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 […]

Optimism for US Spot Bitcoin ETF Grows With Approval of Teucrium Futures Fund

“The SEC is now not only comfortable with futures-based ETFs regulated under the 40 Act and all the investment protections there, but also futures-based ETFs regulated under the 34 and the 33 Act, the same act that these spot-based ETFs will be regulated under,” said Craig Salm, chief legal officer for Grayscale Investments, which is […]

ParaFi Invests in Kyber Network as Buzz Grows Around DeFi Projects

ParaFi Capital, a San Francisco-based investment firm focused on blockchain and decentralized finance, has invested in Kyber Network ahead of its planned Katalyst upgrade. Announced Friday, the two entities have also formed a new partnership that will see them work to prepare for the launch of KyberDAO with the intention of increasing adoption of Kyber’s […]

Bitcoin to Breakout in Coming 7 Days as Strength Grows; Claims Analyst

Bitcoin has once again extended the bout of lackluster price action that it has been seeing over the past week The cryptocurrency’s mid-term trend is growing increasingly unclear as it struggles to surmount the heavy resistance that lies directly above its current price action It’s a strong possibility that this resistance will prove to be […]

Mexico’s Blockchain Sector Grows 90% in 2 Years Despite COVID-19

Mexico’s blockchain and financial technology, or fintech, industries have nearly doubled in size over just two years, according to data provided to Cointelegraph by blockchain-focused law firm, Legal Paradox. The firm estimates that Mexico’s fintech and blockchain sector has grown by 90% since 2018, describing the country as establishing a “benchmark” for the industry worldwide. […]

Bitcoin Price Caught Between Key Support Levels as Bearish Sentiment Grows

Bitcoin (BTC) price had a relatively muted day as the digital asset traded between $8,700-$8,885.  Currently, the price remains below the ascending channel trendline and the daily candle closed as a neutral doji, showing bulls and bears are in contention on the direction Bitcoin will take over the short-term.  Crypto market weekly price chart. Source: […]

Demand for Bitcoin Grows After Halving

Data published today from Cointelegraph Markets and Arcane Research found that despite investor concerns over the block reward halving disincentivizing miners and possibly compromising the security of the network, demand for Bitcoin continues to rise globally. Proof of increasing adoption is supported by the total number of functioning Bitcoin ATMs rising to 8,000, a more […]

Risk of Dramatic Ether Sell-Off Grows With Longs at Record Highs

With anticipation growing for Ethereum’s long-awaited ETH 2.0 revamp, Ether long positions have gone parabolic on Bitfinex since February. But with short positions also growing, and co-founder Vitalik Buterin withdrawing last week’s confident prediction of a July launch, the bullishness has also increased the risk of a violent sell-off. Ether long positions go parabolic Long […]

Ethereum Unlikely to Mirror BTC’s Upside as Risk of Capitulation Grows

Ethereum has entered a consolidation phase alongside Bitcoin and many other major altcoins This has led it to hover within the lower-$200 region, marking a massive retrace from its recent highs of over $230 Analysts are now growing increasingly bearish on ETH, with one prominent trader noting that he anticipates it to severely underperform Bitcoin […]

Bitcoin May Be Poised to Push to $11,000 as Bullish Confluence Grows

Bitcoin has entered what appears to be a consolidation phase as its bulls and bears reach an impasse This has led the benchmark crypto to trade sideways within the upper-$8,000 region for an extended period of time Analysts are noting that there are some bullish factors that seem to suggest the recent rally is far […]