Last week may go down in history as a major turning point for Bitcoin. Attacks were coming from every quarter, as government ministers took aim at Project Libra, Facebook, and by association, Bitcoin and its altcoin brethren. Two weeks back, BTC had risen above $13,000, but Jerome Powell, the chair of the Fed, spoke negatively…
Read more
Bitcoin whales are up again. At the end of the week, bitcoin whales have reportedly moved over $380 million in less than three days. While "whale activity" is quite common especially for the top five cryptocurrencies, no other digital currency even comes close to the amounts moved by Bitcoin "giants". The top five transfers were…
Read more
The Trump Administration has been under fire since its inauguration. One of the most controversial figures is the the United States’s Treasury Secretary, Mr. Steve Mnuchin. Recently, Mnuchin made some interesting comments about cryptocurrencies and VanEck official pointed out a rather amusing phenomenon. Mr. Mnuchin seems to support the cryptocurrency critics stating that Bitcoin and…
Read more
Sooner or later, Bitcoin and gravity were going to be good friends again. After gradually recovering from a bout in the lowlands below $10,000 nearly two weeks back, buyers for the world’s favorite cryptocurrency began to run out of steam. After groping its way back above $13,000, the weight of the bears on its back…
Read more
If anyone was waiting for a bargain price for Bitcoin below $10,000, they had a brief chance to buy at $9,850 and above, as the world’s favorite digital asset plummeted over the weekend. During its momentous rise to stardom, the one characteristic that has stood out most over recent months is that, once again, volatility…
Read more
It seems that Bitcoin has one more skeptic, one who had yet to register his exalted opinion until this past Thursday. The “Tweeter-in-Chief”, President Donald Trump, let it be known via his infamous tweeting channel that he is not a fan of cryptocurrencies. His scorn also included Facebook’s Libra project: “If Facebook and other companies…
Read more
Some US states have already introduced the option of paying your taxes with bitcoin. Now, Canada is speeding up with the bitcoin tax "craze". Reportedly, the city of Richmond Hill is the first Canadian city to do trials with bitcoin tax payments. Citizens will be able to pay their municipal taxes in the "people's currency".…
Read more
Once more unto the breach, dear friends, once more… Bitcoin tried valiantly for a second time in 30 days to breach the $13,000 “wall”, but, unfortunately, was pushed back down below $12,000. Resistance has thickened on these ramparts on the way to a new All-Time-High, but the market leader has definitely been persistent. Volatile swings…
Read more
Bitcoin displayed its “Lazarus-like” character once again, rising from apparent death and going on the attack with bulls leading the way. The current target of $12,000 is within reach, even though a majority of analysts keep expecting a correction to be in the immediate vicinity. BTC had been trading sideways for three days, dipping and…
Read more
Second quarter data is now in the history books, and the analysts at Binance Research have determined that existing correlations that have been prevalent in the crypto industry for the past few years are now in decline. Binance Research, a division of the world’s largest and popular Binance exchange, provides in-depth analysis and data-driven insights…
Read more