Grubhub, an American online food delivery platform, has come up with an exciting new way to engage its users. The company has partnered with Bitcoin rewards company Lolli to allow its users to earn Bitcoin (BTC) on every order. Integrating crypto into a simple routine activity – like ordering food online, is yet another effort […]
The U.S. Securities and Exchange Commission today rejected another application for a Bitcoin ETF. The SEC denied financial services company WisdomTree’s application for an exchange-traded fund, saying in a letter that it did not meet criteria “designed to prevent fraudulent and manipulative acts and practices” and “to protect investors and the public interest.” An ETF […]
Bitcoin has spread its wings far and wide and no nation has been left out. All around the globe, there is bitcoin adoption going on, both as a payment method as well as an investment option. The latest company to implement bitcoin as a method is Croatian supermarket giant, Konzum. The move was announced on […]
Bitcoin price is consolidating above the USD 55,500 support. Ethereum spiked below USD 4,500 before recovering losses, XRP faces a hurdle near USD 1.0. SOL is showing positive signs above USD 220. Bitcoin price extended decline below the USD 56,500 support. However, BTC stayed above the USD 55,500 support. It is slowly recovering and is […]
There’s mounting evidence that it’s been a big year for crypto derivatives, contractual agreements to buy or sell crypto assets based on future prices. The latest signal comes from a Glassnode report that notes excessive leverage (the high risk inherent in using a relatively small amount of capital to speculate on price movement) in derivatives […]
Expect your aunts and uncles to start asking you a lot more questions about Bitcoin and NFTs. That’s because Facebook, the most-popular social media application in the U.S. among older adults, said today it would no longer prevent most cryptocurrency advertisements from appearing on the site. “We’re doing this because the cryptocurrency landscape has continued […]
Square, the financial payments company helmed by Bitcoin proponent Jack Dorsey, has changed its corporate name to Block. “We built the Square brand for our Seller business, which is where it belongs,” said Dorsey in a press release. “Block is a new name, but our purpose of economic empowerment remains the same. No matter how […]
When Twitter CEO Jack Dorsey resigned this week to focus on his other company—financial payments firm Square—many wondered what it would mean for both companies’ crypto ambitions. Dorsey today has subtweeted at least some of that answer. Square announced today it has renamed itself Block in an apparent reference to blockchain—the technology that undergirds Bitcoin. […]
Bitcoin Price Prediction – December 1 The Bitcoin price prediction increases in the early hours of today but despite the rejection, the market is still ranging. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $64,000, $66,000, $68,000 Support Levels: $52,000, $50,000, $48,000 BTCUSD – Daily Chart BTC/USD may begin to follow the bearish […]
When presented with two impossible options, sometimes it’s best to just shrug your shoulders and say, “I don’t know.” That’s what a federal jury in the Southern District of Florida did today in the case of Kleiman v. Wright. Jurors told Judge Beth Bloom they “cannot all agree on a verdict on any of the […]
BTC/USD Holds Above $56k Support as Bitcoin Battles $59k High- November 30, 2021 Since November 28, Bitcoin has traded in a tight range as Bitcoin battles $59k high. The cryptocurrency has been fluctuating between $56,000 and $58,000 price levels. If the bulls break above the $58,000 resistance, BTC/USD price will attempt to retest the $60,000 […]
Data shows Bitcoin open interest has remained high despite the dramatic sell-off that occurred a few days back due to fud from the new COVID variant. Bitcoin Open Interest Remains High Following The Sell-Off As per the latest weekly report from Arcane Research, the BTC open interest hasn’t fallen much in the past few days. […]
Senator Cynthia Lummis (R-Wy) is asking her Republican colleagues to withhold support for Jay Powell’s renomination as Chair of the Federal Reserve, citing what she claims is unlawful treatment of crypto institutions in her home state. According to a source in Lummis’s office, the pro-Bitcoin Wyoming Republican is also urging Senate colleagues to block President […]
Bitcoin Price Prediction – December 1 The Bitcoin price rebounds from the daily low of $56,700 as the buying interest may increase the bullish movement towards $60,000. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $64,000, $66,000, $68,000 Support Levels: $53,000, $51,000, $49,000 BTCUSD – Daily Chart BTC/USD may continue to range-bound if […]
The second-largest cryptocurrency in terms of market capitalization, ethereum, has come awfully close to reaching the digital asset’s all-time high ($4,878) it reached 21 days ago on November 10. While bitcoin dominance has slid below the 40% zone, ethereum’s market dominance, or $557 billion market valuation, represents close to 20% of the crypto economy. Ethereum’s […]
As institutions, corporations, countries, and more buy into Bitcoin, the cryptocurrency is beginning to transition from a speculative asset to a macro financial asset much like gold, oil, and others. But before that happens, the top cryptocurrency by market cap is mimicking Jesse Livermore’s “speculative chart” with incredible accuracy and precision. If this rare chart pattern […]
Bitcoin and stocks suffered today as both the crypto and traditional markets appear to have been spooked by Federal Reserve Chair Jerome Powell’s comments about inflation. Bitcoin dropped to $56,245 during a hearing before the U.S. Senate panel—a nearly 5% dip from when it stood at $59,161 earlier today—after the Fed chairman said inflation should […]
Bitcoin gained pace and climbed above $58,000 against the US Dollar. However, BTC is still struggling to gain pace for a move towards the $60,000 level. Bitcoin started a fresh increase above the $57,000 and $58,000 levels. The price is now trading above $57,000 and the 100 hourly simple moving average. There is a key […]
This month, the price of bitcoin sank below the $60K zone this month after reaching an all-time high (ATH) at $69K per unit. The pseudonymous bitcoin analyst and the creator of the bitcoin price model called stock-to-flow (S2F), Plan B, called the last three months of bitcoin prices correctly but the analyst’s “worst-case scenario” forecast […]
Michael Saylor, CEO of enterprise data analytics company MicroStrategy, announced Monday via a Twitter post and company filing that the firm purchased an additional 7,002 Bitcoin (BTC), worth approximately $414.4 million, at an average price of $59,187 per coin. MicroStrategy sold 571,001 shares of company stock between Oct. 1 and Nov. 29 at $732.16 apiece, raising […]
Bitcoin Price Prediction – November 29There have been notable smaller downs and ups in the BTC/USD business operations as the crypto market trades at the $55,000 zone. The crypto-economic market is currently at a negative percentage rate of about 5.38, trading around the $57,007 level. That shows that some degrees of lowering pressures are still […]
