Bitcoin

Bitcoin Shows Double Bullish Confluence; Next Target: $50,000

A confluence of two classic technical indicators suggests Bitcoin will hit $50,000 in the short-term. Dubbed as Bull Flag and Bull Pennant, both the patterns represent a period of consolidation after a strong uptrend, except with different structures. For instance, Bull Flags appear like downward sloping channels, wherein an asset moves lower while leaving behind […]Read More

Bitcoin

Bitcoin Under Pressure as Focus Shifts on Wild Crypto Rivals

Bitcoin has every reason to continue its upside rally for the rest of this week, ranging from Tesla’s $1.5 billion investment to Twitter’s consideration of holding it. Nevertheless, the flagship cryptocurrency is going down. The BTC/USD exchange rate corrected sharply after hitting its record high of $42,000 on Tuesday, pointing to a spike in profit-taking […]Read More

Blockchain

Dogecoin’s Surging Price Resurrects Its Tech Development

Well, Dogecoin still is a meme – just a more expensive meme. And as the price rises from the depths, Dogecoin’s historically scattered development is rising with it. Take Dogecoin lead maintainer, Ross Nicoll, for example. His last commitment on Github came in October of 2019, but in the past two weeks he’s taken on […]Read More

Market

Anti-Privacy Regulations Pose Risks for Crypto Investors, Bank of America

A Bank of America cryptocurrency report warns of the risks and potential market disruption from anti-privacy government measures. Cryptocurrencies “challenge the ability of governments to levy taxes and to control capital flows more broadly,” according to a recent report from Bank of America Securities obtained by CoinDesk. Uncertainty over how the U.S. governments will act […]Read More

Bitcoin

ShapeShift CEO Erik Voorhees on Bitcoin’s future and Peter Schiff’s

Bitcoin’s rise in 2020 was marked by institutions purchasing the asset as a hedge against global inflation, a bleak economic outlook, and an overall low-yield environment in the traditional finance market. The year 2021 is not far behind in that regard. The first month saw business enterprise firm MicroStrategy conduct its “Bitcoin playbook” conference, a […]Read More

Market

More People HODLing Bitcoin Hurts Case for Buying, Selling With

Bitcoin liquidity appears to be falling as the demand that has driven the recent bull market appears to be concentrated among a relatively small number of investors who are unwilling to sell, according to new research by Morgan Stanley. That lack of liquidity potentially hurts its use for transactions, the investment bank said. Addresses holding […]Read More

Bitcoin

Tesla’s in, but who’s next to buy Bitcoin?

Following Tesla’s $1.5 billion purchase of Bitcoin, the internet is awash with rumors on which high profile corporate entity is next. However, even at this stage of the game, corporate BTC buys attract controversy from the trad-fi diehards. They voice concerns about lowering dollar liquidity and increasing risk exposure to volatility. The case against adding […]Read More

Blockchain

Bitcoin Developer Fund Brink Is Granted Tax-Exempt Status

Donations to the Brink open-source development fund are now tax exempt for U.S. donors. Founded and directed by Bitcoin Core contributor John Newbery, Brink provides grants to Bitcoin developers who work on its open-source tech stack. Now, it has secured 501(c)(3) status from the Internal Revenue Service, meaning any U.S. taxpayer donating to the fund […]Read More