Tag Archives: News

The U.S. government has hired a new comptroller of the currency, and his name is Brian Brooks. What makes Brooks so interesting? He’s a bitcoin and blockchain bull and a former attorney for Coinbase. How ironic that he would work in an administration headed by Donald Trump, who in the past, has expressed negative opinions of bitcoin and other cryptocurrencies.Brian Brooks: Blockchain Gives Us Great PowerIn a recent interview, Brooks explained that he sees blockchain as a major turning point...

It looks like bitcoin and cryptocurrency has got the U.S. government and the pentagon a little on edge.Bitcoin Is Scaring Top Government PlayersThe U.S. Department of Defense has revealed that it is planning for what could potentially be a bitcoin revolution. The government body has listed several potential scenarios in its roster that could see an uprising of Generation Z and members potentially using bitcoin and other forms of crypto to somehow go against the present government system.It’s...

It looks like bitcoin may have been hovering at around $10K all over again, though at the time of writing, it has failed to cross that mark. In fact, the currency has fallen by about $300 or so.Bitcoin Rises and Falls… AgainJust yesterday, the currency spent the early morning hours meandering about the high $9,900 position. This was its highest position in a little over a week, but as we’ve seen before, $10K is proving to be yet another hardcore resistance point on the bitcoin ladder. On...

Bitcoin cash price declined sharply after it failed to clear the $260 resistance against the US Dollar.The price is down more than 5% and it broke the key $245 support zone.There was a break below a crucial bullish trend line with support near $252 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is currently correcting higher, but upsides are likely to remain capped near $245.Bitcoin cash price is back in a bearish zone below the $245 support against the US Dollar....

Despite a particularly shaky month, new research suggests that bitcoin miners pulled in a hefty amount of revenue in May – the month of the highly-anticipated third halving.The Halving Didn’t Affect Bitcoin Earnings MuchMay really had everyone up in arms over the halving. The event had people excited just as much as it had them worried. Crypto analysts went back and forth about what would happen following the halving. Crypto would go up very quickly; it would come down with a thundering...

One of the big worries surrounding the growth of the crypto space is that there is allegedly a lack of institutional investors, but according to the latest data from Fidelity Investments, this may not necessarily be the case.Fidelity: Most Institutional Investors Own Digital CurrencyAccording to the financial firm, roughly 36 percent of institutional players own crypto investments, and most of them own bitcoin, which remains the most popular digital currency. It is widely stated by...

Elon Musk is at the center of another crypto scam, only this time, instead of the scam occurring via Twitter, the hackers have seemingly taken over Musk’s YouTube account.Musk: Report This as Soon as You See ItMalicious actors appear to have posed as SpaceX on the video-streaming affiliate of Google. Those involved took over two separate accounts and provided footage of Musk speaking at the recent launch that occurred in Florida. The accounts offered a fake bitcoin giveaway, in which viewers...

Chinese national college exams have reportedly included questions about cryptocurrencies in one of the test papers. About ten thousand applicants have to answer a question concerning Bitcoin mining in July this year.“Why Bitcoin Miners Would Cluster In The Province Of Sichuan?”As announced, the question looks for an analysis of the economic geography in Sichuan province and how it reflects on the Bitcoin mining industry in the region. This year’s national college tests’ edition, known as...

EOS price is trading above a couple of key supports near $2.700 against the US Dollar.The price is likely to start a strong increase if it clears the 55 simple moving average (4-hours) and $2.800.There is a major contracting triangle forming with resistance near $2.775 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could decline heavily if it breaks the main $2.650 support zone in the near term.EOS price is showing positive signs above $2.650 against the US...

Litecoin price is trading nicely above a major support at $45.50 against the US Dollar.LTC price is likely to start a strong upward move if it clears the $46.80 and $47.00 resistance levels.There is a key contracting triangle forming with resistance near $47.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could only start a bearish wave if it settles below the $45.00 support zone.Litecoin price is showing signs of a bullish break above $47.00 against the US...