Tag Archives: News

At the time of writing, the price of bitcoin has managed to pull itself out of the dark hole it was trapped in and climb further up the financial ladder. While the spike it’s recently incurred isn’t really anything to break champagne out over, it is a reminder that bitcoin can never be brought down permanently, and that the coin is far more resilient that we could have ever thought.Bitcoin Is Again On the RiseThe currency is now trading for just over $10,700, which is about $300 more than...

It’s happened again, folks. Another innocent, unsuspecting cryptocurrency exchange has fallen victim to hackers and lost millions in digital funds. This time, the target was Ku Coin in Singapore, one of Asia’s most popular crypto trading platforms, and the total taken exceeds $150 million.Ku Coin Was Hit HardThe exchange made the following announcement on its website:We detected some large withdrawals since September 26, 2020. According to the latest internal security audit report, part of...

Oh Dave Portnoy, what happened? You went from being a major bitcoin advocate and now you seem to hate it. What made you change your mind so drastically?Dave Portnoy Switches on BitcoinAs we all remember, it was a big deal in August of this year when the Winklevoss Twins of the Gemini Exchange in New York decided to explain bitcoin to Portnoy after he admitted to having no idea what it was or how it worked on his podcast. After a few hours with the Twins, it was estimated that gold would...

Cryptocurrency is growing in popularity amongst traders and investors, but according to a new report issued by the Bank of Canada, most people that own cryptocurrency don’t really understand it, and are simply getting involved as a means of taking part in a trend.Bank of Canada: Financially Illiterate People Are Likely to Get Involved in BTCThe report says that people who are financially illiterate are far more likely to hold cryptocurrency than those that have been investing or trading for a...

Twitter says it is ramping up security following the major hack that occurred several months ago.Twitter Says Its Fixing Up Its SecurityWhile not much money was stolen, it was scary to see the accounts of such high-profile people get overtaken by a small string of hackers. Some of the people involved in the scam were Jeff Bezos of Amazon fame, Elon Musk (CEO of both SpaceX and Tesla), former president Barack Obama and Microsoft mogul Bill Gates.To be fair, these figures themselves were not...

Over the past few days, Live Bitcoin News has discussed the fact that India may be entering its second crypto lockdown. This time, however, regulators are looking to do more than just ban regular banks and financial firms from doing business with crypto enterprises. They’re looking to ensure nobody – and we mean nobody – can ever trade, buy or sell digital currency units again.India Is Turning to DeFi for Its Crypto NeedsThey’re talking about an entire bitcoin ban. At the time of writing,...

So, where should bitcoin be at the present time, exactly? This appears to be a heavy argument that analysts are having. They are split right down the middle when it comes to deciding if bitcoin should be bullish or bearish.Bitcoin Is Bearish, but Perhaps It Should Be Higher?The currency has not had a good month in September. While most of August saw the asset climbing up towards the $12,000 mark – the currency ultimately hit $12,400 by the time the month ceased – bitcoin has spent the last...

Stakeholders in the company Buy U Coin have come together for a single purpose – to introduce solid legislation that would regulate the bitcoin industry of India.Will India Have a Change of Heart?As it turns out, India is once again considering a bitcoin ban. While the asset has never been officially banned in the past, the country has come close once or twice to initiating such a plan, and the nation was quick to ensure all its financial institutions were not permitted to do business with...

The bitcoin space is being infiltrated by institutional players everywhere, the biggest one as of late being MicroStrategy, which has invested in more than $400 million in BTC over the past month.MicroStrategy Is Pushing the BTC EnvelopeMicroStrategy claimed that it was purchasing the BTC as a means of protecting itself against a weakening US dollar. Many now view bitcoin as something that can keep their wealth safe during times of economic strife. What’s interesting, however, is that several...

Bitcoin cash price is currently recovering from the $200 support zone against the US Dollar.The price is facing a few important hurdles near $220 and the 55 simple moving average (4-hours).There is a connecting bearish trend line forming with resistance near $218 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could either rally above the $220 resistance or reverse back towards the $200 handle.Bitcoin cash price is holding the key $200 support zone against the US...