Every now and then, the cryptocurrency community is taken ablaze by a new project that does the rounds.Now, it seems that Bitclout is where all the rage is – a new type of social network, the intention of which is to enable users to speculate on people and posts with real money.Let’s have a closer look at what Bitclout is and why it is so popular right now.What is the Bitclout Network?Bitclout is a new decentralized protocol that brings forwards a social network, enabling users to speculate...
Read More »Fed Chairman Jerome Powell Says No Rates Hike Soon, Bitcoin (BTC) Jumps Back to $59K but Is at $55K Again
The Fed chairman said that it will continue with its monetary easing policy through 2023 with no major hikes in interest rates. BTC price gained 6% post Powell’s comments. Giving a brief of the US Economic Outlook on Wednesday, March 17, Federal Reserve Chairman Jerome Powell said that they would be continuing with zero-interest rates at least through 2023.Powell’s statements offered a major confidence boost to the market. The near zero-interest rates will also allow corporates to borrow...
Read More »Banking Giant Morgan Stanley to Offer Its High-Profile Clients Access to Bitcoin Funds
Sources familiar with the matter said that the banking giant is willing to offer its wealth management exposure to Bitcoin via some products instead of direct ownership. In a first-of-its-kind move, US banking giant Morgan Stanley said it will allow its wealth management clients to gain access to Bitcoin funds. In an internal memo released to its financial advisor on Wednesday, March 17, the banking giant made the announcement.Morgan Stanley is a big name in wealth management with over $4...
Read More »Coinbase Reaches $68B Implied Valuation Ahead of Nasdaq Listing
A successful Coinbase listing may result in further Bitcoin rally with the embrace of Coinbase into traditional markets being regarded as a wider acceptance of the crypto assets.Ahead of Coinbase listing, regulatory filings on Wednesday reveal that the company’s valuation has risen to $68 billion. This happened after private shares climbed 13 fold in the last few months.In 2018, Coinbase was valued at about $8 billion according to PitchBook data. Since then, the largest crypto exchange in the...
Read More »Bitcoin is Too Volatile, Impractical, and Fails as a Store of Value: Bank of America
While Morgan Stanley and JPMorgan have taken a more pro-BTC approach, another giant US financial institution, Bank of America, has issued a report bashing the asset. In it, researchers called bitcoin impractical, exceptionally volatile, and questioned its store of value status.BoA Slams BitcoinCited by the Financial Times, the Bank of America’s report on bitcoin took a stab at several attributes, including its highly volatile nature. The researchers claimed that this “exceptional volatility”...
Read More »Don’t Be Spooked by Corrections, Investors Target Bitcoin at $100K in 2021
Bitcoin, after setting its new all-time high of $62,000, retreated to $54,000 in several hours and caused a total of $1.74 billion Bitcoin positions to be forced liquidated. Unlike the last few times, the 6% decline didn’t scare away many investors. Bitcoin believers on Twitter claim this another good opportunity to amass more cheap Bitcoins. Many of them get their confidence from the Stock to Flow (S2F) model of analyst Plan B. The S2F model has made some accurate...
Read More »EOS Price Analysis: Bulls Eye Fresh Rally Above $4.50
EOS is gaining pace from the $3.680 support base against the US Dollar. The price is currently trading above the $4.000 support and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $3.900 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to continue higher above the $4.250 and $4.500 resistance levels. EOS price is showing positive signs above $4.000 against the US Dollar, similar...
Read More »Litecoin (LTC) Price Analysis: Why Break Above $210 Is Important
Litecoin price is recovering from the $190 support zone against the US Dollar. LTC price is now trading above the $200 level and testing the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $200 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must clear the $210 resistance to start a strong increase in the near term. Litecoin price is consolidating above $195 and $200 against the US Dollar, while...
Read More »Don’t Be a Target — Trade Behind a VPN
Cryptocurrencies were among the few bright spots of the otherwise bleak 2020. Bitcoin alone saw its price climb by 500% over the course of the year — and judging from the data from early 2021, the trend isn’t about to change. Crypto adopters stand poised to make a killing, but they have to be careful: these new fortunes also bring increased risks. NORDVPN DEAL: SAVE 68% Aren’t cryptocurrencies completely secure? It’s true that crypto is much safer than traditional...
Read More »E-Meetup Becrypto
Notre e-meetup de MARS 2021 est planifié pour le MERCREDI 31 à 19h00 et vous sera comme d’habitude délivré sur la plateforme de réseau social Discord en suivant le lien bien connu de Becrypto : https://discord.gg/zzfJDMA A l’initiative de : Bitcoin Liège & meetup crypto-monnaies Bruxelles Premier thème : de l’usage direct de Bitcoin Philippe Laloux va nous expliquer comment, grâce à...
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