Tag Archives: Bitcoin News

According to a new survey unveiled by Bank of America, fund managers still do not trust bitcoin and see it as a major bubble despite the massive price bust that has occurred over the past month. Bank of America Survey Doesn’t Paint BTC in a Positive Light Bitcoin was initially trading at an all-time high in mid-April of this year. The world’s number one digital currency shot up to approximately $64,000 per unit, reaching its highest peak in its 12-year history, though at...

Bitcoin has always had its naysayers. From the day it was born in January of 2009, some people have refused to become BTC believers, one of which is Nouriel Roubini – playfully known as “Dr. Doom” for his angry and negative sentiment towards bitcoin. Nouriel Roubini Still Hates BTC As the largest cryptocurrency in the world, bitcoin has garnered quite a few fans over the past 12 years, but Roubini is not feeling the love that others are experiencing, and today is no...

Bitcoin has spent the last few days shooting up. The currency has again crossed the $40,000 line after trading in the mid-to high $30,000 range, the lowest it has been in several months. All is looking better, and analysts are hoping this is the start of another rise to the top for the world’s number one crypto by market cap, and yet according to Willy Woo, things are not quite where they need to be. Willy Woo Sees $200K for BTC Woo had originally believed that bitcoin...

Two weeks ago, Miami, Florida saw itself hosting the world’s biggest cryptocurrency and bitcoin conference the world has ever seen. Now, new coronavirus cases are popping up amongst attendees. Coronavirus Hits BTC Fans Approximately 12,000 tickets were sold to the event, and people from all corners of the world – including Europe, a continent hit particularly badly by the virus – flew into Miami to discuss the world’s greatest digital currency by market cap. The event...

Bitcoin price started a fresh increase above the $38,000 resistance against the US Dollar. The price is now trading above the $38,000 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $38,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could correct lower, but it is likely to remain well bid near $38,500 and $38,000. Bitcoin price is trading in a bullish zone above...

The topic of bitcoin mining is a controversial one as of late given the alleged carbon footprint it leaves behind, though one man feels he may have found a probable solution. 30-year-old Josh Riddett – the managing editor at Easy Crypto Hunter in Manchester, England – claims he has found a way to extract crypto from the blockchain utilizing cow manure. Josh Riddett Is Finding Greener Ways to Mine Crypto Bitcoin mining has been a hot topic recently, with many...

Chinese law enforcement agents have arrested approximately 1,100 individuals on charges of using crypto to launder money. The move is clearly a reminder that China is avidly working towards a society where crypto holds a limited or non-existent presence. China Is Working Against a Crypto Society In the process of arresting everyone, China has also stated that it has eliminated more than 170 criminal gangs known for committing financial crimes. The individuals in question...

Given that bitcoin has endured such a sharp drop, is now the time to buy? This is a question that several renowned financial analysts – including Michael Binger, president of Gradient Investments and Gina Sanchez, CEO of Chantico Global – have been trying to answer. Bitcoin Still Remains Quite Vulnerable to Price Swings Bitcoin initially rose to a new all-time high of approximately $64,000 per unit in mid-April. However, from there, the world’s number one digital...

Ken Moelis is an investment banker who knows a thing or two about finance. In a recent interview, he likened the bitcoin craze to the California Gold Rush of 1848, and says he is also looking for a few crypto business opportunities himself. Ken Moelis: The Gold Rush Is Back, Only Now People Are Seeking BTC Moelis is the founder of boutique bank Moelis & Co. While he, himself, is personally open to directly investing in bitcoin and its competing altcoin cousins, he...

Interest in bitcoin and cryptocurrencies really surged in America during the peak months of COVID, and now many traders in the United States are seeing that interest lead to profits. According to blockchain analysis firm Chainalysis, Americans have seen their bitcoin holdings return more than $4 billion to initial holders. Americans Love Their Bitcoin While bitcoin may be suffering pricewise at the time of writing, the currency has recently concluded what is arguably its...