Tag Archives: News

We have constantly been hearing arguments in the past that bitcoin is “digital gold.” Both bitcoin and the precious metal the entire world has grown to love are consistently being compared, though according to one expert – Pavan Sukhdev – there is still too much speculation involved. Pavan Sukhdev – Bitcoin Is Not a Currency Sukhdev is the president of environmental advocacy group WWF International. In a recent interview, he commented that both bitcoin and gold remain...

Over the past week, talk surrounding bitcoin has been invigorated considering the world’s number one digital currency by market cap has shot up to just under $40,000 for the first time in well over a month. As good as the news is, it is easy to allow bitcoin to overshadow Ethereum and many other heavy hitters within the crypto space, but one panel of experts refuses to turn away from competing altcoins. Ethereum Is Climbing Up the Financial Ladder Ethereum is the second...

Digital currency provider Fire Blocks – a startup based in New York – has managed to raise more than $300 million in new funds, thereby bringing its overall valuation beyond the $2 billion mark in just under half a year. Fire Blocks Gets Its Hands On a Lot of Money Fire Blocks came about three years ago in 2018. Just last February, the company managed to secure approximately $133 million for itself through a Series C funding round. During that period, the company’s...

Botswana – a country in Africa – is becoming a regular bitcoin hotspot. Over the past several months, residents of the nation have regularly turned to the world’s number one digital asset for their daily financial needs, and many businesses are making it easier for them to do so by saying “yes” to crypto payments, though there are still several barriers to overcome. Botswana Is Becoming a Regular BTC Hub Botswana is located within the southern central region of the...

In a public filing last Tuesday, electric car company Tesla and its CEO – South African entrepreneur Elon Musk – revealed that they have lost more than $1 billion in bitcoin. Musk and Tesla’s BTC Stash Has Gone Down the Tubes The company’s balance sheet grew by approximately $1.5 billion in BTC last February, and within two months, bitcoin had reached a new all-time high, jumping from the low $50,000 range to about $64,000 per unit. However, things took an ugly turn from...

Bitcoin cash price started a decent increase above the $500 resistance against the US Dollar. The price is now trading above the $500 zone and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $505 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is likely to accelerate higher above the $550 and $555 resistance levels. Bitcoin cash price is gaining pace above the $500 zone against the US...

Just yesterday, Live Bitcoin News reported that Amazon – arguably the biggest retailer in the world – was going to begin accepting cryptocurrencies by the end of the year as forms of payment. However, now it looks like this idea was a simple rumor, and Amazon has come out to suggest that it has no plans whatsoever in accepting bitcoin or other forms of digital assets as payments for goods or services. Amazon Says “No” to BTC Payments… For Now At this stage, bitcoin...

The International Monetary Fund (IMF) is advising all countries to avoid making bitcoin or any other form of crypto their national currencies. The IMF Advises Making BTC Anything Other Than a Speculative Asset In a blog post, the IMF advises against making any sort of digital asset the currency of a national people. While the post does not mention any specific region, many countries – such as China – have turned towards making digital versions of their national...

Just yesterday, Live Bitcoin News published a piece discussing how few Americans are investing in cryptocurrency. While many residents of the region have no doubt heard of bitcoin and its digital counterparts, it appears many of them have not actually taken the leap into buying them. However, in Singapore, it seems that these results are the exact opposite, as the country has full-on embraced BTC and its virtual brothers and sisters. Singapore Really Loves Its Crypto...

EOS started a fresh increase above the $3.50 resistance against the US Dollar. The price is now trading above the $3.50 support and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $3.75 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to continue higher if it breaks the $4.00 and $4.02 resistance levels in the near term. EOS price is showing positive signs above $3.50 against the...