Bitcoin (BTC)

Many people still don’t think a bitcoin exchange-traded fund (ETF) is possible in 2020.An ETF Probably Still Won’t Happen, Survey Takers SayThe subject of a bitcoin-based ETF has been the cause of much controversy in the United States. The Securities and Exchange Commission (SEC) has been wary of such products and has commented that it doesn’t want to approve one until it has clear and direct evidence that the crypto industry is no longer subject to volatility and the same market manipulation...

Is bitcoin losing its way? According to Bloomberg, the network of bitcoin (BTC) – the world’s biggest cryptocurrency by market cap – is more centralized than ever.Is Bitcoin Becoming the Opposite of What It Was?One of the big problems that we continually see with various cryptocurrency blockchains is that they will often sacrifice security or decentralization for things like speed. While fast transactions are always nice, one needs to wonder if speed is worth it if it means putting people’s...

The creation of a Bitcoin Emoji on Twitter today has increased the largest cryptocurrency’s social media awareness. The social media’s CEO, Jack Dorsey, and other influential community members are also sharing the “#Bitcoin” trend that has ultimately transcended the online space.Bitcoin Emoji Inspires Bitcoin HashtagEarlier today, the popular social media platform, Twitter, introduced a new Bitcoin emoji. Naturally, the whole cryptocurrency community reacted with overexcitement by sharing the...

Bitcoin is yet too volatile to threaten the existence of cash, and the latter will survive, states a new report conducted by Deutsche bank. Moreover, the report claims that digital assets will help with rebalancing the global economic power.Deutsche Bank had seen better years than in 2019. The German bank had to layoff 18,000 of its employees during recent July as a part of a longer-term reduction plan to cut its workforce to 74,000 by 2022.As of writing these lines, the bank’s market cap is...

Bitcoin price has risen to new monthly highs. The price made a historic jump in January. It has risen about 10% this week alone and about 30% since December. Recent data points to the Bitcoin price rise to current levels from $7,208 at the end of 2019. Now the coin is trading around $9,395. This coincides with a similar rally in January 2013. Bitcoin prices rose by 54.5% then. A pattern for Bitcoin prices may be emerging. Based on past performances of the digital asset, prices may be set for...

The total number of cryptocurrencies crawling all over the crypto space is now no less than a thousand. And more cryptocurrencies are rising by the minute.A little more than a decade since the first digital currency and we’ve had cryptocurrencies that failed their hyped potential and other ones that surprised us. In this article, we will be listing the top five cryptocurrencies you are better off paying attention to at the start of a new decade.We will touch on the past history, performance,...

Twitter’s Bitcoin emoji has been introduced. This has generated lots of excitement within the crypto space. Twitter’s cryptocurrency community has been on fire as the Bitcoin symbol has been trending. However, it could have been rather expectable. Twitter’s CEO Jack Dorsey has been known to be a Bitcoin fan for many years now. His recent tweet has got a lot of positive feedbacks.#bitcoin cc:@unicode— jack ??? (@jack) February 2, 2020The Bitcoin symbol was approved as a Unicode symbol in 2017....

Before the weekend, we saw Bitcoin trading safely and easily on its way to $10,000. However, on our recent analysis two days ago, we had pointed out on some indicators that might put some bearish pressure on the cryptocurrency.Since then, we saw a correction of almost $300 down to a current daily low of $9130 (Bitstamp rate). On the bigger time-frame, in case this correction doesn’t go lower, it seems very healthy for the short-term since this level is a little above the 38.2% Fibonacci...

China is going crazy when it comes to bitcoin… bitcoin and gold.China BTC Action Is Booming for Sad ReasonsBoth assets make sense considering they are likely considered “safe havens” in that country and abroad. Both are known for retaining one’s wealth, especially in times of economic strife or some other global catastrophe.Right now, the catastrophe that China is facing is the new coronavirus that’s spreading through its provinces. Thus far, more than 200 people have died from the disease,...

Nobody can deny that bitcoin is doing quite well as of late, but in many ways, it still suffers at the hands of traditional stocks, one being that of Tesla owned by South African entrepreneur Elon Musk.Musk Has Power of BTCTesla stock is up by more than 30 percent, and BTC is hurting at the hands of this stock and others like it. Bitcoin was only bullish during the later period of October 2019 during the past six months, and even then, the spikes did not last. All other months were devoted to...