Tag Archives: Bitcoin News

Well, well… The truth has come out. Despite Venezuela pushing for Petro adoption and allegedly threatening cryptocurrency miners, the country seems to have its own private stash of both bitcoin and Ethereum – and it has no idea what to do with it. Venezuela and Crypto: A Strange MixVenezuela has had a strange relationship with cryptocurrency. The country initially began pushing for widespread use of the Petro beginning in February 2018. The currency is allegedly backed by the country’s many...

Tom Lee of Fundstrat fame is back in the news, and he’s being very serious when he says the S&P needs to experience a breakout if bitcoin is going to gain its momentum back. Tom Lee: If BTC Is to Do Well, the S&P Must Do WellLee has commented about this in the past. He’s convinced that BTC and the S&P share some very strong ties, and when one drops, the other is sure to follow. As of late, there appears to be a hint of truth to what he’s saying in that as the stock market has...

Is bitcoin being manipulated again? Bitcoin: the Target of More Tricks?In 2018, a report issued by John Griffin, a finance professor at the University of Texas, showed that the currency was potentially being manipulated by tether during the previous year. It’s price spiked the way it did because people who owned tether would repeatedly use that currency to buy bitcoin, thereby pushing its price higher whenever BTC fell by even the slightest margin.This is what tied bitcoin to the U.S. dollar....

With bitcoin’s recent fall into the $8,000 range it appears the currency has an unlikely friend… Wall Street. What Wall Street Is Doing for BTCThat’s right. The arena of big banks and stock players is working hard to develop ways for bitcoin to avoid volatility. As of late, many reports have emerged stating that the currency is experiencing its lowest volatility in months. That all changed yesterday when it seemingly lost more than $1,000 in value in just a matter of minutes, but prior, the...

Well, after yesterday’s crypto bloodbath, probably the biggest thing enthusiasts and traders are asking themselves is, “What the heck could have made bitcoin and its altcoin cousins fall so badly like that?”Bitcoin and Crypto Falls HeavilyBitcoin, with virtually no signs whatsoever, lost more than $1,000 in just a matter of minutes, falling from about $9,480 at this time yesterday to roughly $8,110. By the mid-afternoon, the currency had jumped back up to $8,600, but at press time, it has...

Bitcoin price is down roughly 10% and it broke the key $9,000 support against the US Dollar.The price is currently consolidating losses below $9,000 and it could continue to slide.There was a break below a crucial breakout pattern with support near $10,140 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to break the $8,150 and $8,000 support levels to extend its decline in the near term.Bitcoin price is back in a downtrend below $9,000 against the US...

It seems like cryptocurrency and bitcoin ATMs are all the rage. Bitcoin ATMs Are Expanding QuicklyBear in mind that people aren’t necessarily at a point where they’re replacing fiat with cryptocurrency altogether, but bitcoin ATMs are serving a huge purpose for those in countries that lack financial infrastructure. In Latin America, for example, where these products seem to garner most of their business, countries such as Venezuela have been bogged down by socialism for years, leaving many...

So Fi has announced that it will be adding bitcoin, Litecoin and Ethereum to its investing platform now that it’s joining hands with Coinbase, arguably the biggest and most popular cryptocurrency trading platform in the United States. People will now be able to participate in exchange-traded funds (ETFs), stock trades and cryptocurrency transactions through one company. So Fi Is Growing Like CrazyApproximately 40 different coins are available for purchase and trade via So Fi, and customers...

At press time, bitcoin is at its lowest trading point in several weeks and is presently sitting at just over $9,500. This marks the first time since August that the currency has fallen below $10,000. It also marks a fall of about $700 in just the last couple days.Bitcoin and Its Crypto Cousins Ain’t Doing So HotBitcoin, as analysts claim, has been experiencing lesser volatility over the past few months, but when movements like this occur, it’s hard to take these words as pure fact. If that...

The Intercontinental Exchange (ICE), which owns the New York Stock Exchange (NYSE), launched its own bitcoin futures contracts for the first time on Sunday.Futures Contracts Are All the RageThe idea regarding futures contracts and trading physical bitcoins has been intriguing to most, with other companies like Chicago’s CME recently saying it will also launch bitcoin futures starting in early 2020. What’s special about ICE’s bitcoin futures is that this potentially marks the first move of...