Bitcoin in recent times is making some strong calculated moves that are working out. As the price is ranging high steadily despite some of the minor pullbacks which is short-lived. Advertisement The last fortnight witnessed a rise in the buying volume and hence the BTC price is planning its next plot accordingly. However, crucial zones...Read More
Minnesota Representative, a longstanding crypto supporter, might become the first U.S. Congressman to take his salary in Bitcoin. Rep Emmer to Be Paid in BTC? In a recent podcast interview with popular BTC bull Anthony Pompliano, Rep. Tom Emmer (R-MN) noted that he would take a portion of his salary in Bitcoin. The host asked...Read More
A large chunk of the bitcoins stolen from the infamous 2016 Bitfinex hack was moved by the hackers to an unknown wallet earlier today. Bitfinex 2016 Hacked Funds on the Move According to data from the live cryptocurrency transactions monitor Whale Alert, the hackers have moved over 64,000 BTC in 21 separate transactions. The first...Read More
Fidelity Digital Assets (FDA), the digital asset arm of leading asset manager Fidelity Investments, said in its report that Bitcoin is a superior form of money compared to other digital currencies. New Investors Should Consider Bitcoin In a 26-page report published by the digital asset arm of Fidelity, new investors seeking to gain exposure to...Read More
On Jan. 31, El Salvador Treasury Minister Alejandro Zelaya indignantly said that “no international organization is going to make us do anything, anything at all.” He said that Bitcoin was an issue of sovereignty, adding: “Countries are sovereign nations and they take sovereign decisions about public policy,” The comments and critique continued with Mr. Zelaya...Read More
The NASDAQ-listed software giant will have a two-day virtual event to educate large businesses about the merits coming from putting BTC on their balance sheets and many more initiatives related to the cryptocurrency. Michael Saylor, MicroStrategy’s CEO and a prominent bitcoin bull, announced the event on his Twitter account on Sunday, informing that it will...Read More
A state senator has introduced a bill in Arizona that seeks to make bitcoin a legal tender. Although the US federal law doesn’t allow the states to create their currencies, the bill may spark an interesting discussion. State Senator Wendy Rogers, a Republican, has moved a draft bill numbered SB 1341 that seeks to accord bitcoin...Read More
The Bitcoin price is showcasing extreme low volatility since the early trading hours with a reduced trading volume. The prices are rising despite a drop in the volume which is not good for the healthy rally. As the sellers may suddenly jump in to drag the price towards the south as buyers are currently not...Read More
An anonymous UK resident reportedly parted with nearly $200,000 of his savings after a woman he messaged in a dating app conned him. The man admitted he felt so desperate after the scam that he considered taking his life. ‘In The Blink of an Eye, Everything Was Gone’ According to a recent coverage by BBC,...Read More
According to analysts at the multinational investment bank Goldman Sachs, the growing mainstream acceptance might not result in higher prices for digital assets. Instead, the institution opined that the USD value of bitcoin and the altcoins correlate with inflation and other economic events. Bitcoin May Not Go Up Due to Adoption Many experts predict that...Read More
The NFT space quickly jumps high as soon as the traditional cryptos showcase a notable jump. As the Bitcoin and Ethereum price rebounds from the consolidation, the NFTs also absorbed a notable bullish momentum and rallied high. Among them, the Decentraland(MANA) ranged more than 6% and also showcased a huge tendency to range high towards...Read More
According to data from IntoTheBlock, addresses holding BTC for less than a month decreased their supply as bitcoin slid by $10,000 in less than a week. Bitcoin went through one of its worst corrections in terms of its USD value in the past few weeks. The asset traded above $43,500 on January 20th before it...Read More
The Bitcoin price has finally returned to the level where further downside risk is minimal. The flagship asset appears to conclude the week on a bullish note after strengthening around $36k throughout the week. Especially, the Hash rate, number of long–term holders, exchange reserves, and market trends are likely to flip the bearish divergence amidst...Read More
Last week’s price drop in bitcoin resonated throughout the crypto market, with top cryptocurrencies continuing to lose ground. The general market recovered slightly as well, albeit the price increase slowed considerably on Thursday. Advertisement BTC is up 1.9% at $37K level, ETH is also around $2.5K. All of the other tokens on the chart too...Read More
Customers of U.S. financial service provider Five Star Bank will soon be able to securely buy and invest in bitcoin (BTC) directly from their bank accounts thanks to a partnership with NYDIG. Five Star Bank to Offer Bitcoin Trading Services New York Digital Investment Group (NYDIG) has struck a partnership with American-based Five Star Bank...Read More
Christophe De Beukelaer, a Brussels Member of Parliament, has decided to follow the example set out by two US mayors and convert his salary to BTC. However, he will take it up a notch by having his entire 2022 income in the form of the primary cryptocurrency. According to a recent media coverage, Christophe De...Read More
Bitcoin price uptrend was halted near $39,000 after the Federal Reserve announced it will increase the interest rates in March this year. The altcoins, which were also heading north, dropped following the path of flagship currency Advertisement Cathie Wood’s ARK Invest has made an incredible prediction for Bitcoin and Ethereum prices. Bitcoin may reach a...Read More
The crypto globe is fast approaching a major economic event which is expected to turn tables for economic markets. That includes equity and crypto markets, and the assets incorporated in the directories. The FOMC meeting and the concerned implications have been a growing concern for the fraternity. Advertisement Amidst the concerns of the FED’s amendments,...Read More
Arthur Hayes – co-founder of BitMEX – just gave an interesting Bitcoin price forecast in his bi-weekly analysis. Despite his expectations that the Federal Reserve won’t raise interest rates, he still doubts Bitcoin’s bottom will arrive until a $28,500 retest. Calling the Fed’s Bluff In BitMEX’s latest post from Crypto Trader Digest titled “Bottomless,” the...Read More
A research team of the American investment management firm ARK Invest envisioned a highly optimistic future for bitcoin. According to them, the price of a single coin could surpass $1,000,000, and the asset’s market capitalization might reach $28.5 trillion by 2030. Bitcoin to Peak at Over $1 Million The Nasdaq-listed company ARK Invest, led by...Read More
Individuals have been turning to small USB-based mining rigs, and some have been hitting the jackpot. These tiny miners have been growing in popularity, and solo mining pools have sprouted up to cater to the increasing number of individuals getting back into Bitcoin mining. According to a computer hardware outlet, Tom’s Hardware, one miner recently...Read More
The International Monetary Fund (IMF) recently urged El Salvadoran authorities to remove Bitcoin’s legal tender status. They called it a threat to market integrity, financial stability, and consumer protection. Criticizing the Bitcoin Law The IMF publicly revealed its warning in a website statement earlier today, after concluding its Article IV consultation with El Salvador on...Read More
Bitcoin being the most dominant crypto in the entire space, its price trend is closely watched out. Only for the reason that most of the assets closely follow the BTC price trend and surge or plunge along with its variations. Advertisement Eventually, the second largest crypto Ethereum also follows the same trend and hence the...Read More
It’s been less than half a year since El Salvador’s bitcoin experiment began. So far, though, it’s not going as well as the small Central American nation has hoped, at least in terms of its investments in the cryptocurrency. El Salvador’s Historic Bitcoin Endeavor It’s safe to say that El Salvador and its president Nayib...Read More
Bitcoin price has undergone a roller-coaster ride with huge price fluctuations. While during the previous day’s trade the price did try to hit above $37,500 yet ended up plunging below $33,000. However, the BTC price was successful to close the day’s trade above $36,700. And this bullish close ignited the asset to yet again hit...Read More
The American businessman and author – Robert Kiyosaki – is not concerned about the recent price drop in the cryptocurrency market. He described bitcoin’s plunge as “great news” and vowed to increase his exposure to the asset should its USD value dip to $20,000. ‘Profits Are Made When You Buy’ The 74-year-old Kiyosaki, best known...Read More
With a record break sell-off over the past week, the total market cap of the crypto-verse has plummeted to a six-month low at $1.63 trillion. If it loses the current support, then it would deep dive to $1.191 trillion. Especially, Bitcoin has lost most of it, around $350 billion in market cap in just a...Read More
The largest e-commerce firm in Latin America – Mercado Libre – acquired shares in the 2TM Group (a parent company of the cryptocurrency platform Mercado Bitcoin). Separately, it made a “strategic investment” in another digital asset-oriented organization Paxos. Jumping into Crypto Once Again The leading Argentinean e-commerce platform Mercado Libre, which has displayed a pro-crypto...Read More
El Salvador’s president – Nayib Bukele – was recently worried that his country missed out on buying cheaper bitcoin. However, the latest dipped allowed the nation to accumulate 410 more BTC. The small Central American country made history last year when it became the first nation to adopt the primary cryptocurrency as legal tender inside...Read More
Traders have been tired of buying the dip over the past couple of months, yet most of the cryptocurrencies are not in a mood to find their grounds. The severe crypto crash on Thursday wiped out over $40 billion in market cap in just 48 hours. Veterans across the space are pondering over the weakening...Read More
