A Fifth Circuit panel of three judges ruled against Richard Gratkowski’s appeal that Fourth Amendment rights should protect Bitcoin data. The panel ruled that the FBI agents who subpoenaed cryptocurrency exchange Coinbase to track Gratkowski’s payments to a child pornography website acted according to the law.4th Amendment Doesn’t Hinder US Law Enforcement to Track Bitcoin TransactionsOn Tuesday, a US court compared Coinbase to a traditional bank, citing the US Supreme Court’s decision in the...
Read More »Bitcoin Price Analysis: BTC Plunges $300 in 2 Hours, Here’s Why
Bitcoin bears appear to have come out of hibernation today. According to the latest data from Glassnode, Bitcoin hourly addresses hit a 2-year high today and hourly active addresses set at a new yearly high.While these figures might sound promising, they have coincided with a steep $300 crash in Bitcoin’s price over a 2.5 hour period. So far, the leading crypto’s market cap has fallen by over $4 billion over the past several hours.Bitcoin Price Levels to Watch in the Short-termBTC/USD 4-hour...
Read More »Comedian Bill Burr To Buy Bitcoin For The First Time
After a podcast with popular Bitcoin proponent Anthony “Pomp” Pompliano, the famous comedian Bill Burr said that he will buy BTC. Fellow comedian and co-host Bert Kreischer regretted not buying Bitcoin before but seemed more interested in purchasing mining equipment.Current Economic SituationCo-founder and partner at Morgan Creek Digital Anthony Pompliano recently appeared in a podcast jointly hosted by two popular comedians – Bill Burr and Bert Kreischer.Bill Burr (left) and Bert Kreischer...
Read More »Fundamentally Strong: Bitcoin Hit These Highs Today Despite Stagnant Price Action
The last few weeks were quite stagnant for Bitcoin in terms of price movement, considering the cryptocurrency is famed for its price action. However, while BTC price is looking pretty unexciting in recent times, Bitcoin is fundamentally strong as the network activities continue to record new highs.Positive On-Chain Market ActivitiesAccording to insight first shared by Glassnode CTO Rafael Schultze-Kraft, on-chain market metrics including transaction counts, new addresses, active addresses,...
Read More »Almost 70% Don’t Ever See Gold Price Flipping Bitcoin Price
A recent poll by the popular gold proponent Peter Schiff indicated that most of his followers believe that the price of the bullion will never surpass Bitcoin’s.One BTC > Ounce Of GoldPeter Schiff is a prominent US economist and a famous gold-bug. However, he is also a well-known Bitcoin basher and rarely misses an opportunity to lash out against the primary cryptocurrency.He recently published a rather compelling poll on his personal Twitter account, asking, “how long do you think it will...
Read More »Bitcoin Fails at $9,300 as DeFi Altcoins Surge: Thursday’s Price Watch
Bitcoin attempted to conquer the $9,300 but to no fruition. The price pulled back and failed to breach the level. Meanwhile, the DeFi market continues to boom, with numerous projects marking double-digit daily increases.Bitcoin Price Fails at $9,300Bitcoin didn’t manage to claim $9,300 yesterday and has since retraced to its current trading level at around $9,200.As CryptoPotato reported, this is a vital level to watch in the short-term and should provide a good indication of how confident...
Read More »Bitcoin Price Analysis: BTC Bears Eye $8,600 As RSI Divergence Grows
On the 1D BTC/USD chart, we can see that the leading crypto-asset remains range-bound between the daily $8,600 and $10,000 levels.Rumors earlier in the week regarding PayPal possibly adding support for Bitcoin and other cryptocurrencies on its platform, sparked a small rally but failed to fuel a much-needed breakout above a key resistance level at $9,780.The pump was subsequently followed by a sharp sell-off below the previous weekly open at $9,300 (white line on the following chart), which...
Read More »Tezos Partners With Bolt Labs to Integrate Layer Two Privacy Protocol For Bitcoin
Bolt Labs announced today that it plans to integrate its off-chain Bitcoin private payments protocol called zkChannels to the Tezos blockchain. The company is working with teams at Nomadic Labs and Metastate to complete the integration via an amendment proposal to be done by 2021.zkChannels To Build On TezosOriginally called BOLT, zkChannels v1 protocol saw the light of day earlier this year when Bolt Labs announced that it “enables private payments via zero-knowledge proof of knowledge...
Read More »Bitcoin Price Closes Its Third Best Q2 in History with 42% Gains
Following an increase of 42% during Q2 2020, Bitcoin’s closing price of $9,140 was the third-highest position the asset has seen at the end of a quarter, trailing only to Q2 2019 and Q4 2017. On a yearly scale, BTC is also outperforming the S&P 500, WTI, gold, and the US dollar.Bitcoin Goes Up In Q2 2020The end of June marked the closing of the second quarter of 2020. As such, the popular cryptocurrency monitoring company Skew explored various aspects of Bitcoin’s performance during that...
Read More »Mysterious Bitcoin Whale Moves $933 Million – 0.5% Of All BTC
The tweet by Bitcoin Block Bot on June 27, 2020, reported a large-scale transaction, involving the movement of $933 million worth of bitcoin. Interestingly, the total transaction fee cost was 0.00005271 BTC, which is just meager $0.48.Whale alert! ? Someone moved 101,857 BTC ($933M) in block 636,503 https://t.co/sy099uLVBV— Bitcoin Block Bot (@BtcBlockBot) June 26, 2020A total of 101,857 BTC was split unequally between two separate bitcoin recipient addresses. That’s a total of 0.485% from...
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