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Why Bitcoin And Governments Will Always Be At War

  In case you didn’t notice. Bitcoin is having a resurgence. At the time of writing, its value has surpassed USD$57,000. Citi Bank has projected the digital currency could reach as high as  $318,000 by the end of 2021 . While analysts are still trying to pin down the true causes of Bitcoin’s bounce-back within supply and demand, it appears financial institutions and regulators have grown more comfortable with the coexistence of fiat and digital currencies since 2018. Thanks in part to improvements in anti-money laundering (AML), know your customer (KYC), and know your transaction (KYT) for digital wallets. It is still difficult to know if governments and Bitcoin could have a productive future together. To understand this, it’s important to go back in time and explore the origins of Bitcoin’s revolutionary technology. The wild west In 2018, the world’s most famous crypto-currency tanked in value over the course of a few months. For many people, Bitcoin’s temporary demise resemb...
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Why Bitcoin Can Likely Break High in the Coming Weeks

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  Though market Indicators suggest limited upsides towards $40,000 price levels as resistance remains strong, amid reports that some leading multinational banks have plans on issuing Crypto brokerage services to their high-net-worth clients coupled with Google recently lifting a ban on Crypto ads. It’s important to observe the Crypto-verse is still having some anxious moments with many investors’ minds wondering if the brief bearish market trend will resume on the account of the record sell-offs recorded few weeks ago, yet data reports that show the  Bitcoin market  is presently in a re-accumulation phase. Data retrieved from Glassnode reveal long-term investors spending patterns appear unaffected by the record sell-offs seen in the month of May coupled with the fact that the rapid price swings of their spending volumes had actually decreased suggesting this type of investors are generally unwilling to liquidate Bitcoin at its present price levels. However short-term hold...
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How Much Energy Does Bitcoin Actually Consume?

How much energy does an industry deserve to consume? Right now, organizations around the world are facing pressure to limit the consumption of non-renewable energy sources and the emission of carbon into the atmosphere. But figuring out how much consumption is too much is a complex question that’s intertwined with debates around our priorities as a society. The calculation of which goods and services are “worth” spending these resources on, after all, is really a question of values. As cryptocurrencies, and Bitcoin in particular, have grown in prominence, energy use has become the latest flashpoint in the larger conversation about what, and who, digital currencies are really good for. On the face of it, the question about energy use is a fair one. According to the Cambridge Center for Alternative Finance (CCAF),  Bitcoin currently consumes  around 110 Terawatt Hours per year — 0.55% of global electricity production, or roughly equivalent to the annual energy dra...
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