Tag Archives: News

Bitcoin price started a fresh decline from well above $51,000 against the US Dollar. The price is now trading below $50,000 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $50,500 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could decline heavily if there is a clear move below the $47,100 support zone. Bitcoin price is trading below $50,000 against the US Dollar. BTC might...

El Salvador in Central America has just purchased a total of 21 additional bitcoins. The country has made a habit of “buying dips” every time bitcoin’s price goes lower and this incident was no exception. El Salvador Adds to Its BTC Stash The country initially made headlines several months ago when it was announced it was working on a bitcoin-based financial agenda that would see the cryptocurrency – number one in the world – become legal tender. This meant it could be...

Michael Saylor – the CEO of MicroStrategy, the famed software company that has been one of bitcoin’s biggest institutional fans for more than a year – revealed that he has a huge personal bitcoin stash nearing $900 million. MicroStrategy and Michael Saylor Are the BTC Kings MicroStrategy first made headlines in August of 2020. The company purchased approximately $250 million in bitcoin, the world’s number one digital currency by market cap. This was at a time when BTC...

Federal prosecutors in the city of San Diego, California have filed a lawsuit to seize more than $150 million in funds that were illicitly seized from the Sony Life Insurance Co. in Japan. The money was transferred through the La Jolla Bank and converted into crypto, where it was later stored in a Coinbase account. Sony Has Been the Victim of a Major Theft The seizure order was issued after the Federal Bureau of Investigation (FBI) took back nearly 4,000 units of bitcoin...

Ethereum price started a fresh decline from the $4,150 resistance against the US Dollar. ETH price is now trading just below $4,000 and the 55 simple moving average (4-hours). There is a crucial bullish trend line forming with support near $3,925 on the 4-hours chart (data feed from Coinbase). The pair could start a major decline if there is a clear break below $3,900. Ethereum price is correcting from $4,150 against the US Dollar. ETH/USD remains at a risk of a sharp...

Meten Holding Group Ltd. – an English-language training program used regularly in China – has joined a panel of experts to establish a whole new bitcoin mining and research firm. Meten Holding Is Building Its Own Mining Firm The new company will study, build, and sell mining equipment. Among the industry experts that are helping Meten create its new line of business are Mr. Zhijun Liu, VP of Hummingbird Mining Machine, a crypto mining enterprise; Yunning Li, the former...

Brenda Gentry recently resigned from her job as a mortgage underwriter at USAA, something she did for roughly ten years. She has become rather privy to the crypto scene and wanted to give it a try. Now, crypto has become her career, and she’s making about $80,000 per month. Brenda Gentry Has Transitioned to Crypto Full Time As the head of a crypto consulting firm, Gentry launched the business in San Antonio – where she has lived most of her life – after leaving her job....

With 2022 right around the corner, it looks like many analysts are split right down the middle when discussing what could happen with bitcoin and the cryptocurrency space in the coming year. Will the world’s number one digital currency rise to new heights? Or will it come crashing down dramatically? How Will Bitcoin Do Next Year? One figure to warn of a possible crash is Carol Alexander, professor of finance at Sussex University. She believes bitcoin has no fundamental...

Stellar lumen price is attempting a fresh increase from the $0.2500 zone against the US Dollar. XLM price is now trading above $0.2800 and the 55 simple moving average (4-hours). There is a key rising channel forming with support near $0.2930 on the 4-hours chart (data feed via Kraken). The pair could start a steady upward move if there is a clear break above $0.3000. Stellar lumen price is trading in a positive zone above $0.2800 against the US Dollar, similar to...

Ripple price started a fresh increase above the $0.800 zone against the US dollar. The price is now trading above $0.90 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $0.9320 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move up if there is a clear break above the $0.950 resistance. Ripple price is gaining pace above $0.900 against the US Dollar, like...