Asad Gilani

Blog Info Bitcoinist.com
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Stats Has written 18 posts about cryptocurrency

Aug 04 2021

Elon Musk Hints At Bitcoin Renewable Energy Hitting The Benchmark

According to a statement made by the tesla CEO, Bitcoin may have hit 50% in its consumption of renewable energy or beyond the number. Musk believes that the crypto industry is approaching a greener future, which will push it higher. However, he insisted that Tesla won't accept Bitcoin payment yet....

Nuggets CEO Alex Saunders Faces Harsh Criticism For Delaying Bitcoin Payments

Alex Saunders has brought a lot of criticism to himself by delaying loans, investment funds, and Bitcoin payments. However, Saunders has been very popular in the crypto space as an influencer powering Nuggets News. Right now, many of his associates are accusing him of owing them a huge sum of Bitcoin. In addition, the accusers are hinting that Saunders redirected a new project's...

Aug 03 2021

Bitcoin Drops Significantly As The Bullish Rally Gradually Ends

Bitcoin recently lost 5% of its recent price. Many experts speculate that this drop might be due to the U.S. infrastructure bill. The ending of last month - July 2021 was a bit favorable for Bitcoin Price. However, it seems the rally is now declining as most investors are afraid of the Bill. The price surged to $42,400 a few days back but...

Jul 25 2021

Bank Of America Supposedly Gives Approval For Bitcoin Futures Trading

A recent development in the crypto industry shows that clients of the second- largest bank in America can now engage in Bitcoin futures trading. The sources of this information stated their preference to remain anonymous. But they disclosed that the bank is allowing some of its clients...

Jul 20 2021

Bitcoin Node Network Marks An All-Time High After A Roller Coaster Journey

Bitcoin Nodes recently hit an all-time high of 13,000+ from 11,613 in January. This is the first time the nodes are crossing the mark and increased from what it was in early 2021. From the data released by Bitnodes.io, the reachable Bitcoin nodes achieve this increase earlier in July. Bitnodes.io is a dashboard where you can find...

Jul 19 2021

Reports Show China Lost Bitcoin Hash Power Before Conducting The Crackdown

Jul 19 2021 Published at Bitcoinist.com under tags  uncategorized

In recent times, China has made moves to halt all forms of Bitcoin mining in its vicinity. According to the government, the operation is consuming more energy than necessary. There have been concerns on how the crackdown will affect crypto prices, given that other countries also picked up the trend. China's action led to a mass exodus of miners away from Asian countries...

Crypto community Argues On Bitcoin Capacity As A Hedge Against Inflation

There is division in the Bitcoin community amid the massive spike in CPI (Consumer Price Index) in the United States. This division arose as the community argues whether BTC is now a hedge to inflation. According to Business Insider, the CPI had its biggest one-month increase for over thirteen years. CPI is an indicator that calculates the average difference in price that consumers...

Jul 17 2021

U.K. Sales Person Pleads Guilty For Using Bitcoin to Fund Islamic State (IS)

Bitcoin and Altcoin Transactions are usually anonymous and untraceable. As a result, it is generally easier to carry out shady deals with crypto knowing that the perpetrator might succeed without detection. Related Reading | Binance Bitcoin Open Interest Surges Despite Legal Scrutiny...

Jul 16 2021

Stock-To-Flow Market Signals A Great Time To Buy Bitcoin, Says Lex Moskovski

Jul 16 2021 Published at Bitcoinist.com under tags  bitcoin lex moskovski stock to flow

Bitcoin “A great buying opportunity," says Lex Moskovski, investment director of Moskovski Capital. His tweet indicates the stock-to-flow model marking a historic moment in the twelve years of the digital coin's life. Moskovki's tweet signals a profitable future for investors, as the data show bitcoin has...

Singapore and France Set To Trial Global Transactions Through CBDCs

Jul 16 2021 Published at Bitcoinist.com under tags  cbdc cbdcs central banks france onyx

Central banks of Singapore and France are developing a digital coin interoperability system that will support various global CBDCs. The Financial authorities of both countries are seriously exploring the CBDCs cross-border applications. CBDC...

Jul 14 2021

Speculations Indicate Bitcoin To Face Intensified Government Conspired Opposition

Emerging 'conspiracy theories' on possible stiffer conspired hostility on Bitcoin are beginning to be volleyed by crypto experts into their online channels. The alarms raise caution and discomfort over Bitcoin and the ecosystem's future. As suggested by the Chief Strategy Officer of CoinShares, Meltem Demirors, the...

Jul 09 2021

Survey Shows 21% Of The UK Investors Are Unaware Of Cryptocurrencies

A survey conducted in the UK recently reveals that two out of every five investors initially know little or nothing about cryptocurrencies. Moreover, they admitted to seeing the sector to be "non-existent or poor" before their investment. The survey exposed the ignorance of the British crypto investors' knowledge, motivations, and exposure regarding crypto investments. Related...

Goldman Sachs Says Ethereum May Become The New Store of Value

Jul 09 2021 Published at Bitcoinist.com under tags  bitcoin celcius ethereum goldman sachs

While writing on Tuesday to its clients, Goldman Sachs mentioned Ethereum as the blockchain having the highest recorded real use cases. The firm also suggested that Ethereum may dominate the digital store soon. Goldman Sachs observed that most people now prefer using Ethereum's smart contracts due to ETH's increasing popularity. This situation may lead to Ethereum overtaking Bitcoin soon to become the first...

Jul 08 2021

Bitcoin Mining Energy Consumption Becomes A Blockchain Heated Debate

Launched in 2009 by "Satoshi Nakamoto," whose identity remains unknown, Bitcoin was the first cryptocurrency to scale. Since then, it has risen to prominence through...

Jul 07 2021

Thai Partner Drags Bithumb Hong Kong Subsidiaries To Civil Suit

Reports reveal that subsidiaries of Bithumb Hong Kong are facing a civil suit due to a contract breach. According to the report, a Thai firm says that Bithumb’s Hong Kong subsidiaries halted its business in Thailand. This halt led to serious business damage for the Thai firm. Korea Times reported on Tuesday that a former...

Binance Bitcoin Open Interest Surges Despite Legal Scrutiny

Open interest and liquidity across Binance crypto and Bitcoin derivatives markets have vastly improved, suggesting investors’ confidence in the sector. As such, 2020/2021 for Binance has been a breakthrough for derivatives markets. Such hiccups have Led to the current meteoric rise of Binance Futures. Binance Faces Regulation Defaults While Binance luxuriates on this achievement, it is beleaguered with various legal accusations. The accusations...

Argo Blockchain, A Cryptocurrency Mining Firm Awaits Secondary Listing On Nasdaq

Agro Blockchain that concentrates on cryptocurrency mining is desiring a secondary listing on Nasdaq. The crypto-mining company was already the first to appear on the London Stoch Exchange listings. Related Reading | Bitcoin Water Trust Raises $1.4 Million, And Counting While...

Jul 06 2021

PM Of Vietnam Orders Central Bank To Conduct Cryptocurrency Pilot Implementation

Phạm Minh Chính, the prime minister of Vietnam, has mandated the country's Central Bank to study and pilot cryptocurrency implementation. This puts Vietnam’s State Bank as the first bank of a country to explore the practicability and functions of central Bank Digital currencies (CBDCs). The country’s State Bank is about...

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