Tag Archives: Bitcoin

The coronavirus has caused several businesses to shut down as of late, but the price of bitcoin is also contributing heavily to economic downplay. Several mining firms and blockchain-based enterprises don’t see a point in keeping their doors open so long as the asset’s price suffers, and some companies – like mining venture Digital Farms in California – have decided to shut down “indefinitely.”Digital Farms Will Close Down for a WhileThis isn’t the first time we’ve seen the mining industry...

New data suggests that investors are once again gaining confidence in bitcoin.Bitcoin Is Back, BabyThe currency – which is often seen as a speculative asset – shed several points off its reputation during the past few weeks, though to be fair, the same can be said for many assets (i.e. stocks, oil, etc.) The coronavirus pandemic sent everyone into a solid panic, and people began selling off everything they owned in the hopes of gaining cold hard cash before the global economy suffered too...

People who own cryptocurrency probably want to make sure there’s someone to receive it if they’re no longer around. The coronavirus has everyone scared about what will happen; are their lives at stake? Will they survive? Crypto startups like Casa and Unchained Capital are now helping enthusiasts ensure their loved ones receive their crypto stashes in the events of their demise.Casa and Unchained Capital See Surge in ActivityIt’s a morbid thought, but companies like Casa and Unchained Capital...

Big bitcoin price predictions keep entering our midst, with the latest one coming from Dan Morehead, the CEO of Pantera Capital.Morehead: BTC Will Surge Past $20,000While Morehead doesn’t push bitcoin into the six-figure range like Tim Draper or Ross Ulbricht have done in recent months, he’s confident BTC is set to accomplish big goals. He believes that by early 2021, the price of bitcoin will have surged past the $20,000 mark.Bitcoin almost reached this peak in December 2017. Just shy of the...

Changpeng Zhao – the CEO of Binance, arguably the largest and most popular cryptocurrency trading platform in the world – has joined the ranks of Ross Ulbricht, Charles Hoskinson and Tim Draper to claim that bitcoin will soon break the six-figure mark.Changpeng Zhao Thinks BTC Will Go All the WayMany analysts seem to have predicted that bitcoin, the world’s number one cryptocurrency by market cap, will reach $100,000 or more. Both Ross Ulbricht – the runner and founder of dark web marketplace...

The atmosphere surrounding cryptocurrencies such as bitcoin has gotten crazy following news of a $2 trillion stimulus package in the U.S. and the growing coronavirus pandemic. Many are revisiting the question of whether bitcoin qualifies as a “safe haven” asset and if it’s comparable to gold.Is Gold Still Better Than BTC?Matthew Dibb – the co-founder of Stack, which provides index funds and cryptocurrency trackers – commented on the overall situation:The trade tensions, political turmoil and...

Mike Novogratz – the head of bitcoin hedge fund Galaxy Digital – says that bitcoin “needs to rally this year.”Novogratz Is Still Confident in BTCAt the time of writing, economies around the world are suffering at the hands of an ongoing coronavirus pandemic that has stirred fear in the hearts of men. Many are wondering if things could recover in due time, while others remain bearish and claim that the $2 trillion stimulus package recently approved by the U.S. Senate won’t be enough to push...

Now that a $2 trillion economic stimulus package is on the verge of being approved by the Senate, many analysts and crypto enthusiasts everywhere believe the demand for bitcoin is going to go through the roof, which means now may be the time to buy… Before things get too expensive.Bitcoin Is About to Get Very BigLarry Kudlow – the chief economic advisor to President Donald Trump – called the plan the largest assistance the United States has ever seen, and further claimed:This legislation is...

It was looking like the crypto industry had entered irreparable territory a few weeks ago. Bitcoin, for example, had dropped by thousands of dollars, and it didn’t take long for several of its altcoin cousins to follow suit.Bitcoin Is Back in the GreenNow, however, things are once again looking up, and many analysts are wondering if bitcoin – which has recently surged by nearly $400 in the past day or so – will continue its rally and experience its 2020 high all over again.One source is...

The crypto industry is looking alive again as bitcoin and several other coins surged on the news that Congress is close to reaching an economic stimulus package deal.Bitcoin Is Firing on All CylindersAt the time of writing, bitcoin has shot beyond the $6,600 mark – roughly $400 higher than where it stood yesterday, while all the top ten currencies in the crypto arena have shot up by anywhere between three and seven percent.Congress has been pushing a $1 trillion economic stimulus package that...