Bitcoin’s spot price briefly surpassed $10,000 early this week. Its one-year average price just crossed $9,500, a new all-time high. The largest cryptocurrency is up 37% year-to-date. As bitcoin’s price grinds toward $10,000, its performance over a much longer timescale reached a significant milestone this month. BTC’s One-Year Average Price Read more…
Fascination and enthusiasm for Bitcoin is running red-hot. And it’s not hard to see why. On the pretext of pandemic panic, the U.S. Federal Reserve is printing and spending $41 billion a day. Altogether, the Fed and other central banks will create more than $6 trillion in new money in 2020. This Read more…
When trade volume peaks, the Bitcoin and Ethereum networks become congested. The team at Xpring has researched this phenomenon and concluded that traders opt to transfer funds using XRP during such periods of congestions. The conclusion is similar to one made by Weiss Ratings back in July of 2018. The Read more…
Most of the users who buy Bitcoin on Coinbase end up switching to an alternative currency, especially when BTC starts a “bull run”, according to a Coinbase report. Users trade BTC for Altcoins looking to boost profits According to Coinbase, this could be because traders feel confident about their investments Read more…
Dirty money You’ve been warned An Australian woman was arrested by police Thursday for laundering close to AUD$5 mln with the help of Bitcoin over the course of three years. She was reportedly at the helm of an unregistered digital currency exchange in New South Wales that first appeared in the investigators’ Read more…
Raoul Pal, the CEO and founder at Real Vision, believes the price of Bitcoin (BTC) can reach $476,000 in the long-term. Pal is not alone in this belief as hedge fund managers like Morgan Creek Digital’s Mark Yusko have also made similar predictions in the past. Currently, the price of Bitcoin hovers Read more…
Tyler Winklevoss tweeted his support for bitcoin in response to investors questioning the value of owning cryptocurrency and gold. Jake Chervinsky of the algorithmic interest rate protocol Compound Finance published a tweet on May 12 saying he was considering investing in gold in addition to bitcoin. For the first time, Read more…
As we have been seeing since Black Thursday, Bitcoin investors are choosing to HODL and store their bitcoin with themselves and remove their digital assets from cryptocurrency exchanges. These bitcoin withdrawals from exchanges started with crypto derivatives platform BitMEX which suffered two DDoS attacks on the day of violent sell-off in March. Its web traffic in April also Read more…
As times pass by, things are started to change in the crypto industry so the preference too, in a recent Poll we had to ask the people “What would you rather prefer Telegram or Whats App for engaging with Crypto Community”? 70% of people said they would love to use Read more…
Back in March, Bitcoin (BTC) and most other cryptocurrencies joined the stock market in one of the biggest market sell-offs in recent history. Now, two months after, what is now known as, Black Thursday (March 12, 2020), Bitcoin has recovered all of its losses plus more, while the stock market is still Read more…