Tag Archives: btcusdt

The past week was incredible for Bitcoin. During the previous weekend, the primary cryptocurrency saw its price touching above $12K and dumping to $10,500. A loss of $1600 in a matter of minutes.However, throughout the past week, the price slowly recovered towards the $12K mark once again. On Thursday, when it seemed that a new 2020 record is coming up, we warned here following a second failure to break the $12,000 resistance mark.Yesterday Bitcoin plunged to as low as $11,200 (prior...

Germany’s financial regulator has come down hard on Bitcoin ATMs that are operating in the country without a license.BaFin Clampdown on Unlicensed Bitcoin ATMsAccording to a report by Handelsblatt, the German Federal Financial Supervisory Authority (BaFin) targeted operators of Bitcoin ATMs that were working in the country illegally. Only BTC machines with a BaFin license according to the German Banking Act can function in Germany.The report further reveals that the operator of BTC ATMs under...

Grayscale Investments, Barry Silbert’s bitcoin, and crypto asset management firm will launch a nationwide advertising campaign in the United States next week. Silbert, also the founder of Digital Currency Group, announced it on Twitter a few hours back.Grayscale ‘To Bring Crypto To The Masses’ In Another Ad CampaignIn a tweet posted earlier today, Grayscale CEO Barry Silbert ‘dropped’ the news about his firm’s ad campaign going live next week. It will kick off with a television commercial on...

BitcoinBitcoin saw a 5% price rise this week as it reached the $11,750 level. The cryptocurrency started the week at the $11,400 level as it pushed higher into $12,095 on August 2nd. From there, Bitcoin experienced some major volatility as it dropped by $1,400 in just a few minutes to fall into the $10,575 (.5 Fib Retracement) level.Bitcoin rebounded from there and started to grind higher again over the week as it reached the $11,750 level today.Looking ahead, if the buyers push higher, the...

It’s another exciting day in Bitcoin land. And no, it doesn’t have to anything with BTC’s rallying price. Of course, the price has brought smiles on the faces of Bitcoiners across the world, but there’s something else too.The latest data shows that whales no longer control Bitcoin’s supply. The number of retail investors owning little BTC has steadily increased in the last 5 years. Does it point to a rise in Bitcoin adoption?≤ 10 BTC Holders Increased While Those Holding 100 – 100K BTC...

Bitcoin continued heading upwards, but it couldn’t challenge the $12,000 line. Bitcoin Cash’s 10% increase is among the most impressive from the larger-cap alts, while some lower-cap altcoins have been surging by double-digits.Bitcoin Aims At $12,000Bitcoin was steadily progressing towards $12,000 in the past 24 hours. After yesterday’s low of $11,580, bulls took charge and spiked BTC’s price to a daily high of $11,910 on Bitstamp. However, the primary cryptocurrency couldn’t sustain its run...

Over the year so far, Bitcoin has demonstrated interesting correlations with legacy markets. During the crash, largely-induced by the spread of the novel coronavirus and for a period after that, the cryptocurrency was trading in line with the stock market.Now, however, it appears that Bitcoin is largely perceived as a safe haven as it demonstrates a massive correlation with gold and silver.BTC Correlation with Gold at an All-Time HighObserving the way Bitcoin transacts is particularly...

Bitcoin’s network is known for a lot of things, and low transaction fees are undoubtedly one of them.Less than an hour ago, we saw another example of this as upwards of $1 billion worth of BTC was transferred from one address to another for a fee of $4 at current rates.$1 Billion Worth of BTC Transferred for $4Whale transactions are not uncommon in the cryptocurrency field. At the beginning of July, CryptoPotato reported that someone had moved $933 million worth of Bitcoin (around 101,860...

The large cryptocurrency asset manager Grayscale Investments has filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) for its Grayscale Ethereum Trust. Should the application be successful, the ETH Trust will be the second company product designated as a digital asset investment vehicle reporting to the SEC after the Grayscale Bitcoin Trust. Grayscale ETH Trust Files For Form 10 With The SEC Also known as the General Form for...

By working together with the US Federal Bureau of Investigation (FBI), German law enforcement agencies have seized nearly $30 million worth of Bitcoin and Bitcoin Cash from two men allegedly running a large pirate streaming website called Movie2K.Movie2K’s BackstoryThe pirate streaming website began operating in 2008 and ran until 2013. In that timeframe, Movie2K allegedly distributed nearly 900,000 copies of movies and TV shows. Its popularity grew rapidly, and before it closed in 2013, it...