Tag Archives: Bitcoin

Ethereum – the world’s second-largest cryptocurrency by market cap and the primary competitor to bitcoin – has surged overnight by more than ten percent and is currently trading for well over $477. This is a spike of more than $30 over the past 24 hours.Ethereum Has Jumped Beyond $470On Monday August 31, the currency was trading for around $443, having broken $400 just two days prior. The entire week before, Ethereum had encountered a period of relative stagnation, hanging about the high $300...

After all the worry and concern that has been meandering throughout the space, bitcoin has again crossed the $12,000 threshold for the second time in just weeks.It’s $12K All Over Again for BitcoinThe last time bitcoin hit this figure was in the middle of August. Sadly, the price switch didn’t last. It rose all the way to $12,400, but bitcoin was not able to keep up the momentum and fell back into the low $11,000 range a few days later. It’s relatively impossible to assume what will happen...

Bitcoin price is trading nicely above the $11,600 and $11,800 support levels.The price traded as high as $12,086 and it is now well above the 55 SMA (H4).There is a major bullish trend line forming with support near $11,820 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to continue higher above $12,000 as long as the $11,600 support is intact.Bitcoin price is currently trading in a bullish zone above $11,600 against the US Dollar. BTC could accelerate...

According to Simon Peters of the cryptocurrency exchange e-Toro, the inflation that everybody is so worried about as of late is going to result in a rather positive future for bitcoin.Simon Peters: BTC Has a Bright Future if Inflation ExistsNot too long ago, Federal Reserve chair Jerome Powell announced that the United States was going to permit inflation beyond the $2 mark. Traditionally, $2 is the maximum that inflation is usually allowed to go in this country, but given the special...

It’s been a relatively odd week for bitcoin, the world’s number one digital currency by market cap. At the time of writing, the asset is currently trading for just over $11,500, which is a few hundred more than where it stood just 48 or 72 hours ago.Will Bitcoin Go Up or Down?The currency has been in an up-and-down pattern over the last few days. While this isn’t necessarily a bad thing, it also shows that bitcoin’s resilience is not exactly where we thought it was prior. Before, the currency...

One source appears to be suggesting that cryptocurrencies, by themselves, don’t have a chance of survival, and that if they’re going to last any longer, they will need banks to do it.Banks and Crypto: A Single Entity?Already, we’ve witnessed some huge jumps forward in the “cold war” between banks and cryptocurrency. Much like the United States and Russia did between the 1940s and the 1980s, both entities are trying to outdo the other, and show the world why they are essential and why they are...

The fact that China has become such a big “bitcoin nation” over the past several years is worrying to some. They are concerned that the country could potentially take over the space, which would ultimately mean the end of bitcoin and crypto as we know it.Is China Getting Too Powerful in the BTC Space?As it stands, China controls much of the global mining power. That means that most mining operations in the world either make their home in China or are powered by Chinese businesses or firms....

The Winklevoss Twins – the head executives of the Gemini Exchange in New York – believe that the price of bitcoin could potentially reach $500K in the coming future.The Winklevoss Twins Are Pushing BTC All Over AgainWhile they didn’t give a date regarding when people can expect the world’s number one cryptocurrency by market cap to reach this figure, they did say that with the current state of the dollar and with gold on such a meteoric rise in recent weeks, bitcoin is looking better than...

The number of digital wallets containing more than 1,000 bitcoin units has grown to an all-time high. According to the Bitcoin Rich List, roughly 2,190 separate wallets contain 1,000 units of bitcoin or more each, which makes sense considering the circumstances that have surrounded the world’s most popular – and largest – cryptocurrency by market cap as of late.A High Number of Growing Bitcoin WalletsAs it stands, more and more people are beginning to view bitcoin in a positive light. In...

Another instance of bitcoin crime is in the books. This time, the culprit is potentially a Russian man named Egor Igorevich Kriuchkov who sought to pay the employee of a Nevada-based company $1 million in bitcoin to install malware onto the company’s network.Kriuchkov Is Currently Being Held to Await TrialKriuchkov entered the United States on a tourist visa and through a Russian passport. He initially met with the employee of the company several times before initiating the plan, according to...