Tag Archives: News

Gary Gensler – the new head of the Securities and Exchange Commission (SEC) – says that while he understands why so many people are eager to jump aboard the crypto bandwagon and invest in these new assets, there is still too much fraud meandering about, and more regulations need to be implemented as a means of protecting people from illicit behavior. Gary Gensler Wants More Crypto Regulations One of the big problems Gensler has with crypto – bitcoin specifically – is...

If you think the bitcoin or cryptocurrencies you purchased through PayPal are officially yours, think again. As it turns out, anyone who purchases digital assets through the company are not given private keys to these coins, thereby denying them ownership, though it is still possible to garner a hefty profit on these assets granted they move up in price. PayPal Is Looking to Retain Control PayPal first announced its venture into the crypto space during October of last...

New York is concerned about bitcoin mining. So much, in fact, that a new Senate bill is looking to shut down all mining operations for approximately three years until the state can assess the damage done to the environment through mining. New York Has Taken a Stance Against BTC Mining While it is easy to point the finger at New York right now and accuse it being closed minded, the fact is that this is something that appears to be worrying the entire world, especially...

Bitcoin – the world’s biggest and most popular cryptocurrency by market cap – is shooting back up. At the time of writing, the asset is trading for just over $57,000. This is a huge improvement over the $54,000 it was at a few days ago and the $49,000 per unit it was stuck at early last week. Bitcoin May Grow Again Soon For the most part, it was believed that bitcoin would likely continue its bullish patterns into the month of May, though thus far, this period is proving...

Sometimes, the only way to keep a financial market alive is to think for yourself, and according to Changpeng Zhao – the CEO of Binance, the world’s largest and most popular cryptocurrency exchange – the herd mentality is really doing some heavy damage to the digital asset space. Changpeng Zhao Thinks People Need to Invest Long Term To be fair, he comments in a recent interview that this same attitude is seen in the stock market, though crypto appears to be more...

Hundreds of banks throughout the United States are about to offer bitcoin and cryptocurrencies to their customers thanks to their new partnerships with NYDIG. NYDIG Is Paving the Way for “Crypto Banks” NYDIG is stationed in New York and is a cryptocurrency custody firm. It is also a division of Stone Ridge, an institutional office that made headlines late last year after it invested more than $100 million into bitcoin. The firm has now partnered with Fidelity National...

Dogecoin has become so much more than just a joke or “meme coin,” which is what it began as. Nowadays, Dogecoin is being taken as seriously as one might take bitcoin or Ethereum. Dogecoin Is Reaching New Highs The asset has recently added as much as 130 percent to its overall price. It is presently trading for nearly 69 cents, and analysts say that one dollar per unit is not too far off. This all comes as Elon Musk – the South African entrepreneur behind billion-dollar...

Bitcoin cash price started a fresh surged above the $1,000 barrier against the US Dollar. The price is now trading well above the $1.200 support level and the 55 simple moving average (4-hours). There is a key rising channel forming with support near $1,360 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could correct lower, but dips are likely to remain well bid near the $1,200 level. Bitcoin cash price rallied over 30% and it broke the...

Auction house Sotheby’s – which offers bidding wars on some of the finest art, jewelry and wine available today – has announced that it will accept bitcoin and ether bids on an upcoming auction of “Love Is in the Air,” a piece by popular artist and bitcoin advocate Banksy. Sotheby’s Ready for Crypto Bidding This will be the first time that a largescale auction house is willing to accept crypto payments for art items up for bid, though the winner is also able to pay with...

Someone has a serious attitude against the Bank of England. Either that or they just hate banks in general and happen to live in England. Thus, they are taking their anger out on the nearest centralized financial institution. This week saw the Bank of England repeatedly hit with laser messages that bashed traditional monetary systems while praising bitcoin. The Bank of England Served as a BTC Billboard Some of the messages read, “Fiat is the bubble, and bitcoin is the...