El Salvador, the first country to make bitcoin legal tender, has officially mined the first bitcoin using volcanic energy. This was revealed when President Nayib Bukele shared a screenshot of a mined bitcoin on Twitter. We’re...
In summary: Bitcoin is once again battling to break the $10,000 resistance level. BTC has been highly correlated to the traditional markets since the Coronavirus crash of March 2020. Its correlation with the S&P 500 has...
Turkey has announced a move to ban cryptocurrencies as a form of payment The Turkish Central Bank cites that cryptocurrencies can cause ‘non-recoverable’ losses due to their level of anonymity The crypto ban in Turkey begins...
Summary: Cash App has launched a new service that allows its users to convert their paychecks into Bitcoin The new feature named ‘Paid in Bitcoin’ allows users to select what percentage of their direct deposits to...
Summary: EU legislators are estimated to finalize regulations on proof-of-mining crypto activities and unhosted wallets by the end of June. Such regulation will have enormous implications for the crypto industry in Europe and globally. The crypto...
Quick take: Timothy Peterson has used Metcalfe’s law to predict that Bitcoin is 2 weeks away from $11k Additionally, and using his model, BTC is 2 months from hitting $12k and 2 years from $37k Mr....
Analysts: Bitcoin Breaking Past $20,000 in 2019 Unlikely Ever since Bitcoin (BTC) began to break past key resistances in May and June, buoyant traders have been expecting for the cryptocurrency market to establish fresh all-time highs...
In brief: The team at Grayscale has forecasted that Bitcoin could see another five to six months of downward or sideways price movement. The Grayscale team cites the traditional 4-year Bitcoin and crypto cycle as their...
Bakkt Prepping to Launch It seems that Bakkt is arriving at the Bitcoin party a bit early. Announced in a tweet on Wednesday morning, the long-awaited crypto exchange startup will start managing custody of its customers’...
Summary: 30,000 BTC has flowed out of the Coinbase crypto exchange This amount could be a sign that institutional investors are once again interested in Bitcoin President Biden’s executive order on digital assets could be a...
Bitcoin hasn’t done all too well in the past few months, falling from $14,000 in June to as low as $6,400 in December of last year. This meant that at the bear trend’s worse, Bitcoin was...
Quick take: Bitcoin Miners’ Position Index has hit an 8 year high According to the CEO of CryptoQuant, miners have been selling their Bitcoin since BTC hit $42k The selling is ongoing and the main reason...