According to a recent 70-page report by Arcane Research in conjunction with Bitstamp, Bitcoin (BTC) is the future of collateral in the finance industry. The report notes that Bitcoin is very similar to the internet, considering that it is a “blank canvas” on which developers can build creatively upon in any desired way. Originally, Bitcoin […]
Key Resistance 51500 – 5300 Key Support: 44900 – 44000 Long Term View Bitcoin is a buy asset and has been for a while. Swing trades against it have been horribly wrong in the past for a few big money managers. But we are traders so this doesn´t mean we can´t profit from downside moves […]
The Reserve Bank of India’s (RBI) distaste for the cryptocurrency industry continues to grow as the apex bank recently expressed its worry about the potential impact of cryptocurrencies on the country’s economy. At the same time, members of the bank have confirmed that the RBI is planning on releasing a digital rupee. The bank has […]
The “no boring days in crypto” trope appears to have gained more validation over the past 24 hours. Just a few hours after Bitcoin (BTC) recorded a new all-time high at $58,480 and seemed to be waxing stronger on its bullish momentum, the benchmark cryptocurrency got racked with one of the sharpest declines in its […]
The Next “Buzz Word” AltcoinsLast month, the Bloomberg Galaxy Crypto Index was at 1414.37, following a low of 217.82 in early March. BTC had made a new high yesterday at $51,630.86. Today (February 17) and the index was at 2,295.61. That’s a huge gain for one month. Let me put this into perspective. In late […]
Bitcoin (BTC) has gained more recognition as a payment system over the past few weeks, as a UK-based flight company, PrivateFly, reports that more than 20% of its revenue came from Bitcoin payments. PrivateFly is a global private jet charter company with a recognized membership on several aviation industry bodies, including the BACA, ACANA, and […]
Anthony Scaramucci, the founder of Skybridge Capital, continues to be wildly optimistic about the prospects and performance of Bitcoin (BTC), as he now believes that the cryptocurrency could break the 6-digit barrier in 2021. The hedge-funder made his price prediction in a recent CNBC Squawk Box appearance after he got asked what his BTC price […]
After a long week of push and pull, Bitcoin (BTC) has finally recorded a $50k price mark in the Asian session on Tuesday. The benchmark cryptocurrency recorded a daily high at $50,085 a few hours ago, according to Binance. Although several exchanges have reported slightly different figures, most report that the $50k mark was indeed […]
Hester Peirce, the commissioner of the US Securities and Exchange Commission, has asserted that there is a need for precise regulation of cryptocurrency. The recent spike in institutional interest in cryptocurrencies from the likes of Tesla, MasterCard, BNY Mellon, etc., is likely the trigger for the renewed regulation call by authorities. “That adds to the […]
