Tag Archives: BTCGBP

When Bill Harris, former CEO of PayPal, described Bitcoin as “the greatest scam in history” in an article for Vox, the last thing that would come to his mind was the role his company would play in the global adoption of this cryptocurrency.This was in 2018, just when Bitcoin was on a major bearish trend. The bubble —as Harris described it— exploded. But things changed, a new CEO replaced Harris and Bitcoin’s price slowly recovered. Well, slowly until PayPal jumped on the Bitcoin...

After almost touching $19,000 for the second time, Bitcoin has calmed and retraced below $18,500 (as of writing these lines). At the same time, most alternative coins have doubled-down on their recent gains. Ripple’s 60% weekly spike has helped the asset overcome Tether as the third-largest cryptocurrency by market cap.Bitcoin Slows Down After Doule-Top At $19KBTC’s latest impressive price developments led to a notable leg up yesterday and yet another fresh yearly high. This time, the asset...

The Chief Investment Officer of the world’s largest asset manager, BlackRock, believes that Bitcoin and cryptocurrencies are here to stay. Although he hasn’t invested in BTC, Rick Rieder asserted that Bitcoin could “take the place of gold to a large extent.”BlackRock’s CIO Believes In BitcoinFounded in 1988 in New York, BlackRock is an American global investment management corporation. In fact, it’s the world’s largest asset manager with over $7 trillion in AUM as of the end of 2019.Its CIO,...

Bitcoin’s booming price seems to be attracting new investors. Data from the analytics company Glassnode indicated that the BTC network has just registered the highest number of newly created address in nearly three years.Bitcoin FOMO Kicking In?The primary cryptocurrency has been on a massive roll in the past few months. The days of dabbling around the $10,000 price tag in early September are long gone. In fact, BTC has nearly doubled its price since then.During the past month alone, Bitcoin...

After running a 12-month test, U.S.-based digital asset investment management DAiM has announced the launch of the first employer-sponsored 401(k) plans that use bitcoin as a base currency. According to the announcement today, DAiM notes that the new service is compliant with the Retirement Income Security Acts of 1974 (ERISA) and will be fully available from 2021. Allocating Up To 10% To BitcoinThe crypto manager said it would work closely with companies and serve as an advisor and custodian...

Bitcoin initiated another impressive leg that resulted in charting a fresh new 35-month high at nearly $19,000. Only a few percentages from December 2017 all-time high. The altcoins have also painted notable price pumps, including a 25% surge for Ripple.Bitcoin Is Less Than $1K From Its ATHJust about five days ago, Bitcoin was struggling with decisively overcoming the $16,000 price tag. However, the primary cryptocurrency went on a roll since then, which drove it to $18,500 a few days ago....

Ignoring all known rules of gravity, Bitcoin has taken for the skies, and it shows absolutely no signs of slowing down. This week the cryptocurrency is up by another 14% and is currently trading just about 6% below its all-time high of around $20,000 reached in December 2017.The week started off fairly calmly, and some were even thinking that there is a correction incoming. This wasn’t the case, as right after the weekend, BTC started moving… up. It breached its former high on Wednesday and...

BitcoinBitcoin went through another powerful 15% price surge this week, which saw the cryptocurrency climbing over $18,000 and reaching as high as $18,800. It was trading at $16,400 last Friday, and it struggled to break this resistance over the weekend.This change on Monday, when Bitcoin started to surge higher. It quickly managed to push above $17,000 and break the resistance at the 2018 High at $17,186. The bull run continued higher throughout the week until resistance was found at around...

Bitcoin price continues its parabolic intraweek rally with a surging breakout from the bullish pennant we discussed in yesterday’s analysis. Since the opening of the traditional markets on Monday, BTC has risen by an eye-watering 17%.With the leading crypto asset now holding at around $18,700, it’s only 5% shy from getting back to its all-time high set on December 17, 2017 – 1,069 days ago.Looking at the global crypto picture, a further $21 billion has entered the market in the last 16...

Masayoshi Son, the founder, and CEO of the giant Japanese multinational conglomerate SoftBank Group, has lost millions from buying Bitcoin high and selling it low. In a recent speech, he also admitted that he doesn’t understand how the cryptocurrency works, but he believes some digital asset will have a role in the future.SoftBank CEO’s Unsuccessful Bitcoin InvestmentThe 63-year old Japanese billionaire and philanthropist recently spoke about his regrets, especially financial misfortunes,...