A Fifth Circuit panel of three judges ruled against Richard Gratkowski’s appeal that Fourth Amendment rights should protect Bitcoin data. The panel ruled that the FBI agents who subpoenaed cryptocurrency exchange Coinbase to track Gratkowski’s payments to a child pornography website acted according to the law.4th Amendment Doesn’t Hinder US Law Enforcement to Track Bitcoin TransactionsOn Tuesday, a US court compared Coinbase to a traditional bank, citing the US Supreme Court’s decision in the...
Read More »Yassine Elmandjra: Bitcoin Will Soon Be a Global Currency
Some of the biggest investors in the world – like Paul Tudor Jones – have stepped forward at some point this year to speak their praises for bitcoin. Now, a new investor – a major face behind Tesla, the Elon Musk-owned car company – is claiming that bitcoin could potentially serve as the world’s first global currency in the coming years.Bitcoin Could Get Much Bigger Than It IsArk Invest analyst Yassine Elmandjra explained recently:While scarce and durable, bitcoin also is divisible,...
Read More »Bitcoin Price Analysis: BTC Plunges $300 in 2 Hours, Here’s Why
Bitcoin bears appear to have come out of hibernation today. According to the latest data from Glassnode, Bitcoin hourly addresses hit a 2-year high today and hourly active addresses set at a new yearly high.While these figures might sound promising, they have coincided with a steep $300 crash in Bitcoin’s price over a 2.5 hour period. So far, the leading crypto’s market cap has fallen by over $4 billion over the past several hours.Bitcoin Price Levels to Watch in the Short-termBTC/USD 4-hour...
Read More »Will This Year’s Third Quarter Be Negative for Bitcoin?
Bitcoin has remained relatively stable over the past few weeks, but according to Emmanuel Goh – co-founder and CEO of crypto data analytics company Skew – the currency is entering the third quarter, which means its volatility could potentially increase very soon.Bitcoin Doesn’t Experience Good Things in Third QuartersGoh suggests that in the past, third quarters have typically led to lowered prices for both bitcoin and its altcoin cousins. In an interview, he states of the 2020 second...
Read More »Lithuania To Sell 24,000 Blockchain-Based Digital Tokens Called LBCOINs Next Week
According to a recent report, Lithuania may be the first nation to launch a central bank-backed digital coin in the eurozone. The country’s central bank plans a pre-sale of twenty-four thousand blockchain-based digital tokens called LBCOINs.Lithuania To Sell 24k Blockchain-based TokensA Reuters report from earlier today informed that the Baltic country has completed the development stages of the LBCOINs and is preparing for the pre-sale next week.Each of the twenty-four thousand...
Read More »Comedian Bill Burr To Buy Bitcoin For The First Time
After a podcast with popular Bitcoin proponent Anthony “Pomp” Pompliano, the famous comedian Bill Burr said that he will buy BTC. Fellow comedian and co-host Bert Kreischer regretted not buying Bitcoin before but seemed more interested in purchasing mining equipment.Current Economic SituationCo-founder and partner at Morgan Creek Digital Anthony Pompliano recently appeared in a podcast jointly hosted by two popular comedians – Bill Burr and Bert Kreischer.Bill Burr (left) and Bert Kreischer...
Read More »EOS Price Analysis: Trading Near Make-or-Break Levels At $2.45
EOS price remained in a bearish zone and extended its decline below $2.225 against the US Dollar.The price traded as low as $2.182 and it is currently correcting higher towards the 55 simple moving average (4-hours).There is a significant bearish trend line forming with resistance near $2.450 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could start a strong rally if it clears the key $2.450 resistance zone.EOS price is slowly recovering and approaching a crucial...
Read More »Ripple Price Analysis: Things Looking Grim for XRP as Bears Attempt To Push Below 1900 SAT
XRP has moved sideways over the last few days as the bulls battle to defend $0.175.A break beneath $0.175 could result in XRP unwinding toward $0.15.Against Bitcoin, XRP continues to make lower lows as the sellers flirt with breaking beneath 1900 SAT.Key Support & Resistance LevelsXRP/USD:Support: $0.175, $0.171, $0.157.Resistance: $0.185, $0.192, $0.20.XRP/BTC:Support: 1900 SAT, 1890 SAT, 1873 SATResistance: 1950 SAT, 2000 SAT, 2070 SAT.XRP/USD: Bulls Continue Defence of .5 Fib...
Read More »Fundamentally Strong: Bitcoin Hit These Highs Today Despite Stagnant Price Action
The last few weeks were quite stagnant for Bitcoin in terms of price movement, considering the cryptocurrency is famed for its price action. However, while BTC price is looking pretty unexciting in recent times, Bitcoin is fundamentally strong as the network activities continue to record new highs.Positive On-Chain Market ActivitiesAccording to insight first shared by Glassnode CTO Rafael Schultze-Kraft, on-chain market metrics including transaction counts, new addresses, active addresses,...
Read More »Bitcoin Fails at $9,300 as DeFi Altcoins Surge: Thursday’s Price Watch
Bitcoin attempted to conquer the $9,300 but to no fruition. The price pulled back and failed to breach the level. Meanwhile, the DeFi market continues to boom, with numerous projects marking double-digit daily increases.Bitcoin Price Fails at $9,300Bitcoin didn’t manage to claim $9,300 yesterday and has since retraced to its current trading level at around $9,200.As CryptoPotato reported, this is a vital level to watch in the short-term and should provide a good indication of how confident...
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