Russian President Vladimir Putin recently expressed concerns about the impact of cryptocurrency mining on power supply in various regions of the country. He emphasized the uncontrolled electricity consumption by Bitcoin and other crypto mining facilities, leading to power shortages in areas such as Irkutsk region, Buryatia, and Trans-Baikal Territory. Putin highlighted the severity of the
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Chainlink (LINK), a prominent player in the decentralized finance sector, is currently under considerable bearish pressure. The ongoing downward momentum in LINK indicates the potential for further losses, with key technical indicators pointing towards a critical support level at $12 for the cryptocurrency. The negative market sentiment surrounding Chainlink is evident from its price movement,
Senator Cynthia Lummis has raised concerns about the Biden administration’s proposal to impose a 30% tax on Bitcoin miners. She argues that such a high tax rate could have far-reaching implications on the innovation and growth of the industry. By stifling innovation and potentially forcing mining operations overseas, the tax could weaken both economic and
In a bold move, the American investment management firm, VanEck, has announced an astonishing price target for Bitcoin (BTC) that has left many in the financial world stunned. The forecast suggests that BTC could potentially soar to an eye-watering $52.38 million by the year 2050, a figure that seems almost unfathomable when compared to other
Bitcoin whales have been making significant moves in the cryptocurrency market recently, with one particular whale accumulating almost $400 million worth of Bitcoin in just two days. This whale, identified as 12QVs…oN2qo, withdrew 5,800 BTC from Binance, signaling a strong belief in the potential for Bitcoin to see substantial gains in the near future. The
Semilore Faleti is a prominent figure in the field of cryptocurrency journalism, with a specialization in content creation and reporting. His journey began with writing on various topics, but he soon discovered his passion for delving into the complexities of blockchains and digital currencies. Semilore’s fascination with the efficiency of digital assets for storing and
In the world of cryptocurrency trading, market volatility and price fluctuations are common occurrences. For investors looking to purchase Bitcoin, the pioneer cryptocurrency, determining the best times to enter the market can be a daunting task. However, a crypto analyst known as ‘Stockmoney Lizards’ has recently shared insights on key price levels to monitor for
Growing up in Edo State, Nigeria, surrounded by my supportive family, I have been able to navigate through life with a sense of security and purpose. My parents, who have always been my pillars of strength, have instilled in me values that have shaped my journey and fueled my aspirations. Three years ago, I delved
Semilore Faleti, a cryptocurrency writer with a specialization in journalism and content creation, has made a name for himself in the world of blockchains and digital assets. His keen interest in the efficiency of digital assets for storing and transferring value has propelled him to become a staunch advocate for the adoption of cryptocurrency. In
Bitcoin, the pioneer cryptocurrency, has recently been under scrutiny by a crypto analyst for its potential to plummet to new lows if it fails to maintain key support levels. According to the pseudonymous analyst DonAlt, Bitcoin could face a price crash to $42,000 if it does not hold the critical support level at $63,000. This