Tag Archives: btcusd

Recent Chinese reports indicate that a new cryptocurrency scam, resembling the notorious PlusToken, has been brought to trial this week. Dubbed WOTOKEN, allegedly scammed over 700,000 users and absorbed more than $1 billion worth of Bitcoin and other digital assets.The New Chinese Threat: WOTOKENAccording to local reports, the trial began on May 14th in the People’s Court of Binhai Country, Yancheng City, against six defendants allegedly operating the WOTOKEN project. More specifically, the...

According to Robert Kiyosaki, Bitcoin will be valued at $75,000 in three years, as an incompetent Fed oversees a dying economy.The author of the global phenomenon, Rich Dad, Poor Dad, took to Twitter on May 16, where he revealed his recent investments in hard assets such as gold and silver – and also Bitcoin.He made three bold price predictions about the assets mentioned above, citing a dying economy and Fed bailouts as the main catalysts. Kiyosaki tweeted:ECONOMY dying. FED incompetent. Next...

American professional basketball player, Spencer Dinwiddie is raising nearly $25 million worth of Bitcoin from fans and will allow them to pick his next team. Should the campaign fail, though, the current Brooklyn Nets guard plans to give all bitcoins for charity.Dinwiddie To Raise BitcoinsThe 27-year-old basketball player is under contract with the New York team at least until the 2020-21 season. Before the suspension of the NBA season, he was enjoying his best year yet, averaging 20.6...

Friday was a big day for Bitcoin Twitter. Harry Potter author J.K. Rowling asked Twitter to explain the cryptocurrency to her. All the big whales on Bitcoin Twitter jumped into the thread to offer various explanations and summaries to the legendary fantasy writer.J.K. Rowling asks Twitter to explain Bitcoin. | Source: TwitterElon Musk even chimed in:Source: TwitterSince Rowling ultimately concluded in the threads that followed that she just couldn’t understand Bitcoin no matter how people try...

Over the past day or so, Bitcoin suffered from a massive price correction. After reaching the $10K zone for the second time in 10 days, Friday’s devastating candle saw a huge drop of over $800 to $9112, which is the current low on Bitstamp.If you had read our previous price analysis from Thursday, you can’t be surprised. Along with calling the $9800 – $10,000 the “real test” for Bitcoin’s short-term, we also mentioned that the parabolic move since the halving “better slow down because we all...

Bitcoin’s halving finally took place at block 630,000 on May 11th, 2020. Like many cryptocurrency enthusiasts and market participants pointed out, the block countdown felt much as if it’s New Year’s Eve. However, it’s already behind our backs, and the price has managed to add another $1,000 to it since then.In the four short days since the halving, Bitcoin increased from $8,550 to where it currently trades at around $9,380. This marks an increase of about 11%. As a matter of fact, BTC tested...

If the Federal Reserve decides to implement negative interest rates as many have anticipated, it could prove to be a key pivot point in the story of Bitcoin.That’s according to a May 14 report by Stack Funds, which states that an era of negative rates could be Bitcoin’s time to shine.Negative Rates a Pivot PointThe report notes that the threat of negative rates, coupled with the injection of $3.5 trillion newly printed dollars into the economy will cause investors to turn away from...

The well-known economist and gold proponent Peter Schiff took it to Twitter to explain why high inflation rates won’t cause an increase in Bitcoin’s price.Bitcoin Is Not An Inflation Hedge: Peter SchiffWorld-renowned economist and author, Peter Schiff, took yet another chance to bash Bitcoin – something he’s been doing openly for quite some time now.In his latest Twitter post on the matter, the expert argues that increasing inflation rates won’t bring Bitcoin’s price up.Inflation results in...

One of the most recognized luxury sports car manufacturers, Automobili Lamborghini, has launched a limited digital stamp collection for selected vehicle models. The company is partnering up with Bitstamps, and by utilizing blockchain technology, they guarantee the history and uniqueness of each digital stamp.Lambo And BlockchainAccording to the company’s website, Lamborghini already launched the first digital stamp in honor of its newest model – Huracan EVO RWD Spyder. The Italian-based...

BitcoinBitcoin had an interesting 7-day trading period as the coin dropped by a small 3% over the week. However, this is because BTC fell by a strong 10% over the weekend as the coin fell from $9,600 to reach as low as $8,500. It rebounded from here and started to climb after the halving occurred earlier in the week.After rebounding, Bitcoin reclaimed the $9,000 level and continued upward to reach the resistance at $9,815 yesterday. It dropped lower from this level today to reach the current...