(Reuters) -The U.S. Energy Information Administration (EIA) will begin tracking electricity consumption by cryptocurrency mining companies operating in the United States, the agency said on Wednesday. Starting next week, the EIA will begin a survey of select bitcoin miners, which will be required to respond with their energy use details, as part of an emergency collection of data request authorized by the Office of Management and Budget on Jan. 26. "We will specifically focus on how the energy demand for cryptocurrency mining is evolving, identify geographic areas of high growth, and quantify the sources of electricity used to meet cryptocurrency mining demand," EIA Administrator Joe DeCarolis said in a statement.

The non-fungible token market continues showcasing strong resilience amid the recent short-bear market. The recent NFT market downturn started a few weeks ago after Bitcoin [...]

JP Morgan analysts said that markets seem overly optimistic about FED interest rate cuts and explained the reason for the rise in Bitcoin. Continue Reading: JP Morgan Analysts Said "Markets Are Too Optimistic About Interest Rate Cuts" and Explained the Reason for Bitcoin's Rise i...

The European Commission's latest report might signal a storm brewing for Bitcoin miners in the EU. On January 31, the Commission tagged Bitcoin as harmful to the environment and a potential risk to the region's energy security. These assertions could lead to significant regulator...

Astrophysicist Giovani Santasi's BTC Scaling Law has garnered significant attention recently.

In a significant market development, Bitcoin (BTC) miners have triggered the largest selling wave since May 2023, moving over $173 million worth of BTC tokens to spot exchanges. This activity was marked by a substantial increase in the flow of BTC from miner wallets to exchanges,...

The Bitcoin price has dropped 1.5% in the last 24 hours to trade at $42,732 as of 05:30 a.m. EST on trading volume that rose 1.3% to $23 billion.The slight BTC price decrease comes as The Flow Horse, a pseudonymous trader on X, tells...

Ethereum cofounder Vitalik Buterin reflects on Bitcoin's roots and charts course for Ethereum's broader impact in birthday essay

Ethereum cofounder Vitalik Buterin reflects on Bitcoin's roots and charts course for Ethereum's broader impact in birthday essay

Major Bitcoin proponent Samson Mow has issued a bullish Bitcoin statement to the crypto community

This innovative service provides a straightforward and efficient way for Americans to invest in Bitcoin through their regular income. Here’s how users can take advantage of this new Bitcoin feature within the Strike app. You need to: 1) Access Your Profile The first step to start...

Announcing his end-of-month evaluations of Bitcoin and altcoins, Markus Thielen said that investors should balance their crypto portfolios. Continue Reading: The Analyst Who Expected a Rise in Bitcoin for Two Months Announced the Altcoins He Selected for His Ideal Investment Port...

'$1 Million Bitcoin' Samson Mow Slams 'Fake Satoshi' Craig Wright in Court Setback

Major Bitcoin proponent Samson Mow has made a crucial Bitcoin statement to the crypto community

This Viral Bitcoin Post on Reddit Might Cause Some Serious Delusion

Bitcoin (BTC) Welcomes First Big Breakthrough Above $41,000

The crypto market is navigating a landscape of high volatility right now. Price projections are positive, with analysts and investors optimistic about the ETF approvals. [...]

VortexAI: Upscales Crypto Trading Using AI

With about $21 billion in assets, Grayscale still dominates the Bitcoin ETF landscape. But for how much longer?

1 The NFT market experienced a decline in the volume of trading sales. 2 Ethereum, Bitcoin, and Solana platforms suffered a sales decline in the past week. 3 Despite declines, the Trump NFT collection represented a hike of 25% in the floor price. The year 2024 doesn’t seem a good...

Bitcoin is poised to record gains for the fifth consecutive month, potentially marking its longest winning streak since the surge in activity during the early days of the pandemic, which was spurred by expansive monetary policies. The preeminent cryptocurrency has seen an approxi...

Word Breeze on iOS and Android presents a familiar premise, but it’s entertaining and pays out Bitcoin rewards. Should you play it?

Following the successful launch of U.S. spot bitcoin ETFs, Bitfinex anticipates high demand for regulated digital asset investment vehicles.

These factors support a bullish outlook for bitcoin in 2024.

Franklin’s head of digital assets talks bitcoin and crypto.

The Federal Reserve will hold its first “interest rate” meeting of 2024, and the finance market expects an increase. Bitcoin’s (BTC) recent price action reflects these expectations, which historically caused BTC to drop in value.Notably,...

Popular analyst Ali Martinez stated that Bitcoin (BTC) indicates a strong recovery potential. Continue Reading: New Bitcoin Forecast from a Successful Analyst: "If History Repeats, BTC Has Upside Potential in the Short Term!"

The ETF provider becomes the first to withdraw its application for a U.S. spot Bitcoin ETF since multiple funds were approved in January.

Post-ETF era challenges! Here's what some are saying in light of the latest market performance post the ETF hype dying down...

$1 Million Bitcoin Advocate Samson Mow Names Key BTC Price Indicators

Jim Cramer Might Be Behind Bitcoin's Latest Correction, Here's How

Arthur Hayes Predicts Crucial Bitcoin (BTC) Bottom to Watch

The launch of Bitcoin (BTC) spot exchange-traded funds (ETFs) in the United States has impacted investor demand for Bitcoin futures, leading to a decline in open interest. Data compiled by Bloomberg reveals that open interest in CME Group Bitcoin futures contracts dropped by appr...

German authorities reportedly seized 50,000 bitcoins, worth around $2.17 billion. This is the largest crypto seizure in Germany, and it marks a significant development in the ongoing fight against cybercrime. The seizure is linked to the operation of a piracy website in 2013, whi...

The post Bitcoin Enters the Buy Zone: Will This Bring the BTC Monthly Trade Above $43,000 or Down to $42,500? appeared first on Coinpedia Fintech News After maintaining an upward trajectory for a couple of days, Bitcoin is undergoing a price squeeze as it approaches $42,500. The ...

The post Ripple Poised for Growth as US Banks Embrace XRP; InQubeta’s Presale Enthusiasm Peaks appeared first on Coinpedia Fintech News The recent SEC decision on Bitcoin ETFs was a significant turning point in cryptocurrencies’ establishment. Ripple (XRP), a leading platform in ...

The launch of spot ETFs in the United States has impacted investor demand for Bitcoin futures, leading to a decline in CME's open interest. 

Top-ranking executive at major fund manager VanEck believes that 'new era' for Bitcoin as asset has arrived

The Argentinian government has drafted a bill that seeks to drop crypto tax opportunities for undeclared assets. These tax windows significantly reduce fees for undisclosed assets at the moment. The government led by pro-Bitcoin President Javier Milei pushed a bill titled “Law of...

Samson Mow Justifies Bitcoin (BTC) Price With $1 Million Gameplan

Top-ranking executive at major fund manager VanEck believes that 'new era' for Bitcoin as asset has arrived

Venture capitalist Tim Draper has once more attributed the failure of Bitcoin to reach his $250,000 price target to the actions of the US government. He originally predicted Bitcoin would hit $250,000 by 2022. But he now expects it to happen by 2025. Draper admitted in a recent B...

George Osborne will advise Coinbase going forward and is optimistic about blockchain usage in finance.

Developers of THORChain have unveiled a community proposal to burn around $300 million worth of RUNE tokens to boost lending activity.

Tim Draper has once more attributed the failure of Bitcoin to reach his $250,000 price target to the actions of the US government.

XRP, Bitcoin and Ethereum Eye Unusual Transfer Activity Worth Millions

Banking Giant Citigroup Says The Launch of ETFs May Not Affect Bitcoin Like It Affects Gold Continue Reading: Banking Giant Citigroup Compared Gold and Bitcoin ETFs: Will Similar Processes Occur? Here are the Details

Jan 31, 2024 at 06:20 // Price AuthorCoin Idol Bitcoin (BTC) is now trading above the moving average lines after a price rise on January 29. Bitcoin price Analysis by Coinidol.com. Long-term forecast for the Bitcoin price:...