Archive for October, 2020

Bitcoin price pattern suggests bulls can flop to lows of $12,000

October 31, 2020 | By | Reply | 97 Readers More
Bitcoin price pattern suggests bulls can flop to lows of $12,000

Bitcoin recently touched a high of $13,800, which is likely the peak of an upside parabola whose outlook suggests a correction to $12,300 While BTC/USD looks like holding above $13,000, a bearish flip to prices near $12,000 is likely if we consider the historically accurate upside parabola pattern. Bitcoin’s recent jump to highs above $13,800 […]

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This is How Institutional Players Help Bitcoin Mining Industry Grow

October 31, 2020 | By | Reply | 105 Readers More
This is How Institutional Players Help Bitcoin Mining Industry Grow

BitRiver’s crypto mining farm. Source: Adobe/hlxandr Institutional players are entering the cryptoasset mining industry, prompting the creation of enterprise-grade solutions, but also offering new solutions for existing challenges, according to Igor Runets, founder and CEO of BitRiver, a Russia-based mining services provider that is now open to approaches from strategic investors. Runets and his business […]

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Only 8% Of All Examined Decentralized Exchanges Are Safe: Report

October 31, 2020 | By | Reply | 108 Readers More
Only 8% Of All Examined Decentralized Exchanges Are Safe: Report

Decentralized finance exploded in popularity this year and especially during and after the summer. Apart from numerous DeFi-oriented protocols, the cryptocurrency space saw the emergence of multiple new decentralized exchanges. The sharp increase in demand led to rapid project developments and impressive volume growth. However, the speed compromised user security on some occasions. Consequently, the […]

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Bitcoin Drops $300, but Could Reach $20,000 Again

October 31, 2020 | By | Reply | 96 Readers More
Bitcoin Drops $300, but Could Reach $20,000 Again

Just yesterday, bitcoin rose to about $13,400, though at press time, the currency has dropped a bit and is now trading for around $13,100. That’s a $300 slip in less than 24 hours. Not a good sign, and yet per many analysts’ thoughts, bitcoin is still in relatively tough shape and likely to remain so […]

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Expect Bitcoin to Break $14,000 Once Altcoin Bleeding Ends: Analyst

October 31, 2020 | By | Reply | 101 Readers More
Expect Bitcoin to Break $14,000 Once Altcoin Bleeding Ends: Analyst

It’s been a brutal past few days and weeks for altcoins despite Bitcoin’s strength. Top digital assets aside from BTC have plunged a handful of percent, even dozens of percent, against the U.S. dollar, even as Bitcoin hits new year-to-date highs. This divergence has shocked many investors in the space, especially those that entered the […]

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When you buy Bitcoin, what should you look at? (Part 1)

October 31, 2020 | By | Reply | 102 Readers More
When you buy Bitcoin, what should you look at? (Part 1)

When should you buy Bitcoin? The default answer to that should be every day, irrespective of the price, as the simple dollar-cost average (DCA) strategy goes. But, lets be honest, nobody really does that? Why? Because its too simple. Instead, people look at a host of different technical, on-chain and macro-economic indicators. Bitcoin, due to […]

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Bitcoin and DeFi Rally Led Crypto Hedge Funds To Log More Than 100% Gains in 2020

October 31, 2020 | By | Reply | 101 Readers More
Bitcoin and DeFi Rally Led Crypto Hedge Funds To Log More Than 100% Gains in 2020

Owning to the Bitcoin and the aggregated cryptocurrency market’s recent roaring rally, BTC, and crypto hedge funds have reportedly registered profits upwards of the 100 percent mark. This comes amid the rising sentiment of sidestepping banks to avail quick loans through digital assets. What does this say about the cryptocurrency industry? Bitcoin And Cryptocurrency Hedge […]

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Former Google lawyer joins spate of high-profile attorneys entering crypto

October 31, 2020 | By | Reply | 104 Readers More
Former Google lawyer joins spate of high-profile attorneys entering crypto

On Friday Coinbase Inc. announced the appointment of former Google Senior Legal Director Milana McCullagh as deputy general counsel for product and commercial legal. McCullagh, who worked for more than 13 years at Google, will work across functions at Coinbase on product legal support, helping the firm to streamline legal compliance for new product launches. […]

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Bitcoin Price Hits New 1000-Day High, New Bull Cycle Inbound?

October 31, 2020 | By | Reply | 97 Readers More
Bitcoin Price Hits New 1000-Day High, New Bull Cycle Inbound?

Bitcoin price has broken over $14,100 for the first time since January 15, 2018 – a staggering 1,020 days ago. The move has coincided with the 12-year anniversary of the first release of the Bitcoin whitepaper and $7 billion flooding back into the market during the start of the US trading session. Is this the […]

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Medici Has Put a Lot of Money into the Barbados-Based BTC Company Bitt

October 31, 2020 | By | Reply | 98 Readers More
Medici Has Put a Lot of Money into the Barbados-Based BTC Company Bitt

Overstock subsidiary Medici Ventures is putting a lot of money into a bitcoin and cryptocurrency startup known as Bitt. Thus far, the firm has placed roughly $8 million into the venture, which is based in the small Caribbean island nation of Barbados. The money that Medici has placed in Bitt means that it is now […]

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