Tag Archives: Bitcoin News

Well, bitcoin has once again led us all into a state of disappointment. Despite the coin’s recent bullish patterns and the fact that it was on a huge roll, the currency has once again taken a turn for the worse, having lost more than $600 at press time. The asset is now trading for $11,100.Bitcoin Encounters Disappointing DipTo be fair, it’s still considerably higher than where it stood for most of last month, though it’s disappointing to see such a massive and quick fall considering how well...

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China has arrested more than 100 separate individuals who may have taken part in the Plus Token scam that resulted in more than $1 billion in stolen crypto funds.Plus Token Is One of the Biggest Ponzi SchemesInitially based in South Korea, Plus Token was designed to be a “high-yield” investment plan that allegedly offered massive funds for all who took part. As much as 18 percent yield was promised to investors from both South Korea and China granted that they were willing to store...

Bitcoin is arguably the dominant cryptocurrency throughout the digital asset space, but how much of its dominance is real?How Dominant Is Bitcoin, Exactly?When placed up against all other crypto assets, bitcoin’s dominance sits at roughly 60 percent. However, many analysts believe that placing it up against all other coins or tokens isn’t entirely fair, and that it should only be placed up against currencies that are trying their best to be legitimate money or that are working to replace...

Bitcoin has incurred another serious rise and is now trading for over $11,800.The FOMO Attitude Has Come Back to BitcoinMany analysts believe that an attitude of FOMO (or “fear of missing out”) has returned to the crypto space. With bitcoin on the rise of late, many new players are looking to get involved in the bitcoin market and play their hands, hoping to come up with a win. This is the same attitude that meandered throughout the crypto space in late 2017, when the asset was reaching its...

Is bitcoin on the verge of striking the $12,000 mark?Bitcoin Is on a Serious RollIt sure looks that way considering how high bitcoin has been moving over the past two weeks. Initially crossing the $10K mark and breaking that psychological barrier, the currency then rose past $11K, a step many people didn’t expect the digital coin to take. Now, at the time of writing, bitcoin is continuing its present ascension and is trading for $11,353, the highest it’s been in roughly one year.The previous...

The alleged hacker behind the recent Twitter fiasco has allegedly been identified. 17-year-old Florida teenager Graham Clark has been arrested and is now facing up to 30 separate felony charges for potentially “scamming people across America.”Graham Clark: The Man Behind the Mask?The recent Twitter bitcoin hack that took place on July 15 is among one of the most well-known and prominent bitcoin-based scams to occur in the history of the space. Several high-ranking accounts – such as those...

The amount of hodling that is occurring in the bitcoin space has increased tenfold. According to a new chart unveiled by Unchained Capital, the number of bitcoin holders that haven’t moved their digital funds over the past year has surged to an all-time high.Hodling Has Reached an All-Time HighThis makes perfect sense when one considers the economic conditions people everywhere are facing. The coronavirus pandemic has caused major shifts in global economies. Fiat currencies have lost much of...

Peer-to-peer (P2P) trading platform Paxful says that Russians are growing very weary of the coronavirus pandemic and that they are regularly turning to bitcoin as a means of keeping themselves safe and their wealth hedged against weakening economic conditions.Paxful Has Seen a Surge in Russian Trading ActivityThe pandemic has had some nasty effects on global markets around the world. The United States, for example, has released $1,200 stimulus checks to all citizens making less than $75,000...

Bitcoin has been experiencing some extremely bullish patterns as of late. The currency has managed to spike by roughly $2,000 in just a matter of weeks, jumping from the low $9,000 range beyond $11,100 at the time of writing.The Bitcoin Price Surge Could Easily ContinueThe currency recently rose by more than 12 percent in a single 24-hour period, marking the highest it’s been in more than six months. This represents a nice change for the world’s number one cryptocurrency by market cap, which...