Bitcoin This Week: Bitcoin Cash Sees Dramatic Fall, E-Toro Sponsors Football Clubs With BTC And More
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E-Toro Promotes Bitcoin To The Premier League
Seven English Premier League clubs have signed an advertisement deal with investment platform E-Toro and, in a football first, the payment for the deal was made using Bitcoin.
Bitcoin Cash Use Sees Dramatic Fall
The use of Bitcoin Cash on crypto-friendly sites as a method of payment has declined sharply, according to Chainalysis. The Blockchain Analysis firm declared that payments in Bitcoin Cash on platforms such as BitPay and Coinify had fallen from $10 million in March to as little as $3.7 million in May.
Bitcoin Energy Debate All Just Hot Air Says Expert
The debate around Bitcoin’s energy consumption has been “over-simplified” according to an expert in clean energy technology.
US Exchanges Move Toward Self-Regulation Ahead Of ETF
Just days ahead of the SEC’s decision on Proshare’s Bitcoin ETF, four leading US-based crypto exchanges have joined forces to form a working group as “a precursor to the formation of a self-regulatory organization for digital commodities like Bitcoin and Ethereum”.
Markets: Bitcoin Shows Stability
Bitcoin has shown remarkable stability since last week, with prices hovering between $6300 and $6500 for much of the week. It remained steady on Tuesday while most Altcoins experienced 5 to 10% decreases. Bitcoin opened on Sunday at $6422, flirted with breaking out above $6550, but closed at $6506. Monday saw the coin retreat from its $6500 opening, reaching a low of $6297 before closing at $6308. An opening just above $6500 on Tuesday couldn’t be sustained but the losses were slight, closing at $6488. There were signs of a breakout above $6700 on Wednesday with a sharp upward curve taking Bitcoin to $6816 briefly, before steadying at around the $6700 mark.
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