Tag Archives: News

A gold coin with a denomination of approximately 1,000 bitcoins was purchased in 2011. This is when bitcoin wasn’t trading for anywhere near the price it is at today. At the time, the coin was worth about $4,900. It stayed in a desk drawer for many years, ultimately forgotten about and lost to time. A Gold Coin and Bitcoin Fused Into a Special Asset However, now its owner – who wishes to remain anonymous – has pulled it out of that desk drawer and has had the currency...

It looks like the need to cater to institutions’ growing desire for crypto is getting bigger and bigger amongst standard financial institutions. U.S. Bank has just announced that it is unveiling a new crypto custody service that fund managers can use to store both private keys and digital assets. U.S. Bank Potentially Sees Crypto as Important The idea of banks and crypto mixing is an unusual one, primarily because they are both so different. For one thing, banks seek to...

Bitcoin has hit $50,000 per unit once again. The world’s number one digital currency by market cap has surged in recent days to a figure that it hasn’t seen in quite some time. Bitcoin Is Spiking Like Never Before As we have witnessed in the past, September tends to be rather bearish for bitcoin. This was never more evident than in 2020 when the digital currency – which was trading for about $12,000 per unit during August of that year – fell to about $10K just a month...

The city of San Jose, California has a new plan in place that is set to benefit crypto miners and lower income families within the area. The plan is that these families will qualify for free internet services for approximately one year while city officials join hands with a blockchain company to mine Helium. San Jose Is Making a Name for Itself in the Crypto Space The California Emerging Technology Fund (CETF) will purchase approximately 20 separate hotspots from the...

China has banned cryptocurrency. As one of the largest territories in Asia, one would think that the nation of China is setting the stones in place for a continent that has no desire or use for the world’s number one digital asset, but apparently, the situation has led to the exact opposite. Asia Is Moving Ahead as a Crypto Haven Despite China’s sudden hate for BTC, it looks like crypto activity in Asia has grown by more than 700 percent over the past few months, almost...

The prices of bitcoin and several leading altcoins have spiked over the past few days following an announcement from Jerome Powell – the chairman of the Federal Reserve – that the United States has no intention of banning crypto use. Bitcoin Is Doing Better Now That America Gives the Greenlight Several traders throughout America are likely breathing a heavy sigh of relief given that China has worked heavily to remove bitcoin from its turf, first by banning all miners and...

EOS price started a decent increase from the $3.65 zone against the US Dollar. The price is now trading above $4.20 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $3.98 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue higher if it clears the $4.80 and $5.00 resistance levels. EOS price is showing positive signs above $4.20 against the US Dollar, similar to...

Litecoin price found support near $140 and corrected higher against the US Dollar. LTC price is now trading above $162 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $148 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to rise towards $200 as long as it is above the $162 level. Litecoin price is recovering higher above $160 against the US Dollar, similar to...

El Salvador is now using energy from nearby volcanoes to mine bitcoin. El Salvador Is Putting Local Volcanoes to Good Use President Nayib Bukele announced late last week that his country had minted what he called the first volcano-powered bitcoin unit. He also posted a video of bitcoin rigs being set up at a geothermal crypto mining operation stationed in a forest which happened to be near a volcano. Thus far, El Salvador has only managed to extract roughly $280 in BTC...

The Securities and Exchange Commission (SEC) is once again delaying its decision-making process regarding new bitcoin-based exchange-traded fund (ETF) applications. The SEC Cannot Seem to Make a Decision for Anything This has been going on for years now. The SEC does not seem capable of making a choice regarding such a product. It just delays, delays, and delays some more, and right when you think a final decision is going to be made, the agency puts things off again....