Securities and Exchange Commission (SEC) commissioner Hester Peirce, known fondly in the crypto community as “crypto mom”, speaking at a talk show claims that Bitcoin cannot be banned.

Citing the difficulty in banning something as innovative and decentralized as peer-to-peer (P2P) as a reason, the commissioners who's also a crypto enthusiast says she's hopeful that the new SEC Chairman who understands cryptocurrencies and blockchain technology will make the commission take a new look at Bitcoin exchange-traded funds (ETF) and some of the reasons why it has been rejected in the past.

With the President Biden administration working on new regulatory policies for digital assets, most experts claim that there ... Read more »

Category: News | Views: 133 | Added by: danyagames2007 | Date: 25.04.2021 | Comments (0)

Securities and Exchange Commission (SEC) commissioner Hester Peirce, known fondly in the crypto community as “crypto mom”, speaking at a talk show claims that Bitcoin cannot be banned.

Citing the difficulty in banning something as innovative and decentralized as peer-to-peer (P2P) as a reason, the commissioners who's also a crypto enthusiast says she's hopeful that the new SEC Chairman who understands cryptocurrencies and blockchain technology will make the commission take a new look at Bitcoin exchange-traded funds (ETF) and some of the reasons why it has been rejected in the past.

With the President Biden administration working on new regulatory policies for digital assets, most experts claim that there ... Read more »

Category: News | Views: 93 | Added by: danyagames2007 | Date: 25.04.2021 | Comments (0)

HODLing Bitcoin isn’t for the faint-hearted. Period. One minute the prices are in the red zone, the next the price skyrockets shattering known resistance zones and setting new all-time highs.

If you are among the few lucky people who boarded the Bitcoin bus early, there’s a question that’s always lurking on your mind – should I sell my Bitcoin? This guide will explore the answer to this frequently asked question and more.

Emotions aside, please!

Before we dig deep into the world of selling Bitcoin, it’s important to keep emotions at bay. Most times, one is tempted to sell after a blood bath that shatters every support level out there. So always keep emotions away when making a decision such as should I sell my Bitcoin.

Being level-head ... Read more »

Category: News | Views: 85 | Added by: danyagames2007 | Date: 25.04.2021 | Comments (0)

Some select miners are reminding the community that the Bitcoin block is still very much in need of scaling. As such, they are continuing to push support for the BITCOIN8M campaign. This isn’t the first-time miners are rallying for community support for Bitcoin8M.

Back in February, miners announced the vast potential of the campaign in solving the current scalability problems faced by the blockchain.

Bitcoin8M is a project that encourages the active involvement of miners and stakeholders in increasing the block limit to 8 megabytes, which is expected to significantly lower transaction costs.

Bitcoin Issues
It takes too long to put transactions into a block because of the size limit.
A lot of time is ... Read more »

Category: News | Views: 171 | Added by: danyagames2007 | Date: 25.04.2021 | Comments (0)

Joe Biden, the United States president, is reportedly in the process of proposing a tax law targeted at the wealthiest Americans. The news surfaced at a bad time for cryptocurrency investors who are not exactly in their happiest of moods, and rightfully so.

The top marginal rate will be increased following the implementation of the new proposal and investment gains laying in the bank account of some of the richest Americans will be taxed. Per the reports, Wall Street noticed a massive sell-off, as Bitcoin dropped significantly.

The new tax proposal remains a threat to Bitcoin whales
The plan which the White House terms “the American family plan” will roll out in the coming week, and families earning any les ... Read more »

Category: News | Views: 160 | Added by: danyagames2007 | Date: 25.04.2021 | Comments (0)

The price of a bitcoin has fallen back this week from its record high at $63,000 that it reached on April 13.

Bitcoin is at this writing priced at €40,795 and $48781. But analysts say that the pullback is temporary, and that the original cryptocurrency is headed higher in the coming months.

Timothy Peterson, Global Macro Manager at Cane Island Alternative Advisors, who predicted bitcoin’s meteoric rise this year, sees bitcoin’s price rising steadily, and over 15 to 30 years. He justifies his analysis (“Estimating Bitcoin’s Adoption Curve and Maximum Price” in a paper published in December 2020.

“Bitcoin’s adoption curve follows a path very similar to that of internet ado ... Read more »

Category: News | Views: 133 | Added by: danyagames2007 | Date: 25.04.2021 | Comments (0)

Bitcoin’s price has dwindled significantly in the last 72 hours. Earlier today, the price dropped below $48,000, creating panic and uncertainty as to how low the asset will go before a bounce back.

However, perhaps the most interesting thing about the drop is that Bitcoin has never been so oversold since March last year. The Relative Strength Index (RSI) has dropped as low as 31.93, meaning the asset is greatly undervalued right now.

The RSI is an indicator used to determine if an asset is overbought or oversold. In the case of the former, it means the asset is overvalued and is likely to start dropping. In the latter case, however, it means the asset is undervalued and buyers will likely step in to reverse the price t ... Read more »

Category: News | Views: 122 | Added by: danyagames2007 | Date: 25.04.2021 | Comments (0)

Bitcoin’s price has been declining in the past few days, being almost 20% down during the last week. This saw many people worried if the 2021 bull run is over. One indicator suggests that if history is to repeat itself, the price should continue its upward trajectory following the most recent crash.

Bitcoin saw a serious decline over the past few days as the price lost upwards of $12,000 over the previous week.
This has also seriously shifted the overall sentiment, as indicated by the popular fear and greed index.
For comparison, last week, the market was in a state of “extreme greed,” and now, just seven days later, following the decline, the indicator shows “fear.”
The current state of the market has been reached a few times in the past several months, and each time it happened, the price bounced back shortly after.
Commenting on that was popular cryptocurrency trader and analyst, Bitcoin Master, who said that “if ... Read more »

Category: News | Views: 145 | Added by: danyagames2007 | Date: 25.04.2021 | Comments (0)

SEC Commissioner Hester Peirce believes that the U.S. government cannot ban bitcoin, stating that “it’s very difficult to ban something that’s essentially a peer-to-peer technology.” The commissioner is hopeful that with the new chairman who has deep knowledge of bitcoin and cryptocurrencies, the SEC can take a fresh look at some of the reasons used to reject bitcoin exchange-traded funds (ETFs).

SEC Commissioner Says ‘Very Difficult’ to Ban P2P Technology

Hester Peirce, a commissioner at the U.S. Securities and Exchange Commission (SEC) who is also known in the crypto community as “crypto mom,” was asked whether there is a possibility that the Biden administ ... Read more »

Category: News | Views: 199 | Added by: 4zvezda | Date: 25.04.2021 | Comments (0)

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