Bitcoin News and Finance: What You Need to Know

On December 31, the software community founded in 1998, Mozilla, announced it was accepting crypto-asset donations via Bitpay. However, shortly after the announcement, a number of people complained about the decision the company made. A week later, Mozilla has announced it is backing away from digital currency acceptance for now and has “paused the ability to donate cryptocurrency.” Mozilla Revealed Crypto Acceptance Last Week and Quickly Backed Away After Backlash Last week, Mozilla, the current owners of the Gecko layout engine, the Thunderbird email client, and the Firefox web browser revealed it was accepting crypto donations via the payment processor Bitpay. “Dabble in dogecoin? HODLing some bitcoin [and] ethereum? We’re using Bitpay to accept donations in cryptocurrency,” Mozilla tweeted at the time. Mozilla co-founder Jamie Zawinski criticized Mozilla’s crypto acceptance decision immediately after the tweet. “Hi, I’m sure that whoever runs this account has no idea who I am...

While bitcoin, non-fungible token (NFT) assets, ethereum, and cryptocurrencies had an incredible year in 2021, none of the trends made it into Google’s “Year in Search” review. Currently, interest in bitcoin, in terms of Google searches has dropped considerably since the week of May 16th through the 22nd of last year. Search trends for the term “bitcoin” have slid 72% since it scored the highest score of 100 last May to today’s score of 28. Worldwide Search Queries for ‘Bitcoin,’ ‘Ethereum,’ and ‘Cryptocurrency’ Continue to Slide Interest in bitcoin, NFTs, cryptocurrency and ethereum has waned according to Google search trends. Essentially, the web page Google Trends analyzes the popularity of top search queries worldwide and regionally and it scores specific terms and phrases by the number of searches. Last year, crypto-assets like BTC and ETH reached all-time price highs and interest increased a great deal during those specific time frames. Typically, when the price reaches new...

The mayor of New York City, Eric Adams, is not deterred by bitcoin’s volatility, noting that buying the dip could yield “a good profit.” He reiterated that he will receive his first three paychecks in bitcoin and will make New York City the center of blockchain technology. New York Mayor Hints at Buying the Dip The mayor of New York City, Eric Adams, is undeterred by the falling price of bitcoin. A former New York City police captain and Brooklyn borough president, Adams took office on Jan. 1 as the 110th mayor of New York City. He was asked on CNBC Thursday whether he has been paid in bitcoin since he said last year that he will take his first three paychecks in BTC . Commenting on the price of bitcoin this week and how it would have affected his paychecks if he had been paid in the cryptocurrency, the new mayor of New York City laughed and said: Sometimes the best time to buy is when things go down, so when they go back up, you’ve made a good profit. “Yes, I’m going to take...

The price of bitcoin is down 16% over the last 30 days and since the crypto asset’s all-time high (ATH) on November 10, 2021, bitcoin has lost more than 38% since it surpassed $69K per unit that day. Meanwhile, crypto advocates are furiously debating whether this is a bitcoin bear market or if the bull market is still intact. To many observers bitcoin’s current market cycle is not complete, as no solid peak had formed, and speculators still expect another bubble to come to fruition. The Four Phases of the Price Cycle — Bitcoin Traders Debate Cycle Position, Trader Insists ‘Early February Will Be the Move’ Many digital currency traders pay attention to tops and bottoms and the four stages of the market cycle. The stages include the accumulation phase, the uptrend phase, the distribution phase, and the downtrend or capitulation phase. One could say that the accumulation phase took place 666 days ago on March 12, 2020, when the price of bitcoin slipped below the $4K per unit zone. On...

PRESS RELEASE. We work harder every year to increase production of the consumer goods that meet everyone’s needs, but in many parts of the world, water pollution, over-fishing and environmental degradation are making the job increasingly difficult (and dangerous). The world’s population is growing and the oceans are becoming increasingly polluted. Our oceans have become “plastic soups”. In addition, the environmental effects of processing cryptocurrencies, due to the enormous consumption of electricity, have already been reported. For this reason, more environmentally friendly solutions are being sought to reduce the energy impact. Global Innovative Solutions is taking action by launching GSI, the Green Token that helps clean up the planet’s pollution (for real). Global Innovative Solutions: The GREEN revolution The company has undoubtedly distinguished itself from the many projects in the crypto market with an innovative and valuable initiative. GSI finances and develops eco...

Boba Network, an L2 (layer 2) expansion layer for Ethereum, has announced the launch of what it calls “Wagmi” options as a way of incentivizing builders and supporters to be invested in the project. The incentive programs will be distributed amongst different projects on the chain and will be based on various indicators such as active wallets and project-specific total value locked (TVL). Wagmi Options to Serve as Incentives for Building on Boba Boba Network, an optimism-based L2 (layer 2) solution for Ethereum, has announced the launch of an incentives program using Wagmi options. These options, according to the Boba team, will be a different solution from what other chains have tried before. With Wagmi options, which will depend on network parameters such as total value locked (TVL), or specific project developments, the team hopes to keep the momentum going inside of its network. On this, the Boba team explained: Traditional liquidity mining programs are zero-sum: users come ...