Tag Archives: Bitcoin

Bitcoin price started a downside correction after it topped near the $12,489 level.The price is declining and it is trading below the $12,000 level and the 55 SMA (H4).There is a crucial bullish trend line forming with support near $11,640 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair must stay above the $11,640 and $11,400 support levels to start a fresh increase.Bitcoin price is currently correcting lower from the $12,500 barrier against the US Dollar. However,...

George Ball – a former chief executive of Prudential Securities and present CEO of Sanders Morris Harris – has referred to bitcoin as a “safe haven” in his latest interview, referring to its many properties and qualities that can ultimately assist investors in remaining strong during unprecedented economic times.George Ball: Bitcoin Is Stronger Than We ThinkGeorge Ball isn’t necessarily saying anything that a lot of other people in the crypto space haven’t already thought. However, it’s...

There’s just no pleasing some people. Despite how well bitcoin is doing as of late – the currency just swung past the $12,000 mark – Warren Buffett, the CEO of Berkshire Hathaway, is still turning his back on the world’s number one digital currency by market cap and investing in gold.Warren Buffett Invests in Gold Mining FirmNot that there’s really anything wrong with this. After all, the asset has been doing quite well as of late. It’s trading for a high of nearly $2,000 per ounce at press...

Bitcoin has done it. After days… Nay, weeks of waiting, the world’s number one cryptocurrency by market cap has finally broken further resistance and has shot well beyond the $12K position.Bitcoin Has Broken Present ResistanceTo be fair, this isn’t the first moment bitcoin has hit such a mark this year. The currency briefly struck $12K earlier this month, though the price didn’t last long at all. After a few hours, the new level for bitcoin proved too strong for where the currency was...

Crypto crime is relatively common within the space, and the latest instigator – a 35-year-old woman in the United Kingdom who remains unnamed at the time of writing – has been caught with roughly 115,000 pounds of illegally garnered bitcoin in her possession.Bitcoin Is at the Center of a Lot of CrimeThe news comes by way of the Met’s Proactive Money Laundering Team. Detectives first opened an investigation into the woman’s financial dealings after she applied for several “bounce back loans,”...

Mike Novogratz has always been a huge bitcoin fan, but while he remains confident in the cryptocurrency, he is telling people not to go crazy.Mike Novogratz: Bitcoin Is a Safe BetAt press time, bitcoin is trading for well above $11,800. The currency has been on a roll these past few weeks and has surged by more than $2,000 from where it was in late July. However, the asset is still failing to reach $12K despite many separate attempts, and the resistance level at $12K is still proving too much...

Coinbase – one of the most popular cryptocurrency exchanges in the United States, as well as the world – has announced it will soon begin offering bitcoin and crypto-backed loans for customers to utilize.Coinbase Is Offering Bitcoin-Backed LoansCustomers can take out fiat loans against roughly 30 percent of the bitcoin they already have. While the loans themselves won’t necessarily be in bitcoin, they’ll certainly be backed by the digital asset. Coinbase is now one of the largest exchanges...

The Winklevoss Twins are back in the news. This time, they’re explaining bitcoin and the concept of cryptocurrency to online day trader Dave Portnoy, who founded Barstool Sports and “literally has no idea what bitcoin is.”The Winklevoss Twins Know What to SayThese are the words he said to his cameraman prior to an interview with the Twins. He later asked the man behind the machine, “Do you?” to see if anybody else shared his lack of knowledge on the world’s number one digital currency by...

The U.S. dollar has long been a dominant form of finance, but according to some analysts, the dollar’s strength and place in the monetary space is beginning to fade.How the U.S. Dollar Is Losing Its GripTo be fair, the U.S. dollar still holds plenty of precedence. The currency is utilized to pay for goods and services in both the U.S. and several allied nations. In addition, the U.S. dollar is what is giving many people their stimulus funds to help them survive the present coronavirus crisis,...

Recently, Live Bitcoin News reported that MicroStrategy Inc. spent more than $250 million on bitcoin. The company’s CEO Michael Saylor obviously believes in crypto and thinks bitcoin is the money of the future. This gamble has already paid off somewhat given that the company has now added roughly $100 million to its overall value thanks to the growing price of the digital asset.MicroStrategy Is Witnessing Solid Results from Its BTC BetWhen MicroStrategy first bought the bitcoin in question,...