Bitcoin as a global standard would be an ‘absolute economic catastrophe’ – Ernst & Young’s global blockchain leader

(Kitco News) If Bitcoin becomes a global monetary standard, it would be an “absolute economic catastrophe,” said Paul Brody, global blockchain leader at Ernst & Young. The world’s largest cryptocurrency is, by default, considered a deflationary asset in the digital space. What this means in the world of cryptocurrencies is that … Read more

Serious Alert Issued About Bitcoin and Crypto Exchange Binance and Its Ethereum Rival BNB After SEC Bomb Hits its Price

BitcoinBTC and Binance’s ethereum rival BNBBNB has skyrocketed on the crypto charts since its launch in 2017. Subscribe Now to Forbes Cryptocurrency and Blockchain Consultant and successfully navigate the volatile bitcoin and cryptocurrency market The price of BNB has gone up 300 times, giving it a market capitalization of over $18 billion. The massive rally … Read more

Bitcoin miners face reduced profitability amid cryptocurrency crash

Bitcoin gold crash getty As bitcoin enters a new bear market, the mining industry is feeling the pain. Specifically, miners are seeing their profit margins shrink as the price of Bitcoin drops and Bitcoin mining difficulty continues to increase. Bitcoin’s mining revenue potential, defined as its hash price, is down about 68% from its 2021 … Read more

Bitcoin may not attract more strength from a weak dollar

London, UK – 04 15 2021: Bitcoin coins cryptocurrency on US dollar bills background. getty The US Dollar Index (DXY), which tracks the value of the Dollar against major currencies, is under pressure this week and could continue to lose ground in the short term. While dollar reversals are historically bullish for bitcoin, things could … Read more

Bitcoin rebounds after stablecoin collapse sends cryptocurrency markets into a tailspin | business news

If you know of local business openings or closings, let us know. on here. · · · Rene and Grisellies Benique opened Coffee Ezekiel 47 at 10 S. Fifth Ave., off Fifth and Penn Avenues in West Reading. · Alter Ego Salon and Day Spa in Emmaus is holding a grand opening on Sunday, May … Read more

Coinbase CEO Issues Stunning Crypto Forecast as Bitcoin and Ethereum Price Sudden Soar

Bitcoin BTC and ethereum, the two biggest cryptocurrencies by a considerable margin, have hundreds of millions of users worldwide after a massive price explosion in recent years. Subscribe Now to Forbes Cryptocurrency and Blockchain Consultant and successfully navigate the volatile bitcoin and cryptocurrency market The price of bitcoin rose to nearly $70,000 per bitcoin late … Read more

Marathon Digital Holdings Announces Bitcoin Production and

LAS VEGAS, May 4, 2022 (GLOBE NEWSWIRE) — Marathon Digital Holdings, Inc. (NASDAQ:MARA) (“Marathon” or “Company”)One of North America’s largest Bitcoin self-mining companies, today published unaudited bitcoin (“BTC”) miners production and installation updates for April 2022. Historical and potential hash rate growth based on current shipping schedules from previously purchased miners (subject to change) Corporate … Read more

Fed Triggers $10,000 Bitcoin Failure Alert

Bitcoin BTC and cryptocurrency prices were stuck in a holding pattern ahead of the closely watched Federal Reserve interest rate decision on Wednesday, which could come with a $9 trillion bomb. Subscribe Now to Forbes Cryptocurrency and Blockchain Consultant and successfully navigate the volatile bitcoin and cryptocurrency market Bitcoin price struggled in the first few … Read more

Fidelity Exec on Bitcoin Price: ‘Boring is good if you want institutional adoption’

Recently, Jurrien Timmer, director of global macro at Fidelity Investments, commented on Bitcoin’s latest price action and had a few words of comfort with Bitcoin HODLers who may be a little concerned about the currently bearish cryptocurrency market. In March 2021, Timmer published a 12-page research paper on Bitcoin (title: “Understanding Bitcoin: Does Bitcoin Belong … Read more

How a Buffalo Woman Lost Her Retirement Savings at a Bitcoin ATM

BUFFALO, NY (WKBW) – A Buffalo woman recently contacted 7 Problem Solvers admitting she fell for a scam that drained her retirement savings. The retired nurse did not want to be identified but said a computer pop-up prompted her to send over $43,000 to scammers via wire transfer and Bitcoin ATM. The woman said that … Read more