Bitcoin

Bitcoin Price Stability Holds As Altcoins Signal “Range Dump” After Rally

July 21st, 2020

Bitcoin price stability has been impressive over the last week. For some people, the stability is commendable but for others it has reduced the speculative nature of Bitcoin, making it more or less like a stablecoin. On the other hand, altcoins have done exceptionally well in the last few weeks, presenting to investors alternative investment…

How This Technical Setup Could Blast Bitcoin Price To $11,000?

July 17th, 2020

After a period of holding above $9,200, Bitcoin dropped on Thursday to test support at $9,000. This time, buyers were keen on averting losses into the $8,000’s range. BTC/USD made a shallow bounced upwards, stepping above $9,100. However, the largest digital asset is trading at $9,130 following increased selling activity towards $9,200. In spite of…

Bitcoin Investors Unfazed By Great Twitter Hack, as Volatility Remains Stable

July 17th, 2020

Bitcoin traders seem unfazed by the massive Twitter hack on Wednesday, as the price of the top cryptocurrency has largely remained steady. Prominent U.S. figures including billionaires Bill Gates, Elon Musk, and Jeff Bezos were targeted by hackers in an apparent Twitter bitcoin (BTC) scam. The official accounts of former president Barack Obama as well…

South African Bitcoin Investment Company Pushes Back Against Texas Scam Allegations

July 16th, 2020

Mirror Trading International (MTI), a South African bitcoin investment company at the center of a cease and desist order issued by the Texas State Securities Board (TSSB), is pushing back allegations that it is running a Ponzi scheme or a scam. MTI CEO Johann Steynberg issued a statement assuaging MTI members that the organization is…

Massive Twitter Attack: Apple, Joe Biden, Elon Musk, Bill Gates, Jeff Bezos, Uber Tweet Bitcoin Giveaway Scam

July 16th, 2020

A massive attack hit crypto Twitter on Wednesday as many prominent accounts began tweeting about a bitcoin giveaway. Soon it was apparent that the breach was much more serious when major corporations and famous people tweeted that they will double your bitcoin, including Apple, Google, Joe Biden, Elon Musk, Bill Gates, Jeff Bezos, Kanye West,…

Bitcoin Price Analysis: BTC/USD In Repeat Mode Until Breakdown To $7,200 After Testing $8,500

July 16th, 2020

Bitcoin price is in a lull or rather a deep slumber where almost no action is taking place. However, when you take a closer look at the daily chart using the 50-day Exponential Moving Average (EMA), the price has been bouncing off the 50 EMA repeatedly. In this case, the moving average is the support…

Survey: 60% of Bitcoin Investors Will Die With Their BTC If Price Stays Below $10,000

July 15th, 2020

About 60% of bitcoin investors are willing to hold their coins until they die if the price fails to breach the key $10,000 level. Now that’s according to a Twitter poll by Peter Schiff. The gold-bug asked bitcoin ‘hodlers’: “How much longer does the price of #Bitcoin have to stay below $10,000 before you will…

Bitcoin Price Rally To $9,600 Still Imminent As Hash Rate Hits New All-time High In July

July 14th, 2020

Bitcoin price remains unchanged for the second day of trading this week. The stagnation has been its cup of tea for a few weeks now. However, the hash rate parameter of the Bitcoin network continues to rise. In other words, hash rate is the level of computational power dedicated to mine Bitcoin. As per the…

Fidelity Acquires 10 percent Stake in Bitcoin Mining Firm Hut 8

July 14th, 2020

The giant fund manager Fidelity International holds roughly 10.6% stake in the bitcoin mining company Hut 8. For six years now, Fidelity, the firm that currently manages $300 billion on behalf of its customers, has been mining the cryptocurrency bitcoin. In May 2017, news.Bitcoin.com reported on Fidelity integrating with Coinbase, mining bitcoin, and even accepting…

Shariah Council Permits Cryptocurrency Investing and Trading

July 10th, 2020

The Shariah Advisory Council of Malaysia’s securities commission has advised that it is permissible to invest and trade cryptocurrencies on registered crypto exchanges. About 60% of the country’s population are Muslims, many of whom have been reluctant to trade crypto in fear that it might not be Sharia-compliant. Shariah-Compliant Crypto Trading The Shariah Advisory Council…