bitcoin news
Bitcoin news
Peter Schiff questions why central banks favor gold over bitcoin as they prepare for a post-dollar era, highlighting record gold purchases amid rising distrust in the US dollar https://heart-band.com/. This trend reflects gold’s enduring role as a reliable reserve asset, contrasting with bitcoin’s volatility and limited institutional acceptance. Analysts suggest geopolitical tensions and economic uncertainty further bolster gold’s appeal.
Robert Kiyosaki, author of the best-selling personal finance book Rich Dad Poor Dad, on Monday warned that the “biggest crash in history” could begin this summer, urging investors to move out of stocks and bonds and into alternative assets like gold, silver, and Bitcoin.
Bitcoin and other cryptocurrencies experienced a sharp decline following Israeli airstrikes on Iran, reflecting broader market anxieties. The largest digital asset dipped below $103,000, while Ether also saw significant losses. Investors sought safe-haven assets like Treasuries, and over $1 billion in long crypto positions were liquidated amid the escalating geopolitical tensions.
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The cryptocurrency landscape has evolved significantly, with Bitcoin ETFs now trading on US stock exchanges, offering mainstream investors direct exposure to the digital asset. Major financial institutions, including BlackRock, have recommended portfolio allocations to Bitcoin, while countries like El Salvador maintain it as legal tender. Mining operations continue to face scrutiny over their environmental impact, with increasing focus on sustainable energy sources.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is currently trading at $2656. Market analysis indicates a surge in price, accompanied by a substantial increase in trading volume.
Our NewsNow feed delivers real-time updates on Bitcoin’s price movements, regulatory developments, technological advances, and adoption trends. Whether you’re an investor, technologist, or simply interested in the future of money, our comprehensive coverage helps you stay informed about this revolutionary digital asset that continues to reshape the global financial landscape.
Dogecoin (DOGE), the popular meme-inspired cryptocurrency, is currently trading at $0.18. The asset boasts a market capitalization of $26.87 billion, ranking it among the top cryptocurrencies by market cap.
Bitcoin and other SHA-256 coins can typically only be mined profitably with a piece of specialized mining hardware called an ASIC, which stands for application-specific integrated circuit. Major manufacturers of ASICs include BitMain (AntMiner), Microbt (Whatsminer), and Canaan (AvalonMiner). ASIC hardware can be purchased directly from the manufacturer or from resellers on Amazon and eBay.
Balances – block chain The block chain is a shared public ledger on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. This way, Bitcoin wallets can calculate their spendable balance and new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptography. Transactions – private keys A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process called mining. Processing – mining Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends. (Information provided by CryptoCompare.)
Elon musk bitcoin news
Robert Kiyosaki, author of Rich Dad Poor Dad, warns that the ongoing global stock market collapse marks the realization of his 2002 predictions. He claims we are in a recession, possibly heading toward a depression. Kiyosaki advocates moving away from traditional investments, emphasizing gold, silver, and Bitcoin. He also predicts silver could double in value by 2025.
In the latest Elon Musk development affecting crypto markets, the tech billionaire announced the launch of XChat, a new messaging app featuring what he calls “Bitcoin-style encryption.” However, this Bitcoin news has failed to generate positive market momentum, with experts questioning the technical claims behind the offering.
All new XChat is rolling out with encryption, vanishing messages and the ability to send any kind of file. Also, audio/video calling. This is built on Rust with (Bitcoin style) encryption, whole new architecture.
Available data from Arkham Intelligence on the Wednesday move showed the BTC was transferred to new wallets and not to any exchange, alleviating early fears of a sizable sale. Tesla or Musk are yet to publicly comment on the movement, though more detail may come early next week when the company reports its third quarter earnings results.
Indian markets extended gains for the seventh day, driven by IT and auto stocks, positive global cues, and HCLTech’s outlook. Analysts flagged possible near-term volatility amid geopolitical tensions and mixed earnings.