The price of Bitcoin can reach $100,000 and remain stable there if $90 million worth of BTC is absorbed every day. Industry executives and famed technical analysts including Morgan Creek CEO Mark Yusko and trader Peter Brandt predict Bitcoin (BTC) to reach $100,000 in the long-term. For that to happen, the top cryptocurrency needs to […]
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Bitcoin price must hold the low $9Ks to continue its upward grind and finally conquer the psychological $10,000 level. The price of Bitcoin (BTC) has been trying to break above the psychological barrier of $10,000. However, during the week, it failed to go through this resistance. This “fakeout” caused a significant portion of the market […]
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Major legal threats in the case of a big leap in Bitcoin price will see banks scrambling for support, the advocate forecasts. JPMorgan would have to move to Wyoming to protect itself from million-dollar Bitcoin (BTC), one blockchain advocate has warned. Speaking on financial news show the Keiser Report on June 6, Caitlin Long, who’s […]
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Crypto custody firms are mostly treated like traditional assets, ignoring the uniqueness of digital assets and its various complexities. The business of cryptocurrency custody is getting more competitive and lucrative by the day. The most recent announcement has come from Switzerland, where local family-owned bank Maerki Baumann announced on May 29 that it had expanded […]
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Bitcoin’s Miner Outflow Multiple shows that buoyant miners are keeping their coins and weaker players have none left to sell, argues Tuur Demeester. Bitcoin (BTC) miners are setting up a bullish trend despite large sell-offs around the halving, a new data metric suggests. According to Glassnode’s Miner Outflow Multiple (MOM), outflows from mining pools compared […]
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Blockchain technology is tipping the scales of the music industry, shifting the power from intermediaries back to artists. Blockchain technology has the power to increase financial inclusion and change the lives of many throughout the world, especially in emerging economies where it’s needed the most. While the potential of blockchain technology has been widely recognized, […]
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Cryptocurrency exchange OKEx announced the eighth round of buyback for its platform’s proprietary OKB token. Cryptocurrency exchange OKEx announced the eighth round of buyback for its platform’s proprietary OKB token. In a June 5 announcement, OKEx announced the start of the eighth and largest buyback of OKB tokens. From March 1 until May 31, the […]
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Emsisoft launched a free tool that decrypts files affected by a variant of the Tycoon ransomware attack. Malware lab, Emsisoft, released a free decryptor tool on June 4. The tool enables victims to recover files encrypted by Tycoon ransomware attacks without needing to pay the ransom. Researchers from the BlackBerry’s security unit first discovered the […]
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Wu Xiaoling highlighted the benefits of the Bitcoin network and highlighted some of the weaknesses it faces nowadays. The former vice president of the People’s Bank of China, or PBoC, Wu Xiaoling, praised what she calls a “commercial success” for Bitcoin (BTC) on June 5. These kind words come despite a number of vital weaknesses […]
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22% of crypto fund manager Grayscale Investments’ purchases have been Ether throughout 2020 so far, totaling $110 million worth of accumulation. While great attention has been paid to the recent enormous accumulation activities of the Grayscale’s Bitcoin Investment Trust, or BIT, the crypto fund manager has also been aggressively growing its Ether (ETH) stash. Speaking […]
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