Bitcoin

Bitcoin is a cryptocurrency. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
‘Cryptofinance’ Might Be Replacing ‘Cryptocurrency,’ but Bitcoin Is Still Unreliable
‘Cryptofinance’ Might Be Replacing ‘Cryptocurrency,’ but Bitcoin Is Still Unreliable
February 07, 2024  |  Cryptocurrency

Compared to the events of 2023, the cryptocurrency sector in 2024 could be considered relatively boring. U.S. regulators at the start of the year approved...

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Large-Scale Crypto Mining Consumes 2% of US Electricity
Large-Scale Crypto Mining Consumes 2% of US Electricity
February 04, 2024  |  Cryptocurrency

How much energy does cryptocurrency mining consume in the U.S.? A recent analysis by the Energy Information Agency (EIA) estimates that large-scale cryptocurrency operations consume more...

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Bitpay Climbs Two Spots in PYMNTS Provider Ranking of Crypto Wallet Apps
Bitpay Climbs Two Spots in PYMNTS Provider Ranking of Crypto Wallet Apps
February 01, 2024  |  Crypto Wallet

If you’re looking for a place to store your crypto, PYMNTS’ Provider Ranking of Cryptocurrency Wallets can help. Each month, PYMNTS uses metrics such as...

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Tether Says USDT Market Cap Climbs Toward $100 Billion
Tether Says USDT Market Cap Climbs Toward $100 Billion
January 31, 2024  |  Cryptocurrency

Tether, issuer of USDT stablecoin, says its flagship digital asset is worth nearly $100 billion. The company on Wednesday (Jan. 31) released earnings showing that...

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FTX Amasses $4.4 Billion Stockpile as Customers Await Repayment
FTX Amasses $4.4 Billion Stockpile as Customers Await Repayment
January 28, 2024  |  Cryptocurrency

FTX has reportedly been selling crypto assets and stockpiling cash as it looks to repay customers. Those customers’ accounts have been in limbo since the cryptocurrency...

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Bitcoin Falls Amid Investor Profit-Taking After Recent High 
Bitcoin Falls Amid Investor Profit-Taking After Recent High 
January 23, 2024  |  Bitcoin

Bitcoin continued its recent decline, falling below $39,000 on Tuesday.  This marks the world’s largest cryptocurrency’s lowest level since December and comes after a 2.5%...

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SEC Says ‘SIM Swap’ Attack Enabled Takeover of X Account 
SEC Says ‘SIM Swap’ Attack Enabled Takeover of X Account 
January 22, 2024  |  Security & Fraud

The Jan. 9 hack of the Securities and Exchange Commission’s (SEC) account on the social media platform X (formerly known as Twitter) was apparently the result of...

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Stablecoins Gain Ground With Fraudsters Looking to Move Beyond Bitcoin
Stablecoins Gain Ground With Fraudsters Looking to Move Beyond Bitcoin
January 18, 2024  |  Cryptocurrency

Stablecoins have held the promise of serving as a link between the cryptocurrency realm and traditional financial services. Turns out that nowadays, the digital holdings...

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JPMorgan Dubious Bitcoin ETFs Will Draw New Capital
JPMorgan Dubious Bitcoin ETFs Will Draw New Capital
January 15, 2024  |  Cryptocurrency

J.P. Morgan analysts are doubtful about the promise of bitcoin exchange-traded funds (ETFs). The banking giant thinks bitcoin ETFs will draw substantial funds from other...

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