Bitcoin ‘late longs’ washed out as BTC price falls to $65K

Despite its nascency, central bank digital currencies and their offshoots have rapidly evolved into a serious alternative to typical bank accounts. A CBDC is electronic money issued by a central bank for use by consumers and companies in lieu of traditional money. The concept was popularized in a particularly interesting paper published in 2016 by…

Bitcoin (BTC) has declined by more than 55% six months after it reached its record high of $69,000 in November 2021. The massive drop has left investors in a predicament about whether they should buy BTC when it is cheaper, around $30,000, or wait for another market selloff.The more you look at prior $BTC price…

Unstoppable Domains, a tech firm backed by prominent blockchain supporter Tim Draper, is rolling out a blockchain-based browser set to provide users with access to the decentralized web.Per a Feb. 18 announcement, Unstoppable Blockchain Browser is designed to simplify access to the decentralized web, also known as web 3.0. This kind of the Internet enables…

Bitcoin (BTC) starts the new week with optimism as traders greet the first green weekly candle in over a month.BTC price strength appears to be gradually improving after a weak August and start of September, with BTC/USD climbing toward $27,000.A solid weekly close provides the backdrop to what promises to be an interesting few days

Climate change has become one of the biggest global challenges for humanity. At the same time, the dependence on hydrocarbon energy sources such as coal, oil and natural gas is still strong.Supply lines around these energy sources are further vulnerable to geopolitical tensions. Due to the current sanctions against Russia, experts now expect rising electricity…

Bitcoin (BTC) should cost $18,000 right now — or the S&P 500 must crash, says the analyst behind the model which predicts a BTC price of $288,000.In a series of tweets on June 17, PlanB, the creator of stock-to-flow (S2F) and stock-to-flow cross-asset (S2FX), highlighted a correlation between the largest cryptocurrency and the stock market.Bitcoin…

Digital Asset’s DAML will connect diverse blockchains on a national DLT project in China. 1826 Total views 27 Total shares The Blockchain Services Network (BSN), the largest blockchain infrastructure initiative in China, now has a unified smart contract programming language.Red Date Technology, a major tech company involved in the BSN's development, will add support for…

According to new data from Statista, only 7% of Americans have previously used Bitcoin (BTC). This means current investors in BTC are still in an early stage of growth.Dan Tapiero, the co-founder of 10T Holdings, said Bitcoin is still at the “birth” phase of a new asset class. He wrote:“It's still so early for Bitcoin.…