The U.S. government has a big stockpile of bitcoin stored in a secure wallet somewhere. This bitcoin has been garnered through closing down criminal operations and seizing the assets they had in their possession. All this money eventually gets sold off through private auctions. What Does the Government Do With All the Stolen Bitcoin It’s Recovered? One such auction occurred in the year 2018. Riot Blockchain purchased roughly 500 bitcoin units for approximately $5...
Read More »Study: Bitcoin May Be Increasing the Wealth Gap
Bitcoin has come a long way in the short time it’s been here. However, it was initially designed to diversify wealth and limit the gap between the haves and have nots by giving people the financial freedom and independence they had always wanted. Sadly, things haven’t quite turned out that way, as it appears a wealthy one percent – just like we see in standard finance and business – controls much of the world’s bitcoin supply. Bitcoin Hasn’t Distributed Wealth Evenly A...
Read More »Bitcoin Trading Price on Tight Weekly Range Shows Up or Down Squeeze Is Imminent
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Read More »Michael Novogratz Explains Why Bitcoin’s Volatility Is Likely to Keep Decreasing
Mike Novogratz – CEO of Galaxy Investment Partners – recently gave his thoughts on Bitcoin’s price volatility going forwards. Here’s what he had to say. On CNBC’s Squawk Box, Joe Kernen pointed out to Novogratz that Bitcoin is up 66% on the year, yet down 30% from its high of $69k. He then asked if institutional adoption would lessen this apparent volatility. “I think volatility is coming down,” responded Novogratz. He recognizes how Bitcoin is relatively stable compared to...
Read More »India Delays Its Decision Regarding Crypto Regulation
After touting a new bill that would potentially regulate crypto and declare it a new financial sector within the country’s borders, India has announced it will not be moving forward on the bill at this time. To be fair, this doesn’t mean a ban will be put in place. It just means officials are delaying a decision that was supposed to be made during this winter season in India’s Parliament. India Has Hit a Standstill News emerged less than a month ago that India had...
Read More »Adam White Announces Departure From Bakkt
Adam White – the 3+ year President of Bakkt – has announced that he is leaving the company. His future plans remain a mystery. White announced his upcoming departure in a tweet earlier today. He showed satisfaction with the crypto industry’s maturation from a regulatory standpoint. “Lots of work still to do here but never been more optimistic about the future,” he said. Bakkt is a digital asset manager that started by helping institutions securely hold cryptocurrencies, among...
Read More »Bitcoin Price Analysis: BTC Facing Friday’s Options Expiration, Marks Next Major Resistance
This Friday, 24 of December 21, about $684 million worth of Bitcoin options contracts will expire in Deribit Exchange. The maximum pain price – the strike price that brings maximum loss to option buyers – is $48k. The put/call ratio (PCR) is 0.67. Calls for a $64k strike price have the highest open interest. The last two weeks’ Buy/Sell volume shows that the call seller for the $52k strike still looks at this strike as a resistance for this expiry. Ichimoku cloud could...
Read More »Donald Trump spricht sich gegen Cryptocoins aus
Der ehemalige Präsident der Vereinigten Staaten hat sich deutlich öffentlich gegen Bitcoin und den gesamten Cryptomarkt ausgesprochen. Er sieht in Cryptocoins eine Gefahr, die zu einer „Explosion“ des gesamten Finanzmarktes führen könnte. Crypto News: Donald Trump spricht sich gegen Cryptocoins ausOffenbar versucht sich Donald Trump für eine weitere Präsidentschaftskampagne im Jahr 2024 zu positionieren. In den letzten Wochen trat er wieder vermehrt in den traditionellen Medien auf und auch...
Read More »Bitcoin et les banques – Classement de décembre 2021
Voilà la dernière mise à jour de notre classement des banques. Ce tableau a été conçu à partir des résultats d’un sondage s’adressant à toutes les personnes ayant utilisé au moins une fois leur compte bancaire pour transférer des fonds afin d’acheter ou de vendre des bitcoins ou d’autres cryptomonnaies. Nombre total de participations (depuis août 2018) : 2000 Nombre total de participations en...
Read More »EOS Price Analysis: Bulls Aim Larger Increase Above $3.50
EOS price started a decent recovery from the $3.00 zone against the US Dollar. The price is now trading just above $3.30 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $3.25 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could start a major increase if the bulls gain strength above the $3.45 and $3.50 levels. EOS price is showing positive signs above $3.20 against the US...
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