Tag Archives: News

The second stimulus check that allegedly got bitcoin moving in a northward direction hasn’t arrived yet. For many, the idea of a second stimulus check likely meant more bitcoin in their pockets, but according to bitcoin analyst of Quantum Economics Jason Deane, using stimulus money to buy more crypto could wind up being a rather disastrous decision.Deane: Stimulus Money Shouldn’t Be Used to Purchase CryptoNews of a second stimulus check has been meandering throughout the headline space over...

Without reiterating too much, this past week has been rather rough for bitcoin. The currency has lost about $2,000 and fallen from $12,000 all the way down to the low $10,000 position. To say that things are bearish for the coin would be something of an understatement.Labor Day Is Here, and That Could be Good for BitcoinAnd yet according to some analysts, this week is going to prove pivotal for the world’s number one cryptocurrency by market cap. This is Labor Day week, which just last month,...

One of the big problems that everyone seems to have with bitcoin and crypto is that they are not as regulated as other financial markets. For the most part, they are designed to be decentralized and give more monetary power to users, but without any regulation at all, things are bound to get out of hand.Bitcoin Regulation May Take On a Different FormNow, some are promoting the idea of bitcoin being regulated the way India regulates its stock market. The idea comes from Deepak Kapoor, a...

The state of California has long played with the idea of leaving the union and becoming its own region. In other words, it would look to stand alone and sever any ties to the United States.California Looks to Become an “Island”Known as “Calexit” (similar with “Brexit” in the United Kingdom), the state of California would not be governed by U.S. federal regulators and look to potentially govern itself. One of the biggest steps in the movement to break California’s attachment to the American...

ADA price extended its decline below the $0.1000 support zone against the US Dollar.The price is currently consolidating above the key $0.0850 support, but it is below the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $0.0950 on the 4-hours chart (data feed via Kraken).The price is likely to accelerate higher if it clears the $0.0950 and $0.1000 levels in the near term.Cardano price is currently consolidating above $0.0850 against the US...

Ethereum price declined sharply below $400 and found support near $310 against the US Dollar.ETH price is likely forming a support base above $310 and it might start a decent recovery.There is a key bearish trend line forming with resistance near $355 on the 4-hours chart (data feed from Coinbase).The pair could recover towards the 55 simple moving average (4-hours) if it clears the $360 resistance.Ethereum price is showing a few positive signs above $340 against the US Dollar. It seems like...

Andrew Bailey – governor of Britain’s Central Bank (BCF) – is clearly not a bitcoin fan.Andrew Bailey: BTC Has No Connection to MoneyIn a recent webinar hosted by the financial institution, Bailey took the time to explain bitcoin, stable currencies and central bank digital currencies (CBDCs). While he was relatively positive about the latter two entities, bitcoin appeared to rub him the wrong way, and he wasn’t very complimentary of the world’s number one digital currency by market cap.In the...

Former hedge fund manager turned bitcoin and crypto investor Mike Novogratz appears to have predicted the recent bitcoin crash that’s affected the space. He said not too long ago in an interview that there was a “speculative frenzy” surrounding bitcoin that he thought was getting too out of hand.Mike Novogratz Warned Us About BTCOne of the big problems with bitcoin is that whenever it shows signs of spiking, people – largely new investors – want to get in on the action. This would be fine,...

Bitcoin has risen by roughly $300 today in a surprise twist. While this is nothing to get excited about just yet, it does mean that bitcoin is once again in the five-figure range. As of this morning, it’s been trading for just over $10,200.Bitcoin Has Risen Slightly Over the Past 24 HoursThis potentially puts all the worries that analysts had about bitcoin falling below the $10K line to rest granted the world’s largest cryptocurrency by market cap can potentially remain above this level. If...

Stellar lumen price started a major decline from the $0.1020 resistance against the US Dollar.XLM price is now trading well below the $0.0825 support and the 55 simple moving average (4-hours).There is a key declining channel forming with resistance near $0.0785 on the 4-hours chart (data feed via Kraken).The pair could start a decent recovery if it clears the $0.0800 and $0.0825 resistance levels.Stellar lumen price is trading in a bearish zone below $0.0800 against the US Dollar, similar to...