Bitwise Management CEO Hunter Horsley was on Yahoo Finance Live to talk about why Bitcoin is bad for crime. The technology which Bitcoin runs on, Blockchain, basically has a public ledger. Transactions cannot be hidden. No matter where or when a transaction originates, there is a digital trail that shows where it went to. This…
MicroStrategy has successfully sold off $500 million worth of notes (“the notes”) which it announced it was selling on June 8th in a press conference, to buy Bitcoin. The notes were sold to qualified institutional buyers in a private offering in reliance to Rule 144A under the Securities Act of 1933. They were all sold…
Bitcoin price is back to around $40,000 but whether or not the bull market is over or not isn’t yet certain. What is certain, according to Paul Tudor Jones, is the cryptocurrency itself. Not the asset or its price, but the underlying ironclad cryptographic code. Here’s why the billionaire investor has allocated as much as…
Bitcoin price formed a base above $35,000 and started a fresh increase against the US Dollar. BTC broke the $38,000 resistance and it even traded close to $40,000. Bitcoin started a fresh increase above the $38,000 and $38,500 resistance levels. The price is currently well above $38,000 and the 100 hourly simple moving average. There…
Bitcoin has held critical support after a move to the downside on Friday and trades at $37,539. A good old weekend pump has brought it back from the mid-zone of the $30,000 range and now it might make a push towards $38,000. BTC trends upwards in the daily chart. Source: BTCUSD Tradingview In the short…
Bitcoin price is making its best attempt yet to climb back above $40,000 since the big crash in May. Thus far, the phrase “sell in May and go away” has worked like a charm, and it could take longer before buying coins back again is a profitable strategy. That’s because the top cryptocurrency is struggling…
An opposite reaction to the “Bitcoin Law” passed by El Salvador and to its growing adoption was to be expected. Mainstream media has been replicating news on BTC alleged negative environmental impact, its use for illicit activities, and others. However, the Director of the Dutch Bureau for Economic Analysis, Pieter Hasekamp, might be the runner-up…
Bitcoin price extended its upward move above the $37,500 resistance against the US Dollar. BTC failed to clear $38,500 and it is now correcting lower. Bitcoin traded above $38,000, but it failed to continue higher above $38,500. The price is currently well above $35,000 and the 100 hourly simple moving average. There was a break…
The U.S. Securities and Exchange Commission (SEC) has issued yet another cautionary bulletin for Bitcoin investors. Specifically, the Commission has warned about the dangers for BTC futures traders and has asked them to “weigh carefully the potential risks and benefits of the investment”. The bulletin called “Funds Trading in Bitcoin Futures” is part of a…
The crypto market is in full fledged fear for the longest phase in more than a year, coinciding with a massive Bitcoin drop of more than 50%. The once trending cryptocurrency has yet to recover, leaving the market and participants in a state of extreme fear. But past data shows, fear is often a good…