Tag Archives: Bitcoin

Bitcoin price started a recovery wave from the $15,500 support against the US Dollar. The price is now trading above $16,500 and the 55 simple moving average (4-hours). There was a break above a crucial bearish trend line with resistance near $16,480 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could recover further, but upsides might be limited above the $18,500 resistance zone. Bitcoin price is recovering above $16,500 against the US Dollar. BTC might...

Elon Musk has not always been the kindest person to bitcoin. He has made unfair judgements about it in the past, and when it comes down to it, it seems he’s a much bigger fan of some of its altcoin cousins, i.e., Dogecoin, than he is of the currency that started it all, and yet despite all this, there still seems to be some love in the mix. Elon Musk Hasn’t Gotten Rid of All His BTC It has come out that Tesla – the electric vehicle company owned and run by Musk – is...

According to a new survey, many residents of El Salvador consider the bitcoin experiment implemented by their country’s leaders a failure. El Salvador and Bitcoin… Will They Break Up? The poll was conducted by the University of Central America. Roughly 75 percent of the survey participants said they have not used any cryptocurrency throughout 2022. A total of 77 percent of the participants flat out said that they don’t feel implementing bitcoin as legal tender was a...

Australia has made a specific taxation decision when it comes to crypto assets, and members of the industry and active traders are not happy about it. Australia May Have Made a Severe Choice Regarding Crypto Not long ago, Australia announced that for tax purposes, it would continue to treat digital currencies as physical assets rather than foreign currency. The government of Australia is now set to introduce full legislation cementing the decision. What does this mean?...

For the first time in two years, most of the world’s active bitcoin addresses have experienced heavy losses and are now in the red. Bitcoin Addresses Are Seeing Fewer Returns The data comes from Glass Node, which measured all the current bitcoin addresses that are still sending funds to digital currency exchanges. The company says the activity is at a 23-month low, which means more selloffs could be in BTC’s future in the short term. Dan Ashmore – an analyst at Coin...

Two Chinese spies are alleged to have tried to bribe a U.S. intelligence officer with bitcoin as a means of gaining information regarding the prosecution of a company that remains anonymous at the time of writing. The news comes by way of the U.S. Department of Justice. Two Spies Tried to Bride a U.S. Government Employee The two spies that have been named include Dong He (aka Guochun He) and Jacky He (aka Zheng Wang). Both were seeking to steal files and other...

In early 2021, both Elon Musk and Tesla announced that they bought a ton of cryptocurrency – over $1.5 billion in bitcoin, to be exact. While things may have started out on a positive note, the volatility and price swings of 2022 have caused both figures to suffer dramatically, and it appears these bitcoin investments have brought each of them down. Elon Musk Hasn’t Had a Good Bitcoin Run It was announced earlier this year that both figures had lost a lot on their...

Bitcoin price started a fresh decline below the $18,000 zone against the US Dollar. The price is now trading near $16,450 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $16,500 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could recover, but upsides might be limited above the $17,450 resistance zone. Bitcoin price is struggling below $17,000 against the US Dollar. BTC might extend...

With the recent collapse of the British pound following the exit of the country’s latest prime minister, it appears bitcoin is once again taking on “safe haven” status. Bitcoin Is a “Safe Haven” Following the Fall of the Pound This is a narrative that was greatly pushed during the early days of the coronavirus. In that time, fiat currencies were crashing and burning, and inflation was starting to become a huge problem. While it was nowhere near where it is today, the...

Relai – a Swiss bitcoin app – is joining hands with Checkout.com to allow all its customers to purchase mainstream digital currency tokens like bitcoin and Ethereum. Relai and Checkout.com… A Perfect Match? The move is slated to improve crypto adoption and give the space a stronger level of legitimacy. Checkout.com is a global payments provider that works with companies around the world to ensure their customers can buy goods and services utilizing multiple payment...