Just when many agree the price of Bitcoin is in short supply and will be higher than it is now, not all assume so. The Bitcoin price is right where it should be, according to international banking and financial services company JPMorgan Chase. JPM maintains that Bitcoin is suitably priced based on its ‘intrinsic value’ […]
The cryptocurrency community was thrown into a frenzy yesterday after an unusual 50 BTC transaction was carried out by a Satoshi-era wallet which was assumed to be dormant for over a decade. Initially, many believed that this transaction was from the elusive Satoshi Nakamoto, however, subsequent data proved otherwise. The data suggests that it was […]
New York-based Kadena, a JP Morgan offshoot and next-generation blockchain application provider for companies and entrepreneurs, revealed the company’s collaboration with Chainlink, a decentralized oracle network that allows smart contracts to securely access off-chain data streams, conventional bank payments, and web APIs. The partnership aims to incorporate the decentralized oracle network of Chainlink into Kadena […]
According to new data from Bitinfocharts, the Bitcoin network has recorded a significant spike in average transaction fees following the recent halving. On the 14th of May, the average Bitcoin transaction fees spiked by more than 55% in a single day, recording an 11-month high of $5.1. Although it quickly dropped to about $3.5 two […]
ISIS received up to $ 300 million in crypto donations, according to the Counter Extremism Project (CEP), an NGO research center that sheds light on the corporate and financial operations of terrorist groups around the world. In its April report, named cryptocurrencies as threats to public safety and counter-terrorism: risk analysis and regulatory challenges, CEP […]
Bitcoin is going through its very first global economic crisis and it is doing exceptionally well. The Coronavirus pandemic has forced governments and apex banks around the world to take extreme measures in cushioning the effects of the prevailing crisis on the global economy. It is recorded that over $8 trillion has been spent in […]
As the post-halving tension eases, there appears to be a lot of changes in the Bitcoin mining dynamics which has subsequently affected the rest of the industry. Talks about a previously unknown China-based mining pool dominating the mining sector have been making rounds lately. Lubian has popped up—seemingly out of nowhere—and is now ranked as […]
Over the weekend, famous author, Robert Kyosaki, made a tweet that was hard to miss. The financial educator—best known for his book “Rich Dad Poor Dad”— is an ardent Bitcoin supporter and has been promoting the cryptocurrency for a while now. Kyosaki tweeted yesterday that with the global economy in crisis, he’s becoming especially bullish […]
Key Resistance Zones: $10,000, $11,000, $12,000Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: BullishYesterday, BTC has been consolidating above the recent low of $9,130. Today, it has risen above $9,500.Since on May 15, the upside correction has been stable because the bulls sustained hold above $9,000 support. Bitcoin bulls have made several […]
