Tag Archives: Bitcoin

Leading crypto exchange Coinbase has partnered with a 401(k)-plan provider known as For Us All to give its employees the chance to use their retirement funds to invest in crypto. The idea is to ensure that all employees of the digital trading giant are not just working in the crypto industry but taking advantage of it as well and benefiting from all it offers. Coinbase Employees Can Now Take Advantage of Crypto Individuals will have the opportunity to invest as much as...

Bitcoin price started a fresh increase above the $38,000 resistance against the US Dollar. The price is now trading above the $38,000 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $38,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could correct lower, but it is likely to remain well bid near $38,500 and $38,000. Bitcoin price is trading in a bullish zone above...

Chinese law enforcement agents have arrested approximately 1,100 individuals on charges of using crypto to launder money. The move is clearly a reminder that China is avidly working towards a society where crypto holds a limited or non-existent presence. China Is Working Against a Crypto Society In the process of arresting everyone, China has also stated that it has eliminated more than 170 criminal gangs known for committing financial crimes. The individuals in question...

Given that bitcoin has endured such a sharp drop, is now the time to buy? This is a question that several renowned financial analysts – including Michael Binger, president of Gradient Investments and Gina Sanchez, CEO of Chantico Global – have been trying to answer. Bitcoin Still Remains Quite Vulnerable to Price Swings Bitcoin initially rose to a new all-time high of approximately $64,000 per unit in mid-April. However, from there, the world’s number one digital...

Ken Moelis is an investment banker who knows a thing or two about finance. In a recent interview, he likened the bitcoin craze to the California Gold Rush of 1848, and says he is also looking for a few crypto business opportunities himself. Ken Moelis: The Gold Rush Is Back, Only Now People Are Seeking BTC Moelis is the founder of boutique bank Moelis & Co. While he, himself, is personally open to directly investing in bitcoin and its competing altcoin cousins, he...

Interest in bitcoin and cryptocurrencies really surged in America during the peak months of COVID, and now many traders in the United States are seeing that interest lead to profits. According to blockchain analysis firm Chainalysis, Americans have seen their bitcoin holdings return more than $4 billion to initial holders. Americans Love Their Bitcoin While bitcoin may be suffering pricewise at the time of writing, the currency has recently concluded what is arguably its...

Bitcoin has risen to about $37,000 per unit at the time of writing. While this number is nothing compared with the new all-time high it attained in mid-April, it is still about $5,000 more than where it stood during the early portion of the week. Thus, it can be said that bitcoin may be returning to its bullish roots. However, according to New York University finance professor Aswath Damodaran, investors should not get too comfortable with the sudden rise of the world’s...

A group of protestors calling themselves “Stopelon” gathered outside the Tesla processing factory in northern California earlier in the week to voice their anger at Elon Musk and his continued antics in the world of cryptocurrency. Elon Musk Faces More Anger Elon Musk has recently been deemed one of the most disliked figures in the digital currency scene. While at one point, the South African entrepreneur proved himself one of the strongest and most influential figures...

Digital currency research firm Coin Metrics has released a new report claiming that bitcoin is beginning to lag when compared with the likes of competing altcoins such as Ethereum and Dogecoin. Coin Metrics: Altcoins Are Taking Over While bitcoin is still the world’s number one digital currency by market cap (it is currently trading for about $35,000 per unit), the asset has experienced some serious dips over the past month, while by contrast, Dogecoin and Ethereum have...

Kevin O’Leary – aka Mr. Wonderful on the television show “Shark Tank” believes that bitcoin could eventually overpower the stock market. Kevin O’Leary: Sustainability Will Make a Big Difference His sentiment comes from the sudden shift that many bitcoin miners are making. Initially, bitcoin was the subject of much concern and disgust amongst environmentalists, who claimed that the extraction process behind bitcoin was contributing to severe atmospheric destruction....