Tag Archives: News

Square has made quite a name for itself in the bitcoin space these past few years. The company – along with its bearded CEO Jack Dorsey – has repeatedly served as an advocate for the world’s number one cryptocurrency by market cap, going so far as to purchase roughly $50 million in BTC last October and serving as one of the few institutional platforms to come out and offer its support publicly.Square Is Set to Make a Lot of BTC-Related DoughIt can be argued that Square contributed to the...

The Grayscale Bitcoin Trust now holds of a rather solid portion of the world’s total BTC units.Grayscale Is a Major Bitcoin ManagerChief executive officer Michael Sonnenshein commented in a recent interview that thanks to newfound respect for BTC amongst institutional traders, the Grayscale Bitcoin Trust presently manages a record three percent of the world’s total BTC thanks to an increase in activity from its professional clientele.In 2020, companies such as Square, MicroStrategy, Stone...

Bitcoin has hit another all-time high. The currency – which just yesterday was trading for around $35,000 per unit – has added another $4,000 to its price and is now trading for around $39,000. This, ultimately, is a slight pullback from where the currency was during the early morning hours after it hit a whopping $40,000 per unit for the first time in its short yet significant history.Bitcoin Has Surged Again!The surge came with a few repercussions such as Coinbase crashing for the umpteenth...

Bitcoin cash price started a strong increase above the $400 resistance against the US Dollar.The price surged towards the $500 resistance and settled well above the 55 simple moving average (4-hours).There is a key rising channel forming with support near $420 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could start a fresh increase as long as it is above the $420 and $400 levels in the near term.Bitcoin cash price started a strong increase above $400 against...

Singapore has announced plans to regulate all cryptocurrency activity from here on out.Singapore to Oversee All Crypto BusinessesThe Monetary Authority of Singapore (MAS) has issued new guidance on crypto usage and states that all companies that engage in crypto transactions or offer crypto trading and custody services will have to garner a license through the Payment Services Act. This new rule was passed in early January of this year. The idea is to put a halt on all crypto-related...

The Office of the Comptroller of the Currency (OCC) has published a new letter stating that banks are now permitted to utilize stable coins to perform what the letter refers to as “bank-permissible functions” including, but not limited to, payment activities.Stable Coins Are Headed for the TopIn other words, banks may now use and accept stable coins as means of payment, as can their customers. This is a huge step forward in what cryptocurrency was initially designed for; to be used as a...

Bitcoin has been on a massive surge over the past few weeks. At the time of writing, the asset has reached a new all-time high of more than $35,000, putting 2017’s price of just over $19,000 to complete shame. The fact is that the price of bitcoin is near double what it was three years ago, and the currency is now trading at a level that few analysts ever saw possible within this timeframe.Bitcoin Has Nearly Doubled Its Size in Three YearsBut there are many things that have been pushing...

EOS started a strong surge from well below the $2.800 zone against the US Dollar.The price is currently trading well above $3.200 and the 55 simple moving average (4-hours).There is a key bullish trend line forming with support at $2.950 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could correct a few points, but dips are likely to be limited below $3.200 and $3.000.EOS price started a fresh rally above $3.000 and $3.200 against the US Dollar, similar to...

Litecoin price started a fresh increase above $150 against the US Dollar.LTC price extended its rise towards the $175 level settled well above the 55 simple moving average (4-hours).There is a key rising channel forming with resistance near $175 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to continue higher once it clears the $175 resistance zone in the near term.Litecoin price is following a bullish path above $150 against the US Dollar, similar to...

A new form of cryptocurrency malware has been discovered. Known as Electro RAT, the malware remained uncovered for approximately one year before researchers came across it in a new study.Electro RAT Has Remained Hidden for Some TimeElectro RAT has been designed to operate on Windows, Mac and Linux systems, making it usable to a wide array of criminals. It has been in use since the first month of 2020, and according to a report published by cybersecurity firm Interzer, it has already made off...