Is Bitcoin a currency, money, digital gold? Industry participants have differing opinions on what BTC is as the halving approaches. As the Bitcoin halving draws ever nearer, the demand for the digital asset keeps soaring, having seen an increase of around 15% against the United States dollar in the past month. The Bitcoin halving is […]
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Virgin Galactic’s chief executive believes that every person should invest 1% of their net wealth in Bitcoin as crisis insurance. Chamath Palihapitiya, the billionaire chairman of spaceflight company Virgin Galactic, has recommended that everyone hold Bitcoin (BTC) as a form of crisis insurance. Speaking on CNBC’s Squawk Box, Palihapitiya said he believes that “everybody should […]
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By proposing the united regulatory framework for blockchain and crypto spaces, Europe would have a chance to surpass its main competitors: China and the U.S. Besides China’s ongoing struggle with the coronavirus, one of the defining narratives for the world’s largest country entering the new decade was its central bank-issued digital currency. Reportedly in its […]
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Bitcoin price has recovered well since dropping to $9,352 but the CME gap at $9,740 and stiff resistance at $10,300 are placing traders’ sentiments in a grey area. Compared to the price action of the previous two weeks, this weekend has been relatively relaxed for Bitcoin (BTC) traders. On Saturday the price came within $10 […]
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Regular, non-random Bitcoin outflows from FCoin’s cold wallet point to an exit scam amid the crypto exchange platform’s shutdown. Less than two years after bursting onto the scene, Chinese crypto exchange FCoin has shut down its operations. The platform, founded by Zhang Jian, also says it may be unable to pay the 7,000 to 13,000 Bitcoin […]
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Analysts and industry executives lay out five major reasons to support bullish continuation for the Bitcoin rally. Bitcoin’s (BTC) price hit $9,260 on Feb. 20 and dropped to $9,350 on BitMEX the very next day. Analysts say these two pullbacks were liquidity fills and that the dominant cryptocurrency is likely to sustain its bullish market […]
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Despite hard forking five months ago to resist ASICs, the Ravencoin community has found consensus surrounding its next algorithm. The Ravencoin community continues to argue over what mining algorithm the project should adopt in the future to best deter ASICs, despite Ravencoin conducting a hard fork intended to bolster ASIC-resistance just five months ago. Tron […]
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New data shows that XRP is more deserving of the digital gold label frequently ascribed to Bitcoin. Up until the most recent correction, Bitcoin (BTC) price was repeatedly pushing above $10,300 and attempting to reach a 2020 high above $9,500. 2020 started with a strong upward trend and altcoins followed Bitcoin’s price action, as thoroughly […]
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Ethereum bulls are still pushing for $300 but the possible formation of an M-Top threatens to thwart the current uptrend. The recent Bitcoin (BTC) price correction inflicted double-digit losses on many altcoins and while Ether (ETH) also took a knock, it recovered quickly compared to the price action of other top-ten altcoins. Since dropping 17.67% […]
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Bitcoin price dropped in a weekend correction creating a wide CME trading gap but the market structure remains bullish as long as the $9.4K levels hold. Bitcoin (BTC) price was unable to hold the psychological barrier of $10,000 and couldn’t break through the resistance of $10,400. This rejection caused a corrective move to $9,450, leaving […]
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