Month: January 2023

Bitcoin Price Hits Bottom At $16K? Obstacle Stalls Gains

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The Bitcoin price has seen a slow start in 2023 as the cryptocurrency remains stalled and moving sideways around its current levels. Many experts believe BTC has seen the worst of the recent bearish cycle and could be gearing up for some profits.  As of this writing, the Bitcoin price trades at $16,700 with sideways movement in the last 24 hours and the previous seven days. The low trading volume and low activity because of the holiday contributed to the current price action.  BTC price is moving sideways on the…

Santiment Paints Bullish Picture For XRP, But This May Not Be The Case

XRP price is having a shaky start to the year 2023 after a sharp drop on Monday during Asia hours. The digital asset eventually recovered but it remains shaky even now a new report from Santiment shows that there could be a bull case for the cryptocurrency. This bull case is tied to large XRP holders who have been accumulating coins over the past six months. A Bull Case For XRP The report from Santiment starts out with the revelation that large investors holding between 1 million and 10 million…

Iran Returns Seized Crypto Mining Equipment to Miners – Mining Bitcoin News

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A government body responsible for state property in Iran has released some of the hardware seized from illegal crypto mining farms. Its top executive explained the agency was obliged to do that by courts in the Islamic Republic, where unlicensed miners have been blamed for power shortages. Authorities in Iran Give Confiscated Mining Rigs Back to Their Owners Iran’s Organization for Collection and Sale of State-Owned Property (OCSSOP) has started to return to miners some of the mining devices seized in raids on underground crypto farms. It was ordered to…

US federal agencies release joint statement on crypto asset risks and safe practices

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United States federal bank regulatory agencies started off the new year with a statement on crypto assets that looked back at the troubles of the crypto sector in 2022. The Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released a joint statement Jan. 3 on past problems and their efforts to maintain sound banking practices in spite of those challenges. “It is important that risks related to the crypto-asset sector that cannot be mitigated or controlled do not migrate to the…

Cryptosat launches second ‘cryptographically-equipped’ satellite using SpaceX rocket

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The company behind a crypto-satellite module launched in May has announced an additional piece of its blockchain-related infrastructure went into Earth orbit. According to a Jan. 3 announcement, one of SpaceX’s Falcon 9 launch vehicles carried a “cryptographically-equipped” Cryptosat satellite — called Crypto2 — into orbit on Jan. 3. The addition of Crypto2 to the firm’s satellite constellation was part of efforts to make space a “new battleground in the quest for bulletproof cryptography” by expanding its computational power. “The launch of Crypto2 gives us more availability and more powerful…

Currency Expert Explains Why Altcoins Experience More Carnage Than Bitcoin And Ethereum

As the current bear market in crypto continues to deepen, Bitcoin has fallen by 78%, and Ethereum by 82%. Yet elsewhere in the crypto market, many altcoins are down by as much as 96% or more.  In a recent video, Elliott Wave International Currency & Crypto Analyst Jason Soni sheds some light on why this occurs and what this could mean for various cryptocurrencies.  Breaking Down Why Some Crypto Assets Crash More Than Others Bitcoin price has retraced by more than 78% from all-time highs set back in 2021. Ethereum,…

A Look Back at the Birth of Cryptocurrency – Bitcoin News

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14 years ago on Jan. 3, 2009, Satoshi Nakamoto launched the Bitcoin network and block zero at approximately 1:15 p.m. (ET) on a Saturday afternoon. Satoshi’s technology allows “online payments to be sent directly from one party to another without going through a financial institution.” Since Bitcoin was born it changed the financial system significantly, and it sparked an entire cryptocurrency economy worth more than $800 billion in value. The History and Significance of Bitcoin’s Genesis Block: 14 Years Later Today is the 14th anniversary of the genesis block, otherwise…