BTC BTC Price Index Bitcoin slumped to fresh lows on the week as regulatory fears and clampdown in China saw a further unwind of positions. The price of BTC traded as low as $30k but has bounced to $37,000. However, another big-name investor is long the coin for its anti-dollar and inflationary prospects. Ray Dalio, …
Author archives: Adam Owen
Elon Musk as the Face of Crypto: SpaceX, Saturday Night Live, Dogecoin, and More
Elon Musk has quickly become one of the most famous entrepreneurs to promote Bitcoin and other cryptocurrencies. His endorsement of crypto began with Tesla this year, but several other recent events have also shaped his position on cryptocurrency. Tesla Turns to Bitcoin Alternatives Musk announced on May 12 that Tesla is temporarily suspending Bitcoin payments …
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Bitcoin Rally at Risk After Elon Musk Backtracks, MATIC, KSM, CELO, May. 17
BTC Bitcoin slipped below the $43,000 level on Monday as the 2021 bull market comes under threat. A recent spread of investor flows into altcoins coincided with bearish BTC comments from Tesla founder Elon Musk. BTC Price Index The electric vehicle pioneer has backtracked on his support of crypto payments for electric cars due to …
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Are Bitcoin Hedge Funds on the Rise as an Investment Strategy?
The indisputable rise of Bitcoin has legitimized it in the eyes of big players. The accessible infrastructure has made even large transactions easy, opening the door for hedge fund entry. So far, the returns on the investments have been impressive. However, the Bitcoin community is divided on whether this is a good thing. But what …
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Enterprise Ethereum Alliance Launches EthTrust Security Initiative to Advance Confidence in Ethereum as a Global Settlement Layer for Transactions of All Types
Enterprise Ethereum Alliance Launches EthTrust Security Initiative to Advance Confidence in Ethereum as a Global Settlement Layer for Transactions of All Types The EEA EthTrust Security Levels Working Group Advances Work Initiated by the Ethereum Trust Alliance and Enables Broader Collaboration within the EEA WAKEFIELD, Mass. – November 19, 2020 – The Enterprise Ethereum Alliance (EEA) today announced the formation of the EEA EthTrust Security Levels Working …
Enterprise Ethereum Alliance Presents Ethereum in the Enterprise Asia Pacific 2020
Top Ethereum and Asia Pacific Business Leaders, Technologists, Program Managers, and Industry Experts to Present at Virtual Gathering December 3 and 4, 2020 Tokyo, Japan — November 19, 2020 — The Enterprise Ethereum Alliance (EEA) today announced Ethereum in the Enterprise – Asia Pacific 2020 – a free, two-day virtual event presented by the EEA on December 3 and 4, 2020, running 9:00 a.m. to 2:00 p.m. …
Elon Musk Requests the Dogecoin Community to Submit Development Ideas
Elon Musk has requested the Dogecoin community to submit ideas for the development of DOGE Ideas can be submitted via the r/Dogecoin subreddit or through the @dogecoin_devs Twitter handle When asked why he prefers Dogecoin over other prominent projects, Elon Musk replied that DOGE has dogs and memes Dogecoin continues to defend the $0.32 price …
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Number of Ethereum Addresses Holding 100+ ETH Drops to a 3 Year Low
The number of Ethereum addresses holding 100+ ETH drops to a 3 year low Such a drop is indicative of some ETH investors taking profits However, the premium on Grayscale’s Ethereum Trust has turned positive hinting of institutional interest Ethereum is back above $2k and could eventually return to levels above $3k The number of …
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Bitcoin’s Dip to $30k Marked the Largest Capitulation Event To Date
Bitcoin’s pullback to $30k is now the largest capitulation event to date in terms of realized losses The amount of realized BTC losses exceed those of March 2020, November 2018 and the January 2018 correction Roughly 76% of Bitcoin addresses are still in profits Selling could continue through Bitcoin miners and investors who recently bought …
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Ethereum Exchange Reserves Increase by 5.1% In Less than a Week
Ethereum reserves on crypto exchanges have increased by 5.1% since May 18th Such an inflow of Ethereum hints of selling by investors Ethereum has turned bearish in the short-term Ethereum has lost the $2k support and regaining it will be crucial in returning into bullish territory Ethereum still has the 200-day MA acting as support …
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JPMorgan, Goldman Sachs Initiate Coverage of Coinbase Stock — up to 60% Price Upside
Investment banks JPMorgan and Goldman Sachs have initiated coverage of the Coinbase Global stock. JPMorgan gives Coinbase an overweight rating with a 60% upside potential while Goldman Sachs begins with a buy rating. JPMorgan, Goldman Sachs Now Covering Coinbase Stock A couple of major investment banks initiated coverage of the Coinbase Global stock (NASDAQ: COIN) …
Crypto Proponents Become Skeptical of Closed-Door Meeting Between Billionaires and Bitcoin Miners
After Tesla’s Elon Musk and Microstrategy CEO Micheal Saylor revealed the revelation of a newly created “Bitcoin Mining Council,” the news became a viral subject. While some crypto supporters like the idea, others have been skeptical of a couple of billionaires having closed-door meetings with North American bitcoin miners. Bitcoin Mining Council Brings Back Memories …
Bitcoin Games Launches Live Casino Tournament, One Player to Win $5,000 in BTC
$5,000 top prize for a single player to claim in ‘Winner Takes it All’ live casino tournament! One Week. One Prize. One Winner. Our very own premium crypto casino, Bitcoin Games, will be hosting a week-long Live Casino tournament where one lucky player will be left feeling like royalty as they walk away with a …
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Uganda’s Financial Intelligence Authority Wants Government to Formulate a Crypto Regulatory Framework
Uganda’s Financial Intelligence Authority (FIA) says it wants the country’s Finance Ministry to help formulate a regulatory framework for crypto service providers. According to the FIA, this call for the government’s intervention has prompted by the Ugandan crypto industry’s failure to comply with an earlier plea for industry players to register. Terrorism Concerns Furthermore, in …
5 Reasons the Bitcoin Mining Council is Bullish for Price – Buy BTC Now?
The Bitcoin Mining Council (BMC) has been birthed and it could be good news for crypto. Although we are all getting collectively tired of the Elon Musk crypto show we are where we are – the joker will not be put back in the box, so his tweet revealing the founding of the Bitcoin Mining …
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