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Bitcoin (BTC) hovered near $59,000 as Nov. 21 came to a close after avoiding a retest of its recent lows.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC challenges $60,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD almost hitting $60,000 before consolidating in a new higher range after sudden gains Saturday evening.The
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Nasdaq-listed company Microstrategy has avoided a “multi-billion dollar mistake” by choosing to invest in bitcoin instead of gold. The company now holds about 108,992 bitcoins. ‘Multi-Billion Dollar Mistake’ Avoided The Nasdaq-listed software company Microstrategy has avoided making a mistake that could have cost the company multi-billion dollars. CEO Michael Saylor tweeted Sunday: If
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A former government contractor in Australia who mined crypto using state-owned supercomputers has avoided jail time. According to The Sydney Morning Herald, Jonathan Khoo was ordered to complete 300 hours of community service for installing code on two supercomputers run by Australia’s Commonwealth Scientific and Industrial Research Organisation, or CSIRO, to
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Chainlink plunged during the Thursday trading session in what appears to be a sell-off caused by profit-takers. The latest decline appeared as a part of a downside correction that started a day after Chainlink set an all-time high at $8.93. Meanwhile, favorable fundamentals in the form of new strategic partnerships kept the
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Bitcoin (BTC) may have shed 11% in a week, but it is actually performing exactly like one of the industry’s most famous analysts predicted.In a tweet on Mar. 1, PlanB, creator of the well-known stock-to-flow Bitcoin price forecasting model, said that at around $8,500, BTC/USD was wholly on schedule.PlanB:
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In late August various crypto media reported that Tether planned to issue a Chinese yuan-backed stablecoin. Bitfinex shareholder Zhao Dong told ChainNews that the stablecoin would be called CNHT and be held in offshore accounts. Zhao also said that his peer-to-peer lending platform, RenrenBit, had invested in the project
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