Tag Archives: Bitcoin

Bitcoin has undoubtedly suffered this year thanks to the economic onslaught caused by the coronavirus, but according to one analyst and investor, the cryptocurrency is about to make a monster-sized comeback, and could reach as high as $75,000 in the coming weeks.Bitcoin Could Hit the $75K MarkAccording to Timothy Peterson – financial analyst and Cane Island alternative – the world’s number one digital currency is mimicking the behavior it exhibited seven years ago in the year 2013. According...

Bitcoin price started a downside correction from the $10,420 swing high against the US Dollar.It tested the $9,280 region and currently trading nicely above key supports.There is a key bullish trend line forming with support near $9,540 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to start a fresh increase as long as it is above the $9,280 swing low.Bitcoin price is trading in a nice uptrend above $9,540 and $9,300 against the US Dollar. BTC could...

The mystery surrounding Satoshi Nakamoto, the pseudonymous creator of the world’s number one digital currency by market cap (bitcoin), has just gotten a whole lot weirder.What Did Nakamoto Do Before BTC?The latest prediction surrounding Nakamoto’s identity suggests that the infamous bitcoin developer potentially had ties to some very shady individuals. Escobar Inc. – a company associated with Pablo Escobar, a Latin American drug lord – is claiming that Nakamoto may have done some work for the...

According to some analysts, bitcoin will potentially hit a price of $300,000 in the coming years even without institutional assistance.Institutional Players: Their Job Is OverratedUp to this point, it was long figured that institutional players were necessary to bring a level of legitimacy to bitcoin. This would ultimately be one of the main touches in making the currency mainstream and placing it alongside gold as a store of value.One of the reasons that many of these investors have been...

BlockFyre founder Simon Dedic is predicting that the next bull rally will take the world’s number one digital currency by market cap – bitcoin – into the $150,000 range. He’s also predicting that many altcoins will hit it big as well, with assets like Ethereum striking the $9,000 mark.Dedic: Bitcoin Will Hit $150KIn a series of tweets, Dedic discussed the 2017 bull run that saw virtually every digital currency spiking to levels that virtually nobody could have predicted. At that time, bitcoin...

Cryptocurrency trading platforms Xapo and Indodax have been hit with a massive lawsuit that accuses the exchanges of harboring stolen digital funds.Xapo and Indodax Are Headed to CourtAccording to court documents, both companies failed to employ anti-money laundering and know your customer (KYC) protocols to ensure that the money they were being asked to store came from reputable sources. In addition, it appears the companies did not bother to perform background checks on the account holders...

Bitcoin has been at the center of many financial arguments as of late, especially after the United States rolled out a $2.2 trillion economic stimulus plan.Why Some Feel the Stimulus Plan was WrongThis plan saw many checks – worth approximately $1,200 each – make their way into American’s pockets and bank accounts. In addition, billions were unveiled for small business relief. Despite the good intent behind the stimulus package, many saw this move as too fast.One of the big complains behind...

U.S. President Donald Trump is looking to designate Antifa – a group of far-left extremists that get their kicks out of attacking policemen and vandalizing property – as a domestic terrorist group.Antifa Is Considered a Terrorist GroupAntifa is allegedly funded by Hungarian businessman George Soros, who appears intent on keeping the United States on edge and in constant civil war. Recently, Florida Republican Representative Matt Gaetz has called for the freezing of all funds that are being...

Remember Andrew Yang? Yeah, neither do we. His presidential campaign lasted around the same time as 90 percent of all the new fall sitcoms that emerge every year (it had about the same level of impact, too).Andrew Yang Ex-Staffer Catches the Politics BugWell, for anyone who doesn’t recall Yang’s time in the spotlight, he was one of many, many, many people who sought the democratic presidential nomination in 2020, and like those many, many, many other people, he failed to garner notice from...

Bitcoin and crypto traders alike have always been intrigued by the mystery surrounding Satoshi Nakamoto, the pseudonymous trader behind the creation of the world’s number one digital currency.Maybe Keeping Nakamoto Hidden Is BestWho is he? How did he get the idea, and is he still alive or has he passed on? These are all major questions that several bitcoin enthusiasts have likely asked themselves over the years, but according to several analysts and industry experts, it might be best not to...