The web portal bitcointreasuries.org now shows close to two dozen firms with a large number of bitcoin reserves. Currently, the aggregate total bitcoin held in reserves by the 23 companies listed is roughly 785,999 BTC worth well over $10 billion dollars.

This past August the billion-dollar firm Microstrategy announced it purchased 21,454 BTC for around $250 million. Then the Nasdaq listed company bought another 16,796 BTC and Microstrategy raised its reserve status to 38,250 bitcoins.

Following Microstrategy’s lead during the first week of October, the firm Square Inc. revealed it purchased 4,709 bitcoins for its treasury reserves. Since these two companies made the announcements it sparked the creation ... Read more »

Category: News | Views: 52 | Added by: 4zvezda | Date: 23.10.2020 | Comments (0)

The price of bitcoin touched new highs in 2020 and a number of supporters are optimistic that the crypto asset’s value will drive higher. In addition to this year’s bitcoin price high, around eight different countries have seen bitcoin touch all-time highs (ATH) in their local currency. The bitcoin ATHs in these countries show how rampant inflation has ravaged these currencies a great deal during the last year.

2020 has been a hard year as far as the global economy is concerned, and the nation state’s responses to the coronavirus made things a lot worse. Cryptocurrency markets dropped significantly in mid-March following the ‘Black Thursday’ market rout, but have come back in a big way si ... Read more »

Category: News | Views: 41 | Added by: 4zvezda | Date: 23.10.2020 | Comments (0)

Bitcoin has seen an absurd bout of price action over the past few days. The leading cryptocurrency, after falling to $11,200 last week, surged as high as $13,250 on leading exchanges on Wednesday. The coin has since whipsawed since hitting those highs, dropping and rallying by hundreds of dollars below that high as investors gauge the direction of BTC.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

Bitcoin Faces Down a Pivotal Resistance Level

Bitcoin is facing down a pivotal resistance level after the aforementioned price surge.

One crypto-asset analyst, the head of technical analysis at crypto research firm Blockfyre, shared the chart seen bel ... Read more »

Category: News | Views: 36 | Added by: danyagames2007 | Date: 23.10.2020 | Comments (0)

Bitcoin has wholly sidelined its widely-covered correlation with the US stock market.

On Thursday, the benchmark cryptocurrency sustained its weekly gains as its price surged by more than 1 percent. The move briefly pushed the price above $13,000 before a modest pullback turned it back below the level. But overall, the bias appeared extremely bullish for Bitcoin.

Bitcoin retests $13,000-resistance in the latest sign of extended upside momentum. Source: BTCUSD ... Read more »

Category: News | Views: 32 | Added by: danyagames2007 | Date: 23.10.2020 | Comments (0)

Yesterday, Bitcoin experienced a major breakout through $12,000 and in a flash was trading above $13,000. Buying on exchanges is picking up, which is, in turn, driving up prices.

However, a “massive” wave of OTC buying suddenly could also be contributing to the bullish impulse. Here’s how.

Bulls Push BTC To New 2020 High, Is The Post-Halving Bull Run Here?

The first-ever cryptocurrency is trading just below $13,000 after a strong bullish impulse and $1,000 candle took the cryptocurrency charging higher.

News that PayPal would introduce cryptocurrencies to its customers starting immediately and roll out full payment support for merchants in 2021, caused buyers to step in with strength.
... Read more »

Category: News | Views: 43 | Added by: danyagames2007 | Date: 23.10.2020 | Comments (0)

Bitcoin price exploded yesterday, sending altcoins reeling. Today, however, alts have recovered but still haven’t caught up to the top cryptocurrency.

One crypto analyst, comparing past market cycles, believes that altcoins are going to “tank” against Bitcoin, taking them to the maximum point of financial opportunity. After the violent shakeout last time around, altcoins rocketed to all-time highs with few pit stops in the way. Could the same happen again during this cycle?

 Crypto Market Divergence: Bitcoin Blast Off Leaves Altcoins In Wake

The crypto market set fire yesterday when PayPal revealed it would support the emerging asset class. Bitcoin, which has been bullish for months following t ... Read more »

Category: News | Views: 30 | Added by: danyagames2007 | Date: 23.10.2020 | Comments (0)

PayPal has entered the cryptocurrency market, announcing that its customers will be able to buy and sell Bitcoin and other virtual currencies using their PayPal accounts.

Those virtual coins could then be used to buy things from the 26 million sellers which accept PayPal, it said.

PayPal plans to roll out buying options in the US over the next few weeks, with the full rollout due early next year.

Bitcoin prices rose alongside the news, breaking the $12,000 (£9,170) mark.

The other cryptocurrencies to be added first will be Ethereum, Litecoin, and Bitcoin Cash (a spin-off from Bitcoin).

All could be stored "directly within the PayPal digital wallet", the company said.

... Read more »
Category: News | Views: 62 | Added by: 4zvezda | Date: 23.10.2020 | Comments (0)

The CSO of CoinShares thinks that a payments-focused PayPal token could be forthcoming.

Global digital payment giant PayPal might be moving into issuing its own cryptocurrency after officially entering the crypto industry, according to a major industry exec.

Meltem Demirors, CSO at digital asset management firm CoinShares, says that she will not be surprised if PayPal issues its own token after the company broke the news of its soon-to-come support for crypto..

In an Oct. 21 interview with CNBC’s Fast Money, Demirors claimed that PayPal’s supporting crypto could eventually become a basis for launching its own, stating:

“I wouldn’t be surprised if, in the next six to 12 months, we ... Read more »

Category: News | Views: 55 | Added by: 4zvezda | Date: 23.10.2020 | Comments (0)

Bitcoin has undergone a strong surge over recent days, surging from under $12,000 to $13,000 as of this article’s writing. Analysts are starting to expect even more upside as the coin posts candle closes above crucial resistance levels.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

Bitcoin Forms Pivotal Daily Close Amid Price Surge
 

Bitcoin just formed a pivotal daily candle close, analysts say.

One crypto-asset analyst that predicted BTC would see a V-shaped reversal after the March crash shared the chart below after the daily candle close just minutes ago as of this article’s writing. It sho ... Read more »

Category: News | Views: 34 | Added by: danyagames2007 | Date: 23.10.2020 | Comments (0)

Bitstamp is replacing its CEO for the first time since the company’s establishment.

Bitstamp, one of the world’s oldest and largest cryptocurrency exchanges, is replacing its CEO for the first time.

Nejc Kodrič, the firm’s CEO who co-founded Bitstamp back in 2011, is stepping down from his position. He will be moving into a new advisory role on the company’s board of directors, Bitstamp executives told Cointelegraph on Oct. 22.

Julian Sawyer, who currently serves as the managing director of the United Kingdom and Europe at major global crypto exchange Gemini, will replace Kodrič, becoming the second CEO in Bitstamp’s history.

The replacement is purportedly a response to the dynamic ... Read more »

Category: News | Views: 30 | Added by: 4zvezda | Date: 23.10.2020 | Comments (0)

A new report has found almost half of all Bitcoin traded on the P2P exchange Paxful is exchanged for gift cards.A new report has found almost half of all Bitcoin traded on the P2P exchange Paxful is exchanged for gift cards.

A report published by Arcane Research has revealed that nearly half of Paxful’s trade volume comes from trade between Bitcoin (BTC) and gift cards.

The report found that, “purchasing Bitcoin with gift cards has been the preferred solution on Paxful each month throughout the five-year span analyzed,” and in June accounted for 48% of Paxful’s volume.

Paxful processes nearly $40 million in weekly trade, which means up to $20M of BTC is exchanged for gift cards every week. Arcan ... Read more »

Category: News | Views: 38 | Added by: 4zvezda | Date: 23.10.2020 | Comments (0)

A new report has found almost half of all Bitcoin traded on the P2P exchange Paxful is exchanged for gift cards.A new report has found almost half of all Bitcoin traded on the P2P exchange Paxful is exchanged for gift cards.

A report published by Arcane Research has revealed that nearly half of Paxful’s trade volume comes from trade between Bitcoin (BTC) and gift cards.

The report found that, “purchasing Bitcoin with gift cards has been the preferred solution on Paxful each month throughout the five-year span analyzed,” and in June accounted for 48% of Paxful’s volume.

Paxful processes nearly $40 million in weekly trade, which means up to $20M of BTC is exchanged for gift cards every week. Arcan ... Read more »

Category: News | Views: 34 | Added by: 4zvezda | Date: 23.10.2020 | Comments (0)

It scores highly among the possible options to counteract inflation.
 

Famed Wall Street investor and billionaire Paul Tudor Jones said that he likes Bitcoin "even more than I did then,” referring to his initial investment announced in May 2020.

Jones praised Bitcoin on CNBC’s Squawk Box morning show, revealing that he holds a “small single-digit investment” in the asset.

His investment thesis remains unchanged — Bitcoin is an excellent hedge against inflation, which is expected to ramp up in the next few years due to central bank intervention. Unprecedented amounts of quantitative easing and balance sheet expansion, in addition to more aggressive commitment to inflation by ... Read more »

Category: News | Views: 45 | Added by: danyagames2007 | Date: 23.10.2020 | Comments (0)

XRP has been severely underperforming Bitcoin and the aggregated crypto market throughout the past few days and weeks, struggling to gain any momentum as its price continues hovering within the mid-$0.20 region.

This underperformance may not last for too much longer, as analysts are now widely noting that it is currently in the process of posting a bullish breakout that could send it significantly higher in the days and weeks ahead.

A few strong resistance levels may slow its ascent and possibly cause it to see further losses in the near-term if bulls are unable to surmount them.

It is important to note that the lack of any real utility – despite its age and many promises from Ripple – could continue hamper ... Read more »

Views: 34 | Added by: danyagames2007 | Date: 23.10.2020 | Comments (0)

Analysts expect a profit-taking pullback in the Bitcoin market after BTC hits $13,000 upon the PayPal news.

The price of Bitcoin (BTC) surpassed $13,000 for the first time since June 2019. The optimism around PayPal supporting crypto purchases led the overall market sentiment to brighten within a short period. Immediately after the PayPal news was reported, the price of Bitcoin increased from $12,300 to $13,200 at the day’s peak. Although the medium-term outlook of the cryptocurrency market remains positive, analysts are not dismissing the likelihood of a pullback.

Bitcoin surged 25.5% within a 13-day span from Oct. 8. Initially, the BTC rally began as profits from altcoins and decentralized finance tokens cycled into BT ... Read more »

Views: 40 | Added by: danyagames2007 | Date: 23.10.2020 | Comments (0)

As Bitcoin briefly surpasses $13,000, its highest price for 2020, market sentiment and fundamentals both favor a prolonged bull market.

Bitcoin price has seen a healthy upward tick toward the $13,000 mark in the fourth quarter. At the start of the quarter, Bitcoin (BTC) was in the sub-$11,000 region, and from there, constant rises took the price to the $13,000 mark on Oct. 21 for the first time this year.

The price rallied to $13,217, a record high for 2020, before falling to around the $12,750 mark. This upward price movement is certainly indicative of the bullish sentiment held by investors in the current market.

Rising hash rate a bullish sign?

The Bitcoin hash rate has also been constantly increasing sinc ... Read more »

Category: News | Views: 33 | Added by: 4zvezda | Date: 23.10.2020 | Comments (0)

The Ethereum network is processing more than double the transaction volume of Bitcoin, and is on-course to process $1 trillion this year.

The third-quarter decentralized finance (DeFi) boom has resulted in the Ethereum (ETH) network processing more than twice the daily transaction volume of Bitcoin (BTC).

According to crypto market data aggregator Messari, the 30-day rolling daily average for Ethereum transaction volume is currently $7 billion, with Bitcoin processing less than $3 billion.

If the current trend continues, Messari predicts Ethereum will become the first public blockchain to settle $1 trillion in transfers over a calendar year.

Ethereum’s previous strongest calendar year relative to Bitcoin ... Read more »

Category: News | Views: 77 | Added by: 4zvezda | Date: 23.10.2020 | Comments (0)

Paul Tudor Jones made headlines earlier this year when he stated in a letter to investors in his fund that Bitcoin is likely going to be the best hedge against inflation in the coming few years.

His belief in Bitcoin’s future at the time was unique, as he was one of the few mainstream macro investors to advocate for the cryptocurrency publicly.

In another interview with CNBC earlier today, Jones explained that he is more bullish now than he was before on the benchmark cryptocurrency. He is now going so far as to equivocate buying BTC to buying Apple or Google in their early days.

Another interesting point made by Jones during the recent interview is regarding the nature of typical hedge investments, which he call ... Read more »

Category: News | Views: 39 | Added by: danyagames2007 | Date: 23.10.2020 | Comments (0)

The asset has overtaken the network’s market cap following an announcement that PayPal intends to integrate crypto.

Since PayPal announced adding Bitcoin (BTC) to its platform, the asset's market cap has exceeded that of PayPal itself. Ironic?

At press time, Bitcoin holds a market cap of $239,877,416,968, just recently surpassing PayPal on AssetDash's list of the largest stocks, ETFs, and crypto assets. Bitcoin now holds the 21st spot on the list, with PayPal right below at $238,578,822,000.

Whenever a company, asset, or otherwise overtakes a rival in valuation, the crypto space loosely refers to the event as a "flippening." In 2017, a number of folks speculated on a potential Ethereum (ETH) fli ... Read more »

Category: News | Views: 45 | Added by: danyagames2007 | Date: 23.10.2020 | Comments (0)