Bitcoin price closed the historically red month of March not only in the green, but with the largest dollar for dollar gain on in the cryptocurrency’s short history. Unfortunately, despite how strong the ongoing bull trend has been during the first quarter of the year so far, the quarterly candle which ended alongside March, also…
In yet another bullish announcement for Bitcoin this week, banking giant Morgan Stanley has filed a document with the Securities and Exchange Commission (SEC) to gain exposure to BTC. Per the document, 12 of Morgan Stanley’s investment funds will allocate capital in BTC financial products. Morgan Stanley’s investment funds eligible to gain indirect exposure to…
Bitcoin is once again making headlines everywhere, mostly for all the right reasons this time around. However, where there’s money to be made, there’s also scammers waiting in the shadows to steal funds whenever they can. The latest situation involves a highly sophisticated replica of a popular Apple iPhone app, a malicious application from Apple’s…
Per a Coindesk report and a regulatory filing with the Securities and Exchange Commission (SEC), investment firm BlackRock has begun trading in Bitcoin futures. BlackRock has reportedly allocated a small part of its portfolio in BTC on the Chicago Mercantile Exchange financial derivatives platform. With $8.6 trillion in assets under management (AUM), BlackRock is one…
Bitcoin price is back at local highs, but still struggling to set a new record beyond $61,800. The lack of a further push by bulls even with positive news out of PayPal, has caused one iconic trader to warn of the possibility of a topping pattern forming. The theory is based on a set of…
Bitcoin is often slammed over its high electricity consumption. Critics argue this is wasteful and unsustainable in the long term. However, in an unusual twist to the environmental debate, it turns out that fracking companies are utilizing waste gas to power Bitcoin mining rigs. Bitcoin Mops up Waste Gas The shale industry is in a…
Bitcoin underwent a mini flash crash on Wednesday as its price fell from $59,400 to nearly $57,000 in just five minutes of trading. Analysts blamed overleveraged long positions for the downside move, with the plunge liquidating about $600 million worth of extended bullish contracts across major futures exchanges. The wipeout followed up with a short…
Bitcoin price extended its upward move above the $59,000 zone against the US Dollar. BTC is showing positive signs and it is likely to accelerate further higher in the near term. Bitcoin is rising steadily and it is likely to break the $60,000 resistance zone. The price is now well above the $57,000 support and…
Peter Brandt is an iconic trader who in the past called the dramatic fall to the Bitcoin bear market bottom, nearly a year ahead of time. Could the commodities trader with decades of experience in all things markets – who has for sure seen a thing or two in his career – now be forewarning…
Today, news broke that PayPal is ready to launch cryptocurrency payments to merchants, allowing its massive userbase of millions to pay with Bitcoin and the other altcoins has offered since the middle of last year. However, like all things related to centralized platforms getting involved in cryptocurrencies, there’s a catch. PayPal To Allow Customers To…