Bitcoin News is a daily source of market information, providing a comprehensive understanding of the cryptocurrency’s trends, recent developments, and price movement. It provides complete information on Bitcoin’s current status and what to expect in the coming year. Whether you’re interested in the cryptocurrencies’ upcoming developments or are a veteran investor looking to make a big move, Bitcoin News provides you with the information you need.
Bitcoin’s reputation has been tarnished in the past, but recent developments have helped it regain its footing. After a rocky start to the week, prices are gaining momentum. Bitcoin and Ethereum prices both recovered on Friday. In today’s news, a Bitcoin miner named Core Scientific has filed a lawsuit against cryptocurrency lender Celsius Network, claiming it owes them $5.4 million. As a result, Core Scientific’s shares have plummeted. They’re now worth a penny per share, down from a high of $10 a year ago.
Despite the volatility in cryptocurrency markets, many traders remain optimistic. Veteran cryptocurrency trader Tone Vays believes a bull run will begin a year before the next halving. Additionally, SAP SE has included SHIB as a payment option for its employees, and plans to host five startups using this currency. Further, Fidelity Digital Assets announced plans to add institutional Ethereum capabilities next week.
While many people are worried about the energy used by bitcoin miners, it is important to note that the technology is renewable. On average, a Bitcoin transaction consumes between 1,173 KW hours of energy, which is enough to power an American home for six weeks.