Why are Bitcoin traders worried about a 'painful' BTC price dip?

Graphics card giant Nvidia reported "nominal" sales of its crypto mining chips and expects overall revenues to be down in Q2, which drove down its share price. 65 Total views 13 Total shares American graphics card manufacturer Nvidia’s stock price tumbled in after hours trading on Thursday because the revenue outlook for Q2 has fallen…

Winner of landmark auction breaks down his investment thesis on NFTs. 640 Total views 27 Total shares Nonfungible tokens are “ten times better than their physical counterparts”, according to digital art collector MetaKovan.The pseudonymous art patron, who was recently revealed to be blockchain entrepreneur Vingaresh Sundaresan, bought the NFT of Beeple’s “EVERYDAYS: THE FIRST 5000…

Bitcoin’s (BTC) plight in Congress has seen attention focus mainly on naysayers, but this week’s hearing also saw United States politicians accept it was always beyond their control.‘Governments cannot stop this innovation’During testimony on July 17, U.S. Congressman Patrick McHenry, who represents North Carolina’s 10th District, told lawmakers directly that attempts to stop Bitcoin were…

Bitcoin (BTC) traders are currently not pleased with the recent price trends, especially due to the inability of its price to surpass the $30,500 mark over the last four weeks. This frustration is compounded by the fact that several requests for spot Bitcoin exchange-traded funds (ETFs) are either being delayed or pending review from regulators.Interestingly,…

World-renowned futurist Ray Kurzweil says the singularity is coming sooner than expected.

The approval makes it the first North American Bitcoin ETF. 1589 Total views 19 Total shares A Bitcoin exchange traded fund for investment firm Accelerate Financial has been approved in Canada.This makes it the first officially approved Bitcoin ETF in North America after the Ontario Securities Commission gav the green light for the institutional product.The…

Curiosity might have killed the cat, but for musicians, it’s often the launchpad of creativity and innovation. 2023 saw the rapid growth of OpenAI’s powerful ChatGPT artificial intelligence tool, and technologies like Midjourney and Dall-E have provided content creators the ability to literally become a one-man band — or a one-person production studio.Keeping pace with

House Representative Suzan DelBene, introducing the latest iteration of the bill, said the United States needs to "ensure that our tax code evolves with our use of virtual currency." 145 Total views 3 Total shares A bill previously introduced by Washington Representative Suzan DelBene aims to exempt crypto users from paying taxes on transactions under…

Vlad Tenev, Robinhood’s CEO, very much occupied the hot seat in today’s hearing before the House Financial Services Committee over January’s market volatility. None of the representatives seemed particularly interested in putting the screws to Reddit CEO Steve Huffman, and many seemed to give Keith Gill the same props the rest of us did. These aren’t…