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Bitcoin Hints Towards a Massive Price Rally; Trades Above $10k
19.2.2020
Bitcoin (BTC), at the time of writing this analysis, was trading above $10,200 after having a sluggish trend for the past 5 days when the coin tested supports at $9,600 and $9,700. Moreover, the “golden crossover” on the daily chart is hinting towards a hefty Bull Run and today, the coin rises...
Bitcoin Gets Ready for a Massive Bull Run; Awaits “Golden Crossover”
18.2.2020
Bitcoin (BTC) exhibits strong signals of utterly bullish crossover even though it trades below $10,000 for the 4th day in the row. However, this happens to be an anticipated fall after the BTC price faced a strong rejection above $10,500 and is seen consolidating downwards to have a persistent...
Regulatory Roundup: Trump’s Cryptocurrency Proposals, IRS Changes Rule, China Quarantines Cash
18.2.2020
In this roundup, we cover numerous cryptocurrency regulatory developments in the U.S., including President Trump’s crypto proposals, testimonies by the Federal Reserve chairman and the Treasury secretary, a crypto-friendly SEC proposal, and the IRS changing a crypto tax rule. We also cover...
Has Bitcoin Reached a Saturation Level?
18.2.2020
The crypto market is extremely volatile and has seen some of the financial world’s most dramatic ups and downs. It was a significant bull run in 2017 when it topped the charts at a whopping $20,000 in December. However, the market couldn’t sustain the price and nosedived in the following year....
Bitcoin (BTC) Proves to be the BEST Investment Avenue of the Decade
17.2.2020
Bitcoin trades below $10,000 for the third day in the row and seems to have repeating the cycle from the past week when it tested support near $9,700. While in the current week, BTC price dug a little deeper as it tested support around $9,600 price zone. So, do we just take it as a …
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Things You Must Know Before Investing in Bitcoin
17.2.2020
Let’s start with what Bitcoin entails and how you can reap benefits out of it without running the risk of losing your money on Bitcoin. Bitcoin is a cryptocurrency (virtual asset) designed in 2009, encrypted, and supported with a special system called Blockchain. It was devised by a pseudonymous...
84 PBOC Digital Currency Patents Show the Extent of China’s Digital Yuan
16.2.2020
The People’s Bank of China (PBOC) has reportedly filed 84 patents relating to its plans to launch a digital currency. The patents reveal the central bank’s plans which include integrating digital currency wallets into existing retail bank accounts. The potential for the Chinese central...
US Worried Crypto Could Undermine Dollar as World Reserve Currency, Hiring Researchers to Prepare Response
16.2.2020
The U.S. Office of the Director of National Intelligence has admitted that cryptocurrency could undermine the U.S. dollar as the world’s reserve currency. The head of the U.S. Intelligence Community is seeking researchers to detail the impact of that status loss on the U.S., its economy,...
BTC’s Market Share Drops Consecutively for 14 Days – Dominance Ratio Slides to 60%
15.2.2020
Cryptocurrency markets have been climbing higher in value as coins like BTC have gained over 19% during the last 90 days. However, many other digital assets have seen much larger gains and BTC dominance has been sliding downwards consecutively for the last 14 days. Also Read: Craig Wright’s...
Bitcoin Strikes above $10,200; the Gaining Spree May Sustain for Some More Days
14.2.2020
Bitcoin has elevated its value by 4.97% in the last week and traded from $9752 to $10,237 Investors may witness a moderate bullish price rally in the short-term, and the next resistance seems likely at $10,400 Bitcoin has managed a bullish week with heavy volatility, and the value against USD...
Bitcoin and Cryptocurrency Are ‘Like a Giant Garbage Dumpster,’ Says Minneapolis Federal Reserve President
13.2.2020
The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, said on Tuesday that bitcoin and other cryptocurrencies are “like a giant garbage dumpster.” He would rather his one-year-old daughter have a low yielding Treasury bond than a bitcoin, emphasizing that...
Treasury Secretary Mnuchin Gives Testimony on Cryptocurrency, New Regulations Rolling Out Soon
13.2.2020
U.S. Treasury Secretary Steven Mnuchin gave his testimony on cryptocurrency before the Senate Finance Committee on Wednesday. Mnuchin said crypto is a “crucial area” that the Treasury has spent a lot of time on. He also talked about stablecoins and announced that new crypto regulations...
Coinbase Margin Trading Now Live for Coinbase Pro Users
13.2.2020
Coinbase has launched margin trading for users of its cryptocurrency trading platform, Coinbase Pro. Both individual and institutional investors in selected regions now have access to Coinbase margin trading. The company plans to expand access to more regions and provide more types of collateral...
Russians Can Use Qiwi, Sberbank, Yandex Money and Now Binance P2P Exchange to Buy Bitcoin With Rubles
13.2.2020
A growing number of platforms allow Russian residents to purchase cryptocurrencies with local fiat money. Established cryptocurrency exchanges are not the most trouble-free option, however, as they often require extensive registration and rarely support popular payment methods in the region, unlike...
Wyre Announces Partnership with Blockstream to Support Liquid Bitcoin
12.2.2020
Crypto payments development platform Wyre announced on Wednesday that it has partnered with crypto-blockchain solutions company Blockstream, to introduce support for Liquid Bitcoin. As per a tweet by Wyre, it has become the first fiat on-ramp platform in the United States to support the Liquid...
Bitcoin Takes a Bullish Leap and Hits a Fresh 2020 High at $10,300
12.2.2020
Bitcoin soars back in the old weekly trading price range as it joins the Bull rally again after two days of relaxation. With this BTC marks a fresh 2020 high above $10,300 in the past 24 hours and is likely to face major resistance at $10,400. As per the previous anticipations given, we totally...
Trump Views Crypto a Threat, Proposes Countermeasures in New Budget
11.2.2020
The White House released the Budget of the U.S. Government on Monday, outlining some proposals to increase cryptocurrency oversight which President Donald Trump views as priorities. The budget proposes giving the Treasury more power over crypto and requests funding for FinCEN to expand its efforts...
Bitcoin Declines Yet Appears Bullish as it Rises Above $9,700
11.2.2020
Bitcoin, at the time of writing, was trading at $9,786.28 on Coinbase after having hit an intraday low at $9,705.22. This steep fall has led the coin towards a “death crossover” as the 200-day daily MA is crossing above 50-day daily MA as the BTC price consolidates below $10,000 for the second day....
40 Banks in Germany Declare Intent to Offer Crypto Services Under New Law
11.2.2020
More than 40 financial institutions in Germany have reportedly declared to the country’s financial regulator, BaFin, their interest to offer cryptocurrency services under the new German law. News.Bitcoin.com reached out to the regulator for some more information. The law, which went into...
XRP Still Third Largest Crypto by Market Cap After Founder Dumps 1 Billion Coins
10.2.2020
Crypto traders and speculators have been discussing the digital currency XRP (ripple) lately because the price has been stagnant compared to other digital assets. Some venture capitalists and analysts plan to short XRP, while other speculators believe the crypto is poised for a price jump in...