Tag Archives: Bitcoin News

Well, it looks like Tom Lee is back in the news, and when you really think about it, why shouldn’t he be? The year is almost over – we only have about 3.5 months to go before 2020 rings in – and bitcoin has ultimately underperformed and come up short regarding bitcoin bulls’ expectations. Lee, naturally, is claiming that BTC is about to enter a rally. So, is he right or wrong?Lee: Another Price Bump Is ComingIn an interview with CNBC, Lee comments that the S&P is likely to shoot up by...

Sorry people, but it seems like fraud is still running rampant throughout the cryptocurrency space. Earlier this morning, we reported on a new way to turn bitcoin into cash via the dark web, and now, we’re here to discuss a new QR code system that sends people to scam sites.A QR Code System That’s Turned Rogue?For as long as bitcoin and cryptocurrency have existed, there have been malicious actors out there seeking to take what isn’t theirs. Unfortunately, the security of the crypto world has...

A new method of exchanging bitcoin for cash has emerged on the dark web. Several English and Russian dark markets are claiming that users can pay as little as $800 in BTC funds and receive $10,000 USD. Exchanging BTC for Cash Illegally on the Dark WebThe data comes from a new report issued by security-as-a-service provider Armor and its threat resistance unit (TRU). The company analyzes present dark market trends and compiles them all into an annual document explaining which trends are most...

The need and desire for a bitcoin-based exchange-traded fund (ETF) is growing stronger every day, and while the ETF may not be out yet, VanEck Solid X has, as it announced just over a week ago, released a product to satisfy that need somewhat while we all wait for a final decision from the Securities and Exchange Commission (SEC). That product has already made serious headway in the crypto community.VanEck Solid X Just Keeps Moving ForwardThe product is a fund designed to allow institutional...

In the world of business, you’ve either got it or you don’t. You either have what it takes to keep going and start more enterprises, or you’re a one-hit wonder (or not a hit at all). In the case of Bobby Lee, crypto entrepreneurism appears to be what he’s destined to do. Bobby Lee: Coming Back BiggerLee is famous for having created China’s first bitcoin exchange. China has had a very mixed relationship with cryptocurrencies, having banned foreign exchanges and initial coin offerings (ICOs) in...

A new survey conducted by analytics firm Gate Trade suggests that Telegram users in Iran are earning an average of $500 to $3,000 in cryptocurrency funds. Iran Is Boosting Its Crypto UsageIran has been heavily into cryptocurrency following new economic sanctions from the United States and President Donald Trump pulling his country out of the 2015 nuclear deal. Iran has sought ways to alleviate some of the issues stemming from these sanctions including potentially introducing a national...

Well, it seems analysts are now saying that bitcoin has failed to live up to our expectations. The currency, despite the harsh trade war conditions that should have put it in a top spot on the financial map, has really failed to rally the way many industry experts thought it would, and at press time, many are hoping the currency can turn itself around before 2020 shows itself.Bitcoin Ain’t Doing So HotIn August, trade war conditions were at their worst. The U.S. and China were at each other’s...

Bitcoin price started a major downside correction after it traded as high as $10,954 against the US Dollar.The price is currently trading near a major support area at $10,000, which holds the key.There is a major bullish trend line forming with support near $10,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair remains well supported on dips near the $10,000 and $9,800, below which it could gain bearish momentum.Bitcoin price is struggling to bounce back above...

The path towards a bitcoin exchange-traded fund (ETF) hasn’t always been a clear one, and while steps are being taken to ensure things go smoothly, Securities and Exchange Commission (SEC) chairman Jay Clayton says there is still “work left to be done.” Clayton Says the SEC Still Has ConcernsIn a recent interview, Clayton comments that “progress is being made” when it comes to pushing a bitcoin ETF forward, though the SEC’s worries haven’t dissipated completely. There are several companies...

Apple has admitted to keeping its eye on bitcoin over these past few months, saying it finds the asset “interesting.” Apple and Crypto… Are They Matching Up?Today is the launch of Apple’s new iPhone 11, and company executives say they’ve been watching bitcoin for some time, with serious interest sparking in the currency earlier this year. The company had previously exhibited a mixed reaction towards digital currency units in the past.Last week, Jennifer Bailey – the vice president of Apple...