Lava Unveils Self-Custody Wallet and Bitcoin-Based DeFi Platform
Lava, a trailblazing fintech company, has announced the launch of a ground-breaking self-custody wallet and a Bitcoin-based decentralized finance (DeFi) platform. Lava’s innovative loan protocol enables users to safely borrow stablecoins, utilizing bitcoin as collateral, a strategy aimed at eliminating threats associated with custodian rehypothecation and bridge vulnerabilities. Lava’s CEO, Shehzan Maredia, highlighted the revolutionary nature of their approach. “We …
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Tesla’s Q1 2023 Report: Maintains $321 Million in Bitcoin Holdings, Achieves $2.5 Billion Net Profit
In Q1 2023, Tesla, a well-known automotive company under the ownership of Elon Musk, announced a net profit of $2.5 billion. Additionally, the company revealed that it had maintained its Bitcoin investments valued at $321 million during the same period. This news may come as a surprise to some, as Tesla had previously sold off some of its Bitcoin holdings …
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Arkansas Legislature Takes Bold Step to Safeguard Bitcoin Mining Industry with New Bill
The Arkansas State House, which accommodates the Senate and House of Representatives, has effectively passed a bill with the aim of safeguarding Bitcoin mining in the state. The bill was introduced by representative Rick McClure, along with Senator Joshua Bryant, and was initially presented in the House on March 30. After undergoing multiple readings and committee stages in both the …
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Cryptocurrency And The Environment:
Introduction: Cryptocurrency mining is the process of validating transactions and adding them to the blockchain. This process requires significant computing power, which consumes a large amount of electricity and generates a substantial amount of heat. As a result, cryptocurrency mining has become a significant environmental concern, with many people questioning the sustainability of this industry. Environmental Impact of Cryptocurrency Mining: …
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Why Bitcoin Price Is Signaling More Downsides Below $47K
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summy Morphe
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August 25, 2021
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Bitcoin
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Bitcoin price started a downside correction from $50K against the US Dollar. BTC could extend its decline below the $47,600 support zone in the near term. Bitcoin failed to gain strength above $50,000 and started a downside correction. The price is now trading below $48,500 and the 100 hourly simple moving average. There is a key bearish trend line forming …
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Bitcoin Regains Strength, Why BTC Could Hit $50 This Time
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summy Morphe
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August 20, 2021
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Bitcoin
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Bitcoin price traded to a new weekly low at $44,012 before recovering losses against the US Dollar. BTC is back above $47,000 and it may attempt to clear the $48,000 resistance. Bitcoin started a decent increase above the $45,500 and $46,000 resistance levels. The price is now trading above $46,000 and the 100 hourly simple moving average. There was a …
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Bitcoin Stuck In The Clouds, But Brighter Days Could Be Ahead
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summy Morphe
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August 13, 2021
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Bitcoin
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Bitcoin price is stuck at around $46,000 unable to push higher despite some strong momentum and buying at its back. The reason for the resistance, is because the leading cryptocurrency by market cap has its head caught in the clouds. Once these clouds part, however, it could lead to a lot sunnier days across the cryptocurrency market once again. Bitcoin …
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Bitcoin Reclaims $45K, Why Bulls Remain In Driver’s Seat
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summy Morphe
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August 10, 2021
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Bitcoin
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Bitcoin price started a fresh increase above the $45,000 resistance zone against the US Dollar. BTC is likely to continue higher towards the $48,000 level in the near term. Bitcoin found support near $42,800 and it started a fresh increase above $44,000. The price is now trading above $45,000 and the 100 hourly simple moving average. There was a break …
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Bitcoin Turns Vulnerable, Why BTC Could Soon Test $30K
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summy Morphe
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July 16, 2021
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Bitcoin
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Bitcoin price extended its decline below $31,500 before recovering higher against the US Dollar. BTC is likely to face resistance near $32,200 and it might continue to move down. Bitcoin remains in a bearish zone and it recently traded towards the $31,000 level. The price is now trading well below $33,000 and the 100 hourly simple moving average. There is …
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Bitcoin Prints Bearish Technical Pattern, Why It Could Revisit $32.2K
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summy Morphe
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July 6, 2021
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Bitcoin
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0 Comments
Bitcoin price is correcting gains and it is trading well below $35,000 against the US Dollar. BTC could decline further if it stays below $34,400. Bitcoin started a downside correction below the $35,000 and $34,000 levels. The price is now trading below the $34,000 support and the 100 hourly simple moving average. There is a key contracting triangle forming with …
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