Boris Schlossberg, the managing director of FX Strategy at BK Asset Management and a long-time bitcoin bear, has joked gold is the “real bitcoin” when commenting on the precious metal’s rise to a near nine-year high. Schlossberg’s comments came on CNBC’s “Trading Nation,” where said stimulus form global central banks that fuelled Read more…
According to Mr. Edwards, the price of the flagship cryptocurrency needs to reach at least the $9,230 level in order to confirm the bullish stage of the ‘Hash Ribbon’ cycle. The ‘Hash Ribbon’ indicator is based on a correlation between a 1-month simple moving average (1M SMA) and a 2-month simple moving average Read more…
Billionaire investor Elon Musk became $6.1 billion richer on Friday after Tesla stock rose by 11%. That makes him richer than the “Oracle of Omaha” Warren Buffett—whose net worth wealth stands at $69.2 billion. Both CEOs are among the richest in the world—but still own very little Bitcoin. Tesla CEO Read more…
In a recent interview, former NFL player, professional investor, financial markets analyst, and a CNBC contributor Jon Najarian talked about how he invests in crypto (and especially Bitcoin) for his personal portfolio. According to his CNBC bio, Najarian was a linebacker for the Chicago Bears, one of the teams in the National Football League (NFL), which Read more…
Bitcoin price has been showing record-high levels of correlation with traditional markets and on July 9 the correlation between the S&P 500 and BTC reached a new all-time high. Data from Skew shows that the one-year realized correlation reached 0.38 on Thursday, July 9 and this came after the metric Read more…
Bitcoin is stable, Ethereum is set for a jump, Ripple confounds investors, and Chainlink is a rising star. There are more than 1,600 cryptocurrencies in existence. We would all like to profit from the rapid appreciation that crypto is sometimes able to achieve, but how do we know we’re not Read more…
Bitcoin was designed so that there is a finite supply of 21 million BTC. One explanation for the 21 million Bitcoin limit is the money supply replacement theory. An alternative suggestion is that the limit could be mathematically extrapolated from Bitcoin’s operating parameters. Like many other cryptocurrencies, Bitcoin (BTC) was designed around Read more…
Silviu Catalin Balaci confessed that he was one of the operators of the massive crypto Ponzi scheme BitClub Network. The Romanian programmer confirmed that BitClub defrauded its victims of at least $722 million in Bitcoin. He is now facing up to five years in prison and a fine of up Read more…
When it comes to cryptos, Bitcoin is considered the king, and respectfully so. However, there have been talks especially by anti-Bitcoin people who think Bitcoin could one day become worthless. One of these people is the gold bug Peter Schiff who claims Gold is much more poised to win as a store of Read more…
Hundreds of billions of dollars in US Paycheck Protection Program funds have reportedly been dispensed to companies that did not need it. Max Keiser and Stacy Herbert discuss the matter, as well as other controversial loans. In 2008-2009, when all the banks received government bailouts, those at the top of Read more…