Crypto news

Bitcoin has had a relatively shaky year in many ways, and according to analysts like Tone Vays, things are not going to go great during the rest of the year.Tone Vays: BTC Won’t Hit $10K Again This YearVays recently took to social media to explain that bitcoin is not going to hit the $10,000 mark again until 2021 comes along. In fact, the cryptocurrency could even face falling as low as $6,000 before any major moves come about. During a YouTube live stream, Vays commented:Like I’ve been...

Crypto fraud has always been a big part of the industry. Many fans hate to admit that, and today marks a new case as Jack Abramoff – a Washington insider who ultimately served time in prison for his role in a lobbying scandal – has been charged with lobbying for a phony digital currency project.Abramoff Could Face Prison TimeAbramoff has agreed to plead guilty to both violating the Lobbying Disclosure Act and to conspiracy. He could spend as many as five years in jail once the conviction is...

Popular cryptocurrency YouTuber recently posted a chart illustrating that if Bitcoin repeats its previous significant bull run from 2017, its price could exceed $300,000 by the end of 2021.Interestingly, this highly optimistic prediction corresponds with the well-known BTC stock-to-flow model.BTC To Over $300,000?Bitcoin price predictions are among the most commonly discussed threads in and out of the cryptocurrency community. Such forecasts range from overly adverse ones such as Jim Rogers,...

A recent report warned that most malicious Google Chrome extensions have come from a single Internet domain registrar – CommuniGal Communications (GalComm) and have been downloaded nearly 33 million times.Such malicious extensions have proven to be alarmingly dangerous to cryptocurrency investors as popular proponent recently lost all of his Bitcoin savings.Suspicious Google Extensions GrowThe research compiled by a US-based network security company Awake Security, informs that out of 26,079...

In its latest report, the Bank of International Settlements doubled-down on its narrative that the COVID-19 pandemic has exemplified the need for central banks to accelerate the development of central bank digital currencies (CBDCs).BIS outlined the ongoing payment digitalization phase and predicted that whoever launches such currency first will ultimately prevail.BIS: Payment Digitalization Comes FastThe report noted that the financial sector is currently in a significant transitioning stage...

Only five days ago, the price of Bitcoin touched $9800, followed by another failure to break up the critical descending trend-line (marked yellow on the following daily chart).Since then, the primary cryptocurrency had been correlating with the plunging global markets, and as of writing these lines, Bitcoin is trading slightly above $9000.The Micro and Macro LevelIf we look at the micro-level, which is the following 4-hour chart, we can see that Bitcoin so-far holds the supporting blue line....

Kraken is one of the leading cryptocurrency exchanges in the United States, if not the world, and today, it has announced its support for a digital currency venture known as BTC Pay Server.Kraken Gives a Hand to BTC PayKraken is providing a $150,000 grant to the company, which is a bitcoin payment processor and tech solution. The money was paid in BTC and is designed to assist the company in its plans for expansion and aid in its coming operations. The company has also integrated BTC Pay...

The last seven days weren’t so fruitful for Bitcoin. After trading in a relatively narrow range for a while before that, the BTC price gradually increased to about $9,700 on Wednesday. On the same day, however, the price tumbled during the same day and started declining.Immediately after that, Bitcoin retraced to about $9,000 before finding support and bouncing off to where it currently trades at around $9,200. The thing to consider about the movements is that they coincided with respective...

New evidence suggests that if institutional players and mega investors all put at least one percent of their earnings into the world’s leading digital currency by market cap, the asset would reach the $50,000 mark within a relatively short period.Institutional Players Can Push BTC to the StarsOne of the big things that many analysts say is lacking in the crypto space is the presence of institutional players. While their strength in the space is growing every day, their activity and behavior...

Recently, Live Bitcoin News reported that platforms like PayPal and Venmo were looking to potentially offer bitcoin and cryptocurrency buying, trading, and selling options to customers. New evidence appears to show that these companies are primarily interested in crypto services due to bitcoin’s meteoric rise during the spread of the coronavirus.PayPal Is Moving Towards a Crypto FutureAs we all remember, bitcoin suffered heavily when the virus initially began to expand during the first half...