Bitcoin, the world’s largest cryptocurrency, after much prevarication, finally breached the $16,000-mark across some major crypto-exchanges. In the last hour alone, Bitcoin hiked by over 1.5%, with the cryptocurrency gaining by over $150 on the charts. Additionally, BTC was up by 4% and 11% on the daily and weekly timeframes, respectively. Source: BTC/USD on TradingView...Read More
Bit Digital, a NASDAQ-listed Bitcoin mining company headquartered in New York, has entered into several asset purchase agreements to acquire $13,903,088 worth of Bitcoin miners with a total hash power capacity of 1,000 Ph/s. The agreements also involve an offering of 4,344,711 ordinary shares at a price of $3.20 per share. After this transaction closes,...Read More
Brad Garlinghouse believes that bitcoin holding companies will soon be affected by new policies from the Biden-led administration. Bitcoin Will be Subject to Climate Change Management Policies According to a tweet on Monday (November 9, 2020), Ripple CEO Brad Garlinghouse has envisaged that Bitcoin holding companies might come under scrutiny once the Biden admin begins...Read More
In an official announcement, cryptocurrency exchange Binance, said it has offered the promised bounty of $200,000 to certain private investigators, who remain unnamed, for compiling a report that identified one of the alleged attackers and provided information on the specifics of the attack. Earlier, the exchange had decided to reward anyone who “supplies information that...Read More
Bitcoin continues its positive price development as it just managed to take yet another coveted milestone – the $16,000 mark. With this most recent increase, bitcoin’s price has increased by as much as 325% from the lows that it encountered back in March 2020 as the COVID19 pandemic was announced. It’s worth noting that this...Read More
Trading currently at $15,400, bitcoin isn’t a long way from its recent top; in fact, it is in consolidation and the price might soon make or break. Identifying this make or break could allow one to profit; however, that comes after identifying the direction of the breakout. This article tries to do just that by...Read More
China Construction Bank Corporation which is one of the “big four” banks in the People’s Republic of China is reportedly launching the sale of $3 billion worth of debt on a blockchain. The digital bonds can be bought for US dollars or bitcoin and will be listed on a regulated Malaysian digital asset exchange. However,...Read More
MicroStrategy’s Michael Saylor has been in the news since MicroStrategy’s purchase of $500 Million worth of Bitcoin, right off of the company’s balance sheet. The spotlight on crypto Twitter has been on Michael Saylor and recently he tweeted about the debate between Bitcoin and Gold and how one would end the other, his choice of...Read More
At the moment, analyzing Bitcoin’s price chart is like taking aim in the dark. It is an unfamiliar trading range and it was last witnessed during January 2018. With the current market being extremely bullish over the last month, correction still awaits BTC’s market hence we will analyzing a couple of scenarios that may play...Read More
One of China’s biggest banks is selling $3 billion worth of bonds to investors. The offering allows clients to make purchases with cash and Bitcoin. Raising $3 billion From A Bonds Sale China Construction Bank Corp. aims to raise up to $3 billion from a planned sale of bonds. As per a recent news report, the...Read More
Kraken released it’s August Bitcoin Volatility Report 2 months ago. Then the cryptocurrency exchange sounded supremely confident about BTC registering higher highs as the year ends. In its October version of the same report, Kraken has maintained its bullish stance. November will see bitcoin log much higher price and volatility rallies. Also, BTC might as...Read More
Bitcoin is following the plan like “clockwork” after the third halving, said the creator of the popular stock-to-flow model. He also reaffirmed his belief that the S2FX model is correct, and BTC will trade between $100,000 and $288,000 per coin by the end of 2021. BTC Moving Like Clockwork The stock-to-flow model and its variations...Read More
Bitcoin, Ethereum, and the entire crypto market seem to have stabilized for now. Bitcoin’s price has found a footing and everything is fine. As for the projects and the companies built in this ecosystem, it is a whole other thing; to be precise, there seems to be a dichotomy. Crypto’s Dichotomy As of this writing,...Read More
Cory Bernardi, an Australian politician, recently said that he became a bitcoin faithful in the last few years and he believes BTC demand is getting stronger. Bitcoin continues to find its way to the heart of mainstream politics across the world as former Australian Senator Cory Bernardi reveals today in a tweet that he has...Read More
Asset managers are riddled with low-yield fixed-income allocations, however, they are constituents of most portfolios. The role of fixed-income allocations is to deliver consistent returns, though the overall impact on the portfolio’s ROI is low. To improve this ROI, some fund managers turned to Bitcoin for exposing their funds to a higher risk-adjusted return. Traditionally...Read More
It has been 4 days since bitcoin came close to taking out the $16,000 level. While it seems like the price is done and it won’t push any further, it isn’t and a metric that considers the mean exchange inflow has lit up the “buy” signal. Source: CryptoQuant Crypto Quant’s CEO Ki Young Ju tweeted,...Read More
With recent announcements of the COVID-19 vaccine, new momentum was unleashed for Bitcoin on spot exchanges. Gold took a hit, and the increasing BTC-Gold correlation spread was a relief for most retail and institutional traders. New demand for BTC was generated, as the news spread and to meet this demand, miners flow to exchanges has...Read More
A popular Bitcoin analyst and trader pointed out that Bitcoin has historically headed towards massive price surges once it closed higher than the previous monthly high. As a result, BTC could face up to a 1,000% price pump soon if it closes November at or above its current price. BTC To Pump By 1,000% Soon?...Read More
A former Microsoft software engineer found guilty earlier this year has been sentenced to nine years in prison for stealing more than $10 million in Bitcoin. The 26-year old Ukrainian used accounts and passwords of other employees and the services of various Bitcoin mixers. Nine Years In Prison For Stealing $10M In BTC As reported...Read More
Plan B is sticking to his S2F model based prediction of $100k-$288k before December 2021. Despite several updates and announcements on the regulatory and institutional front, he stands by the $100k. Though there are several Bitcoin Maximalists on Crypto Twitter calling for Bitcoin $100k by end of 2020, PlanB stands out with his prediction because...Read More
A PayPal related cryptocurrency scam caught the attention of Northumbria Police who issued a warning today especially to all PayPal users. In its notice, the police warned: A message for all PayPal users. Please read the below cyber advice regarding fake cryptocurrency from a fake Paypal email address that is circulating. The police urged those...Read More
It’s another bigshot score on the store of value front for Bitcoin. Billionaire hedge fund investor Stanley Druckenmiller just admitted holding BTC on national television in an interview with CNBC. The bigshot money manager also has positions in gold, but he is considerably bullish on the world’s first cryptocurrency. “If the gold bet works, the...Read More
ETC Group’s Bitcoin exchange-traded crypto has become the first cryptocurrency exchange-traded product (ETP) that boasts $100 million in assets under management since its launch in late June, according to ETF Stream. CEO of ETC Group, Bradley Duke, said that by reaching the $100m AUM milestone in just over four months, the Group feels that the...Read More
The most recent Bitcoin rally was good, even though we did not hit $16,000 or go beyond it. This was a much-needed pump after the much-anticipated Bitcoin halving and the Black Thursday crash back in March. However, an interesting takeaway from the rally, if one were to look closer, was the identity of who helped...Read More
With Bitcoin’s price rallying, altcoins that are strongly correlated to the world’s largest cryptocurrency are set to benefit immensely from it. However, one unusual category of projects, DeFi, may benefit from Bitcoin’s rally too, despite its top projects being inversely correlated with Bitcoin. Correlation of cryptocurrency projects with BTC || Source: Cryptowatch Based on data...Read More
Volatility is undoubtedly back within the crypto markets. Over the past few hours, Bitcoin gained about $600 and lost them almost immediately. This happens as one of the world’s largest drugmakers, Pfizer, said that its COVID19 vaccine has been positive in over 90% of the trial cases. Bitcoin Pumps and Dumps $600 In Hours The...Read More
Data from the on-chain analytics resource Glassnode indicates that Bitcoin miners have sent sizeable BTC portions to exchanges in the past 24 hours. With the asset price hovering above $15,500, the question remains if they are to cash out profits and possibly drive Bitcoin south. Miners Send BTC To Exchanges Implies A Price Dip? Bitcoin...Read More
In what is a surprising development, Professor Nouriel Roubini, dubbed ‘Dr. Doom’ by many in the crypto-community because of his skeptical remarks about Bitcoin and cryptocurrencies, seems to have softened his stance on Bitcoin. During a recent interview, Roubini said that Bitcoin can be considered a partial store of value because it cannot easily be...Read More
As the dust settles from one of the most tumultuous and divisive elections in recent history, crypto asset traders and analysts are looking for positives from the newly elected government and its leaders. America’s next leader for the coming four years, Joe Biden, has commented very little on cryptocurrencies, but that appears to be preferable...Read More
Every dollar increase in Bitcoin’s price is a testament to its worth in the cryptocurrency pie. Despite there being over 2000 coins in the market, Bitcoin’s undeniable importance is underlined by its share in the entire coin market. According to the October report from cryptocurrency data analytics company CoinGecko, among the top cryptocurrencies by market...Read More
