After Mocking the Price Model, Crypto Advocates Discuss Bitcoin’s Rainbow Chart Reintegration On a few occasions last year, crypto advocates discussed how a number of price models, leveraged to help predict the future value of bitcoin, ended up failing. However, since bitcoin’s value has increased by 36% over the last month, the price has entered the darkest band of the rainbow chart after breaking below the rainbow […]
El Salvador’s bitcoin city wins global recognition El Salvador has won a global award for its ambitious and eco-friendly Bitcoin City, which will be constructed at the base of a volcano. The Bitcoin City project of the El Salvador government has reportedly been recognized by the jury of the international design platform LOOP, among the 705 proposals submitted from 56 countries. The […]
Gold to Lose Its Shine as Harry Dent Predicts Massive Crash; Bitcoin to Follow Suit With Low of $3,250 Gold has seen a significant increase in value in 2023, with spot prices rising from $1,823 per ounce to the current price of $1,937 per ounce. However, Harry Dent, founder of HS Dent Investment Management, believes that this trend may not continue in the near future. Dent predicts that gold may lose value to the […]
Where Are the Crypto OGs? — Taxation Is Theft, but Joe Biden Needs Ice Cream Money Bitcoin was once viewed as a means to opt out of violent, legacy financial systems. Now, it is being co-opted by the very same, and zealous newcomers to crypto think that’s a good thing, while still giving lip service to peer-to-peer values. Ignoring the problems with fiat money, they beg political interests and bad actors […]
Tesla Reports $34M Impairment Charge on Bitcoin Holdings in Q4 2022 In its latest earnings report released Wednesday, Tesla revealed it had neither bought nor sold any Bitcoin in the final quarter of 2022. The electric car manufacturer, however, reported $34 million in impairment charges as the value of its Bitcoin holdings declined to $184 million from $218 million in Q3 2022. In the world of […]
Right-Wing Arizona Senator Pushes to Recognize Bitcoin as Legal Tender An Arizona State Senator has introduced a bill to make Bitcoin legal tender in The Grand Canyon State. Wendy Rogers, a Republican and enthusiastic supporter of former President Donald Trump, yesterday put forward a proposal to amend the definition of legal tender in the state’s statutes to include the world’s biggest cryptocurrency. The bill was […]
Bitwise survey finds 60% of financial advisors still bullish on crypto The fifth annual Bitwise/VettaFi 2023 Benchmark Survey of over 400 financial advisors found that these institutions remain highly engaged in crypto despite the slump in bitcoin (BTC) and other cryptocurrencies prices. Investor interest in crypto remains strong Last year, the global digital assets space went into one of the most severe crypto winters in its […]
Tesla held on to bitcoin despite massive sell-offs amid 2022 bear market According to an SEC filing, Elon Musk’s electric vehicle business Tesla did not sell the remains of its bitcoin stockpile during the fourth quarter of 2022, as planned. Tesla’s Q4 and FY 2022 update state that the company continued to HODL a portion of its crypto fortune even after the crypto market crashed and negative […]
Bitcoin hash rate taps new milestone with miner hodling at 1-year low Bitcoin (BTC) is seeing new records in network activity as volatility sends BTC price action to fresh five-month highs. Data from resources including MiningPoolStats confirms that Bitcoin’s hash rate hit new all-time highs on Jan. 26. Hash rate passes 300 EH/s threshold In another example of Bitcoin’s blitz recovery from the pits of post-FTX woes, […]
Bitcoin might commence a bull run as it hits $23k Bitcoin (BTC) surpassed the $23,000 mark. The on-chain analyst platform CryptoQuant believes that the flagship cryptocurrency might have started a bull run early this year. According to a tweet by CryptoQuant, the platform’s Profit and Loss (PnL) index — which combines different indicators such as the MVRV ratio with the moving averages, etc. — has […]
Central African Republic Sets Up Committee Tasked With Drafting Crypto Bill The Central African Republic (CAR) president, Faustin-Archange Touadéra, recently said his government has established a 15-member committee tasked with creating a comprehensive legal framework that governs the use of cryptocurrencies. According to an official document issued by the CAR cabinet, the committee has already started its work and will regularly update the government. CAR’s Ambitions […]
Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K Bitcoin price started a fresh increase from the $22,400 support zone. BTC climbed to a new yearly high and now aims more upsides above $24,000. Bitcoin started a fresh increase after forming a base near the $22,400 support zone. The price is trading above $23,000 and the 100 hourly simple moving average. There was a […]
Binance Processed $346 Million for Crypto Exchange Bitzlato, Report Claims Cryptocurrency exchange Binance has reportedly processed nearly $346 million in crypto transactions for Bitzlato, the coin trading platform that was shut down in an international law enforcement operation. U.S. authorities say the world’s largest trading platform for digital assets was among Russian-owned Bitzlato’s major counterparties. Blockchain Data Indicates Binance Moved Over 20,000 BTC for Bitzlato […]
Banking Giant Goldman Sachs Ranks Bitcoin As World Best Performing Asset Ahead of Gold, US Treasury, the S&P 500, and others, banking giant Goldman Sachs ranks Bitcoin (BTC) in the top 1 best-performing asset year-to-date, per a Twitter user. According to Goldman Sachs, Bitcoin has outperformed its cryptocurrency pairs and those major financial institutions of the traditional market with a risk-adjusted return (Sharpe ratio) of 3.1. […]
The simple guide to buying bitcoin with PayPal in 2023 When it was first released, PayPal was a revolutionary form of financial technology. Of course, in the wake of cryptocurrency taking the world by storm, it is arguably left in the dust of decentralized financial solutions. Nevertheless, millions worldwide use PayPal due to its convenience and global connectivity. Increasingly, it’s becoming clear that giving the PayPal […]
Blockstream raises $125m to be directed to mining Blockstream has successfully raised $125 million to expand its presence in the bitcoin (BTC) mining market, which has seen its top players struggle to maintain their positions. The company is investing in growing its hosting services and infrastructure. Erik Svenson, president and chief financial officer of Blockstream, stated that Blockstream could continue to construct infrastructure […]
Bitcoin Price Analysis: BTC Aims More Gains above $23K Bitcoin price started a fresh increase from the $20,400 zone against the US Dollar. The price is now trading above $22,000 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $22,450 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could […]
BTC technical analysis paints a bullish picture for 2023 From a technical perspective, bitcoin looks like it could have a great 2023. Bitcoin (BTC) prices continued to surge, reaching a 90-day high of $23,282.35 on Jan. 21. Despite a slight dip, BTC is still trading at a healthy $22,903 as of Jan. 24. The positive price trend is supported by strong on-chain metrics, which […]
The Federal Reserve and Other Agencies Are Warning Banks About Crypto U.S. regulators like the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have established a joint statement warning banks all over the world about the alleged risks and problems that come with crypto trading. The Federal Reserve Feels Crypto Is Problematic These agencies say that banks need […]
The President of El Salvador berates biased media The President of El Salvador has struck back at legacy media and told the world his nation was able to meet its financial obligations. El Salvador’s president Nayib Bukele criticized the biased disposition of legacy media outlets to the country’s efforts in meeting all its financial obligations and keeping to the payment date for the […]
