Bitcoin (BTC)

Citi says that another cryptocurrency might be able to usurp Bitcoin from its current high position citing the fact that altcoins have witnessed their market cap grow by almost 4 times in 2020.Citi Bank has released a new report that indicates that Bitcoin is at a “tipping point” of its evolution due to the increased investments in the asset by leading institutions and the ongoing regulatory works being put in place by the authorities. According to the report, the digital could evolve to...

Bitcoin saw a strong rebound today as it recovered from yesterday’s low at $43,000 to over $48K, where it is trading as of writing these lines.The cryptocurrency had been in a downtrend for the previous week as it dropped by over 25% to reach its weekly low yesterday, at the mentioned-above level of $43K (according to Bitstamp).During the correction, Bitcoin had broken beneath an ascending price channel that it was trading within throughout February. However, over the past days, BTC was...

Rakuten users will be able to shop using Bitcoin, Ethereum, and Bitcoin Cash.Japanese e-commerce and online retailing company Rakuten Inc (TOKYO: 4755) has added crypto services to its payment platform. According to an announcement through its official webpage, Rakuten users will be able to shop using Bitcoin, Ethereum, and Bitcoin Cash.The move by Rakuten to adopt cryptocurrencies in its platform is a major plus for the entire crypto market. The firm is reported to have over 95 million...

The giant social media platform Twitter has announced plans to raise $1.25 billion through a convertible senior notes offering. Although the company breached “corporate purposes” as the main reason, cryptocurrency proponents speculated if the firm could pull a MicroStrategy and allocate the funds in BTC.Twitter to Raise $1.25BAccording to a press release from earlier today, Twitter will offer a $1.25 billion aggregate principal amount of convertible senior notes due in 2026. The endeavor will...

PlanB, the creator of the well-known Stock-to-Flow (S2F) Bitcoin model, took it to Twitter to provide an update on how the cryptocurrency is performing following the latest developments in the market.BTC continues to follow the S2F cross-asset (S2FX) model “like clockwork,” despite the most recent correction and is still on track to reach $288,000 by 2024.What is the S2FX?First things first, the stock-to-flow cross-asset model takes a new approach compared to the stock-to-flow model. It...

FD7 Ventures, the cryptocurrency-oriented fund that recently vowed to dispose of its BTC holdings for ADA and DOT, has set up a $250 million micro-fund focusing on investments in teams working on the ecosystems of Polkadot and Cardano.FD7 Goes to India for DOT and ADABased in Dubai, UAE, FD7 is a crypto-oriented investment fund with over $1 billion in assets under management (AUM). The firm recently announced somewhat bold plans to dispose of $750 million of its BTC holdings and allocate the...

The development of Bitcoin is only just underway, but the financial environment is already evolving. In this respect and consideration, it is vital to recognize how the financial system and demand will shape in the next few years. Here are some obvious implications of cryptocurrency on the international economy. Global Expenditure Shifts are becoming very common. Now, several investors and shareholders include digital currencies, specifically Bitcoin to their...

Tether, the company issuing the most widely-used stablecoin, USDT, has revealed that it got a ransom demand for 500 BTC. The sender has threatened the company to leak documents to the public that would “harm the bitcoin ecosystem.”Tether Gets a 500 BTC Ransom DemandTether, the issuer of the popular USDT stablecoin, took it to Twitter to reveal that someone had threatened to leak documents to the public in an attempt to “harm the bitcoin ecosystem.”The company explained that “forged documents...

Stellar lumen price started a sharp decline from well above $0.5000 against the US Dollar. XLM price is now consolidating well below $0.4500 and the 55 simple moving average (4-hours). There is a major triangle forming with resistance near $0.4490 on the 4-hours chart (data feed via Kraken). The pair could start a strong increase if there is a clear break above the $0.4500 resistance zone. Stellar lumen price is correcting losing from $0.3400 against the US Dollar,...

What started out as a normal trading day for some PDAX customers led to a favorable turn of fortune, or so it seemed. Their euphoria may have been short-lived by a harsh reality check as the Philippine-based exchange prepares to take legal actions.Philippine Digital Asset Exchange (PDAX) suffered a flaw that led to bitcoin trading 88% below its actual price. The exchange reported that a surge in trading activity was the cause. At the time, bitcoin was trading north of $50k, but traders were...