Less than a week ago, the influential legacy markets day trader Dave Portnoy, had a meeting with Cameron and Tyler Winklevoss – the founders of Gemini and well-known Bitcoin proponents. Even though he supposedly bought Bitcoin during their meeting, his enthusiasm for the primary cryptocurrency was shortlived. Now, Portnoy openly solicits cryptocurrency pump and dump...Read More
Bitcoin price had been lingering under the $11,900 mark for the past 48 hours, despite another injection of $6 billion entering the global crypto market at that period. In the last hour, however, a sudden surge in buying pressure finally arrived, which assisted in driving prices over the psychological $12,000 resistance for the first time...Read More
The stock-to-flow (S2F) model is the brainchild of crypto analyst going by the twitter handle ‘PlanB.’ It was initially published in March 2019 and examines the relationship between the production of supply and the current stock available, essentially calculating Bitcoin’s value through scarcity. The model has mapped Bitcoin’s price with a high degree of accuracy,...Read More
Bitcoin stays stagnant at around $11,800, as of now, while most large-cap altcoins have calmed down in the past 24 hours. The situation among low-cap alts is radically different. Low-cap Altcoins On The Move Most large-cap alternative coins haven’t shown any significant fluctuations since yesterday. Ethereum is less than 1% down to $425, Ripple (-0.25%)...Read More
It’s no secret that as time goes, more and more professionals from the world of traditional finance are making headway into Bitcoin. Or at least, showing support for investing in the New Gold. The latest amongst the growing list of mainstream supporters is George Ball, ex-CEO of the insurance giant Prudential. The Former Hater Is...Read More
Although the prominent US investor Warren Buffett has never been a fan of gold in the past, he recently made a sizeable investment in Barrick Gold Corp while reducing his exposure to his favorite sector, banks. Similiar with gold, Buffett has been bashing “the new gold,” Bitcoin, and this raises the question of whether he...Read More
After some minor fluctuations from $11,750 to nearly $12,000, Bitcoin lowered its volatility level and trading around $11,900. Is BTC getting ready to conquer $12K? We will see. At the same time, most altcoins continue to be volatile again with some massive gains from EOS, Yearn Finance (YFI), and Kava and another all-time high from...Read More
Bitcoin went through a significant price surge in the past month, jumping from $9,000 to about $12,000. By heading into five-digit price territory, this 33% increase has many people speculating that the primary cryptocurrency may be too expensive, and the train has left the station. However, looking at Bitcoin’s pre-programmed deflationary mechanism and several macroeconomic...Read More
The leading cryptocurrency asset management company – Grayscale Investments – has recorded its most significant fundraising week in its 7-year history. Interestingly, the massive spike followed a nationwide advertising campaign the company ran in the U.S. Grayscale Commercial Worked As CryptoPotato reported a week ago, the digital asset manager planned to run a widespread advertising...Read More
Bitcoin took yet another swing at $12,000 but to no avail so far, while Ethereum continues climbing to $440. Macrodata reaffirms the ongoing bull trend as almost all top 100 digital assets have been in the green in the past three months. Bitcoin Not Yet Conquering $12k About three days ago, the primary cryptocurrency was...Read More
The UK Metropolitan Police Service (MPS) has arrested a 35-year old woman and seized over $150,000 worth of Bitcoin as part of an investigation into fraudulent applications for government-backed loans for businesses affected by the COVID-19 pandemic. MPS Seized $150K Worth Of BTC The MPS (or Met) announced that the Proactive Money Laundering Team had...Read More
This week was easily one of the most eventful ones in the cryptocurrency field in terms of overall developments, especially in the DeFi sector. Starting with Bitcoin, however, not much changed since last week. BTC price started trading at around $11,800 seven days ago, and it’s currently at roughly the same level. However, this doesn’t...Read More
Bitcoin (BTC) Bitcoin is more or less around the price it was traded a week ago, but this comes after a raging week as the coin plunged to a weekly low around $11,100. Shortly before, Bitcoin made another push towards the current high at $12,100 (1.272 Fib Extension), for the second time in 10 days....Read More
StormX, the blockchain-based rewards platform that helps users earn crypto, has scored a significant coup by onboarding retailing giant Walmart. Having already sealed deals with the likes of Microsoft, Nike, Adidas, eBay, Target, Dell, and Samsung, StormX is taking things up a notch by enabling 4% ‘Cryptoback’ on all Walmart purchases. In fact, shoppers can...Read More
Although gold and Bitcoin are considered similar asset classes because of their maximum supply, that of the precious metal may increase substantially in the following years if Elon Musk’s SpaceX decides to mine gold and other metals from asteroids. While explaining the merits of Bitcoin to the popular Wall Street trader Dave Portnoy, the Winklevoss...Read More
Bitcoin derivatives exchange surprised its users today by asking them to comply with a mandatory ID verification procedure. The 6-month long process will continue until February 12th, 2021. BitMEX will start this ‘User Verification Programme’ on August 28 at 00:00 UTC. BitMEX Asks Users To ‘KYC’ In a blog post published today, the prominent bitcoin...Read More
Bitcoin’s dominance over the market continues to suffer even though BTC has recovered from its dips and trades at $11,750. This is primarily because of numerous impressive alt pumps, including Ethereum, which finally broke above $400 after its significant price surge. Ethereum Over $400, LINK (Another) ATH, Alts Rejoice The second-largest cryptocurrency by market cap...Read More
The US Department of Justice (DOJ) has made its largest seizure of cryptocurrency accounts allegedly belonging and operated by some of the most feared terrorist organizations, namely al-Qaeda, ISIS, and Hamas. DOJ Seizes Cryptocurrency Accounts Operated By Terrorists According to the press release shared by the Justice Department earlier today, US authorities have seized over...Read More
Bitcoin price continues to remain inside the bullish ascending triangle, despite several attempts from bearish traders in the last three days to break through the pattern’s vital up-trending support. On the 4-Hour BTC/USD chart, we can see that bulls have successfully eaten up all 6 of the candles that wicked down beneath the support, but...Read More
One of the most popular supporters of Craig Wright has started filming a documentary aiming to prove that Wright is indeed the creator of Bitcoin. At the same time, Wright said in a recent interview that BTC HODLers are not using the asset properly as he envisioned, and he has returned to “make things right.”...Read More
Coinbase customers in the US will have the opportunity to receive cash loans against their Bitcoin holdings. If approved, the company’s clients might get their loans in two to three days. The Waiting List As per an official recent announcement, Coinbase has set a specially designated waiting list for their customers, who might like to...Read More
Bitcoin has recouped from yesterday’s dip to below $11,200, but most altcoins are significantly outperforming the primary cryptocurrency. Several impressive price increases, including new all-time highs for Chainlink and Tezos, have reduced Bitcoin’s dominance to below 60%. Altcoin Wild-Ride Continues With LINK and XTZ At ATH As CryptoPotato reported yesterday, 24 hours ago, the entire...Read More
Binance has managed to establish itself as one of the most trusted and the leading cryptocurrency exchange in the field. One of the reasons for this is that the company doesn’t stop building new products. From regular listings of new cryptocurrencies to staking, and building new trading features, it appears that there’s always something brewing...Read More
The correlation between the price of gold, silver, and Bitcoin continues. The three assets are moving in a very similar matter, regardless of the direction. Most recently, all three experienced a decline. According to some analysts, gold’s price could be used as an indicator of Bitcoin’s behavior so long as the correlation remains high. On...Read More
Venezuela’s Bolivarian Council of Mayors has signed a new tax agreement in 305 municipalities across the country. Called National Tax Harmonization Agreement, it will allow the nation to raise taxes and sanctions using the nation’s cryptocurrency – the Petro. Cryptocurrency Tax Collection In Venezuela According to the recent local report, the mayor of the Libertador...Read More
Most of the cryptocurrency market is retracing heavily today after a few days of gains. Bitcoin failed to conquer the $12,000 level and has now dropped by $800. Large-cap altcoins follow suit, and the market loses about $20 billion. Bitcoin Drops By $800 The primary cryptocurrency attempted another break above the coveted $12,000 price tag...Read More
MicroStrategy has become the first NASDAQ-listed company to buy Bitcoin as part of its planned capital allocation strategy. Bitcoin is Better than Cash According to an official press release on Tuesday (August 11, 2020), MicroStrategy bought 21,454 BTC at $250 million. The company stated that Bitcoin, which is seen as an investment asset, is the...Read More
Bitcoin’s price is now sharply correcting after failing to close above the psychological $12,000 yesterday. In the last 24hrs, $14 billion has been withdrawn from the market as traders react to the double top that’s now appeared on the 4-hour chart. Bitcoin reached $12,100 yesterday and nine days ago, on August 2nd. As of writing...Read More
Bitcoin couldn’t succeed at conquering $12,000 so far and got rejected. Although many top 10 alts are retracing slightly today, the rest of the market is in the green, including another all-time high from a top 20 coin – Tezos (XTZ). Lower-cap Altcoins And Tezos To The Rise The majority of top 10 coins have...Read More
Bitcoin price continues to breathe the highs, as the coin is currently trading slightly below $12K, following a few days of consolidation between $11,600 and $11,800. However, over the recent hours, we saw Bitcoin’s second attempt to breach the $12,100 resistance, which is the 2020 high from a week ago (August 2nd). Despite a decent...Read More
