After a 20% gain since halving, a sharp 5% drop in Bitcoin price provided a necessary retest of key support while most buying interest is still further down. At 2 A.M. (UTC) time Bitcoin (BTC) price abruptly dropped 5.11% to $9,256 before recovering to trade in the $9,500 range. This followed a previous sudden drop […]
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The ransomware gang responsible for stealing almost 1TB of legal secrets from celebrities and entertainers last week is now targeting the President. The ransomware gang that stole almost 1TB of legal secrets from the biggest names in the entertainment industry is now demanding $42 million in cryptocurrency or else it will expose U.S. President Donald […]
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Bitcoin acts as a gateway to altcoins, with only 24% of investors keeping the faith, according to research from Coinbase. Bitcoin (BTC) acts like a gateway down the altcoin rabbit hole, according to new research from Coinbase. The research found that while 60% of users buy Bitcoin as their first cryptocurrency purchase, only 24% of […]
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Visa has filed a patent application to create digital currency — potentially using Ethereum as the blockchain. Visa has filed an application to create digital currency on a blockchain with the U.S. Patent and Trademark Office. According to the application published May 14 — but filed way back in November 2018 — inventors Simon J. […]
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Veteran trader Raoul Pal says the price of Bitcoin can easily rise to as high as $476,000 in the long-term. 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 […]
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Negative interest rates may turn Bitcoin into an attractive alternative for institutional investors, claims a recent report. A report claims that negative interest rates present Bitcoin (BTC) with a unique opportunity. The May 14 report, published by Stack Funds, stipulates that if the interest rates in the U.S. turn negative in the near future, it […]
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Does the sluggishness of Bitcoin network support the ‘death spiral’ scenario described by a VC? The signs of the apocalypse are upon us: Bitcoin (BTC) transaction fees peaking, block time increasing, and the mempool is becoming congested — all as predicted by Zach Resnick, a managing partner at Unbounded Capital. Flash crush is more likely […]
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The latest reports suggest that North Korea could be encouraging the Lazarus group to steal crypto globally. North Korean leader, Kim Jong-un, is reportedly backing a group of hackers. Their goal? Stealing cryptocurrencies like Bitcoin (BTC) using phishing scams. Sources indicate that the country has ramped up these efforts in an attempt to prevent a […]
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One crypto industry CEO thinks COVID-19 has brought Bitcoin further into the public eye. The CEO and co-founder of Bitcoin (BTC) investment app Amber, Aleks Svetski, said he thinks the COVID-19 pandemic has bolstered Bitcoin awareness. “COVID was one of the best marketing campaigns for Bitcoin in history,” Svetski told Morgan Creek Digital co-founder Anthony Pompliano […]
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Continuing to outpace mainstream markets, Bitcoin flexes gains more than double that of gold. Amid unstable global financial conditions, Bitcoin continues its path as a juicy-looking hedge asset, based on its gains comparative to gold. Sitting at a press time price of $1,717 per ounce, gold has risen approximately 12% from the start of 2020, […]
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