are popping, ether hits a new all-time high and bitcoins correlation to gold drops to zero.
Published: Thu, 6 May 2021 8:47 pm GMT

Is this region the new 'Mecca' for Bitcoin miners?

China-based Bitcoin mining industries have long dominated the mining sector. In 2014, 90% of the global hashrate came out of China. But is there a shift in the narrative after 8 years? Chun Wang, the co-founder of one of Bitcoin’s largest mining pools, F2Pool, gave his opinion on the same. He stated: “Here at f2pool_official, in […] China-based Bitcoin mining industries have dominated the BTC mining process since the very beginning. In 2014, the respective market controlled around 90% of the global market share in hash rate contribution. 
Published: Thu, 6 May 2021 8:30 pm GMT

Ethereum, Uniswap, Ethereum Classic Price Analysis: 06 May

Bitcoin’s resistance to a stronger foray towards the $60,000-level has had a corresponding effect on the market’s altcoins historically. This time, however, it was Ethereum to the rescue, with the world’s largest altcoin’s performance allowing other alts to hike too. This was the case with Uniswap and Ethereum Classic as well. Ethereum [ETH] While the […] While the king coin was trading below $60k, ETH, at press time, was valued at just under $3,500, having hit an ATH of $3,534 less than 24...
Published: Thu, 6 May 2021 8:00 pm GMT

XRP Price Analysis: 6 May

After facing tight resistance at $1.62, and following a re-test of the support of $1.41, XRP managed to breach above the aforementioned resistance at press time. With the asset moving back above $1.60, the price movement indicated a bullish behavior but the overall market structure may indicate the contrary. At press time, XRP exhibited a […] XRP has identified another bullish surge in the charts, but the overall price structure might be indicating an eventual bearish break...
Published: Thu, 6 May 2021 7:00 pm GMT

Metromile Will Embrace Bitcoin For Insurance Premium And Claim Payments - Forbes

Auto insurance company Metromile soon will let policyholders pay premiums with cryptocurrency and even receive claim payouts in this red-hot form of digital currency.San Francisco-based Metromile, which offers pay-per-mile insurance, says that it will roll out cryptocurrency capabilities later t
Published: Thu, 6 May 2021 5:14 pm GMT