Bitcoin has finally done it. After months of waiting, the world’s number one cryptocurrency by market cap has surged past the $13,000 line. The currency has been making its way towards this figure for the past several days following an announcement by PayPal that users can now utilize crypto to purchase goods and services, and the news has had positive impacts on cryptocurrency everywhere.Bitcoin Is Again Reaching the TopBitcoin is now trading for its highest position in over a year, and many...
Read More »Analysis: Are CBDCs a Threat For Bitcoin or The Opposite?
Ever since Facebook announced its plans to create a digital payment currency dubbed Libra, central bankers have tried to counter it with an invention of their own. While Libra is facing regulatory troubles, a BIS report indicated that over 80% of the world’s central banks are currently developing a central bank digital currency (CBDC). The idea and purpose of a CBDC are fundamentally different than everything Bitcoin stands for. As such, the community has been speculating on...
Read More »Ripple Board Member Arrested on Cyberstalking Charges
Ripple board member and a close family friend of US President Donald Trump, Ken Kurson, has been arrested following allegations of cyberstalking. According to the New York Times, Kurson has stalked and harassed a total of five victims, including his ex-wife. He was reportedly most vicious against a friend of his ex-wife, whom he blamed for his divorce. He used pseudonyms to contact the hospital she worked and sent fraudulent emails claiming that she had an affair with her...
Read More »Bitcoin Breaks New 2020 High As Total Market Cap Topped $400 Billion (Market Watch)
Bitcoin continues with the 2020 records and just a few hours ago marked a fresh high of above $13,350. Most alternative coins followed suit with impressive increases, but the market has calmed since then. The entire cryptocurrency market clocked at above $400 billion. Bitcoin To Yet Another 2020 High CryptoPotato reported a few days ago that the primary cryptocurrency exceeded the August 2020 high of about $12,500 and reached $13,200. What followed was a slight retracement to...
Read More »Bitcoin Just Marked New 2020 High, But This Indicator Signals Correction Incoming (BTC Price Analysis)
Starting by looking at the bigger picture, Bitcoin price had made a remarkable run since October began, gaining almost $3000 to its value. Looking at the following long-term weekly chart, we can see this week’s greenish candle that will be closed later today. From a technical point of view, as long as the candle close price is above the $12,500 area (previous high) – we can safely say that BTC is on a healthy uptrend. BTC/USD weekly. Chart by TradingViewThe Good and The Bad:...
Read More »Some Don’t Think the PayPal-Bitcoin Relationship Is Any Big Deal
It was recently announced that mega online payments firm PayPal would now allow users to purchase both goods and services with bitcoin and other forms of cryptocurrency. Some have called this news huge, such as Mike Novogratz, who believes that bitcoin is about to march deeper into mainstream territory.Some Say “So What” About PayPal Permitting BTCFor others, however, while the news is ultimately positive for bitcoin and the digital payments community, they don’t consider it a huge...
Read More »Fairspin Pro Gambling Tool: New Design for Top Players
Fairspin Pro Gambling Tool: New Design for Top Players The Fairspin blockchain casino team has redesigned the site and made it easier to access for players who value fair play as much as they value easy deposits and withdrawals. What’s new? The most significant innovations concern the ways to recharge the game balance. The Fairspin team promised multi-currency deposit methods,...
Read More »Paul Tudor Jones: Bitcoin Is the Best Tool to Fight Inflation
Bitcoin has been spiking as of late thanks to news that PayPal is permitting users to purchase goods and services with cryptocurrency. However, according to Paul Tudor Jones, inflation is so bad right now that this is proving to be a heavy motivator behind everyone trying to get their fingers on bitcoin.Paul Tudor Jones Has Some Praise for BTCWhile news of PayPal accepting bitcoin payments is certainly huge, Jones – a billionaire investor – comments that people’s attitude towards bitcoin is...
Read More »Is Bitcoin About to Pull Back Thanks to Investor Behavior?
Bitcoin has been skyrocketing over the past few days, and the number one cryptocurrency is currently trading for about $12,965 at the time of writing, the highest it’s been all year.Bitcoin Is Getting Stronger in Certain RegionsAccording to one source, however, the currency has already crossed the $13,000 threshold in several other countries including Brazil, Turkey and Argentina. What’s interesting is that at press time, these countries’ native fiat currencies have been experiencing heavy...
Read More »Binance Bitcoin Futures Markets Clock Highest 24h Volumes as Institutions Go Long
With bitcoin’s latest rally beyond the $13,000 mark, it seems like the next bull market is here. It can be seen from BTC markets that have been on fire for the last 7 days, including derivatives. The latest data shows that bitcoin futures markets on Binance have clocked the highest 24h BTC futures volumes amongst all platforms. This comes amid the exchange registering $760 million in open interest. Binance Experiences Explosive Bitcoin Futures Market Action Bitcoin rallied...
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