Bitcoin

Bitcoin Funding Rates Hit Peak Amid Surge Above $60K, What’s Next?

April 10th, 2021

Bitcoin price today broke out of its long consolidation phase between $58K- $60K to register a new monthly high of $61,276. The price has retraced back to $60,300 at the time of writing as funding rates have started to skyrocket. Rising funding rates are considered bullish as it becomes more costly to long a Bitcoin…

VC Backed Billion-Dollar Stablecoin Project Fei Protocol Falls Below the USD Peg

April 8th, 2021

The new decentralized finance (defi) stablecoin project called Fei had some issues this week after the 1:1 USD pegged token dropped well below its targeted $1 value. The Fei project was supposed to be similar to Maker DAO’s algorithmic DAI stablecoin and it was backed by major venture capital firms. Fei Protocol Market Price Drops…

The Ledger Solution Is Your Secure Gateway to All Crypto Services

April 8th, 2021

Everyone already knows that a hardware wallet is critical to protect your digital assets, but did you know that Ledger offers much more than that? By combining the hardware wallet with the Ledger Live app you can buy, sell, lend, swap, and stake multiple cryptocurrencies – all in one place. Access the Full Ledger Solution…

Bitcoin crucial technical pattern could soon bolster the price to $64,000

April 7th, 2021

Bitcoin has for over a week now been stuck under $60,000. However, the downside has also been protected by a critical technical pattern molded on the four-hour chart. Additionally, the Simple Moving Average (SMA) has significantly contributed to making the required support area robust enough. At the time of writing, Bitcoin trades at $57,835, shortly…

North Korean Hackers Threatened Bithumb Exchange With a $16M Ransom Amid the 2017 Data Breach, Says Report

April 7th, 2021

A new report commissioned by the U.S. secret services unveiled what happened behind the attack launched by North Korean hackers against a South Korean crypto exchange. The case is about a breach on June 29, 2017, which exposed data tied to over 30,000 customers stemming from Bithumb. Hackers Threatened to ‘Destroy’ Data and Cryptos Stolen…

NBA Team Sacramento Kings to Offer Players the Option of Getting Salary Paid in Bitcoin

April 6th, 2021

The Sacramento Kings, an American professional basketball team, will offer everyone in its organization the option of getting their salary paid in bitcoin. This includes all players, according to the NBA team’s chairman, Vivek Ranadivé. The Sacramento Kings to Offer Salaries in Bitcoin The Sacramento Kings team chairman Vivek Ranadivé reportedly said on Clubhouse on…

As Bitcoin Approaches $59K, Buy Calls Hit 3-Week High

April 6th, 2021

The overall cryptocurrency market cap has reached $2 trillion as Bitcoin continues to show strength making a move to $59K levels. Although, Bitcoin faces strong resistance at $60K its volatility has reduced as the BTC price is limiting its movement between $57K-$59K. With this happening, Bitcoin’s on-chain metrics show that its fundamentals continue to improve…

British Authorities Take Down Dark Web Ecstasy Gang, Seize $5.8M in Drugs

April 6th, 2021

The string of dark web gangs being cracked down by law enforcement is still alive across the world. Recently, the British authorities dismantled an unnamed dark web band known for selling ecstasy and gathering millions of dollars worth of crypto. Gang Sold Ecstasy, Amphetamine, and Diazepam in Several Darknet Forums According to The Independent, the…

Financial Guru Dave Ramsey Advises What to Do With Bitcoin Investments

April 4th, 2021

Personal finance expert Dave Ramsey has given some advice on what to do with bitcoin investments. While acknowledging that the cryptocurrency has had a “fabulous” run, Ramsey still prefers putting his money in more “proven” investments. Dave Ramsey Still Not a Fan of Bitcoin Famous radio show host and best-selling author Dave Ramsey gave some…

On-chain Data Suggests No More Selling By Bitcoin Miners

April 4th, 2021

The ongoing bull run in the global cryptocurrency market has re-emphasized the hidden potentials of several digital assets including Bitcoin (BTC) and as such, miners are not looking to let any bits of the asset slip away anymore. On-chain data from Glassnode has revealed a new shift in the behavior of Bitcoin miners as the…