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PortuguêsSteve Hanke has condemned the legalization of Bitcoin in El Salvador. The economist believes the decision will “completely collapse” El Salvador’s economy. He called the move “stupid.” His reasoning around…
Continue ReadingAs confirmed by Paraguay’s National Deputy, Carlitos Rejala, plans are in place to discuss the formal legalization of Bitcoin next month. Since El Salvador took the progressive step of recognizing…
Continue ReadingBitcoin price is still stuck in the mid-$30,000 range for weeks now, unable to break any lower or make an attempt to reclaim highs. After such a drastic 50% move…
Continue ReadingBitcoin price is back around $35,000 and has failed to retake $40,000 despite several low timeframe reversal signals building. When looking back at past breakdowns following significant rallies, there could…
Continue ReadingGoldman Sachs furthering investment into bitcoin, and even crypto more broadly, shouldn’t surprise anyone too much by now. The top-tier global investment and financial services firm has emphasized this quarter…
Continue ReadingThe state is already becoming known for attracting miners and attempting to pass pro-crypto legislation, with Governor Greg Abbott saying he was a “crypto law proposal supporter.” Shoppers wanting to…
Continue ReadingAccording to reports, Sichuan’s Ya’an municipal government has asked Bitcoin miners to shutdown operations in the city. None of the three local sources available at the moment mention how long…
Continue ReadingTraders expect further downside from Bitcoin and altcoins after BTC dropped below a key support level at $36,000. The U.S. Federal Reserve updated their inflation expectations for this year from…
Continue ReadingBitcoin continues to trend lower in the daily chart. After losing support in the $37,000 area, BTC trades at $35,540. The main cryptocurrency by market cap has been on a…
Continue ReadingA report published by the independent marketing intelligence company, Miq Digital, explains that Hawaii has seen the most crypto demand of all the states in the U.S., with a 687%…
Continue ReadingThe best time to buy Bitcoin was a few years and when it first came around in the early 2010’s. The next best time to buy BTC? Right now according…
Continue ReadingThe Bitcoin Mining Council has publicized its aim to tackle negative media narratives. In its inaugural meeting which was hosted on Twitter Spaces, the council discussed bad press that has…
Continue ReadingBitcoin mining activities might be coming to an end as the industry is used to knowing them. The Asian giant has decided to step up its regulations on this sector;…
Continue ReadingNASCAR driver Landon Cassill has revealed that he will be paid in crypto. The driver had been in talks with Voyager for a 19-race sponsorship. Cassill announced yesterday that they had finally reached an…
Continue ReadingThe meme cryptocurrency has crashed by over 60% from its May 8 peak and one analyst believes it has another 60% deeper to go. If one looks at Dogecoin (DOGE)…
Continue ReadingSupport at $36,000 may also be temporary, one trader warns, after a major Binance buy wall is obliterated. Bitcoin (BTC) broke below $37,000 during trading on June 18 in the…
Continue ReadingBBVA Switzerland will soon begin offering Bitcoin trading to private banking clients while not providing any advisory services on crypto investments. Banco Bilbao Vizcaya Argentaria (BBVA) — Spain’s second-largest bank…
Continue ReadingThe U.S Securities and Exchange Commission (SEC) has delayed its decision to approve the VanEck Bitcoin ETF application for a second time. In explaining the outcome, the securities regulator raised…
Continue ReadingBitcoin bulls ducked for cover as the Federal Reserve started paying interest rate returns on cash deposits via its reverse repurchase program. Bitcoin (BTC) suffered as investors moved a record…
Continue ReadingMayor Francis Suarez wants to make Miami a Bitcoin mining hub by offering the city’s cheap, clean nuclear energy supply. With Bitcoin (BTC) mining concentration expanding in North America, Miami…
Continue ReadingAnother slight decline sees Bitcoin at a crossroads as sellers erode a major exchange buy wall. Bitcoin (BTC) broke through $38,000 support on June 18 but a reversal at solid…
Continue ReadingSomething is rotten in the state of El Salvador. The first nation to declare BTC as legal tender received no other than the infamous Brock Pierce. An “Official Delegation of…
Continue ReadingCamarasal, a well known entrepreneur association in El Salvador, announced the results of a poll made this month. The poll shows almost 100% of Salvadorans worry about the implementation of…
Continue ReadingGoldman has flip-flopped again declaring crypto assets as unworthy of investment in the same week it expands its crypto trading desk. Wall Street investment bank Goldman Sachs has made another…
Continue ReadingBitcoin price started a fresh decline after it failed to stay above $40,000 against the US Dollar. BTC is moving lower and it could even decline towards $35,000 in the…
Continue ReadingAnalysts search for bearish signals after the June BTC futures trade below spot exchange pricing. An unusual phenomenon called ‘backwardation’ is taking place in Bitcoin (BTC) futures trading, mainly the…
Continue ReadingU.S. Senator Cynthia Lummis in an interview said she was all in on Bitcoin. The interview took place during the Bitcoin Conference earlier in the year in Miami. Senator Lummis…
Continue ReadingBitcoin and other assets often develop support and resistance around Fibonacci levels, either through extensions or retracement. The ratios are based on the Fibonacci sequence, which has ties to the…
Continue ReadingThe U.S. Securities and Exchange Commission (SEC) is currently seeking additional commentary from the public, as the regulating body ponders the Vaneck bitcoin exchange-traded fund (ETF) decision. In a notice…
Continue ReadingThis week’s Fed meeting has been viewed hawkishly by the broader market, and asset prices reacted negatively to the plan to begin to raise interest rates come 2023. Bitcoin fell…
Continue Reading“There are a handful of pilots who like crypto, but I am probably one of the ones who has been around long enough and I am quite comfortable with how…
Continue ReadingIran’s ICT minister has made a proposal that the Persian Gulf island of Kish should be transformed into a crypto exchange hub. Kish is an island off the Persian Gulf…
Continue ReadingBulls will eliminate 99% of the bear’s protective puts if BTC trades above $40,000 on June 19. Bitcoin (BTC) bulls have little reason to celebrate the 25% rally over the…
Continue ReadingThe National Republican Congressional Committee has announced that it will start accepting campaign donations in crypto. This was reported by Axios on Wednesday. This announcement makes the party the first…
Continue ReadingThe decentralized finance protocol’s native token MIR jumps over 30% overnight as traders’ attention shifts to its protocol upgrade and Gemini listing. Mirror Protocol (MIR) emerged as one of the…
Continue ReadingIt’s been a bad 24 hours for the precious metal, which shed $100 per ounce thanks to the Fed’s outlook. Bitcoin (BTC) edged closer to $38,000 support on June 17…
Continue ReadingBitcoin mining firm Genesis Digital Assets has purchased an additional 10,000 Bitcoin miners from the ASIC machine manufacturer Canaan. By the end of the month, Canaan plans to complete the…
Continue ReadingThe House Republicans’ campaign arm said on Thursday that it will be accepting cryptocurrencies using the payment processor Bitpay. The National Republican Congressional Committee (NRCC) is a lobbyist organization aimed…
Continue ReadingNew tech that reduces costs of international payments would “be a boon for poor countries that rely on remittances” — but will BTC as legal tender fix that? For much…
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