Tag Archives: News

Jack Dorsey – the CEO of both Twitter and Square – has announced in the past that he’s a fan of bitcoin. It’s no secret that he respects cryptocurrency above all other financial entities, but to be fair, his explanations have always been rather brief and don’t contain much information.Jack Dorsey On Why He Has Such Belief in BTCToday, Dorsey – after referring to bitcoin as the best internet currency – revealed why he’s got such faith in the world’s number one cryptocurrency by market cap. In...

Many more congressional and political candidates have turned to accepting bitcoin as a means of support for their campaigns. While they’re always open to cash donations, bitcoin has become something of a norm for many people running for office. The reason: because bitcoin is not controlled by banks. It is not recognized as legitimate money by many financial institutions, and thus provides anonymity and other benefits to both the sender and the receiver.Running for Office? Considering Bitcoin...

Despite it’s recent (and brief) spike beyond the $11,000 range, bitcoin isn’t quite where we’d like it to be. The currency, while slightly bullish at the time of writing, isn’t exhibiting nearly the same price behavior it was weeks ago when it first rose above the $12,000 mark.If You’re Looking to Buy Bitcoin, Now May Be the TimeBut some analysts say that’s a good thing, and that for the first time in roughly six months, bitcoin’s technical charts are flashing buy signals. The currency has...

Bitcoin broke $11,000 earlier this morning. Unfortunately for all of us, it didn’t last. The currency rose beyond the $11K level only to fall back to $10,800 – a $200 fall within just a few hours. This is exactly what happened when bitcoin first struck $12,000 in August. The behavior suggests that perhaps $11,000 is the new resistance station that bitcoin will have to overcome.Bitcoin Shoots Beyond the $11K LevelHaving said that, many analysts are pleased that the currency did manage to shoot...

Bitcoin cash price is slowly moving higher and it is trading above $225 against the US Dollar.The price is currently consolidating below the $240 resistance and above the 55 simple moving average (4-hours).There is a crucial contracting triangle forming with resistance near $236 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could either rally above the $240 resistance or dive back towards the $200 handle.Bitcoin cash price is showing positive signs above the $225...

Are things about to go under for Elon Musk, the famed founder of SpaceX and Tesla? Analyst Julian Bridgen has been comparing Tesla’s stock price to the bitcoin bubble of 2017, which ultimately popped in very ungraceful fashion. He’s claiming that Tesla can expect to see similar results very soon.Tesla Isn’t Looking Very Stable as of LateElon Musk is a very intriguing figure in many ways. Despite having little to do with bitcoin, he’s come to be known as one of the biggest promoters of the...

Gene Simmons, the bassist from the popular rock band Kiss (known for its over-the-top vocals, makeup and costumes), appears to be getting ready to move deeper into bitcoin territory and work hard to make it more accessible.Gene Simmons Hints He’s Working with BitcoinThere is a long list of celebrities that have gotten involves in the crypto world. The latest case involves rapper T.I., who settled charges handed out by the SEC (Securities and Exchange Commission) for allegedly promoting a...

Bitcoin has once again spiked further and headed deeper into bullish territory. The world’s number one crypto by market cap has surged to just over $10,900 and is now on the verge of hitting $11,000.Bitcoin Could Rise Into the $11K RangeAt this stage, it would probably be correct to assume that bitcoin will hit this figure in a relatively short period. It is less than $100 away and has been on the rise for the past 72 hours or so. Given the circumstances that bitcoin is facing, it’s also...

EOS gained pace from the $2.575 support and climbed higher against the US Dollar.The price is trading above the $2.70 resistance and testing the 55 simple moving average (4-hours).There was a break above a key bearish trend line with resistance near $2.700 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could continue to rise if there is a clear break above the $2.800 resistance zone.EOS price is showing a few positive signs against the US Dollar, similar to...

The Commodity Futures Trading Commission (CFTC) has filed charges against four individuals – three in Texas and one in Florida. All four of the figures have been accused of defrauding investors through a bitcoin scam that has resulted in more than $1 million in lost funds.The CFTC Isn’t Playing AroundThe CFTC has named the bad actors as Joel Castaneda Garcia, Mayco Alexis Maldonado Garcia, Cesar Castaneda and Rodrigo Jose Castro Molina. The four represented a company known as Global Trading...