Tag Archives: News

Following the brief jump bitcoin made into $10,000 territory during yesterday’s early morning hours, the entire crypto market swelled like enthusiasts wouldn’t believe, with the overall market cap surging by more than $13 billion in a single day.Bitcoin Is Jumping Towards Much Greener TerritoryThe price was first noticed on exchanges in Singapore and other parts of Asia. Over the next few hours, digital trading platforms in New York, for example, would list bitcoin at about $9,890, and the...

Bitcoin is currently trading in the $9,900 range, though it did hit $10,000 briefly during yesterday’s early morning hours, suggesting that for a brief period, the world’s number one cryptocurrency by market cap managed to regain all its losses of the past three months.Bitcoin Is On the Verge of Striking It BigBitcoin has been on a serious roller coaster ride since late February. At that time, the currency was trading for well above $10K, though by the time early March rolled in, the asset...

A teenager in New York is being sued for more than $70 million in a federal court due to his alleged role as the potential ringleader of a cryptocurrency fraud scheme that may have stolen millions in crypto funds from investors around the country. The teen’s name is Ellis Pinsky, and the plaintiff is none other than Michael Terpin, who crypto enthusiasts should all know by now.Terpin Is At It AgainTerpin has been heavily involved in a potential SIM-swapping case since 2018 that saw him lose...

Bitcoin is doing extremely well at press time, but many analysts are warning traders not to get too comfy just yet.We Need to Keep an Eye On BitcoinAs we all know perfectly well by now, bitcoin has proven to be one of the world’s most volatile assets. It can spike to unprecedented levels just as quickly and easily as it can drop. We’re witnessing this behavior all over again as of late. The currency – after falling into the high $3,000 range just under two months ago – is now trading at...

Bitcoin has been on a serious roll this month. It just struck the $9,000 mark for the third time over the past few weeks, and it’s now trading beyond $9,500.Bitcoin is the Finance World’s Head HonchoAccording to a new report, bitcoin has outperformed most other assets, including gold and stocks. This is extra special news considering gold is often considered a “safe haven” asset. In times of economic strife, gold is known to remain as it is when it comes to price, and should it ever fall,...

The upcoming bitcoin halving is like a New Year’s Eve celebration for most crypto enthusiasts… Literally.The Bitcoin Halving Is a Big EventApparently, there will be a countdown that starts on May 11 – the day before the event is set to occur – and then things end just after midnight, as by then, the halving will have taken place and block rewards will have been reduced from the present 12.5 BTC to 6.25.Whether people engaged in the countdown wear party hats and drink champagne is up for...

Bitcoin cash price started a downside correction after testing the $275 resistance against the US Dollar.The price declined below the $260 support, but it stayed above the $235-$240 support zone.There is a major bullish trend line forming with support near $244 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 $235 support.Bitcoin cash price is trading in a positive zone above the $240 level against the...

Virus software mogul John McAfee thinks he’s figured out who Satoshi Nakamoto is, but he’s not telling a soul.McAfee: I Know Who Built BTCSatoshi Nakamoto is the pseudonym given to the person who allegedly designed bitcoin and wrote its whitepaper back in 2008. The currency came about during the time of the Great Recession and was designed to alleviate some of the heavy economic strife the world was seeing at the time. Bitcoin would potentially put financial power back in the hands of the...

Analysts are going crazy thinking about what May 12’s bitcoin halving will bring to the table. Another bunch of analysts have rung in with crazy predictions, and some believe the currency will extend beyond the all-time high it reached in late 2017.The Halving Will Take BTC to New LevelsThree years ago, bitcoin was on a rally unlike anything traders had ever seen. Each month brought on new gains of hundreds to thousands of dollars, and by the end of the year, the currency was trading for...

A company has released a new token that allows people to earn gains whenever bitcoin falls. The company is a Swiss blockchain enterprise known as Amun, and it seeks to provide customers a chance to earn money whenever bitcoin undergoes “inverse price movements.”Amun Has Released an Interesting Token ProductThe token is based on an exchange-traded product (ETP) that was released by Amun back in January. In an announcement, the company explains:Typically, these purchases are short-term in...