Tag Archives: United States

With gold setting a new all-time high (ATH) and Bitcoin (BTC) surging past $11,000 for the first time in over 11 months, market observers say investors are focusing on haven assets while governments prepare for another round of economic stimulus activities. Market Uncertainty Acting as Tail Winds for Bitcoin and Gold As of the time of writing, Bitcoin — the largest crypto by market capitalization — has set a new 2020 price high, and gold broke its all-time high. Much of the recent price...

Bitcoin used to show a higher correlation to the stock markets, especially amid the lowest point of the pandemic. However, it has taken a different route during the last few days.Bitcoin-S&P 500 Correlation Departs from ATHTypically, Bitcoin is regarded as an independent asset that often acts as a safe haven. Its fundamentals are different from those driving the stock market. Nevertheless, the oldest cryptocurrency was caught following the American flagship index known as the S&P 500...

Rich Dad, Poor Dad author Robert Kiyosaki doubled-down on his vision that Bitcoin has the same role among young people as gold has among the elderly. He also noted that BTC and precious metals “make people smarter, richer, and stronger against Fed.”Bitcoin Will Make You Smarter And Richer: KiyosakiThe author of the New York Best Seller book Rich Dad, Poor Dad, took to Twitter his opinion about Bitcoin, gold, and silver.BITCOIN educates young. Most gold guys old. Bitcoin informing new...

A US federal court ruled that Bitcoin is a form of “money” covered under the District of Columbia’s (D.C.) Money Transmitter Act. The conclusion is part of a criminal action involving the U.S. versus Larry Dean Harmon, who operated a Bitcoin mixing platform.U.S. Court Regards Bitcoin as Money in Charges Against Helix OperatorIn the U.S., financial regulators have used to debate over the status of Bitcoin as a commodity or security. A federal court set a precedent when it called Bitcoin...

This week, unlike many of the previous ones, was full of excitement on the entire cryptocurrency market. For once, Bitcoin woke up from its sleep and staged an impressive performance, gaining about 5% of its Dollar value.While this may not sound like a lot for a whole week of trading, it’s important to remember that in the days before that, BTC was pretty much stuck in a $200 range. The tightening of the Bollinger Bands, however, played out, and the price took a turn for the best.Bitcoin is...

Anthony Ghosn, the son of former Nissan boss Carlos Ghosn, revealed to prosecutors that he paid about $500,000 in cryptocurrency to one of the two men who helped Carlos break free from Japan.Carlos Ghosn’s Son Transferred Half a Million in Cryptocurrency Through CoinbaseAccording to Reuters, US prosecutors said in a court filing that Carlos Ghosn’s son paid about half a million dollars to one of the Massachusetts men responsible for the escape of the former Nissan chairman.At the end of last...

National banks and federal saving associations can now offer crypto custody services to customers following approval from regulators in the country.OCC Okays Crypto Custody Operations for US Federal BanksAccording to a letter issued by the Office of the Comptroller of the Currency (OCC) on Wednesday, U.S. Federal banks can now offer crypto custody services. The decision follows last month’s request by the OCC for public input on the matter.As part of the letter, the OCC explained the...

Owing to its decade long correlation with the S&P 500 stock market index, Bitcoin stock-to-flow (S2F) model propounder Plan B thinks that BTC should have surpassed it’s previous ATH and hit the $25,000 price mark.‘S&P Implied BTC Price: $25K .. Interesting Times Ahead!’Plan B takes an interesting place amongst numerous other ‘Bitcoin analysts’ on crypto Twitter. A firm believer in the stock-to-flow model that he created for BTC, he posts daily price and market updates on his profile...

Decentralized finance (DeFi) is all the rage in 2020 as projects in the field continue to explode. The total value locked in lending protocols has skyrocketed throughout the year.And while there are plenty of exciting projects, one seems to stand out with its unique approach.The project in question is Ampleforth (AMPL). It addresses a few problems that even Bitcoin, being the primary and most widely-adopted and perhaps, understood, cryptocurrency, has.But for AMPL to make sense, let’s dive...

The leading digital asset management company Grayscale Investments has received approval from FINRA for public quotations for two more of its cryptocurrency products. Consequently, shares of both Grayscale Bitcoin Cash Trust (BCHG) and Grayscale Litecoin Trust (LTCN) have become the first publicly-quoted securities in the US deriving value from Bitcoin Cash (BCH) And Litecoin (LTC).FINRA Approves Grayscale’s BCH And LTC TrustsAccording to the official announcement from the digital currency...