Tag Archives: Bitcoin

Nassim Nicholas Taleb – the author of “Black Swan” – does not think much of bitcoin. Taleb Is No Longer a BTC Fan In the past, Taleb has been a huge advocate of the digital currency. He has commented that individuals “cannot ignore the bitcoin story,” claiming it had come quite far in the time it had been available to traders. He touted it as a powerful asset, and it was time to take the currency seriously. However, now it looks like Taleb is reversing his stance. In a...

What the heck ever happened to bitcoin serving as a tool that works against inflation? Bitcoin garnered this reputation last year during the coronavirus pandemic, but as it turns out, prices are continuing to rise, and the world’s number one digital currency by market cap has seemingly failed to get in the way. Bitcoin Is Not Working to Halt Inflation Many analysts are beginning to wonder why bitcoin is allegedly refusing to do its job. For the longest time, bitcoin was...

Summer is often a mixed time for cryptocurrency. In both 2018 and 2019, assets like bitcoin and Ethereum ultimately garnered mild gains here and there that caused several analysts and financial heads to think that the space was entering a period of recovery following massive prior drops. Cryptocurrency Sees Its Figures Drop During June This time around, however, cryptocurrency has been suffering heavily, and it does not look like things are on the verge of recuperating....

Crypto volumes are continuing to fall through the floor, and according to the latest data from digital asset manager Coin Shares, trading numbers have dropped to their lowest levels. Coin Shares Data Suggests an Ugly Exodus Bitcoin has taken one of its nastiest dives in history. The world’s number one digital currency by market cap was trading for a new all-time high of approximately $64,000 per unit in mid-April, though at press time, it is trading for approximately...

It looks like a thief’s love of bitcoin has gotten him in big trouble with American legal authorities. 33-year-old Aaron Laws of Atlanta, Georgia was recently sentenced to approximately three years in prison for allegedly stealing credit card numbers through Apple Pay to purchase bitcoin and more than $600,000 in luxury goods for himself. Aaron Laws Is Heading to Prison According to prosecutors in Washington state, Laws bought more than 500 individual credit card numbers...

A Russian woman named Katie Ananina has started a business that allows Americans, Canadians, Australians, and residents of the United Kingdom garner new passports as a means of avoiding taxation on their bitcoin and crypto holdings. Katie Ananina Wants You to Keep Your BTC Ananina first arrived in the United States in 2016. She garnered a green card after proving herself to be one of the best sailing instructors around, but she has since turned her attention to helping...

A young man who committed suicide a few years ago left a massive bitcoin fortune worth more than $300,000 that his family cannot access. A Lot of Bitcoin That’s Inaccessible The brother of the man took to Reddit to seemingly ask bitcoin enthusiasts what his sibling’s password might be. He also asked if it was “morally wrong” to potentially garner access to the bitcoin stash, which contained as many as ten separate units. The person in question relayed the story of his...

Bitcoin price started a fresh decline after it failed to surpass $35,000 against the US Dollar. The price is now trading well below the $34,250 zone and the 55 simple moving average (4-hours). There is a major declining channel forming with resistance near $34,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to continue lower towards the $30,000 support zone in the near term. Bitcoin price is slowly moving lower below $33,000...

Approximately 40,000 bitcoin units held within the Grayscale Bitcoin Trust are about to be unlocked, and many are wondering what this news will mean for the cryptocurrency industry. Grayscale May Lose a Hefty Stash Grayscale has a unique method of operation. Institutional investors who choose to do business with the firm can buy into the enterprise directly, meaning they must hold their shares for a minimum of six months before they are permitted to sell. As it turns...

Is bitcoin about to stage a comeback? This is the sentiment of a few financial analysts out there, who claim that technical indicators suggest the currency may head north from here. Bitcoin May Be Heading Towards Greener Territory Financial and crypto reporter Omkar Godbole recently wrote about one specific tech indicator pertaining to bitcoin and its present market conditions. He explained: Bollinger bandwidth, a measure of volatility calculated by dividing the spread...