Bitcoin (BTC)

Billionaire venture capitalist Tim Draper says the bitcoin price will skyrocket to $250,000 soon after the May 2020 ‘halving’ event. As astounding as that sounds, Draper’s projections are in line with bitcoin’s historical trend. Draper correctly predicted the ‘crypto winter’ bear market of 2018-2019 in September 2018. He’s made over $200M from BTC so far. When Tim Draper talks about good tech investments with enormous profit potential, markets listen. Some of the Silicon Valley...

December is almost over, and it’s safe to say that it has been action-packed. Over the past week, Bitcoin’s price went on a rollercoaster, dropping to a low of around $6,500 only to correct to approximately $7,200 where it currently trades, leaving many to question whether the bottom was already in. Looking at the bigger picture, however, one year ago, Bitcoin was trading at around $3,122, which means that it has managed to more than double its value.It’s worth noting that while the price was...

Bitcoin Cash (BCH) was adopted by a Burger King restaurant in Slovenia, making it the first cryptocurrency to be transactable in physical Burger King stores. A video posted to social media on Friday shows two Bitcoin Cash users pay for their food using BCH from their mobile wallets. Burger King Goes Crypto Slovenia has become a cryptocurrency hotspot in recent years. Already over 300 merchants accept BCH as a payment method. The adoption of BCH in Slovenia was sped up by the...

According to Arianna Simpson, founder and managing partner at ASP, Binance just increased the heat on the staking market. It offers 0% staking fees for the XTZ fans, a week after Coinbase‘s announcement of XTZ support. This is the beginning of a staking war, where centralized players take operational costs on themselves and achieve brand recognition, new clients and centralization of the future market.1/ Coinbase adds automatic staking for XTZ, and less than a month later, Binance introduces...

BitcoinBitcoin went through a rollercoaster of price action this week. On Monday, the cryptocurrency started to fall, and it dropped by a total of 10% by Tuesday to reach a low of $6,430. However, after that, it rebounded higher, gaining a total of 15% to climb back above the $7,000 level and reach the current support of $7,125.If the buyers continue to drive the coin higher, an initial resistance is expected at $7,400. Above this, resistance lies at $7,686 (bearish .382 Fib Retracement), and...

After going through another volatility earlier this week, which pushed its value down to as low as $6450 on major exchanges, Bitcoin has made a quick recovery above $7,000 and is currently trading at $7,200, indicating a 1.12% gains on the daily chart. Meanwhile, Bitcoin’s dominance continues to increase and it stands at 68.3%. This week’s drop didn’t only cause panic among traders but also turned the entire market into a red zone. Bitcoin’s quick recovery, however, has given a sense of hope...

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Binance has made a minority investment in the derivatives exchange FTX becoming the first outsider investor in the firm. As part of the deal announced on December 19, the crypto trading platform company acquired equity in the FTX derivatives firm. Additionally, it bought long positions in the FTX native Token, FTT. In that context, Sam Bankman-Fried, FTX founder and CEO said:“The investment will help accelerate the growth of FTX with support and strategic advisory from Binance while FTX...

Gold bugs certainly have had quite the field year in 2019. The price of gold, even though it’s had ups and downs like pretty much every other asset, has still brought in significant year-to-date (YTD) returns so far. The price behavior might be seen by gold bugs, especially those who are anti-Bitcoin, has a feather in the yellow metal’s hat, against Bitcoin, especially recently.2019 was an interesting year because of quite a few factors. These factors including trade problems, cross-border...

Brian Armstrong, CEO of cryptocurrency exchange Coinbase, has recently secured a patent for sending Bitcoins via email. Initially filed in March 2015, the patent was finally rewarded this week on Tuesday, December 17.Basically, the patent describes a method for cryptocurrency payments by linking the email addresses to their corresponding wallet addresses. Once the sender makes a request to send crypto payments to an email address, the system automatically sends the desired amount.Note that...