Wallet security exploits have resulted in losses amounting to millions of dollars, which many believe hinders mainstream adoption of Bitcoin and other crypto-assets. Recently, data compiled by Ngrave’s team projected that crypto users’ assets are not as secure as they believe them to be. According to the hardware wallet maker’s ongoing survey on crypto...Read More
With Bitcoin rising up the valuation ladder in 2021, there has been aggressive demand for stablecoins since the first of January. In fact, the collective market cap of all stablecoins, at the time of writing, amounted to ~$33.5 billion, after the supply added $4 billion in the past 12 days alone. Source: Coinmetrics CoinMetrics‘ data...Read More
Bitcoin’s activity on Twitter is edging closer to its 2017 levels, based on data from Arcane Research. In fact, the 7-day average of tweets mentioning Bitcoin is back at its December 2017 high, with the number of Twitter users mentioning Bitcoin already surpassing its old peak, based on data from Arcane Research’s chart on Bitcoin...Read More
After a stellar two weeks that saw the cryptocurrency hit an ATH of $41,941 on the charts, Bitcoin’s price corrected to fall to the $34,000-level. With Bitcoin valued at $34,606 at the time of writing, it is worth noting that this market cycle during this bull season has largely been a case of two steps...Read More
The topic of working COVID-19 vaccines has been widely discussed ever since the virus started spreading globally last year. Although a few have already been approved, their distribution faces difficulties and delays. This has prompted fraudsters to take advantage by promoting vaccines on the dark web and requesting up to $1,000 per dose paid via...Read More
China’s MicroBT, one of the world’s biggest Bitcoin mining rig manufacturers, is planning to go public in the United States, according to local reports. MicroBT manufactures WhatsMiner and over the past year or so, it has gained a significant market share. In fact, it became the second-largest Bitcoin mining rig manufacturer in China, despite being...Read More
Investing in cryptocurrencies carries risks of its own. Apart from the highly volatile price, investors who store their funds on external wallets (and not exchanges) need to save and protect the information that will enable them to access the assets. In case someone loses their private keys (essentially a password for the wallet), this could...Read More
Bitwise Asset Management, a leading provider of crypto-index funds and ETF trends, is in the news today after it published a survey revealing how financial advisors around the United States feel about crypto. In the eyes of many, the survey’s findings validate the contention that cryptocurrencies have gone mainstream. The survey in question found that...Read More
Ever since business intelligence firm, MicroStrategy, invested $425 million of its treasury funds into Bitcoin last year, the company and its CEO have been lauded for supposedly driving mainstream BTC adoption. The onset of the Bitcoin rally allowed MicroStrategy to take advantage of market conditions and increase the value of its BTC holdings. At the...Read More
With Bitcoin trading under the $34,000 mark at press time, analysts at Fundstrat Global shed new light on the asset’s current price movement. According to David Grider at Fundstrat, BTC’s recent lows mean a temporary and healthy correction before prices resume to main market trends. Soon after BTC surged to $40,000, experts in the field...Read More
2020 will be remembered for a host of reasons, with Bitcoin volatility being one of them. After scaling up to its all-time high index during the March 2020 collapse, BTC volatility remained under nominal levels for the rest of the year. On average, Bitcoin’s volatility was lower than the S&P 500 and even Tesla, in...Read More
Less than a year after acquiring a substantial portion in the Hong Kong-based crypto-focused firm BC Technology Group, Fidelity International has upped its stake. The investment subsidiary of the Boston-based mutual fund giant has allocated nearly $7 million more for a total stake of 6.29%. Fidelity Doubles-Down On Investing In A Crypto Firm Bloomberg reported...Read More
Germany’s central cybercrime authorities have taken down Internet marketplace DarkMarket and now hold its operator in custody. On 11 January, investigators shut down the marketplace’s servers and seized 20 other servers in Moldova and Ukraine. Officials plan to use the confiscated database from the servers to find the alleged moderators, sellers, and buyers of the...Read More
After making a public announcement about its new Bitcoin investment strategy, UK-based Ruffer Investment’s Chairman today detailed the reason behind the company’s 2.5% allocation of its multi-strategies fund to Bitcoin. According to Chairman Jonathan Ruffer, Bitcoin is an emerging store of value. He based his claim on the firm’s research that assessed “the danger that...Read More
The last seven days have been tumultuous for the market’s leading cryptocurrency, Bitcoin, with BTC climbing to touch a new all-time high of $41,941, before falling to a low of $30,305 just two days later. While the price has since consolidated, with the crypto priced at $35,000, at press time, who were the major profit-takers...Read More
After a significant period of swing action, Bitcoin, at the time of writing, was finally consolidating near the $35,000-mark. This was a relief for many, especially since in the last 48 hours, the cryptocurrency’s price dropped from $41,000 to a lower range of $32,000. While some investors feared the worst, further drawdowns were not seen...Read More
Whether Bitcoin is heading up or crashing face-first in the market, the community is always curious about its short-term future. This was the case as after having dropped down to approx. $32,000 on the price charts, Bitcoin managed to recover a position near $36,000, at press time. While turbulence is the word of the day...Read More
Bitcoin has seen unprecedented growth over the last 365 days. And yet, what must not be forgotten here is that the Bitcoin community that was formed during the 2018 bear cycle is very different from the one during the pre-2017 rally. Investors today are well-informed, financially literate enough to understand what they are getting into,...Read More
Mark Cuban is arguably one of the most popular billionaire investors in the world. Like many celebrities, he recently took the chance to comment on the current state of cryptocurrencies, comparing Bitcoin and Ethereum to the internet stock bubble. Mark Cuban: Crypto is Exactly Like the Dot-Com Bubble The recent volatility in bitcoin’s price took...Read More
With COVID-19’s latest mutant strain filling hospital beds all around the world, it’s not surprising that people are anxious to get vaccinated. However, the administration of vaccines isn’t something that will happen overnight, especially since only a few candidates have been approved yet. It’s no wonder then that quite a few people are getting desperate....Read More
Longhash revealed that Bitcoin price predictions for “the end of 2020” were more accurate than where crypto influencers said the asset’s price would be at the beginning of 2020. The new study was based on media reports, which included predictions from 17 prominent figures from the crypto economy. These people specifically predicted prices at the...Read More
Global Chief Investment Officer of financial services company Guggenheim Partners, Scott Minerd, stated that amid Bitcoin’s parabolic rise that saw new ATHs of over $40k, the asset was “unsustainable in the near term.” He claimed that the digital asset’s price was “vulnerable to a setback”. He added: “The target technical upside of $35,000 has been...Read More
UK regulator, Financial Conduct Authority (FCA) advised investors to be aware of certain, unnamed firms that offer investments in crypto assets that “promise high returns.” According to FCA, investing in cryptocurrencies, or “investments and lending” connected to the assets “involves taking very high risks with investors’ money.” On 11 January, the regulator stated: If consumers...Read More
In what would be a crypto-dream come true, a student claimed to have found decade-old private keys to a crypto account that held 127 Bitcoins; he is now a millionaire. On 22 December 2020, the holder apparently stumbled upon the keys in question on an old computer and apparently sold all 127 Bitcoin. The student...Read More
Bitcoin’s price surge in the last 3 to 4 months has been exponential without a doubt. However, it is relatively less exponential when compared to the 2017 bull run. The 2017 bull run saw a 228% surge in 34 days while the current bull run has seen a 125% surge in 27 days. BTCUSD TradingView...Read More
Bitcoin price is currently facing a correction that has caused the crypto asset to drop a whopping 20% in the past 24 to 48 hours. This drop has caused liquidation worth more than $2 billion. At press time, bitcoin is testing the support at $33,900 while also being in a state of limbo. Bitcoin 4-hour...Read More
Bitcoin undergoes correction and while it should not astonish anyone, the rate of decline has taken the market by surprise. Over the past 24-hours, Bitcoin has depreciated from a high of $41146 to a low of $32330. BTC/USD on Trading View The registered drop was over 20% and it is currently the largest drop since...Read More
The Bitcoin futures platform launched in 2018 by Intercontinental Exchange (ICE) has entered into a “definitive agreement” for business cooperation that will lead to becoming a publicly-traded company with an enterprise value of over $2 billion. The company has also appointed a new CEO. Reports emerged last week suggesting that Bakkt was negotiating a strategic...Read More
Bitcoin has surged a whopping 100% in the last 30 days, however, the recent crash might indicate that the top is in, or at least an interim top. While the investors were FOMO-ing, bitcoin’s on-chain indicators flashed sell-signals. The main reason why this crash took place is due to bitcoin miners. In fact, bitcoin’s recent...Read More
Scott Minerd, the CIO of the Wall Street behemoth Guggenheim Partners that recently decided to allocate funds in BTC, said that bitcoin’s recent price increase was unsustainable in the short term. Furthermore, he advised that it was time to take some money off the table, but speculations arose if this is part of Minerd’s master...Read More
