Tag Archives: News

Iran has officially banned bitcoin mining. In a recent statement, the country’s president Hassan Rouhani says that the nation has been the victim of numerous blackouts over the past several months and officials are claiming the extraction of new digital coins could be the cause. Thus, the government is not willing to take any chances and is setting a ban in place before things can potentially get worse. Iran Ends All BTC Mining… For Now Bitcoin mining has been under...

Here is a story that is likely to get your positivity flowing. As we all know, bitcoin has been suffering heavily as of late. The world’s number one digital currency by market cap has fallen from its recent all-time high of approximately $64,000 – which it attained in mid-April – down to about $38,000 at press time. The price of bitcoin has fallen harder than it ever has in the past 12 years, but according to many analysts, the asset is still on its way to reaching a...

One of the big rumors surrounding both the stock market and the bitcoin space is that they are correlated. That they follow each other and wherever one goes, the other is likely to follow suit. A new study has emerged claiming that this is not a rumor, but rather the truth. Bitcoin and Stocks Are Closely Tied The study was performed by analysts with DBS, a Singapore-based bank. The individuals in charge of the study were Taimur Baig – an economist – and Chang Wei Liang,...

Bitcoin cash price declined heavily and it even tested the $470 level against the US Dollar. The price is now trading just above $700 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $750 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is consolidating and it might attempt an upside break above $800 and $850. Bitcoin cash price is recovering losses from $500 against the US...

If you are into chess and bitcoin, then this upcoming tournament is likely to keep you fully entertained. Do Chess and Bitcoin Go Together? Some of the world’s biggest and best chess players are gathering to play for a massive, six-figure bitcoin prize. The competition will feature as many as 16 grandmasters – including the top ten chess players in the world – to battle each other on the board and possibly get their hands on a massive crypto prize. The contest is known...

As the bitcoin space continues to grow, major banks and financial institutions around the world are completely confused about what to make of it and what their next steps should be. Banks Don’t Know What To Make of Bitcoin The idea up to this point is that banks are not entirely fearless of bitcoin. They know that it is a growing asset despite the problem that it has sunk in price greatly over the past few weeks. This has not deterred people from investing in BTC and...

With bitcoin continuing to slip into oblivion, it is no wonder why so many financial analysts and firms seem to believe that the world’s number one digital currency by market cap is going to get overtaken in the coming weeks and months, and according to a new report from monetary powerhouse Goldman Sachs, executives firmly believe that Ethereum may be on the verge of being king of the crypto space. Goldman Sachs Seems to Think ETH Will Come Out on Top Earlier in the...

EOS declined heavily below $10.00 and $8.00 support levels against the US Dollar. The price is currently trading near the $6.50 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $6.50 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair must break $6.50 and $7.00 to start a strong increase in the near term. EOS price is correcting losses from $4.00 against the US Dollar, similar to...

Litecoin price remains in a bearish zone below $220 and $200 against the US Dollar. LTC price is now trading below the $200 level and the 55 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $210 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to accelerate lower as long as it is below $200 and $220. Litecoin price is struggling to clear the $200 barrier against the US Dollar,...

Tom Lee – a Wall Street analyst of Fundstrat fame – has announced that bitcoin could potentially reach a price of approximately $100,000 by the end of the year. Tom Lee Predicts $100,000 for BTC By End of 2021 Lee has consistently been there to push bitcoin. He has been one of the world’s biggest bulls since day one, and he has always suggested largescale prices for bitcoin in the long run, but as usual, his discussions should always be taken with a grain of salt –...