Bitcoin (BTC)

“Let fury have the hour, anger can be power. Do you know that you can use it?” — The Clash Max Keiser and Stacy Herbert (Keiser Report, Global Insurrection Against Banker Occupation, Orange Pill Podcast) will rage against the clampdown, live from the Spider House in Austin Texas on 8 July. “Bitcoin is eating the world. It’s time to party. I’m pumped,” said Keiser, hot off his viral performance at Bitcoin 2021. “We punch up!” said Herbert. “Fuck Elon! We’re bored of the FUD...

The Basel Committee on Banking Supervision has released guidelines detailing huge capital requirements for banks looking to explore the crypto space.Regulators have cautioned banks contemplating diversifying into the volatile world of crypto assets. This year has seen a growth in interest of financial institutions looking to broaden their offer. The Basel Committee on Banking Supervision cautioned the lenders to exercise care in investing in digital currencies.The committee further announced...

Michael Saylor’s business intelligence giant now owns over 100,000 bitcoins after the company purchased another chunk of 13,005 BTC for nearly $500 million. Consequently, the firm now has 0.5% of all bitcoins ever to exist. The founder and CEO of the NASDAQ-listed company announced the latest purchase earlier on June 21st. It came after the firm raised $500 million through an offering of senior secure notes, as reported earlier. MicroStrategy has purchased an additional...

Cardano founder Charles Hoskinson called Bitcoin outdated, owing to its inefficient community and work culture. The founder of Cardano Charles Hoskinson claims that Bitcoin, one of the most famous crypto assets in the world, will be the reason for its downfall. Owing to its slow rate of exchange, the Proof-of-Work system will be expropriated by the more convenient Proof-of-Stake networks.During a Podcast with Artificial Intelligence scientist Lex Fridman, the IOHK founder asserted that the...

The Chinese crackdown on crypto continues to escalate with a new statement from the nation’s central bank banning more banks and payment providers from interacting with digital assets. CryptoPotato reported today that one of the country’s largest banks, the Agricultural Bank of China, had prohibited its clients from doing business with anyone even remotely connected to the crypto space. Although that had an immediate adverse effect on the market, with prices starting to...

Following a somewhat stagnant weekend in which BTC remained in a range between $35,000 and $36,000, the asset dumped to a two-week low of just over $32,000. Most alternative coins have performed even worse, with ETH plummeting beneath $2,000 for the first time since May. Altcoins in Red; ETH Below $2K Altcoins have been gradually declining in value for the past several days. Ethereum has been at the forefront as it traded well above $2,600 less than a week ago. However, the...

Stellar lumen price struggled to clear the $0.3500 resistance zone against the US Dollar. XLM price is now trading below $0.3000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.3080 on the 4-hours chart (data feed via Kraken). The pair is likely to extend its decline as long as it is below the $0.3500 resistance level. Stellar lumen price is facing hurdles near $0.3200 and $0.3500 against the US Dollar,...

Not too long ago, El Salvador announced that it would make bitcoin legal tender. Thus, the Central American nation became the first to permit bitcoin’s full use as a currency. However, now it looks like the country’s plans have hit a snag as the World Bank is saying it will reject El Salvador’s request. The World Bank Will Not Help El Salvador To be fair, El Salvador does not necessarily need permission from the World Bank to implement bitcoin’s status as a payment...

Is bitcoin about to experience a “short squeeze?” According to many analysts, the answer is yes. A Short Squeeze Is in BTC’s Future, Analysts Say A short squeeze is when an asset that has been doing poorly suddenly skyrockets in price due to several traders making bets against it. As of late, the world’s number one digital currency by market cap has been trading in the doldrums, losing close to $30,000 off its price since reaching its latest all-time high of...

The S2F model is currently suggesting that, in the worst-case scenario, BTC will surpass $98K by November, which is highly optimistic given recent market developments. S2F’s Methodology & Accuracy Comparing Bitcoin to precious metals like gold and silver, PlanB has used statistics to outline a defined relationship between the value and scarcity of a given asset. The basic hypothesis is that the easier it is to produce a good, the harder it is for it to retain value,...