Crypto news

Everybody knows, at this stage, that the Winklevoss Twins – Cameron and Tyler – are big bitcoin fans. They have become crypto billionaires in recent years and have even started their own exchange in New York known as the Gemini Exchange. It was one of the first companies working in crypto in the Big Apple to obtain a Bit License, which shows you how serious they are about digital currencies.Tyler Winklevoss Explains His Thoughts on BTCRecently, Mr. Winklevoss sat down and commented about all...

A new study shows that approximately 67 percent of millennials think bitcoin is the ultimate “safe haven” asset, beating out gold and other precious metals.Millennials Really Love Their BitcoinThe digital currency first arose in 2008 during the time of the Great Recession. Many of today’s millennials likely spent part of their teen or pre-teen years watching the effects of this recession. They likely saw their parents get laid off their jobs despite years of loyal service. They might have...

It’s always nice to start things off with good news, and today, the price of bitcoin has incurred another heavy surge that’s causing many traders and analysts alike to regain hope that 2020 will end on a high note.Bitcoin Gets Back on TrackAs of late, the world’s number one cryptocurrency by market cap has been suffering. The asset lost more than $1,000 off its price over the past week, dropping from around $19,000 per unit to about $17,900. Things weren’t looking great and many felt that...

CoinShares data reaffirms the narrative that institutional investors continue to allocate considerable amounts into cryptocurrency assets. Last week was the second-highest seven-day period with nearly $430 million inserted in the crypto market, driving the assets under management to an all-time high of $15 billion.Record-Breaking Weeks For Institutional Money In CryptoBy citing data from the digital asset manager CoinShares, Reuters reported the significant growth of institutional money...

The year is 2020, and the world’s leading cryptocurrency, Bitcoin, is trading at above $19,000 – an unimaginable increase in its dollar-value since its inception.BTC has been deemed the best performing asset of the decade, and it shows no signs of slowing down, especially in the current environment of a global pandemic and the potential of a serious financial crisis.Interestingly enough, exactly 10 years ago on this day, Satoshi Nakamoto, the person (or group of people) who started it all,...

Despite growing in price and popularity in the past few months, bitcoin still far away from receiving attention from the masses. A recent study compiled in the UK concluded that only 10% of the participants had purchased BTC, with Londoners being most akin to bitcoin exposure.10% Of UK Citizens Bought BTCFollowing the latest developments in the cryptocurrency markets when the prices started booming once again, Opinium and AltFi conducted a survey to garner people’s perspective on digital...

Bitcoin has successfully bucked the bearish trend that’s been suppressing prices for the past 10 days, following a strong bullish RSI divergence breakout that we predicted in the previous analysis.After briefly dipping underneath the 200-MA on the 4-hour chart for the first time in over 60 days, strong buying momentum returned behind the asset and has since driven BTC up over $1,680 in under 48 hours.Over $40 billion has returned to the market since the trend reversal and has helped lift...

Just two days after bottoming at $17,500, bitcoin has recovered the losses and spiked back beyond $19K, as of writing these lines. Most major altcoins are also green, besides Ripple (XRP), which continues to drop in value following the Spark (FLR) airdrop snapshot.Bitcoin Soars Above $19,300: Overvalued?The primary cryptocurrency had a volatile past several days. Last Friday, just two days ago, It went from trading safely around the $19K mark to as low as $17,500.However, after Wall Street...

The world wants crypto and Grayscale knows it. After announcing a massive purchase of over $280 Million in Bitcoin last week, Grayscale is now also betting on Ethereum.According to a report issued by Grayscale to the SEC, the company revealed having purchased 11455 ETH for a total of $74,135,609. The decision follows a terrific year for Ethereum, with the rise of DeFi projects and the launch of Ethereum 2.0 as the leading reasons behind the price rally of its native token, ETH.Genesis...

Despite nearly two years of delays and several regulatory hurdles, Facebook’s Libra – now called Diem – is still looking to carve out a place for itself in the crypto space.Diem Is Still Trying to Move ForwardFacebook first entered the cryptocurrency environment in June of 2019, announcing that it was looking to establish a global payment system and unveil a new digital asset it was calling Libra that could potentially be utilized to purchase goods and services through the social media...