Welcome to the world of bitcoin
The undisputed leader in digital money is Bitcoin.
Investing in bitcoin is easy, you do not need to have a lot of capital, as in the case of mining, or special knowledge, as in trading.
Starting Thursday, Bitcoin seemed to break downwards as it slipped from weekly highs of $35,000. Wiping out $2,000 in a matter of hours, the digital asset found support just above $32,000. There was little development in the wider market to explain the sudden crash. But for the last couple of weeks, Bitcoin has been bouncing between $31,000 and $35,000. The crucial question remains, where will it break first, below $30,000 or above $35,000?
Over the weekend, Bitcoin’s all-crucial support set at $32,000 helped it stage a comeback. At the time of press, Bitcoin is trading well above $33,000 according to our data. This follows a more than 2 percent price increase in the last 24 hours.
If the crypto king can maintain the m ... Read more »
El Salvador, the small Latin American state created history in June after it became the first country to pass Bitcoin as a legal tender. The Bitcoin Bill was passed by the country’s congress with a resounding majority and the President assured the decision was no gimmick. Now El Salvador could be joined by another Latin American nation in its quest to make Bitcoin a legal tender.
Paraguay, another small central American nation is all set to introduce a Bitcoin bill this coming Wednesday. Carlitos Rejala, the deputy of Paraguay has hinted at a possible big incoming news on July 14 regarding Bitcoin introduction of a Bitcoin Bill in the Paraguayan parliament by senator Fernando Silva Facetti.
Paraguay had earlier denied ... Read more »
Bitcoin Market State: Investors Holding Steady Instead of Selling Large Volumes like 2018, But Volatility to Remain Under Pressure until Q3
There isn’t much happening with the price of Bitcoin, which continues to remain boring as it trades sideways between $30k-$40k.
As Bitcoin’s price remains range-bound, Guggenheim Investments Chairman Scott Minerd is back with his bearish takes, which could only be seen as his attempts to scoop up cheap coins for himself, although to the public, he is saying that he isn’t in a hurry to buy BTC right now.
Up until now, Minerd was calling for $20,000, but his latest target has now fallen to $10,000.
“When we look at the history of crypto, and we look at where we are, I mean, I really do believe this is probably a crash, and you know a crash would mean we’d be down 70-80% which, let’s just say that’s between 10 and 15 thousand,” he said in an interview with CNBC.
Minerd&r ... Read more »
Apple co-founder Steve Wozniak called Bitcoin “the most amazing mathematical miracle” during the Jalisco Talent Land Digital 2021 event, El Sol de México reports.
He also believes that the flagship cryptocurrency is more precious than gold because the latter is not scarce enough:
Even though the 70-year-old tech entrepreneur doesn’t personally invest in the leading crypto, he is convinced that it has a place in the future.
Wozniak has been an ardent Bitcoin proponent for years. Back in June 2018, he said that he wanted it to become a single global currency.
In December, he launched his ... Read more »
There is a critical threat to the world economy. This threat is loved by terrorists, transnational organized crime and hackers. Many of its supporters explicitly state that its purpose is to hasten the collapse of the existing global economic order. That threat is bitcoin, in particular, and cryptocurrency in general, and it's time the leaders of the free world started taking it seriously.
The danger is too great to ignore: Recently the hacking group DarkSide infiltrated the Georgia-based Colonial Pipeline, leading to fuel shortages and extracting a ransom of 63.7 bitcoins. Terrorist groups have been using it to solicit and receive individual and anonymous donations as well as state-sponsored support.
The economic theory ... Read more »
The price was around $32,820 per coin, while rivals Ethereum and Dogecoin were trading around $2,110 and 20 cents per coin, respectively, according to Coindesk.
The plan was confirmed by the payments company in a tweet on Thursday.
Bitcoin wallets can be stored at cryptocurrency exchanges, where bitcoin can be bought and sold for traditional currencies or other virtual coins.
The announcement came shortly before U.S. Senator Elizabeth Warren flagged growing risks posed to consumers and financial markets by the cryptocurrency market, according to Reuters.
."We have decided to build a hardware wallet and service to make bitcoin custody more mainstream...," Jesse Dorogusker, head of hardware at Square ... Read more »
In First, Israeli Authorities Seize Digital Wallets Containing Bitcoin and Other Cryptocurrencies Destined for Hamas
The Israeli authorities have issued a seizure order targeting nearly $8 million worth of cryptocurrency holdings controlled by the Islamist terror group Hamas.
The order, signed by Defense Minister Benny Gantz on June 30, stated that the assets would be used to “perpetrate a severe terror crime.” Israel’s National Bureau for Counter Terror Financing (NBCTF) published extensive details of the Hamas crypto assets, including the names, ages and Palestinian Authority ID numbers for seven individuals who hold the crypto wallets containing the currencies, along with the various coins transacted.
Bitcoin holdings account for just under half of the Hamas crypto assets targeted by the Israeli seizure order.
... Read more »
In the chart below, BTC’s price fell to as low as 31,000, but with less volume than the previous nosedives, which is a positive signal and can indicate early signs of supply exhaustion. The price then rallies back up to continue the trading range.
Phase C – Spring and Test
Usually, the traders will briefly drive prices below the trading range and send them back up as they start buying substantial supply amounts.
During the Spring, the price falls, but not as much as the Selling Climax (phase A). More importantly, volume spikes, showing that large players are heavily accumulating and absorbing supply.... Read more »
Bitcoin made a lot of noise in 2020 as it was one of the best assets for investors to own. Lately, though, Bitcoin and the cryptocurrency industry as a whole have lost a lot of momentum. This has many investors wondering when Bitcoin will rally again.
To understand when it could rally, we need to understand why it rallied. And there are several reasons why Bitcoin, along with the entire cryptocurrency industry, rallied throughout 2020 and into 2021.
Part of the reason was down to all the currency that central banks created over the last year. That, combined with the improving technology of these cryptocurrencies, led to a massive revolution.
Even factors such as Elon Musk’s continuous tweeting helped give it mo ... Read more »
After Elon Musk posted his tweet to join the line of celebrities who support Britney Spears in her case against conservatorship, as was covered by U.Today previously, he received a comment from Twitter user @Crypt0men.
Musk “singing” in a falsetto-voice
The centibillionaire has clearly enjoyed this joke and posted two “rofl” emojis in response.
These days, Elon Musk prefers to post memes about Dogecoin only and pump this meme-token on his Twitter page.
Chinese crypto news outlet 8BTC has offered a co ... Read more »