Bitcoin (BTC)

The trend of giant banks developing crypto services is expanded beyond the US with Switzerland’s UBS Group AG. The institution plans to enable its wealthy customers exposure to digital asset investments later in the year. By citing people familiar with the matter, Bloomberg reported that UBS Group AG is in the “early stages of planning to offer wealthy customers digital currency investments.” The bank, based in Zurich, Switzerland, with over $1 trillion in Assets Under...

Michael Saylor, co-founder, and CEO of the business analytics company MicroStrategy believes it is not wise to bequeath the trendy cryptocurrency Dogecoin to your grandchildren. In comparison, he outlined BTC’s potential and breached the significant differences between the primary cryptocurrency and the meme token. Saylor Warns About Dogecoin Investments In a recent interview, MicroStrategy’s leader – Michael Saylor – touched upon Elon Musk’s recent tweets and public...

After reaching today’s high of $59,600 according to bitstamp, Bitcoin reversed back into the rising wedge it is currently trading inside as can be seen on the following 4-hour chart. BTC performed well over the weekend as it broke above a descending trend line on Saturday, and climbed above the Feb 2021 highs of $58,355, however, yesterday’s daily close was below the significant resistance area. As mentioned above, today’s current high is the upper boundary of an ascending...

In addition to announcing ICP support, OKEx also revealed that its new investment arm Blockdream Ventures would invest up to $10 million in the development of the Internet Computer ecosystem.Huobi Global Ltd and OKEx exchanges have announced the launch of ICP – the native crypto asset of the Internet Computer built by the DFINITY Foundation. On Huobi, ICP deposits will be available at 16:00 (UTC).Huobi x $ICP – The #InternetComputer is finally here!? Huobi announces the launch of $ICP...

The Morgan Creek chief executive officer believes that Bitcoin hitting $250k is a possibility in a few years. He, however, believes that DOGE will fall off.Morgan Creek Capital Management CEO Mark Yusko is very bullish on Bitcoin, joining many optimistic members of the Bitcoin community. According to the fund management exec, Bitcoin could hit $250k in five years.Currently trading over $58,000 according to CoinMarketCap data, Bitcoin is experiencing noteworthy difficulty with breaking through...

Ethereum (ETH) continues its mega rally taking its year-to-gains at above 460%. As ETH Mega bull run continues, the demand for Ether derivative products increases. The world’s second-largest cryptocurrency Ethereum (ETH) has surged 5% further to a new all-time high above $4100. At press time, ETH is trading at a price of $4126 with a market cap of $478 billion. This makes Ethereum now the 19th most valuable asset in the world toppling giants like Walmart and Johnson & Johnson.At its...

Stellar lumen price started a fresh increase above the $0.5500 resistance zone against the US Dollar. XLM price is now trading well above $0.6000 and the 55 simple moving average (4-hours). There is a crucial bullish trend line forming with support near $0.5800 on the 4-hours chart (data feed via Kraken). The pair is likely to accelerate higher above the $0.6800 and $0.7000 resistance levels. Stellar lumen price is gaining pace above $0.5500 against the US Dollar,...

Charlie Munger – who is the righthand man of Berkshire Hathaway CEO Warren Buffett – hates bitcoin probably even more than his boss does. Charlie Munger Has No Bitcoin Love As the vice chairman of the company, Munger states that bitcoin’s success over the last several years makes him nauseous, and that the currency’s background as a go-to token of illicit behavior should have ultimately given it the boot early in the game. Munger commented in a recent Q&A: Of course,...

Gary Gensler – the new head of the Securities and Exchange Commission (SEC) – says that while he understands why so many people are eager to jump aboard the crypto bandwagon and invest in these new assets, there is still too much fraud meandering about, and more regulations need to be implemented as a means of protecting people from illicit behavior. Gary Gensler Wants More Crypto Regulations One of the big problems Gensler has with crypto – bitcoin specifically – is...

Well, there is good news and there is bad news. The good news is that there have been three instances of stimulus funds being doled out to needy Americans. Thus, if you were struggling due to the coronavirus pandemic, you likely got a little bit of unexpected help in the amount of $3,200 or something similar. The bad news is that if you did not invest that money into Dogecoin, you likely missed out on a big opportunity. Dogecoin Is Growing Like Mad While it is not our...