Tag Archives: Bitcoin News

Bitcoin price started a fresh increase from the $55,000 support zone against the US Dollar. The price is now trading above the $57,000 support and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $56,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to continue higher towards $60,000 and $61,500 in the near term. Bitcoin price is showing positive signs above $57,000...

Lolli – a rewards programs that provides shoppers with bitcoin granted they do business at certain retailers – has closed a $5 million funding round. Lolli Has Gotten a Lot of Money The event took place Wednesday of last week as part of a Pre-Series A funding series. It was led by Alexis Ohanian’s venture capital fund Seven-Seven Six, while figures such as Cody Ko and Casey Neistat – the creators of YouTube – also took part. Further investments came by way of companies...

Ray Dalio has become a bitcoin fan in recent months. Following the cryptocurrency’s meteoric surge beyond $50,000, the economist from Bridgewater Associates believes that the currency is making serious waves in the financial industry. Why then does he suddenly feel it’s at risk of getting banned? Ray Dalio: The Government May Try to Outlaw Bitcoin In a recent interview, Dalio claimed that bitcoin could incur the same “outlaw status” that gold did in the early 1930s, and...

Do you live in America and you fancy purchasing a Tesla? If so, you can now buy the car utilizing bitcoin, the world’s number one digital currency by market cap. The asset is accepted as a form of payment thanks to the efforts of Elon Musk, who has become a serious bitcoin bull over the past few months. Elon Musk Permits Bitcoin Payments for Tesla Cars The move is primarily an effort for the company to get its fingers on a lot more crypto. Last February, the electric...

Silvergate Capital Corporation is joining hands with Coinbase Custody – a division of the popular American cryptocurrency trading platform – to provide crypto loan services to its growing list of eligible customers. Coinbase Custody Is Paired with SEN Leverage Coinbase will largely be tasked with overseeing capital through Silvergate’s division SEN Leverage, which provides U.S. dollar loans that are “collateralized” by bitcoin. In other words, while the loans are...

Bitcoin has always been marred by its volatility, and according to technical analyst Ari Wald of Oppenheimer, this isn’t going to stop anytime soon. Ari Wald Doesn’t Think BTC’s Volatility Will End Bitcoin is the world’s largest and most popular cryptocurrency by market cap. The asset was first introduced to the public about 12 years ago and has, to be fair, come a long way since then, but it’s certainly had its share of problems – problems that have ultimately prevented...

Bitcoin has taken a nasty hit in recent days. The world’s number one digital currency by market cap – which was previously trading in the $58,000 and $59,000 ranges – has stumbled backwards and is now trading for around $55,000. Earlier today, we published an article suggesting that the expiration of various bitcoin options was to blame, though there may have been another contributing factor. Jerome Powell – chair of the Federal Reserve – released an official statement...

Where the heck is bitcoin planning to go in the coming weeks? The number one cryptocurrency by market cap has decided to take a turn for the worse, diving into $55,000 territory after trading for $58,000 or $59,000 for the past several days, and it looks like many analysts are torn on whether the world’s primary digital asset will continue to go south or get back to its winning ways. Bitcoin Has Dug Itself Into a Hole It appears one of the big contributing factors to...

Minnesota Republican Tom Emmer believes that bitcoin and cryptocurrency are the future of money, and he’s trying hard to get the rest of his congressional colleagues to wake up and see the light on digital assets. Tom Emmer Is a Big Crypto Fan In a recent interview, Emmer commented that he was first intrigued by digital currencies several years ago, saying they appealed to the “libertarian” in him. He is now pushing for further digital currency acceptance and believes...

The world of cryptocurrency scams is expanding like there’s no tomorrow. Vancouver police have just issued a warning after the emergence of two new digital currency-based scams that have already stolen as much as $2 million over the past few weeks. Crypto Scams Are a Big Deal This month, we have seen more evidence of cryptocurrency scams entering our midst. One man claims to have lost hundreds of thousands of dollars to one such venture that involved a Twitter account...