Tag Archives: News

According to a new report issued by financial giant JPMorgan, the volatility often acquainted with bitcoin has been declining over the past few weeks. This, in turn, could lead to further institutions looking to get their fingers on the world’s number one digital currency by market cap. JPMorgan: We’re Seeing Less Price Swings with BTC Over the past eight months, the world has been privy to increased institutional activity in the crypto space. Many largescale companies – such...

As interest in bitcoin has grown over the past few months, so has interest in China’s digital yuan. The Digital Yuan Is Making Headway Bitcoin has been booming over the past six months, with the world’s number one digital currency shooting up from $10,000 in early October to about $59,000 at press time. That is an increase of almost five times the original price. However, the interest in BTC is also stirring interest in other forms of crypto such as the digital yuan....

Financial giant Goldman Sachs says it’s looking into potentially allowing its richest customers to invest in cryptocurrencies and crypto-related products within the next few months. The news comes after the firm says crypto demand from clients has reached an all-time high. Goldman Sachs Opens Its Doors to Crypto Mary Rich – global head of digital assets – says the bank is looking to permit crypto investing beginning in the second quarter of 2021. In an interview with...

Early this week, PayPal began allowing cryptocurrency payments through its platform. The company has been on track to become a major haven for crypto-related activity since October of last year, and the platform’s goals just got much more serious. PayPal Says “Yes” To Digital Currency Payments While the service isn’t available to everyone just yet, many of PayPal’s users – when they purchase items – will be given several payment options when it’s time to check out, some...

Bitcoin mining continues to earn hate from environmentalists around the world, as the most recent calculations suggest the process requires more energy than the entire country of Sweden. Bitcoin Mining Gets More Expensive as the Price Expands A new report suggests that the higher the price goes, the more energy is needed to extract and mine new coins. Right now, bitcoin is traversing high $50,000 territory; it recently hit a new all-time high of approximately $61,000....

Bitcoin cash price started a fresh increase from the $500 support zone against the US Dollar. The price is now trading well above the $520 level and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $500 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is showing a lot of positive signs and it is likely to accelerate higher towards $600. Bitcoin cash price is gaining pace above $525...

Blockchain analysis firm Chainalysis has closed a new funding round that garnered the company an additional $100 million from various investors. The enterprise is now valued at a whopping $2 billion, which is double what the company was valued at just a few months ago. Chainalysis Closes Its $100 Million Funding Round The funding round was headed by Paradigm, a crypto-centered venture capital firm. Money also came from the likes of Salesforce CEO Mark Benioff, who saw...

Everyone has been making a huge deal out of bitcoin these past several months. The world’s number one digital currency by market cap has surged in price, reaching a new all-time high just a few weeks ago of $61,000 per unit. However, according to Daniel Gouldman – CEO and co-founder of blockchain firm Ternio – people have the wrong idea, and by focusing too much on bitcoin, they are focusing on just one aspect of what is arguably a much larger arena. Gouldman: Blockchain...

With so many companies getting involved in the bitcoin-based exchange-traded fund (ETF) game as of late, it makes sense that a large financial firm such as Fidelity Investments would throw its wrench into the pot. Fidelity Is Looking to Establish a Bitcoin ETF Fidelity was one of the first financial brokers to offer digital currency trading and storage services to its clients in 2018. Now, it’s cementing its status even further as the ultimate crypto haven by preparing...

EOS started a fresh increase from the $4.000 support zone against the US Dollar. The price is currently trading well above the $4.500 support and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $4.420 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could correct lower, but it is likely to resume its upward above the $5.000 resistance zone. EOS price is showing bullish signs above $4.500...