Bitcoin price started a strong increase above the $13,000 and $13,500 resistance levels against the US Dollar.The price is now trading well above the $13,500 support and the 55 SMA (H4).There was a break above a key contracting triangle with resistance near $13,200 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could correct a few points, but dips are likely to find support near the $13,500 and $13,350 levels.Bitcoin price is gaining pace above the $13,500...
Read More »PayPal Gets “Conditional” BitLicense, Will Work with Paxos Trust
New York has always been strict when it comes to bitcoin and cryptocurrency, but now that PayPal has entered the crypto fray, it looks like the company’s position in the Big Apple just got a whole lot easier.PayPal Is Asserting Itself in New YorkIt has been announced that PayPal has been given what’s known to as a “conditional” BitLicense. The circumstances of the license are somewhat different from just a straight-up BitLicense application. The former permits PayPal to attach itself and work...
Read More »The Amount of BTC Grayscale Manages Just Got A Lot Bigger
Bitcoin’s price isn’t the only thing getting larger in the cryptocurrency space. According to reports, the institutional presence in the space is expanding as well. Grayscale Investments, a crypto management service that handles accounts primarily for institutional investors, recently announced that the digital assets it’s overseeing grew by a whopping $300 million in a single day.Grayscale Sees Its Assets ExpandThe company’s CEO Barry Silbert expressed the news in a tweet, claiming that as...
Read More »#1000 Bitcoin Informant Show Jubiläum Live Stream
Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 1000. Unglaublich wie schnell die Zeit vergeht! Heute gibts zum Anlass mal keine News, sondern wir machen einen entspannten Livestream per Zoom… [embedded content] Telegram Kanal: https://t.me/bitcoininformantLBRY.tv: https://lbry.tv/$/invite/@bitcoininformant:eSteemit: https://steemit.com/@denniskorayHIVE:...
Read More »Novogratz: BTC Is for Storing Value, Not for Payments
Mike Novogratz can be a hard man to read. As a billionaire investor and former ex-hedge fund manager, the man has had a lot of positive things to say about bitcoin, going so far as to compare the asset to gold. However, while he thinks very highly of bitcoin, he doesn’t see it being used as a legitimate currency anytime soon.Mike Novogratz: BTC Won’t Be Used for Payments RegularlyWhile there are retailers and companies out there that accept crypto and bitcoin payments, they are certainly not...
Read More »Is PayPal Bitcoin’s Best Hope Right Now?
There are analysts out there that claim the PayPal-bitcoin relationship isn’t anything special. Now that they are more familiar with the fine print associated with the relationship, they are questioning just how far bitcoin can go with it. However, the sentiment also appears to be that even though the arrangement may not be perfect, PayPal is the best option for bitcoin right now.PayPal May Not Be Perfect, but It Is HelpingAccording to a press release issued by PayPal, there are no fees for...
Read More »Analysts: Bitcoin Won’t Replace Cash Anytime Soon
The news regarding PayPal’s acceptance of bitcoin and cryptocurrencies is becoming the big news of the year. Many analysts claim that this will ultimately push bitcoin into mainstream territory and give it the boost it needs. Already, the currency has shoved past the $13,000 mark and many industry experts think the currency could potentially end the year at around $14,000 – a solid piece of data given how up and down the currency has been during these past 12 months.Bitcoin Won’t Be...
Read More »#999 Bitcoin 1 Million Mal besser als Gold, Tether Support Peter McCormack & Bitpanda und Raiffeisenbank
Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 999. Im heutigen Video geht’s um folgende Themen: Bitcoin eine Million Mal besser als Gold, Tether bestätigt Support für Peter McCormack vs Craig Wright & Bitpanda und Raiffeisenbank Kooperation. [embedded content] 1.) MicroStrategy-CEO über BTC: Bitcoin ist eine Million Mal besser als Goldhttps://coincierge.de/2020/microstrategy-ceo-ueber-btc-bitcoin-ist-eine-million-mal-besser-als-gold/ 2.) Tether’s general counsel doubles...
Read More »Users Are Advised to Read the Fine Print Regarding PayPal BTC Transactions
Uh oh… Does the new relationship between PayPal and bitcoin come with a catch or two?What Kind of Trick Is PayPal Pulling?Earlier in the week, PayPal announced that it would allow users to purchase items and services with cryptocurrencies such as bitcoin, bitcoin cash and Litecoin. The crypto world celebrated the news and took it as a sign of bitcoin’s growing mainstream status. They were now being given permission to use bitcoin in one of the world’s biggest financial settings, and nothing...
Read More »JPMorgan Publishes Letter Saying How Solid Bitcoin Is
It’s always good to see bitcoin gain a new fan, and that’s what seems to be happening with JPMorgan, which at one time, was run by a man who didn’t care for the cryptocurrency. In a recent press release, the company explained why bitcoin was a better alternative currency than gold and why it was more prepared to compete in the financial world.JPMorgan Thinks Highly of BTCJPMorgan is under the control of a man named Jamie Dimon, who in the past, has said some rather derogatory things about...
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