Tag Archives: Bitcoin News

Several residents of El Salvador are now completing a free-of-charge training program called Cubo+ designed to ensure they have all the bitcoin knowledge they need to handle future transactions and what will likely be the way their nation does payments and transactions from here on out. El Salvador Unveils Cubo+ BTC Program El Salvador is a revolutionary country in that it was the first to declare bitcoin legal tender in September of 2021. Up until that point,...

Bitcoin price started a fresh decline below the $26,800 level against the US Dollar. The price is now trading below $26,500 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $26,750 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could extend its decline toward the $24,500 and $24,000 levels. Bitcoin price is declining below $27,000 against the US Dollar. BTC might extend losses...

Not long ago, democratic hopeful Robert F. Kennedy Jr. proposed backing the U.S. dollar with bitcoin. He also promised to do away with capital gains taxes should he win the White House next year. Kennedy Has Big Crypto Ideas There are several analysts, however, that say his plans regarding USD and bitcoin are not possible. Not only that, but they also claim that his plans would do heavy damage to the U.S. economy and cause insurmountable problems. At a recent...

Hayes believes that it may take the market another six to 12 months to fully respond to the bull run. BitMEX co-founder and former CEO Arthur Hayes has shared an eye-opener about Bitcoin (BTC) that may have flown over the heads of many industry participants. According to him, BTC has been on a bull run for about six months or so. However, the market is yet to react, he added. Arthur Hayes Says Market Will Soon Respond to BTC Bull Run Sharing his thoughts in a keynote speech at the Korea...

Could bitcoin, the world’s number one digital currency by market cap, reach a whopping price of about $180,000 before the end of next year? According to representatives of financial agency Fundstrat, the answer is a resounding “yes.” Fundstrat Predicts Big Things for Bitcoin Fundstrat is a company that’s headed by the effervescent Tom Lee, who’s known for making large and wild predictions about where the price of bitcoin will be in the coming future. While he...

New York Congressman Ritchie Torres, a democrat, wrote a harsh letter blasting the efforts of the Securities and Exchange Commission (SEC) and its head Gary Gensler to rid cryptocurrency from the annals of American history. Torres Vs. the SEC: Who Will Win? The SEC has been developing a reputation as a bully over the past few months. The agency is initiating lawsuits against all crypto players, large and small, and it’s been utilizing tactics of “regulation...

Bernstein analysts believe that diversification presents a significant commercial opportunity for asset managers. It allows them to enter the rapidly growing digital asset market and benefit from increased demand and market growth. In the world of finance, few innovations have garnered as much attention and excitement as the potential launch of crypto exchange-traded funds (ETFs). Bitcoin (BTC) has been the center of attention in finance for years, but the advent of crypto ETFs is poised...

The analysts noted that the SEC may have to approve Grayscale’s ETF proposal and potentially other spot-based Bitcoin ETFs in order to maintain regulatory consistency.  JPMorgan Chase & Co (NYSE: JPM) has predicted that the United States Securities and Exchange Commission (SEC) will be compelled to approve spot Bitcoin (BTC) Exchange-Traded-fund (ETF) applications from various asset managers following Grayscale’s favorable court ruling. Grayscale Investments, a prominent player in the...

In late July, the price of bitcoin endured a harsh dip after news came about that the Federal Reserve was on the verge of making another big (and tough) financial decision likely to affect Americans. Why Can’t the Federal Reserve Chill Out? For the most part, bitcoin had been trading above $30,000 in July, though things took a nasty turn following the announcement and the world’s number one digital currency by market cap slipped into the $29K range. Right now, it...

A dark web drug bust that utilized bitcoin and crypto has been taken down in Detroit, Michigan. The organization was run by Carolyn Hernandez-Taylor and her brother, and the former has already pleaded guilty to the charges against her. Carolyn Hernandez-Taylor Takes a Plea Deal FBI agents raided the home of her brother, where most of the duo’s activities took place. There, they found a clandestine drug lab and thousands of counterfeit Xanax pills. They also...