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
Bitcoin prices hit a ten-day low of just below $46,000 during the Tuesday morning Asian trading session. The asset now sits on solid support at the 200-day moving average and needs to maintain this level to prevent another painful decline. BTC has lost around 30% from its Nov. 10 all-time high, but it is not...Read More
It is no secret that Satoshi Nakamoto, the father of Bitcoin, is still one of the biggest unsolved mysteries within the crypto space, as no one knows if the pseudonymous tag belongs to a single person or a group. A Final Message From Satoshi Interestingly, December 12, 2010, eleven years ago, was the last time...Read More
The weekend appeared to be pretty bullish for the crypto space but the bears quickly jumped in to squeeze the gains. While the Bitcoin price had fallen into a huge bearish trap, most of the altcoins had also trembled to a large extent. However, almost all the tokens were making every effort to climb above...Read More
WikiLeaks is one of the world’s most famous organizations. In its essence, WikiLeaks is an international non-profit organization designed to publish news leaks and classified media provided by various anonymous sources. It was founded back in 2006 by Julian Paul Assange – an Australian activist, publisher, and editor. He was arrested in 2019 in London,...Read More
The weekend is on the toes, and like most of the weekends, yet again the crypto space is preparing to come out of the bearish trap. Bitcoin price after revisiting lows below $47,000 has gained more than 5% to trade above $48,200 since the early trading hours. And hence manifesting a notable uptrend that could...Read More
Mike McGlone – Senior Commodity Strategist at Bloomberg – expects 2022 to be a successful year for both bitcoin and gold. He believes the primary cryptocurrency will hit $100,000, while the precious metal will trade at $2,000. What Will Fuel Bitcoin’s Rally in 2022? The current global financial system is passing through tough times, to...Read More
Bitcoin’s price has lost a lot of ground in the past few weeks. It’s down by $20,000 since the most recent peak of $69,000 in November. This has caused a lot of speculation in the cryptocurrency community whether the tides have turned again and if the bears have taken complete control. PlanB, though, believes this...Read More
Speaking to CNBC on Dec. 9, Ark CEO Cathie Wood said that crypto is a diminutive amount of institutional portfolios, and “institutions are moving in” on Bitcoin and its brethren. She asserted that cryptocurrencies are a new asset class with a “correlation very different compared to other asset classes,” and only real estate comes close....Read More
The NASDAQ-listed tech giant, spearheaded by Michael Saylor, continues its BTC buying spree after another substantial purchase worth more than $80 million. Michael Saylor, one of the most prominent bitcoin advocates, who is also the founder and CEO of MicroStrategy, announced the latest purchase earlier on December 9th. The company has accumulated another 1,434 coins...Read More
The CVI platform, the first decentralized Crypto Volatility Index for the digital asset market, has recently announced the addition of two new volatility tokens to its growing list of products. CVI Launches ETHVOL and CVOL In a Tuesday press release seen by CryptoPotato, the firm noted that the new volatility tokens – ETHVOL and CVOL...Read More
Heavy correction on Friday dumped hard the majority of the cryptocurrencies. Post the extended downfall until Monday, virtual currencies commenced their Tuesday run with stout retracement. Notably, Bitcoin, Ethereum, Solana, and many other tokens quickly ventured to reclaim their Friday price levels. However, Bitcoin turns choppy as probable retrace momentum ebbs, a popular analyst Micheal...Read More
The Swiss-based investment product issuer – 21Shares – listed its first two physically-backed Exchange-Traded Notes (ETNs) on Nasdaq Stockholm. The underlying assets of the financial products are respectively Bitcoin and Ethereum. First Issuer of ETNs on Nasdaq Stockholm According to a recent press release, Nasdaq released a new segment for ETNs, a type of debt...Read More
According to a study conducted by Grayscale Investments – the world’s largest digital asset manager – 26% of the American investors already own bitcoin. 55% of the HODLers entered the crypto market in the last 12 months. Every Fourth American Has BTC Despite bitcoin’s current price decline, the primary cryptocurrency has had a highly successful...Read More
