Author: cointechies

Peter Schiff called Bitcoin a “threat to national security” and accused it of being used to bribe government officials and misuse public funds. Despite his warnings, Bitcoin's rise in popularity and price continued to defy his predictions, including his claim that Bitcoin would never reach US$100,000. Nate Geraci and Eric Voorhees humorously criticized Schiff's comments, highlighting the irony of criticizing Bitcoin while ignoring larger economic issues such as $36 trillion in debt. Oh, Peter Schiff is at it again. This time, the number one Bitcoin hater says BTC is a “threat to national security,” but don't laugh so hard just…

Check out the latest information in Spanish. MicroStrategy, a business intelligence company led by co-founder and chairman Michael Saylor, made headlines once again by announcing a $2.1 billion acquisition of Bitcoin (BTC). Interestingly, this is the fifth consecutive Monday that the Tysons Corner, Virginia-based company has announced a major acquisition of a major cryptocurrency on the market, demonstrating confidence in BTC's outlook and price growth. . Microstrategy's Bitcoin Stashes Surpass Nvidia According to a filing with the U.S. Securities and Exchange Commission (SEC), MicroStrategy purchased 21,550 Bitcoin tokens between December 2 and December 8 at an average price of $98,783…

Rob Hadick of Dragonfly and David Pakman of CoinFund expressed skepticism about crypto projects competing with major AI players such as OpenAI, Meta, and Microsoft. Panelists agreed that decentralized AI systems lack practicality and scalability in the short term, limiting their potential to compete with centralized giants during this market cycle. Speaking at The Block's Emergence conference in Prague, Rob Haddick, general partner at crypto-focused VC Dragonfly, said he's not confident crypto projects can outperform big AI players like OpenAI, Meta and Microsoft. He said that it is not possible to achieve synergy between the two sectors, much less to…

Check out the latest information in Spanish. Ethereum price corrected its gains below the $3,880 zone. ETH is currently recovering some of its losses and is facing a hurdle near the $3,800 resistance zone. Ethereum started a downward correction below $3,880 and $3,800. The price is trading below the 100-hour simple moving average at $3,880. The hourly chart of ETH/USD (data feed via Kraken) shows a major bearish trend line forming at the $3,815 resistance level. If it breaks above the $3,600 support zone, the pair could start a new rally. Ethereum price falls further Ethereum's price was unable to…

MicroStrategy has added an additional USD 2.1 billion to its Bitcoin portfolio. The company has now purchased BTC for the fifth consecutive day on Monday, bringing its holdings to over 420,000 BTC, or over $40 billion. The company's average purchase price has risen to nearly US$60,000, and it plans to raise US$42 billion by 2027 to continue the buying frenzy. Despite being down 7.5% today, MicroStrategy stock has grown by a significant 433% since January 2024. You won't believe it – Michael Saylor and MicroStrategy bought Bitcoin. The Bitcoin maximalist to end all Bitcoin maximalists is not slowing down despite…

Bitcoin reserves are becoming a global trend, with many companies adding BTC to their balance sheets. Brazil, in particular, is moving towards establishing a sovereign Bitcoin reserve, and its high cryptocurrency adoption rate makes this a possibility. Russian lawmakers also recently proposed creating a Bitcoin reserve fund in response to international sanctions. The US states of Florida and Pennsylvania are planning to add Bitcoin to their financial strategies, joining other regions such as Vancouver and Bern. This trend is taking off around the world, with countries, states, and companies all racing to catch up with this trend of Bitcoin reserves.…

Check out the latest information in Spanish. Bitcoin price started declining again and traded below the $98,000 support. BTC has fallen towards the $95,000 level and is currently paring losses. Bitcoin has started a new decline below the $98,000 support zone. The price is trading below the $98,000 and 100 hourly simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) has a connecting bearish trendline forming resistance at $98,800. The pair could regain momentum if it closes above the $98,800 resistance zone. Bitcoin price takes a hit Bitcoin price failed to pick up pace above…

Bitcoin and major cryptocurrencies have lost momentum, with significant declines across the board, including a 22% drop in WorldCoin. Meme coins such as Popcat and Peanuts the Squirrel also faced steep declines of around 20%. Despite the less severe losses, Bitcoin is still below 100,000 USD, trading at 97,484 USD. Ethereum fell 7%. The massive Bitcoin outflow from Coinbase shows strong demand from institutional investors, and Bitfinex points to signs of market stabilization. Bitcoin and most major crypto assets are struggling to maintain momentum as they are in the red. Some coins have plummeted by more than 20%, with World…

Google unveils new quantum computing chip: Clock ticking for crypto encryption?  Cointelegraph

Cryptocurrency advocacy organization CIFonX has launched a five-figure digital advertising campaign that will appear across all platforms in Washington, DC. The ad urges lawmakers to vote against SEC Commissioner Caroline Crenshaw, who has been labeled more anti-cryptocurrency than Gary Gensler. The Senate Banking Committee is scheduled to vote on her reappointment on Wednesday, after which she could serve out a term until 2029. Cryptocurrency advocacy group Cedar Innovation Foundation (CIFonX) and several industry leaders have called for the renomination of Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw, who reportedly opposed the approval of a Spot Bitcoin ETF in January.…