Bitcoin price is on track to achieve $22,000 says one analyst, citing four main factors that could boost its momentum. Philip Swift, a Bitcoin (BTC) analyst and the creator of Lookintobitcoin.com, laid out four reasons why BTC is headed to $22,000. Both fundamental and technical factors indicate the top cryptocurrency’s momentum is strengthening.The one-year HODL… More
The information in the report appears to confirm what many in the industry already believed to be true. A new report from investment firm Wilshire Phoenix claims that the Chicago Mercantile Exchange’s, or CME’s, cash-settled Bitcoin futures trading products affect Bitcoin’s price even though they do not directly involve actual real Bitcoin (BTC).“The findings of… More
The post-BitMEX trading arena is not skewed to selling despite BTC/USD nearing $11,500, CryptoQuant data shows. A Bitcoin (BTC) sell-off and associated price fall are “not going to happen,” a well-known the CEO of a well-known analytics tool has said.In a tweet on Oct. 12, Ki Young Ju, CEO of CryptoQuant, noted that average inflows… More
The bulls are buying the dips in Bitcoin and a few altcoins, suggesting that investor sentiment remains positive. The shallow pullback in Bitcoin (BTC) following the news of the CFTC’s regulatory crackdown on BitMEX and the late announcement that U.S. President Donald Trump tested positive for coronavirus shows that the underlying sentiment is still bullish.Generally,… More
EY has added a new solution to its Blockchain Analyzer product suite. Big four accounting firm EY has launched a new solution for investigating on-chain data including Bitcoin (BTC) transactions. The new Explorer and Visualizer solution launched as a part of the EY Blockchain Analyzer product suite. According to an announcement on Sep. 27, the beta… More
3 key indicators signalled that Bitcoin’s rally to the $11K level was a dud. Traders are usually skeptical as Bitcoin (BTC) approaches key resistances, and there was no exception as the price added 7.7% to attack the $11K level. Not every rally will shift technical indicators to overbought levels, but there is usually some gain in… More
It seems that the private sector is not satisfied with the country’s local fiat money. According to ArzDigital, Gholam Hossein Mozaffari, CEO of the Kish Free Zone Organization, hopes that the Iranian government will approve a proposal to use crypto funds, such as Bitcoin (BTC), to pay for car imports on Kish Island in Iran.The… More
Is blockchain the solution in making payments more transparent and secure? With online payments company Wirecard undergoing insolvency proceedings this month, mainstream financial services like VISA, PayPal, and Mastercard are rushing to fill the digital payments void, and be one of the first to offer crypto payment cards, stated experts in the crypto industry.During an… More
Former Trump chief of staff Mick Mulvaney foresees an “avalanche” of regulations if Biden wins the election, what’s this mean for Bitcoin price? Former Trump chief of staff Mick Mulvaney says a Joe Biden presidency would cause an “avalanche” of regulations. Some economists have also voiced concerns that the Biden administration would lead to a… More
Former Trump administration chief of staff Mick Mulvaney, who is known for his positive stance on Bitcoin, is launching a hedge fund. Former White House chief of staff under U.S. President Donald Trump Mick Mulvaney is running a hedge fund. Since 2014 Mulvaney has been recognized as a pro-Bitcoin (BTC) official, encouraging practical regulation of… More
Bitcoin scammers have thus far proven to be unstoppable in Canada. Waterloo, Ontario is the first Canadian city to issue a general warning after 78 residents were duped by crypto scammers in 2020.According to Global News, Waterloo residents have lost more than $430,000 so far this year, with 29 of the 78 falling victim in… More
The East Asia crypto market has reacted fast to news of Beijing’s national digital currency and regional economic tumult. Cryptocurrencies — and Tether (USDT) in particular — could be playing a key role in recent capital flight from China, according to a new report from blockchain analytics firm Chainalysis.The report states that over 44% of… More
A former chief economist of the IMF said neither private digital currencies nor central bank digital currencies should hold a monopoly. The former governor of Reserve Bank of India, Raghuram Rajan, said that private cryptocurrencies like Bitcoin (BTC) and Facebook’s Libra may have a future even when central banks roll out their own digital currencies.Rajan,… More
A look at the difference between halving cycle highs, lows and halving prices delivers huge BTC price targets which their creator cautions are “hopium.” Bitcoin (BTC) needs to hit $340,000 just to match its performance from its last halving cycle, data shows.In a Twitter series on Aug. 20, popular statistics resource ChartsBTC noted that Bitcoin… More
The Middle Eastern restaurant, with three locations across Ontario, announced it would be switching its cash reserves to crypto. A Canada-based Middle Eastern restaurant chain just converted their entire fiat cash reserves into Bitcoin.According to an Aug. 19 tweet from Tahini’s — ‘the best Middle Eastern restaurant in the world’ — the decision to switch… More
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