Is it possible that bitcoin is suddenly spiking because people are fighting back harder than ever against the coronavirus?Bitcoin Is Jumping… And So Are ResidentsWhile this is purely speculative, one cannot help but notice that now, right as people are beginning to protest current stay-at-home orders and stand outside governors’ mansions to herald their right to work, bitcoin has endured a significant rise.Over the past several weeks, bitcoin has been trapped in the doldrums, though things...
Read More »Phone Maker HTC Adds Crypto Mining App to Exodus I
Taiwanese smartphone maker HTC is adding a new crypto mining feature to its Exodus I phone.HTC – Bringing New Power to SmartphonesUnder normal circumstances, mining crypto can be a relatively complicated process. Usually, it requires a hard-hitting computer with lots of energy and electrical power to get the job done. Often, the work cannot be completed with one computer alone or will require multiple mining machines to extract all the operator is looking to attain.One of the other big...
Read More »Bitcoin Adds $400 to Its Price
Yesterday saw the price of bitcoin – the number one cryptocurrency by market cap – jump all the way into the $7,500 range. The currency has added more than $400 to its price in just 24 hours. What happened suddenly, and why is bitcoin deciding to return to its old bullish ways?Bitcoin Is On a RollThis is great news for analysts – many of whom have been predicting a solid rise in the bitcoin price over the past few weeks – and for traders, who are seeing the bullish ways of their industry fly...
Read More »After Dropping To $1200, Bitcoin Will Skyrocket To $333,000,000: Silk Road’s Founder Reiterates His BTC Prediction
Despite his short-term adverse views of Bitcoin’s price, Ross Ulbricht remains bullish in the long-term. In a recent post from the prison, he reiterated his last $1,200 price prediction, saying that this could be simply the start of a vast upwards movement, which could lead to $333m per one BTC.Bitcoin To $333 Million?As Cryptopotato reported recently, the incarcerated founder of the notorious Silk Road dark market, Ross Ulbricht, claimed that the price of the primary cryptocurrency could be...
Read More »Clear Regulations Have A Positive Impact On Cryptocurrency Prices, Federal Reserve Bank of Dallas Reports
Cryptocurrency prices are quite susceptible to news, according to a recent paper. While, somewhat unsurprisingly, adverse announcements lead to immediate sharp declines, the establishment of clear regulations tends to mark serious market gains.Crypto Reactions For News And RegulationsThe report compiled by the Federal Reserve Bank of Dallas initially questioned the efficiency of instituting actual regulations on cryptocurrencies. It argued that digital assets can “function without...
Read More »Bitcoin Price Analysis: BTC’s Bullish Formation Might Reach $8,000 Quicker Than Expected
What a recovery. Bitcoin is only a few steps away from a full recovery since the March 12 collapse, which took place only six weeks ago and saw Bitcoin plunging to $3600 (BitMEX).The primary cryptocurrency had recently broken above at $7230. On the following 4-hour chart you can notice the mid-term descending trend-line’s breakout.Following the break, the 4-hour candle had wicked at $7750 (!), which was our highest mentioned target on our most recent price analysis.Despite the wick, we can...
Read More »Bitcoin Shoots Up Following Approval of More COVID-19 Relief Aid
Following a recent drop into the high $6,000 range, bitcoin – the world’s number one cryptocurrency by market cap – has surged back above $7,100, suggesting that this is where it’s likely experiencing the most resistance.Bitcoin Surges Once AgainBitcoin has gone back and forth over the past couple of weeks, falling and jumping between $6,700 and $7,200. There appears to be a $500 range of heavy activity, the bottom of which present necessary support, while the upper range is providing...
Read More »Bitcoin Ends The Week Touching $7700, Almost Fully Recovered From The COVID19 Crash: The Weekly Market Update
It’s safe to say that the last seven days were packed with action on all fronts. Bitcoin started the week trading at around $7,100 but fell to a low of around $6,800. The bears were for not, however, as yesterday BTC surged to a high of $7,780 in a few consecutive green candles. Naturally, the entire market followed with most of the large-cap cryptocurrencies charting serious weekly increases. Tezos is up more than 25% over the past four days while others like Ethereum, Chainlink, and Stellar...
Read More »China-Based Crypto Scam Has Stolen More Than $10 Million
A digital currency mining scam has surfaced in China. In an age where malicious crypto schemes are at an all-time high, China and certain other regions of Southeast Asia appear to be a growing hub for such activity.A Digital Mining Scam for the AgesThe scam stems from a company known as Antimatter Kingdom (AK), which reported calls itself a “super mining application group.” The organization runs on the CXC Chain, which first appeared in early April. As much as $11 million has been stolen from...
Read More »Yele Bademosi: Blockchain Will Give People the Financial Power They Need
Yele Bademosi is the 29-year-old director of a venture capital firm known as Bundle. A division of Binance – the world’s largest and most popular cryptocurrency exchange by daily trading volume – the venture is based in Africa, which appears to be a growing hub for cryptocurrency activity.Bademosi: Using Blockchain to Help OthersAmong the most recent “African adventurers” touting crypto include Jack Dorsey, who stated a few months ago that he would spend anywhere between three and six months...
Read More »