The Bitcoin Mining Council made a formal debut on Thursday as the debate regarding the environmental impact of the digital asset intensifies. The Bitcoin Mining Council describes itself as a “voluntary and open forum of Bitcoin miners committed to the network and its core principles.” Its mandate is to promote transparency, endorse good practices, and foster Bitcoin education according to the official website. MicroStrategy CEO Michael Saylor is one of the founding members, who posted a call to arms on his Twitter feed on Thursday. The Bitcoin Mining Council is a voluntary and open forum of Bitcoin miners committed to …

A 21st-century space race appears to be brewing between Elon Musk and BitMEX, with both parties pledging to launch their respective crypto of choice to the literal moon first. On Friday, popular crypto derivatives exchange BitMEX announced it would be supporting space robotics firm Astrobotic Technology in the company’s mission to send its first commercial lander to the moon during Q4 2020. Noting that the mission aims to be the first instance in which “a private company leading a coalition of government, academia, industry, and international partners reaches the lunar surface,” BitMEX plans to make the occasion by delivering a …

Tesla CEO Elon Musk has been criticized for wielding what many perceive to be irresponsible influence over the cryptocurrency market. Musk regularly took to Twitter to post memes and hot takes on various cryptocurrencies throughout most of 2021, not least Bitcoin (BTC) and Dogecoin (DOGE). Musk soon added another coin to that list — CumRocket (CUMMIES). CumRocket is described as a “revolutionary deflationary token” aimed to be used by those in the adult film industry. On Friday, Musk posted a cryptic tweet with three words listed: Canada, USA, Mexico. Observers interpreted this as Musk cheekily writing the word “CUM,” and …

It’s the classic Anonymous modus operandi: a monologue worthy of a super villain, a perceived attack on an individual right or public good, some guy in a Guy Fawkes mask, and a whole lot of fizzbang-wowie video effects and voice distortion. But as the hacktivist collective takes aim at a new target in Elon Musk, the latest “expect us” threat prompts the question: who cares? Yesterday, a video purportedly from the Anonymous collective warned that there is now a joint intelligence working against him: Oh fuckhttps://t.co/f8A4baYgWU — Peter McCormack (@PeterMcCormack) June 5, 2021 The monologue was meandering, noting that “your …

Elon Musk is definitely interested in digital currency, but it seems that he doesn’t want to understand it. At least, I worry that he doesn't have a deep enough understanding of Bitcoin (BTC) and decentralized systems in general. A decentralized system has to be secure, and proof-of-work (PoW) is the solution for Bitcoin to secure its digital asset. The more successful Bitcoin is, the more energy is required for PoW to secure the network. In other words, the reason that Bitcoin uses up so much more electricity than Dogecoin (DOGE), for example, is because BTC is much more secure than …

Bitcoin (BTC) prices fell by almost 5% on June 4, continuing the decline into the Friday session as investors grappled with Elon Musk's cryptic tweets on the cryptocurrency, raising speculation that the Tesla CEO might dump the firm's remaining 43,2000 BTC stash. #Bitcoin pic.twitter.com/lNnEfMdtJf — Elon Musk (@elonmusk) June 4, 2021 Nonetheless, Bitcoin's move downside also coincided with a big spike in the U.S. dollar index (DXY), raising speculation that more than one factor accelerated the cryptocurrency's dramatic plunge during the late Thursday and early Friday session. In retrospect, the U.S. dollar index, which measures the greenback's strength against a …

DOGE’s surge this year has blown Bitcoin and Ethereum out of the water. It’s crazy to think that, just a few short months ago, even a price of $0.01 seemed elusive. Here, we talk to WaykiChain founder Wayki Sun about his involvement in Dogecoin from the early days, and how this has inspired him to develop new blockchain projects. 1. Hi! Why is your name so associated with Dogecoin? My relationship with Dogecoin dates back to late 2013. Back then, there was a big number of early DOGE users. Despite on-chain addresses and transfers being exceedingly high — not to …

Elon Musk’s tendency to sway the crypto space with devil-may-care tweets was on display again on Friday, as numerous coins lost between 10–18% in the wake of Musk’s latest Bitcoin (BTC) meme. The Tesla CEO’s tweet which showed a Bitcoin sign next to a broken heart emoji could have been interpreted as fairly cryptic, but within minutes the crypto market responded by plunging into a sea of red, as close to $100 billion departed the global market cap. Industry executives, while concerned with the influence Musk exerts on the crypto space, are now growing hopeful that Bitcoin can escape his …

Bitcoin (BTC) bounced off a predicted floor on Friday as the dust settled on the latest market collision with Elon Musk. Bitcoiners poke fun at Musk’s “break-up” Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as the pair recovered to levels nearer $37,000 on Friday. Previous strength this week, which had seen a push toward $40,000, abruptly ended in defeat after Musk released another cryptic tweet. In it, the Tesla CEO appeared to suggest that he had moved on from Bitcoin to some form of alternative. The market sold off, but the biggest casualties this time were altcoin traders. …

Tesla CEO Elon Musk has brought more stress to the cryptocurrency markets by posting another series of cryptocurrency-related tweets on Thursday. Bitcoin lost around $2,000 in a matter of hours after Musk took to Twitter to post about Bitcoin (BTC) again. The Bitcoin price reacted immediately, dropping from around $38,700 to $37,500 in an hour. Bitcoin continued falling as Musk kept tweeting more cryptic posts in the thread including another breakup-themed tweet on falling crypto prices as well as a post on Dogecoin (DOGE). pic.twitter.com/MLhu6oOwgc — Elon Musk (@elonmusk) June 4, 2021 Bitcoin subsequently dipped to as low as $36,400, …

Dogecoin (DOGE) prices jumped by nearly 40% on a 24-hour adjusted timeframe on Wednesday, shaking out more than $16 million worth of bearish leverage in just one hour while almost reclaiming its pre-crash high. Leveraged bearish traders caught themselves on the wrong side of trading after Coinbase Pro, a United States-based crypto trading platform, announced that it would enable DOGE trading to its portal from Thursday. “Starting immediately, we will begin accepting inbound transfers of DOGE to Coinbase Pro,” Coinbase confirmed in its blog post. “Once sufficient supply of DOGE is established on the platform, trading on our DOGE-USD, DOGE-BTC, …

Meme cryptocurrency Dogecoin (DOGE) gained more than 40% early on Wednesday morning, following its listing on Coinbase Pro and yet another flurry of tweets from self-appointed DOGE spokesperson Elon Musk. Coinbase announced the listing of Dogecoin on its pro trader platform, Coinbase Pro, on Tuesday, sparking a swift revival in the coin’s fortunes. DOGE’s price sank 59% over the course of the previous month, following the wider market crash in early March. On Tuesday, the coin’s price jumped from $0.3137 up to $0.4398 in the hours following the Coinbase announcement, resulting in 40% growth overnight. Coinbase is now accepting inbound …