Bitcoin – Cryptonixs

Bitcoin Still Struggling To Take Off In El Salvador

El Salvador has become a hotbed for bitcoin adoption in recent months. As a result, it may come as a surprise that Bitcoin has failed to gain traction in the country, according to a recent survey. Despite this, several businesses are optimistic that BTC will gain traction in the long run. El Salvador became the […]

Altcoins sell-off as Bitcoin price drops to its ‘macro level support’ at $38K

The cryptocurrency market and wider global financial markets fell under pressure on April 26 after the hype surrounding Elon Musk’s purchase of Twitter began to fade and concerns about the state of the global economy took the forefront again. Tech-related stocks were some of the hardest-hit assets on April 26 and this pullback was followed by […]

U.S. Charges 2 Europeans Over North Korean Crypto Conspiracy

Two individuals are charged in a federal indictment declassified Tuesday in the Southern District of New York with colluding to contravene US sanctions against North Korea by illegally providing crypto and blockchain technology services to the communist country in collaboration with US citizen Virgil Griffith. Alejandro Cao de Benos of Spain, who created a pro-Pyongyang […]

Fidelity to reportedly allow 401(k) retirement savings accounts to invest in Bitcoin

The United States-based retirement plan provider Fidelity Investments will reportedly allow 401(k) retirement saving account holders to directly invest in Bitcoin (BTC). The new Bitcoin retirement investment plan would go live later this year. It will allow over 23,000 companies associated with Fidelity to administrate their retirement accounts to offer Bitcoin investment options to the customers, […]

What This Means For Crypto

Elon Musk will acquire popular social media platform Twitter for $43.4 billion. The Tesla and SpaceX CEO has long used the platform to promote crypto assets like Dogecoin and Bitcoin, post memes, and get himself in trouble with the SEC. Musk aims to launch “new features,” “increase trust” by making “algorithms open source,” defeat spam […]

Sustainable energy usage for BTC mining grows nearly 60% in a year

Bitcoin (BTC) mining companies are further adopting green energy as the global Bitcoin mining industry increased its sustainable energy mix by approximately 59% year over year. The Bitcoin Mining Council (BMC) is group of 44 Bitcoin mining companies claiming to represent 50% of the global Bitcoin network, or 100.9 exahash (EH). It released a new […]

EU Tightens Noose Around Bitcoin Price To Protect Ethereum, Internal Documents Reveal

Bitcoin is the first mover, and for that reason alone, it will always be the king of cryptocurrencies. Every desperate attempt to kill the most sought-after crypto asset or claims of it being dead only seems to have made the crypto stronger and more resilient than ever. Every successful trader holds BTC. A beginner in […]

‘Something sure feels like it’s about to break’ — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week in an uncertain place facing uncertain times — is $40,000 now resistance? The largest cryptocurrency has just closed a fourth red weekly candle in a row, something that has not happened since June 2020. As cold feet over the macro market outlook continues to be the norm, there seems […]

Crypto Corner: The Sports Slice

The NBA is trying to take sports NFTs to the next level, but this past week’s attempt certainly fell short. Meanwhile, a Dutch football club faces insider trading allegations, a UFC fighter is not pleased with the league’s latest NFTs, and one WNBA team is becoming the first in the league to release their own […]

BTC, DOT, XMR, APE, CAKE

Bitcoin (BTC) and several altcoins are trading in a tight range during the weekend, suggesting that investors are undecided about the next directional move. Traders may be waiting for Wall Street to open before placing large directional bets because Bitcoin has been tightly correlated with the S&P 500 in the past few days. The sharp […]