Bitcoin Cryptocurrency News

A Technical Cross That Sent Bitcoin 60% Lower Is Close to Forming

Save for the rejection at $9,500, Bitcoin has held up rather well on a macro scale over the past few days. As of the time of this article’s writing, the leading cryptocurrency sits at $9,200, holding the support in the $8,500-9,000 region. Unfortunately for bulls, BTC is purportedly forming a signal last seen before the asset Read more…

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Bitcoin Cryptocurrency News

U.S. Treasury Bonds Are Still on Track to Go Negative in Boost to Bitcoin

The Great Recession of 2008 spawned two things: Bitcoin and increasingly lower negative interest rates. To spur economic growth and ensure the stability of the macroeconomy, central banks around the world have been increasingly lowering their policy interest rates. In Japan and in much of Europe, interest rates are negative, meaning that banks get paid Read more…

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Cryptocurrency News Ethereum

China: $15 million Ethereum scam ends in Ferrari showdown

A scam involving fake crypto exchange tokens, fast sports-cars, and mansions had all the ingredients of a Hollywood thriller—minus the bad guys going scot-free in the end. This week, authorities in China busted a local scheme perpetuated by college kids looking to make a quick buck; with the latter ending up making millions in the Read more…

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Altcoin Cryptocurrency News

Bitcoin Analyst Shares 4 Reasons Why the Altcoin “Party” Will End Soon

It’s been an explosive week for the altcoin market, but not for Bitcoin. As Bitcoinist has extensively covered over recent days, a number of altcoins have surged higher. This list includes Dogecoin (DOGE), Chainlink (LINK), Synthetix (SNX), Cardano (ADA), and VeChain (VET). BTC vs. altcoins Tron, Ethereum, Cardano, and Crypto.com since the start of 2020. Read more…

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Bitcoin Cryptocurrency News

Why This Finance Author Advocates Bitcoin Over Gold and Real Estate

The global financial market is experiencing the greatest shakeup in nearly a century. Amidst the shuffle, one well-known finance author is advocating Bitcoin over other hard assets like gold and real estate. But why? Rich Dad, Poor Dad Author Urges Investors Toward Hard Assets Author Robert Kiyosaki is better known as Rich Dad, Poor Dad, Read more…

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Bitcoin Cryptocurrency News

S&P 500 To Hit 4,000 In 12 Months, Veteran Strategist Predicts: Bullish For Bitcoin?

Veteran market strategist Jeff Saut recently made a bold prediction that the S&P 500 index will skyrocket in the upcoming year to over 4,000. Having in mind Bitcoin’s increased correlation with the prominent US index, such a surge could be considerably beneficial for BTC’s price as well. Saut: The S&P 500 Above 4,000 Within A Read more…

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Cryptocurrency News

China: Chainlink-adoptee national blockchain project goes live; 135 public nodes running

The Zhejiang district in China has laid the foundation for the Blockchain Service Network, (BSN) the country’s ambitious nationwide blockchain project, as per local reports this week. For starters; 135 public nodes are reportedly active in the province — affirming to China’s broader Five-Year-Plan that heavily features blockchain technology. Chainlink oracles form a major part Read more…

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Cryptocurrency News DeFi Ethereum

Ethereum DeFi: Aave Google Searches Explode, But Not For Why You Think

The sudden rise of decentralized finance (DeFi) applications in 2020 has rearranged the cryptocurrency landscape. In a little over two years, a combined sum of $2 billion has made its way into various DeFi protocols, while giving birth to the “yield mining” meme in the meantime. With this in mind, it perhaps shouldn’t be a Read more…

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Cryptocurrency News

Ethereum “Builds the Bases” for a Parabolic Move; Here’s What Could Stop It

Ethereum has incurred a sharp upswing over the past day, significantly outperforming Bitcoin and most of its peers The token’s ongoing upswing came about after buyers defended against a dip below its crucial support at $220 yesterday This movement has allowed ETH to recapture its position within its multi-month trading range Analysts are noting that Read more…

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Bitcoin Cryptocurrency News

Bloomberg Researchers Bullish on Bitcoin, Demand Points To $12,000

A new 2020 crypto outlook report from Bloomberg has been released, revealing just how bullish the company’s analysts are on Bitcoin.  The report puts a spotlight on the first-ever cryptocurrency’s digital scarcity and suggests that the current active addresses point to prices closer to $12,000 in the short term. First-Ever Cryptocurrency Matures Into Digital Gold Read more…