Today, Bitcoin is in the green, currently trading above $11,585. The recent price trend of the largest cryptocurrency suggests bitcoin is consolidating before making the next jump. This move could see us going back to $12,000, a resistance level that dates back to last August and was rejected this weekend. Read more…
The US recorded the largest budget deficit in its history in June owing to the stimulus packages released to manage the impact of the Covid-19 pandemic. Jon Matonis, chief economist at Cypherpunk Holdings, shared an article on how the US printed more money than in the first two centuries since Read more…
This week the price of Bitcoin (BTC) went from about $10,200 to a near $12,000 high, but it was met with resistance and crashed to less than $11,000 within 6 minutes. At press time, it’s trading at $11,200 as it steadily recovers. Ether (ETH), the second-largest cryptocurrency by market capitalization, Read more…
Today is the first day of August, and this means that a few hours ago, the monthly candle of July closed. A surprising fact is that only once in its history, Bitcoin had recorded a monthly close higher than yesterday’s – and that was during December 2017 – the peak Read more…
Bayesian trader Peter Brandt has said Bitcoin is ready to see a gigantic growth, and the leading cryptocurrency would hit a new all-time high and then rise to $50,000. The commodity trader made the assertion at the time Bitcoin first tested the $10,000 resistance level and went below the mark Read more…
The cryptocurrency market has been stuck in a rut for quite some time now, with most of its major cryptos choosing to consolidate their positions. In fact, Bitcoin, the world’s largest cryptocurrency, has been noting a kangaroo market of sorts, one wherein it has been jumping between its immediate resistance and Read more…
Protecting one’s privacy with Bitcoin doesn’t come easy. The Bitcoin Blockchain permanently records and displays all transactions publicly, this makes it possible for almost anyone to track and view your transaction details for any wallet address. This was the case with the nefarious hackers who infiltrated Bitfinex and led the infamous hack Read more…
A US federal court ruled that Bitcoin is a form of “money” covered under the District of Columbia’s (D.C.) Money Transmitter Act. The conclusion is part of a criminal action involving the U.S. versus Larry Dean Harmon, who operated a Bitcoin mixing platform. U.S. Court Regards Bitcoin as Money in Read more…
The national banks can from now provide crypto custody services. “From safe-deposit boxes to virtual vaults, we must ensure banks can meet the financial services needs of their customers today,” said Acting Comptroller of the Currency Brian Brooks, who previously served as the chief legal officer for crypto exchange Coinbase, Read more…
John McAfee’s “Special Meal” Awaits in December, Unless Bitcoin Hits $500,000. But at a little over $9,000 in Q2, his target for Bitcoin is way off and now that it is time to pay the piper, the renowned bitcoin/crypto advocate is changing his tune. Unfortunately for John McAfee the internet Read more…