Tag Archives: Bitcoin News

India is still having a tough time deciding if it wants to allow crypto in its future or not. One of the people casting doubt on whether digital currencies have a space in the later years of India is Union Finance Minister Nirmala Sitharaman, who last Monday explained in an interview that money laundering is a big concern amongst her constituents. India Is Worried about Crypto Money Laundering She believes that money laundering and other illicit crimes are too big to...

Bitcoin has hit another low point. The currency is trading for under $39,000, hitting what is arguably its lowest point this month. Bitcoin Is at Its Lowest Point This Month Cryptocurrencies like bitcoin have been undergoing a bit of a slump as of late. There have been many reasons for this, a big one being that they are largely correlating with stocks which have been slowly moving south. However, one of the other big reasons is because tax season has come and gone, and...

Crypto analysts are convinced that 2022 will be the year in which a real bitcoin-based exchange-traded fund (ETF) comes about. To be fair, one already exists; it was established last year by Pro Shares, but that one is based on bitcoin futures. This new one, they believe, will be based on spot trading. In other words, it will be real. Will a Spot Bitcoin ETF Come About This Year? The sentiment comes following the Securities and Exchange Commission (SEC) approving an...

Alena Vorobiova is a Ukrainian immigrant who says that bitcoin is a true savior. She recently had crypto transferred from the United States to her phone in Poland through what’s known as the Lightning Network. She received it very quickly, which proved useful given the lack of electronic banking in the area now that Russia has allegedly invaded Ukraine. The Lightning Network Is Being Put to Good Use The battle between Russia and Ukraine has been occurring for the past...

Janet Yellen – the Treasury Secretary – is all up in arms about bitcoin and cryptocurrencies and is super eager to get them regulated. Janet Yellen Issues Her Stance on Crypto Her words come at a time when many of the world’s leading digital currencies are in the red. Bitcoin, for example, is down 15 percent from its March highs, while BNB is down nearly four percent. Ethereum is down nearly eight percent, and Solana and Cardarno are down about 14 and 13 percent...

Not long ago, tech investor Peter Thiel – who is known for his role in the creation of PayPal, one of the largest and most popular digital payment systems in the world – took aim at Warren Buffett, calling him a “psychopathic grandpa from Omaha.” This was in response to Buffett’s repeated attacks on bitcoin. Buffett has referred to BTC “rat poison squared” in the past. Peter Thiel and Warren Buffett Fight It Out Over BTC Thiel also hit out at Jamie Dimon, the man behind...

Bitcoin price extended decline below the $38,000 zone against the US Dollar. The price is now trading below $39,000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $39,250 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could start a steady increase if there is a move above the $39,400 level. Bitcoin price is struggling below $40,000 against the US Dollar. BTC might extend losses if...

Antoni Trenchev – CEO of crypto trading platform Nexo – is confident bitcoin could reach a price of $100,000 by the end of this year. Bitcoin Is Destined for Big Things, It Seems Bitcoin has been on something of a downward spiral as of late. The world’s number one digital currency by market cap hit a new all-time high back in November of last year, reaching a whopping $68,000 per unit at the time. However, since then, the currency has been backtracking, and never has...

Amazon has emerged with some rather disappointing news for crypto fans. The company appears to have gone back and forth in time when it comes to accepting crypto payments, and now it looks like the company is not quite ready to move in that direction. Amazon Eliminates All Hope of Crypto Payments Amazon is one of the largest – if not the largest – retailer in the world. The online selling giant initially started out as a place to buy books, but now it seems like you can...

Analysts and crypto experts are warning against all levels of bitcoin scams, which have become rather common over the past year. Bitcoin and Crypto Scams Continue to Be Troublesome Since bitcoin began shooting up in price in mid-2020, crypto scam artists have been entering the fray in droves. The Federal Trade Commission (FTC), for example, received more than 7,000 individual reports of crypto scams between October 2020 and March 2021. As much as $80 million had been...