Bitcoin price must flip $62K to avoid worst ‘death cross’ consequences
Bitcoin is still due to close a daily chart “death cross,” but $62,000 resistance could be key to mitigating the BTC price downside that has followed in the past.
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No blow-off top? Bitcoin hodler metric points to ‘depressed’ BTC price
It’s a slow grind for long-term holders with no significant macro top or bottom in sight, the Reserve Risk metric suggests. 1310 Total views 33 Total shares Bitcoin (BTC) investors are famous for their ability to “hodl” through price dips, but new data sheds light on how long they may be prepared to continue.In a…
Pantera Capital CEO: Bitcoin Could Peak Over $500K in August 2021
In a letter to Investors, CEO Dan Morehead examined the YTD performance of Bitcoin prior to the May 12 rewards halving. 2540 Total views 100 Total shares Pantera Capital Founder and CEO Dan Morehead has predicted there is more than a 50-50 chance Bitcoin goes up “and goes up big”, with a predicted peak of…
Bitcoin Safe Haven Sucking in Money From China, Says Blockchain Executive
Bitcoin (BTC) really does function as a safe haven asset in 2019, another source has told mainstream media as the United States-China trade war rages.Bitcoin increasingly important amid economic uncertaintySpeaking to Forbes in an interview on Aug. 8, Chris Reinertsen, chief marketing officer of blockchain consultancy Rhythm Technologies, said investors were pouring into Bitcoin in…
What is Chapter 11 bankruptcy? Understand the basics
In the complex world of finance and business, bankruptcy serves as a crucial mechanism that allows struggling companies to reorganize and regain financial stability. One of the most well-known forms of bankruptcy is Chapter 11, a legal process in the United States that grants businesses the opportunity to restructure their operations while protecting them from creditors’…
G-20 Summit Results: Crypto Is Important for Global Economy, Needs to Be Regulated and Taxed
Members of the Group of 20 (G-20), an international forum for the governments and central banks of countries with developed and developing economies, addressed cryptocurrencies in their recent declaration on sustainable development of the global economy.Declaration summary: Crypto is important, but it needs to be put under scrutiny and tax regulationsOn Dec. 1, the G-20…
Ethereum scalability issues exposed as high gas fees stall DeFi boom
The crypto market has been on the receiving end of a market downturn during the past week, with many cryptocurrencies facing drops in valuation almost overnight, raising concerns that a bear market has commenced.Furthermore, in the wake of this market turmoil, Ethereum network transaction fees have surged, recently achieving an all-time high, thanks in part…
Shiba Inu gains over 30% in just 2 days as Kraken announces SHIB listing
Shiba Inu (SHIB), a Dogecoin-inspired meme cryptocurrency, has emerged as one of the best performers across traditional and crypto markets entering the new weekly session as its price climbed by over 30% week-to-date.SHIB’s price reached $0.00005155 Tuesday after bouncing from its technical support near $0.00003560 at the beginning of this week. Its rebound signaled a…
CFTC Requires Trading Platform to Pay $990K for Illegal Bitcoin-Related Transactions
The United States Commodity Futures Trading Commission (CFTC) has announced Monday, March 11, that international securities dealer 1pool Ltd. and its CEO Patrick Brunner must pay a total of $990,000 for illicit Bitcoin (BTC) transactions with U.S. customers.The Marshall Islands-based startup, which was offering BTC-funded security-based swaps, and its owner have been fined for illegally…