Tether, the issuer of the world’s largest stablecoin by market capitalization (USDT), has announced that it took part in the first round of a new billion-dollar renewable energy initiative in El Salvador. Moreover, it is looking to invest $1 billion to build the world’s largest Bitcoin mining farms. Tether Energy
The crypto market has experienced a lot of ups and downs since the start of 2023. Among the other cryptocurrencies, Bitcoin (BTC), the largest cryptocurrency by market capitalization, started the 2023 year with a strong bullish trend. BTC has reached the 30K mark at the start of the year. However,
Well-known Bloomberg analyst Mike McGlone is skeptical about Bitcoin’s recent price movement. McGlone issued his June Crypto Outlook report, which predicts a catastrophic decline for the flagship cryptocurrency and the whole crypto market in the next months, lending more support to his prediction. The senior macro analyst at Bloomberg Intelligence
The unemployment rate in the United States rose to 3.7% in May, according to the latest figures from the Bureau of Labor Statistics (BLS). In addition, there were an additional 339,000 nonfarm payroll employment created for the economy last month. The increase this month is a 0.3% growth, bringing the
As the cryptocurrency market evolves, an in-depth analysis of Bitcoin’s on-chain metrics provides unparalleled insights into the network’s health, investor behavior, and potential price trends. In their latest report, Glassnode, a leading blockchain analytics firm, delves into various key factors shaping Bitcoin’s current landscape. Our latest #Bitcoin on-chain analysis video
In an era where disruptive technologies are redefining financial boundaries, cryptocurrency, particularly Bitcoin, has emerged as a game-changer. No country illustrates this paradigm shift better than India, which has witnessed an astounding 2700% increase in new Bitcoin users over the past three years. According to reports, the dawn of India’s
Bitcoin Ordinals and BRC-20 tokens stormed with curious hype, conquering the focus of the crypto space to a great extent. Remarkably, crypto exchange Binance is on the frontline investigating the possibilities of onboarding BRC-20 to augment Bitcoin’s NFT era. Notably, Leonidas, a popular Ordinals member on Crypto Twitter, magnified the
Bitcoin (BTC) jumped more than 3.4 percent during the early hours of trading on Monday, May 29. This occurs when the United States is ready to increase its debt limit from its present level of $31.4 trillion. According to CMC, Bitcoin (BTC) is trading 3.4% higher at $28,009 with a
Bitcoin (BTC), the world’s largest cryptocurrency, surpassed the $28k mark early Monday morning. And also Bitcoin has taken center stage as the most intriguing subject on crypto Twitter, capturing the attention and interest of users. As reported by CoinMarketCap, the current price of BTC stands at $28,081.93, accompanied by a
An agreement in principle to extend the debt limit date, now at $3.4 trillion, has been agreed between US President Joe Biden and Representative Kevin McCarthy only days before the default date. The proposed compromise between the two sides would increase the debt ceiling for two years while imposing expenditure
