Bitcoin (BTC)

Following yesterday’s massacre, the cryptocurrency market has begun its Christmas recovery session. Bitcoin is getting towards $24,000, currently trading less than $500 from a new all-time high, while most altcoins have bounced off hard with impressive double-digit increases.Bitcoin Eyes $24,000The primary cryptocurrency went on a roller-coaster in the past few days with several notable price moves resulting in a new all-time high and a subsequent $2,000 drop.This price action had repeated...

Mike Novogratz – a billionaire investor and former hedge fund manager – is not an insensitive man. He acknowledges that 2020 was wracked with hardship, and that the year has been difficult primarily thanks to the spread of the coronavirus pandemic. He sees that it has led to considerable damage in our economy and has contributed to numerous deaths.Novogratz Believes COVID Had a Positive SideHowever, he’s not one to just turn his back on the positives altogether. In many ways, he believes the...

Paxos Trust – the official cryptocurrency partner of PayPal – has garnered more than $140 million in fresh funding through a Series C funding round.Paxos Trust Is Getting Its Hands on a Lot of MoneyThe round was led by a company known as Declaration Partners, an investment enterprise backed by billionaire and philanthropist David M. Rubenstein. Other companies to take part in the funding round include Mithril Capital, RIT Capital Partners, RRE Ventures and Liberty City Ventures.CEO of Paxos...

Bitcoin’s latest supporter Ray Dalio is dealing with a harsh family tragedy at the time of writing. He took to social media recently to report that his son, Devon Dalio, had been killed in a car crash.Ray Dalio Reports the Death of His SonThe 71-year-old billionaire hedge fund manager explained on Twitter:It is with great pan that I am sharing with you that my 42-year-old son was killed in a car crash yesterday. My family and I are mourning and processing and would prefer to be incommunicado...

A day after the former chairman of the United States Securities and Exchange Commission, Jay Clayton, stepped down, the watchdog has its new chief in the face of Elad Roisman.Hester Peirce, an SEC Commissioner who’s well-known within the cryptocurrency community for her stance on a potential Bitcoin ETF, broke the news that the Commission has a new Chairman.According to Peirce’s tweet, taking up the position would be Elad Roisman.Congratulations, Chairman Roisman! I look forward to your...

On Wednesday, President Trump’s Working Group on Financial Markets published a report regarding stablecoins retail payments perception amongst the public.A certain leading US financial regulators group has recently issued a new statement regarding stablecoins. The group recommended that the same regulation used in other financial systems ought to be applicable to stablecoins. This decision was based on the fact that traders usually rely on stablecoins to purchase cryptocurrencies like Bitcoin...

Eigentlich hatten beide US-Parteien einem großen Stimuluspaket zugestimmt, welches ungefähr 900 Milliarden US-Dollar in den Markt pumpen sollte. Doch der noch amtierende US-Präsident Donald Trump verweigerte seine Zustimmung, wodurch der Stimulus zumindest aufgeschoben wurde. Bitcoin verlor dadurch wieder leicht. Bitcoin News: Trump lehnt Stimuluspaket ab und Bitcoin verliert leichtIn Haus und Senat war das Stimuluspaket bereits abgenickt worden, wodurch Republikaner und Demokraten...

Although the average fees on the Bitcoin blockchain network have increased lately to above $10, one user recently paid a significantly higher amount. He spent more than $80,000 (nearly 3.5 BTC) when transferring bitcoin worth a little over $1.$80K Fee For A $1.16 TransactionBeing established as an electronic peer-to-peer cash system, the Bitcoin blockchain allows users to send and receive transactions over the Internet regardless of the physical location. Moreover, transactions are typically...

Former presidential candidate, member of the United States Democratic Party, Andrew Yang, has filed paperwork to run in the upcoming 2021 New York mayoral race. Yang has previously called for more transparent and uniform regulation around cryptocurrency.Andrew Yang to Run for New York City Mayor in 2021Earlier this year, Yang’s bid to the Presidency ended as he quit the race but this doesn’t seem to have deterred the politician from running for another influential position – that of New...

EOS started a strong decline from well above the $2.800 support zone against the US Dollar.The price is currently correcting higher from $2.000, but it is well below the 55 simple moving average (4-hours).There was a break below a major bullish trend line with support at $3.000 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could continue to move lower as long as it is below the $2.650 resistance level.EOS price started a fresh decline below $2.800 and $2.650...