Tag Archives: News

Elon Musk – the South African entrepreneur behind such ventures as SpaceX and electric car company Tesla – is taking a lot of guff for the $1.5 billion bitcoin purchase he engaged in last February. However, he does have a loyal fan in hedge fund manager Anthony Scaramucci, who has come to his defense. Elon Musk Is Taking Some Flack Musk has done quite a bit for the world of cryptocurrency. Buying bitcoin in the way that he did allowed the world’s number one digital...

Bitcoin cash price failed to stay above $510 and $500 against the US Dollar. The price is now trading well below the $500 level and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $505 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could correct higher, but upsides are likely to be capped near $500 and $510. Bitcoin cash price is consolidating losses above $445 against the US Dollar,...

Tesla and bitcoin are far more connected than we realize, according to some analysts and financial institutions. Deutsche Bank, for example, has recently issued a statement saying that the next two to three years are likely to be real turning points for the world’s number one digital currency by market cap strictly because of the action Tesla has taken and will take in the future. Tesla and BTC Are Attached at the Hip The real relationship between bitcoin and Tesla began...

Kevin O’Leary – aka Mr. Wonderful on “Shark Tank” just keeps changing his mind on bitcoin. Not that there’s anything wrong with that, but he suggests he’s able to change his mind considering how accepting society has become of the world’s number one digital currency by market cap. O’Leary Felt He Couldn’t Talk About Bitcoin in the Past In a recent interview, O’Leary commented that at one point in time, it was rather difficult to like bitcoin or admit one liked it...

Recently, Canada made headlines with its work in the world of bitcoin and crypto-based exchange-traded funds (ETFs). The first bitcoin ETF released in the country – and in the world, for that matter – was known as the Purpose Bitcoin ETF, and just a few weeks after its initial launch, it looks like the product has traded more than $1 billion in assets. Bitcoin ETFs Are All the Rage Right Now Clearly, the ETF world is one that crypto traders have long sought to enter....

EOS started a fresh decline after it failed to clear the $4.300 resistance against the US Dollar. The price is currently trading well below the $4.000 support and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $4.050 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could correct higher, but it is likely to face sellers near $3.750 and $3.800. EOS price is showing bearish signs below...

Litecoin price is showing bearish signs and it declined from the $200 resistance against the US Dollar. LTC price is now trading well below the $200 level and the 55 simple moving average (4-hours). There was a break below a declining channel with support near $180 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to continue lower below $170 and $165 in the near term. Litecoin price is showing bearish signs below $200 and $195...

There is a long-lasting argument in the world of crypto that bitcoin is somehow negative for our environment. That it utilizes too much electricity, and as a result, our atmosphere is likely to take a real kick in the rear at some point in the future. Now, that argument is being pushed further, as data from Bank of America suggests the mining sector utilizes more energy than American Airlines, a company that flies more than 200 million people across the country each...

Bitcoin is doing rather well as of late, but we cannot deny that the world’s number one digital currency by market cap has suffered a few setbacks in the past few days, such as falling from its recent high of $61,000 per unit down to the “measly” $58,000 it’s at during the time of writing. Don’t get us wrong – $58,000 isn’t necessarily bad, but it’s not where bitcoin was, and we’re eager for all-time high territory again. Well, according to Lennard Neo – head of research...

Bitcoin is up more than 600 percent over the last year, making it the most talked about coin – and likely the most talked about asset – amongst traders. Everyone acknowledges it as the number one digital currency by market cap, and it has recently crossed the $1 trillion threshold. At this stage, anyone who hasn’t heard of bitcoin is likely living under a rock, but many analysts still believe that Ethereum could potentially overtake the asset as the number one coin in...