Tuesday, May 21, 2024

Tag: Bitcoin

Crypto analyst filbfilb on Twitter uses tops and bottoms to form a "Bitcoin price curve" to assess whether Bitcoin will reach $1 million in the next cycle.
As the use of bitcoin grows, more and more locations are vying to attract bitcoin businesses and individuals. One such place is Lugano, Switzerland, which has adopted bitcoin as a de facto legal tender and offers a wide range of merchants that accept the cryptocurrency. You can now live in this Swiss city solely on bitcoin.
The EU's Markets in Crypto-Asset Rule (MiCA) regulation of the European Commission is one of the many attacks against bitcoin.
In order to continue operating, Core Scientific had to liquidate 9,618 BTC in April as a direct consequence of a protracted bear market. Now, the giant Bitcoin miner Core Scientific has filed for bankruptcy.
The collapse of FTX has put Grayscale, the world’s largest Bitcoin trust, in meltdown, with it refusing to disclose its proof of reserves to clients.
IRS Criminal Investigations has seized $3.4 billion in bitcoin stolen from the Silk Road by a man named Zhong, who appears to have discovered a weakness in that dark-web market that in 2012 allowed him to somehow pull more coins out of accounts he made there than he had placed.
Many people believe that the government will shut down Bitcoin, but the chances of the government being able to ban it are low.
The military, today, is not considered an important element of society by the public. Why should it? It represents bloodshed and fights that seem pointless and have caused society a lot of pain. Similarly, studying Bitcoin as a property defense system is a misunderstood part of this asset and one that is biased by our own beliefs. How are they connected? Because both use brute force and physical power to defend property.
Russia is now one step closer to using Bitcoin, a cryptocurrency, in international trade as Central Bank and the Finance Ministry agree on the draft bill. The two regulators have reached an agreement on a draft law declaring that, given the current economic climate, adopting bitcoin and other cryptocurrencies is essential for international trade.
According to a report by Axios Denver, Gov. Jared Polis announced that Colorado will become the first US state to accept Bitcoin as a method for paying taxes.