Crypto news

Bitcoin price started a steady increase above the $11,000 resistance against the US Dollar.The price is now trading well above the $11,240 support and the 55 SMA (H4).There is a key bullish trend line forming with support near $11,320 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to rally further if it clears the $11,450 and $11,500 resistance levels.Bitcoin price is trading in a positive zone above the $11,240 pivot level against the US Dollar. BTC...

In times of pandemic, uncertainty, and risk, exposure to new of investments is more a necessity rather than a recommendation. According to Fidelity, one of the largest brokers in the U.S., Bitcoin is an excellent investment for those considering to exit banks and enter the markets.In October 2020, Fidelity Digital Assets, a branch of Fidelity focused on the crypto markets, released a report named “Bitcoin Investment Thesis: Bitcoin’s Role As An Alternative Investment.” In it, they analyze...

The Department of Justice (DOJ) is once again attacking bitcoin and cryptocurrency, claiming that they are agents of numerous financial crimes throughout the United States and abroad.DOJ: BTC Is a Threat to America’s FutureThe DOJ is going so far as to claim that bitcoin and other digital currencies qualify as threats to national security, with US Attorney General William Barr referring to crypto as “the first raindrops of an oncoming storm.”The idea behind bitcoin was that it would...

The Chinese digital yuan is now a thing of reality. Following what has been a lengthy period of testing, the People’s Bank of China has launched approximately $1.5 million worth of the virtual currency.The Digital Yuan Is Being Released on 50,000 PeoplePrior, the digital yuan was being tested through American businesses such as Subway, but now, it looks like the currency has entered a whole new phase of its development process. The currency’s pilot program saw the Shenzhen Municipal...

Yet another major company has jumped on the Bitcoin bandwagon by purchasing 10,000 BTC and putting it to use as its primary treasury reserve asset.According to an official press release, the $13 billion asset manager scooped up the BTC through its subsidiary called New York Digital Investment Group (NYDIG).Speaking on the matter was Robert Gutmann, Co-Founder and CEO of NYDIG, who said that “As Bitcoin transitions to a predominantly institutionally-owned asset, NYDIG is better positioned than...

The Scottish trading platform SIGEN.pro announced the listing of the TON Crystal (TON) — the cryptocurrency of the Free TON that is based on the legendary Telegram Open Network blockchainThe Free TON project uses the open code of Pavel Durov’s Telegram Open Network which was not launched due to the SEC’s litigation. The Free TON Network has been already supported by over 7000 companies and individuals, including the TON Labs developers.The Scottish platform SIGEN.pro became one of the first...

Popular bitcoin commentator Lark Davis, who goes by the name of ‘TheCryptoLark” on Twitter, just shared a BTC trend chart that has ‘bullish’ written all over it.Lark says that the top cryptocurrency is on the cusp of crossing the 50-day moving average, and every time it happened in the past, BTC rallied 42 percent on average. If history repeats, bitcoin could be trading st $15,500 by late-November. Will it happen?If History Repeats, Bitcoin Price Could Zoom 42 PercentIn his latest tweet,...

At the time of writing, the price of bitcoin is up another $200. The currency is now trading for over $11,500, marking the coin’s highest peak in well over a month.Bitcoin Has Reached a New HighThe currency is recovering from a rather lackluster September that saw the asset lose roughly $2,000 off its price. Bitcoin hit the mid-$12,000 range in late August, though by the time the new month began, the currency had fallen to about $10,100. The asset hovered here for some time, eventually...

Token Economy: Schweizer Start-Up mit dem ersten Blockchain-Brettspiel Das Jungunternehmen „bots don’t cry“ hat das erste Brettspiel erfunden, welches das Thema Finaznen und Blockchain auf eine spielerische Art vermittelt. Dabei herausgekommen ist «Token Economy». Finanzthemen begleiten jeden von uns ein Leben lang, geniessen aus den unterschiedlichsten Gründen aber nicht...

Die chinesische Stadt Shenzhen verschenkt zehn Millionen Yuan. Umgerechnet entspricht das etwa 1.5 Millionen Dollar oder 1.27 Millionen Euro. 50’000 Personen erhalten kostenlose Yuan Wie die Regierung von Shenzhen vor wenigen Tagen ankündigte, werde die neue digitale Währung Yuan in den kommenden Tagen kostenlos ausgeschüttet. Im Rahmen einer einmaligen Aktion wurden daraufhin zehn Millionen RMB an die Bürger der Stadt Shenzhen verschenkt. Insgesamt wurden bis vergangenen...