For some reason or another, Bitcoin (BTC) has continued to rally into Saturday. As of the time of writing this, the crypto asset is trading at $5,725 on most major exchanges, while altcoins have begun to play catch-up. While some fears that this rally is unsustainable, especially with the debacle that both Bitfinex and Tether…
It’s no secret that Warren Buffett – otherwise known as the Oracle of Omaha – is no fan of Bitcoin and crypto, as he has consistently offered scathing critiques of the nascent industry, frequently affirming his position that BTC is not an investment. During the recent Berkshire Hathaway annual shareholder meeting at the CHI Health…
Canada’s Quebec province is tapping the bitcoin mining market to improve its annual economic projections. The region’s energy regulator, the Régie de l’énergie (LRQ), ordered public utility Hydro-Québec to allocate a 300-megawatt block of electricity to the blockchain industry. The move increased the total power supply granted for mining cryptocurrencies from 368 megawatts to 668…
Cryptocurrencies like bitcoin are Ponzi scheme and deserve to be banned to protect investors, at least according to Anurag Agarwal. The joint secretary for India’s Ministry of Corporate Affairs accused bitcoin of simplifying financial frauds in the Indian markets. He said authorities were in favor of banning bitcoin, adding fuel to rumors indicating the Indian government’s…
After a relatively long period of choppy trading within the lower-$5,000 region, Bitcoin (BTC) has finally incurred another influx of buying pressure that has allowed it to surge higher, with the key resistance level of $6,000 looming just over the horizon. Now, one prominent analyst who has called previous Bitcoin crashes believes that the cryptocurrency…
The crypto market, and more specifically Bitcoin, is at an important inflection point in its existence. Having become a household nearly overnight thanks to the late-2017 media blitz that fueled the cryptocurrency’s meteoric ascent to its all-time high price of $20,000, and the resulting bubble pop that led to the longest bear market on record,…
The crypto markets have continued to extend their upwards momentum as Bitcoin surged to fresh year-to-date highs, leading most major altcoins to rip upwards. This positive price action marks a significant rise from BTC’s recent lows, which were set after news broke regarding the widely publicized Tether-Bitfinex imbroglio. One prominent technical analyst has now set…
After an April that renewed the hope of many for Bitcoin’s future, the number one digital asset has started May strong too. The entire market capitalisation of Bitcoin alone today surpassed the psychological milestone of $100 billion for the first time since last November. The increased buying has been cause for celebration amongst much of…
Bitcoin (BTC) table-topping, up 11 percent in the last week A bullish profile developing but buyers must clear $6,000 resistance A crypto analyst at Fundstrat is encouraging traders and investors to focus on the longer-term technical profile after today’s upswings. After closing above $5,600 minor resistance, Bitcoin (BTC) is up 5.4 percent in the last…
Crypto markets surged in April, Bitcoin, Bitcoin Cash and Binance Coin the winners, XRP, Stellar and Bitcoin SV the losers. April was the third month in a row to see gains on cryptocurrency markets. Not only did they gain, they surged by a whopping 16.5 percent adding $24 billion to total market capitalization. April 2018…