The Atlanta-based cryptocurrency payment processing company Bitpay is now getting involved with payroll services. The firm announced the launch of Bitpay Send, a mass payout service that enables organizations of all sizes to pay employees, affiliates, and freelance contractors.

Bitcoin and cryptocurrency payment services provider Bitpay has announced the launch of a new product called Bitpay Send. The new platform is called a mass payout service and it aims to help employers and other types of organizations pay workers in crypto.

In addition to the Bitpay Send launch, the firm also detailed that the company Adgate Media now leverages the mass payout system. Adgate connects with digital advertiser affiliates th ... Read more »

Category: News | Views: 29 | Added by: danyagames2007 | Date: 14.11.2020 | Comments (0)

Bitcoin Bull Michael Novogratz’s company, Galaxy Digital, has acquired two cryptocurrency firms in preparation to meet a “bigger wave of institutional demand” for bitcoin.

Big Wave of Institutional Demand for Bitcoin Incoming

Galaxy Digital Holdings announced Friday that it has acquired two cryptocurrency trading firms: Drawbridge Lending and Blue Fire Capital.

New York City-headquartered crypto financial services and investment management company Galaxy Digital provides trading, asset management, and investment banking services.

“Institutional investors and corporates are becoming more knowledgeable and comfortable with digital assets and t ... Read more »

Category: News | Views: 34 | Added by: danyagames2007 | Date: 14.11.2020 | Comments (0)

Bitcoin is often called digital gold, much to the dismay of gold bugs like Peter Schiff. Unfortunately for boomers like Schiff, millennials like his son Spencer, are increasingly opting for the cryptocurrency instead.

Schiff even recently slammed his son publicly on Twitter, insulting his purchase of BTC, and calling his investing ability into question compared to his own over 30 years experience. Two months later, Spencer Schiff’s investment into crypto is now worth 60% more, while the more experienced investor’s call would have resulted in a 2% loss.

Spencer Schiff Buys The Bitcoin Dip At $10,000 In September, Up 60% Since

Peter Schiff is about as outspoken as it gets about all things finance, but the s ... Read more »

Category: Analytics | Views: 21 | Added by: danyagames2007 | Date: 14.11.2020 | Comments (0)

After a rally in long-standing DeFi blue chips, newer tokens have begun to surge. SushiSwap’s SUSHI token is up 30% in the past 24 hours alone, making it the top-performing crypto-asset in the top 100 by market capitalization.

This rally comes amid strong technical upgrades for the cryptocurrency, along with positive technical trends.

SUSHI Surges 30%

SUSHI’s 30% rally in the past 24 hours comes as Uniswap’s UNI coin has also gained around 25-30% over that same time frame. An analyst suggests that the two coins are somewhat correlated:

“Never realized how correlated $SUSHI and $UNI were, even if that makes some sense. Both flipped H4 100 MA (be ... Read more »

Category: News | Views: 25 | Added by: danyagames2007 | Date: 14.11.2020 | Comments (0)

The largest bank in Belarus, Belarusbank, has reportedly begun providing a cryptocurrency exchange service, allowing customers to buy bitcoin using Visa cards.

Belarusbank’s new cryptocurrency exchange service is in collaboration with bitcoin exchange service provider Whitebird, several local news outlets reported Thursday. The bank revealed its plans to create a cryptocurrency exchange platform early last year.

Founded in 1991, Belarusbank merged with Sberbank of Belarus in 1995. The government of Belarus owns 99.95% of the bank’s capital. In 2018, the bank entered into a strategic partnership with Whitebird, a resident of Belarus’ Hi-Tech Park, which is also known as the Silicon Valley of E ... Read more »

Category: News | Views: 35 | Added by: danyagames2007 | Date: 14.11.2020 | Comments (0)

Hedge fund manager Brian Kelly says the surging number of institutional investors owning bitcoin is down to the digital currency’s core value proposition- a fixed coin supply. On the other hand, the same institutional investor interest is helping to build confidence in the top cryptocurrency while taking away some of the perceived risks.

Bitcoin Value Proposition

Kelly’s comments follow reports that the European Central Bank (ECB) wants to issue its own digital currency. Speaking in an interview, Kelly, who is the founder of BK Asset Management, dismisses the notion that a central bank-issued digital currency poses a threat to bitcoin.

Noting that China and the ... Read more »

Category: Analytics | Views: 35 | Added by: danyagames2007 | Date: 14.11.2020 | Comments (0)

Despite the weekend, the price of Bitcoin has seen volatility within the past 12 hours as stacked sell orders at $16,500 likely caused the drop.

The price of Bitcoin (BTC) has seen volatility within the past 12 hours. The top cryptocurrency fell from $16,400 to $15,750 within hours, rejecting sharply after surpassing the $16,000 resistance earlier this week.

As of Nov. 14, the 20-day moving average of Bitcoin on the daily chart is at $14,600. In the near term, if a pullback occurs, the $14.6K level remains a favorable area for buyers.

An algorithmic trader known as “CryptoGainz” explained that the current market structure of Bitcoin likely caused a sell-off to occur. The trader pinpointed the abundance of s ... Read more »

Category: Analytics | Views: 34 | Added by: danyagames2007 | Date: 14.11.2020 | Comments (0)

China has a lot of advantages in the Bitcoin mining industry, though it won’t last forever, as more countries are entering the space.

If you talk about Bitcoin (BTC) mining, you have to talk about China. China has become a giant in the Bitcoin mining ecosystem with major mines and pools, quick, cheap labor and a majority control of the world’s hashing power. So, should you go set up a mining operation there? Do the pros outweigh the cons? Is China actually a threat to the Bitcoin ecosystem? Let’s look at the state of Chinese mining.

Back to the basics

In the beginning of Bitcoin, you could simply mine from your laptop or set up a few miners in your home to run the hashing algorithm. But as more mine ... Read more »

Category: News | Views: 37 | Added by: danyagames2007 | Date: 14.11.2020 | Comments (0)

Data shows Bitcoin whales and institutions are behind the current rally, a signal that the next bull market may be stronger than the one seen in 2017.


Data shows that institutions heavily accumulated Bitcoin in the $12,000–$15,000 range, and according to analysts at Whalemap, this is a positive trend because institutions and whales typically accumulate assets with a longer-term investment strategy in mind.

The fact that larger hands are accumulating BTC instead of retail investors also explains the somewhat suppressed mainstream interest in Bitcoin, as Cointelegraph previously reported. Various metrics, including Google Trends, have shown lackluster mainstream demand for BTC despite its parabolic rally in recent m ... Read more »

Category: Analytics | Views: 35 | Added by: danyagames2007 | Date: 14.11.2020 | Comments (0)

Bitcoin has undergone a strong rally over the past few weeks, pushing as high as $16,500. Analysts are starting to fear that a correction is due, though.

One crypto-asset analyst recently shared a fractal showing that the cryptocurrency is trading in a remarkably similar way to how it did during the 2017 highs at $20,000. This fractal analysis predicts that a drop to $14,000 will take place in the weeks ahead.

This Fractal Predicts a Bitcoin Correction Is Due

The crypto-asset analyst that predicted Bitcoin would drop to $9,800 in September is now suggesting that another retracement might be due.

The chart shows that Bitcoin’s recent price action looks extremely similar to how it looked at the $20,000 al ... Read more »

Category: Analytics | Views: 25 | Added by: danyagames2007 | Date: 14.11.2020 | Comments (0)

Hedge fund manager Brian Kelly says the surging number of institutional investors owning bitcoin is down to the digital currency’s core value proposition- a fixed coin supply. On the other hand, the same institutional investor interest is helping to build confidence in the top cryptocurrency while taking away some of the perceived risks.

Bitcoin Value Proposition

Kelly’s comments follow reports that the European Central Bank (ECB) wants to issue its own digital currency. Speaking in an interview, Kelly, who is the founder of BK Asset Management, dismisses the notion that a central bank-issued digital currency poses a threat to bitcoin.

Noting that China and the U.S. have similar plans, Ke ... Read more »

Category: News | Views: 10 | Added by: 4zvezda | Date: 14.11.2020 | Comments (0)