Tag Archives: Bitcoin

It’s funny that someone who’s so rich wouldn’t know anything about bitcoin or cryptocurrency, but that seems to be the case for bestselling author J.K. Rowling, who’s won multiple awards and garnered worldwide fame for her Harry Potter book series.J.K. Rowling Doesn’t Understand BitcoinRowling has a net worth of approximately $1 billion, which means she’s a wealthy person. The author has sold more than 500 million books across the world, primarily from her Harry Potter series. These books...

Bitcoin may be at the center of crypto enthusiasts’ attention as of late due to the recent halving, but it’s not the only coin that’s on a bull run. Tezos (XTZ) – the tenth largest cryptocurrency by market cap – has lots of fans going crazy about where it will go, as it has already risen by more than 80% since the beginning of the year.Tezos Is Getting a Solid ReputationAt the time of writing, Tezos is trading for just over $2.50. That’s about 85 percent higher than where it stood during the...

Bitwala – a bank in Germany – is forming a close relationship with cryptocurrency and is giving its customers the chance to buy, sell and trade bitcoin, as well as earn interest on their stashes.Bitwala Brings Crypto to CustomersIn the past, traditional banks and cryptocurrencies have not gotten along, as they both share extremely different values. Banks are centralized and controlled by outside entities, whereas cryptocurrencies are not. Banks seek to regulate money and only offer their...

Bitcoin, as of late, has been seen by investors as a tool that can potentially hedge wealth against inflation and other economic problems. It looks like that attitude towards the cryptocurrency is likely to continue in America for some time considering the new warning by Federal Reserve Chair Jerome Powell.Jerome Powell: The Economy Is Still WeakYesterday, Powell emerged to warn U.S. citizens that the economy is slated to face weak growth in the coming months “without modern precedent.” He...

The bitcoin halving has come and gone, and it appears the crypto community is seeing a whole new wave of traders entering the mix.Bitcoin Has Gained Heavy PopularityAccording to some analysts, more people are beginning to direct their eyes towards the world’s number one cryptocurrency by market cap, which now seems like a relatively valuable and attractive financial tool given its newfound rarity. While bitcoin itself is widely in circulation – approximately 18 million BTC units have been...

Bitcoin is once again trading above $9,000 at the time of writing, proving its resilience and suggesting that perhaps its latest drop below that level was something of a fluke, and yet there are some analysts out there that are rejecting the notion of short-term gains and saying only hodlers should buy bitcoin right now.Maybe We Shouldn’t Buy At This TimeHodling is the process of holding bitcoin or any cryptocurrency no matter what. Whether the price goes up or the price goes down, it doesn’t...

The past few weeks have been relatively up and down for bitcoin, the world’s number one digital asset by market cap, but for Changpeng Zhao – CEO of Binance, the most popular and largest crypto exchange across the globe in terms of volume – the good news is just getting started for BTC.Changpeng Zhao Thinks Use Will Increase for BTCDuring the last few months, there has been serious hype surrounding the bitcoin halving, which occurred roughly 48 hours ago. For the most part, the leadup to the...

When billionaire investor Paul Tudor Jones revealed just last week that he was investing in bitcoin and that he was confident in its status as an exemplary asset, traders were stunned.Paul Tudor Jones: BTC Is KingIt’s not everyday that a billionaire praises BTC, the world’s number one digital asset. In fact, most billionaires – from Mark Cuban to Warren Buffett to U.S. President Donald Trump – have been critical of bitcoin and digital currencies in the past, claiming that they are based on...

Bitcoin price started a strong downside correction from the $10,069 high against the US Dollar.It is currently consolidating above the $8,400 and $8,250 support levels.There is a crucial bullish trend line forming with support at $8,410 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could start a fresh rally if there is a clear break above $9,120 and $9,180.Bitcoin price is currently consolidating losses above the $8,400 support against the US Dollar. BTC is...

Is it possible that the coronavirus pandemic has managed to help bitcoin in the long run?The Coronavirus Has Served a Loft Purpose, in a WayWhile the virus ultimately caused bitcoin to lose most of its value in mid-March of this year, those losses have largely been earned back. In addition, the Fed has resorted to the excess printing of money and the release of stimulus funds to assist people as they deal with a flailing economy and an illness that very few people really seem to understand....