A cryptocurrency trader based in Australia filed a complaint against two local banks in the region for systematic discrimination practices after these entities allegedly closed his bank accounts without issuing any warning. The trader named Allan Flynn has filed for proceedings against commercial banks ANZ and Westpac and wants compensation of about $192,000. Flynn claimed...Read More
In 2020, quite a few radical shifts in trend took place in the cryptocurrency industry. While Bitcoin managed to witness another all-time high in December, Q1 of 2020 also saw Bitcoin drop down to the $4000 level. During that time, Bitmex faced an infamous DDoS attack, which led to a significant loss for a group...Read More
Bitcoin has to endure and overcome the $40,000 boundary in order to avoid a consequent major price correction. JPMorgan strategists say that otherwise, the major cryptocurrency might suffer investment outflow. The $40K Is the Key to Future Prospects for BTC According to a JPMorgan Chase & Co report, cited by Bloomberg, this level is an...Read More
Bitcoin price seems ready for a drop leading to increased volatility and a revisit of $30,000 or a drop of 10% to 12% cannot be ruled out. Not just one but many indicators point to the bearish drop for bitcoin in the near term. Bitcoin on-chain indicator The SOPR indicator is a classic on-chain indicator...Read More
Iranian authorities have confiscated 45,000 bitcoin mining rigs that used subsidized electricity to mine the cryptocurrency. This is yet another considerable seizure in the Middle East country, which has experienced frequent blackouts that the government blamed on BTC mining. 45,000 BTC Mining Machines Confiscated In Iran Local media outlets reported that the police had seized...Read More
The 2021 bull run of Bitcoin has pushed the digital asset to an unknown territory with regard to price discovery. The current value of the digital asset has been dropping and reached $35k which is still a price level unseen during the previous bull run. There has been a consensus in the market that this...Read More
The support of top payment giants like PayPal is promising for building the case of mainstream Bitcoin payments. However, Bitcoin’s rapidly increasing price in the USD poses a tough challenge for the adoption of Bitcoin denominated payment systems. A number of altcoins are rallying alongside Bitcoin, and making payments in cryptocurrencies may not be the...Read More
After an action-packed week, Bitcoin is trading at $35468 after having endured a flash crash. However, the price action left traders asking why the flash crash in Bitcoin took place? Also, does this mean the rally is over and it was over-extended? As per the data, there may have been excessive speculation in Bitcoin’s price,...Read More
The cryptocurrency market has enjoyed the past several months with impressive gains, including all-time highs for bitcoin and several more tokens. As such, a couple of crypto analysts initiated Twitter polls to ask the community when they plan to sell their positions and realize profits. How Much Would You Sell At The Next BTC Top...Read More
The latest headlines are filled with posts about Bitcoin’s halving and its impact on Bitcoin’s price. These are popular facts and repeated several times as arguments for Bitcoin’s recent price rally. The repetition may have become so cruel, that memes on these facts are doing the rounds on Crypto Twitter. But the real question one...Read More
Bitcoin’s price was stumbling to lower levels after it hit an all-time high of $42k. The largest digital asset managed to retrace its steps to $38k recently, before witnessing another fall. However, this time around, this drop in price was an opportunity for the institutions to bag even more BTC. Grayscale has been one such...Read More
The demand and supply have been holding up the economics of traditional finance and the crypto market has also been abiding by it. Bitcoin, which managed to return over 300% in 2020, has been recognized as a store of value by many investors as they continue to include a high number of Bitcoin in their...Read More
Neither Bitcoin nor any of the market’s popular altcoins are the best bets to yield maximum returns. Yes, Bitcoin has more than tripled in the last year and yes, it is expected to do something similar over the next bull run, but it won’t do as much as the backbone of the Bitcoin industry –...Read More
The comparison between Bitcoin and Gold is as mainstream as Bitcoin itself. However, despite the decoupling of the two assets, the group of interested and active investors in both is nearly the same and there is an overlap. In fact, traders and analysts on Crypto-Twitter have been going on about the two assets for over...Read More
The ongoing Bitcoin price rally has most traders stopping and staring at their portfolios, refreshing their windows every few minutes to capture the unrealized profit/loss. Understandably, the thrill of the price rally is accompanied by the fear of losing out on unrealized profits. With Bitcoin’s price dropping over the past few trading sessions, several wallets...Read More
Mike Novogratz’s Galaxy is planning a significant leap into the Bitcoin mining sector. Galaxy Digital Mining will be the designated new fraction of the investment company. The upcoming project will reportedly focus on establishing a new business body aimed at providing financial services for miners. Delivering Financial Services to Miners According to an official press release,...Read More
With Bitcoin emerging as one of the best-performing asset classes over the past 365 days, many financial institutions and investors have changed their tune on crypto, with some making sizeable allocations to Bitcoin and other crypto-assets. Despite a radical change in mainstream attitudes towards Bitcoin, there are still some traditional financial institutions that have a...Read More
While most had high expectations from the crypto-market for the year 2021, it’s safe to say that the market has well and truly exceeded these expectations. Not only did the world’s largest cryptocurrency, Bitcoin, breach the $40,000-mark, but the industry’s cumulative market cap also went past $1 trillion. Source: CoinMarketCap The market and its largest...Read More
Nearly $5 billion in bitcoin could make their way back to Mt. Gox users following a deal between creditors and CoinLab. Nevertheless, the agreement is still reportedly subject to creditor acceptance. Bloomberg reporter Matt Leising offered a brief explanation of the story earlier today, noting that CoinLab has reached a deal with Mt. Gox creditors...Read More
This week was very intensive in the cryptocurrency market. It’s perhaps safe to say that it was among the most tumultuous ones we’ve had in the last few months. Everything started calmly, and during the weekend, the price hit an all-time high value of $42,000. The excitement was short-lived, as immediately after that, bitcoin went...Read More
Bitcoin’s rally to its latest ATH in the first week of January may have made the headlines, but what’s in it for your portfolio? Let’s go further – The burning question is, what is the role of HODLers in this bull run and how do they influence the returns on your portfolio? Do they influence...Read More
Blockchain intelligence firm Chainalysis has tracked simultaneous Bitcoin (BTC) donations to wallets associated with right-wing extremist groups in the U.S., which might have helped fund the recent riot at the U.S. Capitol. The news marks yet another pivot towards pseudonymous money transfer means by alt-right groups in the U.S. Alt-Right Agitators Received $500K in Bitcoin...Read More
Bitcoin has been in the news a lot lately, mostly due to its exponential price performance over the past few weeks. However, at the time of writing, BTC was trading at a level that was nearly 8% lower than its ATH of $41,941, based on data from CoinMarketCap. While BTC has repeatedly attempted to breach...Read More
“We want to be one of the most crypto-forward and technological cities in the country,” Miami’s Mayor Francis Suarez told Fox Business in a recent interview, with the government official the latest to jump onto the cryptocurrency market’s bandwagon. However, that wasn’t all as Suarez also went on to explain how the city is looking...Read More
In what is a fairly troubling development, reports have revealed that days before an angry alt-right mob stormed Capitol Hill, many of its activists received payments in Bitcoins. On 8 December, 22 different virtual wallets received a simultaneous transfer of 28.15 Bitcoins, which was worth $500,000 at the time. According to the aforementioned reports, most...Read More
This has resulted in the renewal of six-figure price predictions for this market cycle, with some suggesting a top of $300,000 this time around. At the time of writing, Bitcoin was trading at $37,900 after reaching an intraday high of $40,000 according to Tradingview.com. The asset had started to fall back during the Asian trading...Read More
Not long after the President of European Central Bank called Bitcoin a “highly speculative asset” and that it was used to conduct money laundering, Mike Novogratz took to Twitter to criticize the official’s statement about Bitcoin. The Galaxy Digital founder pointed out that over the years, several major banks in Europe had been fined...Read More
Winklevoss twins Cameron and Tyler are thinking about taking their crypto exchange Gemini public. However, the cofounders of the New York-based regulated exchange clarified that they have not finalized the decision of having an initial public offering, yet. President of Gemini, Cameron Winklevoss said in a recent interview that the company would remain open to...Read More
The dropping Bitcoin reserves led to the rally of 2021, breaking the previous ATH and hitting a new high above $41000 level. Bitcoin reserves started dropping in October 2020 and continued well into 2021. When the price crossed $30000, reserves increased to an extent before dropping again. Currently, as the price is above $38000, BTC...Read More
Bitcoin has most certainly garnered mainstream attention and this time it is in a good way. More than that, BTC’s adoption has soared through the roof, especially due to the largescale entry of institutional funds. BTC enthusiasts have always used “Bitcoin is better than gold” as a sales pitch but now, institutions have too. Sharing...Read More
