Tag Archives: News

The US Securities and Exchange Commission (SEC) has now entered a period of active study. It is busily looking at cryptocurrency-based exchange-traded funds or ETFs, and thus it may be that traders could find themselves reaping the benefits of such opportunities very soon.The SEC Is Looking to Shed Its “Rigid” ImageThe news of the study session was announced at a conference by Jay Clayton, the chairman of the SEC. This is something that should really be tugging at the heartstrings of most...

Will stable currencies ultimately take over bitcoin? According to a new report, the controversial stable coin known as Tether is slated to become the second-largest cryptocurrency by market cap as early as next year, and will only be smaller than bitcoin, but how long will that last?Is Tether About to Get Much Bigger?The world of stable coins has doubled in the past few months, and it looks like average traders and retailers alike are getting into the stable coin craze. Even Atari, a video...

Facebook-backed Libra has issued another “major” announcement. It is bringing former HSBC executive Ian Jenkins on board to serve as the new chief financial officer of a division in the company designed to manage the Libra payment system.Libra Brings Ian Jenkins AboardJenkins initially served as a former business finance head and general group manager for HSBC. He also has experience working with other major financial institutions such as Santander and Credit Suisse.The big question following...

Peer-to-peer (P2P) bitcoin trading platform Paxful has announced it is joining hands with popular South Korean cryptocurrency exchange Bithumb Global, arguably one of the largest and most influential exchanges throughout the country.Bithumb and Paxful Are Now Working TogetherThanks to this new partnership, Paxful will have access to more customers in Asia. Bithumb currently boasts roughly one million mobile app users and eight million registered exchange users. In addition, the company...

New research is suggesting that if a second round of stimulus checks are approved, the bitcoin price is likely to react positively.More Stimulus = Higher BitcoinWhen the coronavirus pandemic first struck global markets in March of this year, bitcoin sunk down to the high $3,000 range. The asset struggled to make a name for itself the way cash and stocks did, with the former struggling due to inflation. However, many people, over time, began to see bitcoin in an entirely new light, feeling...

Goldman Sachs hasn’t always been kind to bitcoin, but according to a former Goldman Sachs hedge fund manager – Raoul Pal – the price of bitcoin is likely to skyrocket relatively soon, and he predicts a $1 million price for bitcoin in about five years.Raoul Pal – Bitcoin Will Explode in Five YearsAt first glance, most analysts are probably hoping this isn’t a joke, and that Pal can be taken seriously. After all, it’s not like this is the first million-dollar prediction that’s headed bitcoin’s...

Could bitcoin ever become a fully accepted asset across the globe? According to some analysts, that’s exactly what’s about to happen.Bitcoin Is Going to Grow Like CrazyIt’s always been the dream of Satoshi Nakamoto – the alleged creator of bitcoin and its respective technology – and fans of the cryptocurrency that bitcoin would be as widely accepted as cash, gold and stock shares. However, this hasn’t always been the case.For one thing, the asset has received mixed signals from regulators,...

It looks like the bitcoin price is at its highest point since early September, and the bearish markings left over by that month are finally starting to dissipate.Bitcoin Has Beaten Its Present ResistanceThe currency saw its price fall into the low $10,000 range roughly 45 days ago, but now things are beginning to pick up speed. Naturally, many analysts and industry experts are beginning to go back and forth regarding what could potentially be bringing life back to bitcoin. Joe DiPasquale –...

Bitcoin cash price is trading nicely above the $235 and $245 resistance levels against the US Dollar.The price traded to a new monthly high at $266 and it is well above the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $246 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to resume its upward move as long as it is above the $245 support zone.Bitcoin cash price started a strong increase and it even broke...

According to popular cryptocurrency exchange Kraken, the price of bitcoin could find itself 11 percent higher by the end of October.Kraken: This Will Be a Good Month for BTCThe San Francisco-based trading platform has recently released its September report, which suggests that this month’s price could jump by an additional ten percent. This marks a complete reversal from where bitcoin stood just last month. September is typically the worst-performing month for bitcoin each year. By contrast,...