Bitcoin price ever since marked its new ATH close to $70,000 is experiencing quite a tough phase with very little volatility. The profits flow into other altcoins while the volume on Bitcoin is reduced comparatively. And hence, the BTC price was compelled to swing within a very narrow range between $48,000 to $52,000. While most...Read More
In a bid to bring in regulatory clarity and a framework for the issuance of Bitcoin Bond and securities in the cryptocurrency, El Salvador’s finance minister, Alejandro Zelaya, has revealed plans to send approximately 20 bills to Congress. The Ambitious Bitcoin City According to reports, the aforestated bills will encompass regulations about securities issuance and...Read More
The Kosovar government reportedly enforced a ban on cryptocurrency mining in an attempt to curb electricity consumption during the coldest months of the year. The country, like many others in Europe, grapples with an energy crisis caused by the sharp price increase of electricity. Another Country to Halt Crypto Mining The small Balkan state –...Read More
The Bitcoin price for the past long time is hovering between a very narrow range of $45K to $50K. Every attempt of the asset to sustain above $50K is going in vain but also the asset recovers instantly if it falls below $45K. Therefore, considering the current consolidation, many believe the BTC price may undergo...Read More
Banca Generali – an Italian Bank geared towards private banking and wealth management – plans to launch Bitcoin trading services in early 2022. These services will be enabled through an integration with Conio – a Bitcoin wallet/ exchange app. Bitcoin in Italy Financial magazine “We Wealth” provided details on the bank’s new services last month....Read More
Hong Kong’s Bitcoin Association was one of the first to celebrate Genesis Day as Asian markets awoke to begin the first trading week of 2022. The Association also added that it would be a good time to make sure that your Bitcoin is in a wallet that you control, referring to both public and private...Read More
Nayib Bukele, who made history last year by becoming the first President to adopt bitcoin as legal tender, believes two more countries will follow this example in 2022. Additionally, he predicted a price tag of $100,000 for the primary cryptocurrency. It’s safe to say that El Salvador is the most open country in terms of...Read More
Bitcoin price made a swift move to $47,462 after correcting to $45,800 earlier on this day. However, past trends suggest that the flagship asset is likely to replicate the identical rally in 2022. The asset has managed to gain the respective numbers 18%, 7%, 13%, and 36% consecutively in the first month since 2018. A...Read More
MicroStrategy – the company, spearheaded by one of the most popular and prominent Bitcoin permabulls, Michael Saylor – announced today that it had bought another $94 million worth of BTC. MicroStrategy has definitely made a name for itself in the past couple of years when it comes to acquiring BTC. Today, Saylor announced that the...Read More
Rep. Lee Kwang-jae – a member of the ruling Democratic Party in South Korea – is reportedly planning to receive campaign donations in digital assets. He also intends to issue non-fungible tokens (NFTs) as a receipt for such contributions starting from mid-January next year. Crypto to Fuel Political Campaigns According to a December 30 report...Read More
Tesla’s CEO – Elon Musk – opined that digital assets could reduce the error in the money database. In his view, cryptocurrencies are not ideal, but they are “fundamentally better” than any other financial product. The entrepreneur once again claimed that Bitcoin’s main use case is a store of wealth, while Dogecoin is better suited...Read More
Bitcoin price action in 2021 has been more aggressive in contrast to all of its historical performances. Although the asset has been under a bearish trap for over the past two months, gains are still 100% more in contrast to last Christmas. The current situation may be calmer than normal, yet there are incredible chances...Read More
While the crypto space is exploring each and every possible way to get back on track slowly yet steadily, another possible drawback may hover very soon. Just after Bitcoin smashed its highs, it again slides down after recovering a pullback from $64K. The drag was horrific which drain almost 47% of the BTC price slashing...Read More
In 2021, many celebrities across different fields got involved with the cryptocurrency space in various ways. Chess grandmaster Magnus Carlsen competed for the top prize of 1 Bitcoin (approximately $51,000 at the time of writing) in the bullet tournament “Agadmator CakeDeFi Christmas Arena” on the 21st of December. Apart from Carlsen, the 2-hour featured some...Read More
Bitcoin price has yet again come into the spotlight as it manifests a huge tendency of propelling towards the next levels. The asset at once just pierced through the consolidation and began propelling above $50,000. While the $51,000 zone appeared to be pretty clear, yet the bears just jumped in action to extract their profits....Read More
The Crypto fraternity is having a keen look at the current position of Bitcoin to evaluate when the flagship asset would commence with the next bull run. Especially, folks across the space are pretty ecstatic to know the approximate BTC’s price on 31st December. Though there is a possibility of a price death cross, stats...Read More
Mike Novogratz – CEO of Galaxy Investment Partners – recently gave his thoughts on Bitcoin’s price volatility going forwards. Here’s what he had to say. On CNBC’s Squawk Box, Joe Kernen pointed out to Novogratz that Bitcoin is up 66% on the year, yet down 30% from its high of $69k. He then asked if...Read More
Bitcoin price may be at stake as it has been trading at crucial levels, pointers kindle panic over plausible death cross. Though the primary asset running green in the charts, the asset needs to pass the challenge of bearish crossover between 20 day and 200-day exponential moving average. Interim, the crossover would further shed the...Read More
Jack Dorsey was quite active on Twitter today, doubling down on his belief in Bitcoin. He asserted that people should focus on secure and resilient tech developments that are not controlled by individuals or organizations. The CEO of Square and former CEO of Twitter is among the most well-known BTC proponents, having previously said that...Read More
Although bitcoin is already more than 30% down from its ATH marked last month, Peter Brandt believes that the asset might not have reached its bottom yet. The CEO of Factor LLC noted that there hasn’t been a high volume panic capitulation yet to outline that bottom as with previous corrections. Bitcoin Is Yet to...Read More
The Chamber of Senators of Paraguay passed a bill on Thursday that would regulate and commercialize crypto trading and mining activities in the country. Paraguay’s Senate Approves Crypto Bill Sen. Fernando Silva Facetti, one of three senators sponsoring the legislation, confirmed the approval on Twitter, saying that the bill now awaits deliberations from the Chamber...Read More
The wider crypto space continues its choppy downward move on Saturday as most of the assets are now down by more than 40 to 50% of their ATH. Notably, Bitcoin and Ethereum have plummeted to their bottom support of $46k and $3.8k respectively. Howbeit, proponents, and analysts across the space are expecting the massive bull...Read More
Bitcoin is soaring against the Turkish Lira – but not due to increased demand. Rather, low-interest rates are causing the nation’s currency to rapidly decline, lowering its value against Bitcoin, dollars, and other currencies/ assets. The Turkish Lira Tumbles As reported by Reuters, the Lira dropped by another 5.6% against the dollar on Thursday. This...Read More
Impersonation scams are a growing threat in the cryptocurrency community, and a large number of victims continue to fall for them. The latest such example involved MicroStrategy’s CEO, and someone sent two BTC to a fake giveaway address using his name. In giveaway scams, bad actors typically impersonate a well-known figure and promote deceiving campaigns...Read More
Last year’s Christmas run-up was one of bitcoin’s most bullish periods as the asset gained 50% of value at the end of December. With the uncertainties around the most recent Fed meeting over now, the question arises if BTC can do it again. The 2020 Christmas Rally 2020 was a wild year from all perspectives,...Read More
Bitcoin ended the month of November down 7% but hedge funds with a more diverse portfolio of cryptocurrencies only dropped 2% for the period according to the Eurekahedge Crypto-Currency Hedge Fund Index. According to Bloomberg, the outperformance may suggest that altcoins could offer investors better returns than Bitcoin which has currently fallen 29% from its...Read More
LEDN – a global Bitcoin lending platform based in Toronto – has announced a first-of-its-kind Bitcoin-backed mortgage product. This follows a $70 million Series B funding round which now puts the company’s valuation at $540 million. Mortgages Backed by Bitcoin As revealed by LEDN, this funding round was led by 10T Holdings and included new...Read More
What are Bitcoins? Bitcoins are a form of digital currency – a new form of currency 加密貨幣交易所 that is electronic and global. It allows people to send or receive money across the internet, everywhere, and anytime. Advertisement How does Bitcoins work? Bitcoins are traded from one personal “wallet” to another. A wallet is like a...Read More
Elon Musk was named the 2021 Person of the Year by TIME Magazine – a reward given to him for “creating solutions to an existential crisis, for embodying the possibilities and the perils of the age of tech titans,” and other worthwhile achievements. After receiving the reward, during the interview with TIME Magazine, Musk took the opportunity...Read More
Cryptocurrency custody firm New York Digital Investment Group (NYDIG) announced an equity funding round that saw a massive $1 billion in growth capital. The company announced the news of the funding round in a press release on Tuesday (Dec. 14, 2021). Consequently, the new capital brings NYDIG’s valuation to $7 billion. According to the statement,...Read More
