Bitcoin

Bitcoin Corrects 5 percent Below $53,000 Despite Fidelity Filing for Bitcoin ETF

March 25th, 2021

The world’s largest cryptocurrency is currently under pressure as the BTC price tanked 5% from Wednesday’s levels of around $57,000. This has pushed the BTC price sub $53,000 as the cryptocurrency’s valuations drop below $1 trillion. Interestingly, the recent BTC price correction comes despite financial giant Fidelity Investments applied for a Bitcoin ETF late Wednesday,…

Crypto Exchange FTX on the Verge of Winning Naming Rights for the Miami Heat’s Arena

March 24th, 2021

Samuel Bankman-Fried’s FTX crypto exchange is reportedly one vote away from winning a naming-rights deal for the arena of the NBA’s Miami Heat. The deal, which is believed to be worth $135 million, is set to be approved on March 26 by the Miami-Dade County Commission. Miami-Dade to Get $5 Million a Year According to…

JP Morgan Boss ‘Not Happy’ as Capital Positions Exemption for Big Banks Ends

March 23rd, 2021

On March 19, 2021, the U.S. Federal Reserve Board published a press release that detailed the temporary supplementary leverage ratio easements will be expiring as scheduled. U.S. banks will no longer have the relaxed capital requirements they once held since the onset of the Covid-19 outbreak. Despite Wall Street’s Protest Federal Regulators Deny SLR Extension…

The Wisemining Sato Boiler- A Product That Aims to Heat Your Home and Offset Costs by Mining Bitcoin

March 19th, 2021

In just over two weeks, a company called Wisemining plans to launch a new product called Sato, a boiler that can provide heat to a home by leveraging ASIC mining rigs for heat production. It also means that the heater provides revenue in the form of cryptocurrency, which offsets the costs of heating a home…

Bitcoin poised for breakout to $65,000

March 19th, 2021

Bitcoin has embraced higher support despite the seller congestion at $60,000. Declines have been halted at $56,000, leaving the major support at $54,000 untouched. At the time of writing, BTC is trading slightly under $58,000 amid a renewed bullish momentum. The immediate downside has been protected by the 50 Simple Moving Average (SMA) on the…

South Korean Tax Agency Identifies Over 2,400 Evaders Who Used Cryptocurrencies to Bypass Taxation

March 17th, 2021

South Korean authorities seem to be focusing on strengthening measures to combat tax evasion across the nation. The country’s tax watchdog profiled thousands of evaders that relied on cryptocurrencies to hide assets worth billions of Korean won. Evaders Hid a Total of $32.24 Million in Assets Per the Korea Herald, the National Tax Service of…

The Crypto Data firms Spar Over Whale Deposits and BTC Flash Crash

March 16th, 2021

Bitcoin price reached a new ATH of $61,833 this Sunday after month-long consolidation under $50K. However, the price registered a sharp 10% correction on Monday retracing to a $55K support level, which later led to top crypto data analytical firms Glassnode and CryptoQuant spar over the reason behind the recent slump. CryptoQuant data suggest that…

Bitcoin Price Prediction: BTC freefall unstoppable, eyes $50,000

March 16th, 2021

Bitcoin lifted to new all-time highs above $60,000 over the weekend. The real break saw the flagship cryptocurrency hit a barrier at $61,775, but the downside was protected at around $60,000. However, a massive correction was posted on Monday, throwing BTC out of balance. The bellwether cryptocurrency tumbled under $60,000 amid the volatility caused by…

Bitcoin Forming the First Local Top Suggests Any Dip Is A Buying Opportunity

March 15th, 2021

On late Saturday, March 13, Bitcoin (BTC) topped its all-time high above $61,500 levels thereby entering the price discovery zone. However, it has registered partial retracement but is still holding above $60K strongly. At press time, BTC is trading at a price of $60,326 with a market cap of $1.123 trillion. Looking at Bitcoin’s historical…

Bitcoin Price Reaches $60k; Max Keiser Predicts Next Target $77,000

March 13th, 2021

After a brief period of consolidation, Bitcoin’s price today finally breached its previous all-time high of $58, 350 and moved past the $60,000 mark. Bitcoin analyst Max Keiser has predicted the next short target as $77,000. Analysts are contributing this rise in price to large negative bitcoin price premium difference at coinbase & binance suggesting…