Considering the fact that the crypto industry has been on a general bullish run recently, it is possible to assume that the value of Ethereum would break the $2000 level even before the end of the week.The two leading cryptocurrencies, Bitcoin and Ethereum, have been on an incredible run since the beginning of the year with both assets reaching new all-time highs. Not only that, the assets have seen an increased interest by institutional investors who have kept pouring in millions of dollars...
Read More »Crypto Lender BlockFi Launches Bitcoin Trust
BlockFi’s annual fee falls 0.25% below what industry leader Grayscale Bitcoin Trust (GBTC) charges investors as BlockFi aims to compete with GBTC for the top spot.BlockFi, the crypto lender and financial services firm, announced on February 9 it has launched a Bitcoin trust managed by BlockFi Management LLC, a wholly-owned subsidiary of BlockFi.BlockFi Management LLC as a sponsor will charge a fee of 1.75% and BTC held in BlockFi’s trust will be custodied by Fidelity Digital Assets Services...
Read More »MicroStrategy CEO Launched Free Online Course about Bitcoin
Called “Bitcoin for Everybody”, the course promises to teach “Bitcoin economics, investment, philosophy, and history, as well as its technical and practical components,” in 12 hours.Michael Saylor, CEO of the largest independent publicly-traded business intelligence company MicroStrategy Incorporated (NASDAQ: MSTR), has launched a new online course to educate people about Bitcoin (BTC). According to Saylor, once completing the course, you will have a basic level of Bitcoin knowledge. It will...
Read More »Elon Musk Started Advising on How to Securely Store Your Crypto
Elon Musk, the latest billionaire to jump on the BTC bandwagon for his company, Tesla, has openly criticized a cryptocurrency wallet called Freewallet app. The executive lashed out on Twitter and urged digital asset investors to steer clear from wallets that don’t provide them with the private keys.Elon Musk’s Security Tip For Crypto InvestorsArguably the most well-known and used phrase in the cryptocurrency space is “not your keys, not your coins.” It refers to the unique way in which...
Read More »Tron (TRX) Price Analysis: More Gains Likely Above $0.05
Tron price is showing positive signs above the $0.0450 and $0.0420 support levels against the US Dollar.TRX price is now facing hurdles near $0.0480, but it is well above the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $0.0480 on the 4-hours chart (data feed via Bitfinex).The pair could start a strong increase if it clears the $0.0480 resistance zone in the near term.TRON price is showing signs of more gains above $0.0480 against the US...
Read More »Bitcoin Price Analysis: BTC Eyes More Upsides To $50K
Bitcoin price rallied to a new all-time high near $48,250 against the US Dollar.The price is now consolidating above $45,500 and the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $47,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to surge above $47,000 as long as there is no break below the $45,000 support.Bitcoin price is trading nicely in a major uptrend above $45,000 against the US Dollar. BTC...
Read More »Lost Passwords or Extreme Silence? Illicit German BTC Miner Refuses to Provide Crypto Login Data
Lost or forgotten passwords to bitcoin and cryptocurrency accounts typically lead to money that cannot be accessed, and according to German prosecutors, this appears to have hindered a recent case of criminal fraud involving bitcoin mining.Lost Passwords Remain a Serious IssueAt the time of writing, law enforcement agents in Germany are holding a man – who currently remains anonymous – that has stored as many as 1,700 bitcoin units in a specific account. The big clincher is that the man...
Read More »Rock Star Gene Simmons Shows Love for Dogecoin
Dogecoin has had many big fans over the years, perhaps the most notable being Elon Musk, but as of late, it appears to have attracted the attention of rock star Gene Simmons, famous for his time with the band KISS.Gene Simmons Is the Latest Fan of DogecoinOver the past week, Dogecoin has been on something of a roll. The currency – which initially started out as a joke asset and can be identified by the adorable little Shiba Inu dog that serves as its mascot – has surged nearly 400 percent...
Read More »Bitcoin Proves JPMorgan Wrong, Hits $40K Again
They said it couldn’t happen again, folks, but they were clearly wrong. After scathing reports from financial giants like JPMorgan emerged claiming that bitcoin could never hit the $40,000 mark again, the asset has done just that. At the time of writing, bitcoin – the world’s number one digital currency by market cap – has shot past the $40,000 mark.Bitcoin Does What Many Felt Was ImpossibleIn late January, JPMorgan took notice of the sudden decline bitcoin was experiencing. At the time, the...
Read More »Bitcoin Price Analysis: After Reaching ATH At $48K – Correction Or $50K Next?
Bitcoin continued to surge by another 7.5% today, allowing the price to record a new ATH at $48,216, according to Bitstamp. BTC has since dropped slightly as it trades, around the $46,5K range, but the bulls are still all around since Tesla had announced the company’s purchase of $1.5 billion worth of BTC.On a weekly timeframe, Bitcoin is up 40% (!). Yesterday, we highlighted an ascending price channel, as shown on the following short term’s 4-hour chart. Toward the end of yesterday, Bitcoin...
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