As the crypto industry contagion continues to spread and add casualties, bitcoin is conversely looking steady. Bitcoin, the first and most widely recognized virtual currency, is often viewed as a stand-in or proxy for the entire digital asset industry more broadly. While, admittedly, just one...
The bitcoin miner formerly known as Riot Blockchain has rebranded itself as Riot Platforms. Riot Platforms said in a Tuesday (Jan. 3) press release that the new name reflects the fact that it is diversifying its business while remaining driven by bitcoin. Already active in...
To say bitcoin has been volatile would be an understatement. After slumping more than 70% from its peak a year ago, it has most recently been whipsawed amid FTX’s high-profile plummet toward bankruptcy. And yet, for an intrepid and growing base of consumers, the marquee...
It has been a rocky 12 months for bitcoin. One year ago, bitcoin hit its all-time high of $68,789. Today, it’s back below $20,000, having lost 70% over the last 12 months. As bitcoin neared its record high last November, analysts attributed the rally in...
For the first time since mid-June, bitcoin is on track to close out a week without dipping below the psychologically vital $20,000 mark, and spent most of the week above $22,000. In this crypto market, that’s something of a victory. Not much of one, mind...
Ten days after Hurricane Bonnie ripped across El Salvador, causing flooding, damaging homes and cars, and killing at least one person, an economist took the government to task for spending 17 times more on bitcoin than on the entire Ministry of Environment and Natural Resources....
On America’s Independence Day, it’s worth looking back at bitcoin’s history, because both origin stories share a basic impulse: freedom from a system that controls our lives without giving us any input. That impulse led to the signing of the Declaration of Independence on July...
Bitcoin is down about 70% from its November all-time high, and the crypto market as a whole is in what is best described as an extreme fear cycle after a stablecoin run wiped out $45 billion and a couple of other companies eye insolvency. That...
As bitcoin crashed well below the psychologically important $20,000 mark over the Juneteenth holiday weekend, bottoming out at levels not seen since the very beginning of the crypto bull market in November 2020, fears are growing that it will get a lot worse before it...
