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“# Traders say there aren’t many reasons to be bearish on Bitcoin ” Bitcoin hit just shy of $50,000 in the past 24 hours, following news earlier this week that Tesla had purchased $1.5 billion worth of the asset. Despite Bitcoin (BTC) rising more than 100% past its 2017 high near $20,000 over the course of the past…
“# Price analysis 2/12: BTC, ETH, ADA, XRP, DOT, BNB, LTC, LINK, XLM, BCH ” Financial regulators across the world finally seem to be warming up to the idea that cryptocurrencies can trade in tandem with stock markets and also in exchange-traded funds (ETF). On Feb. 11, Canada’s Ontario Securities Commission approved the proposal of…
“# Bitcoin price enters consolidation, but is a rally past $50K now inevitable? ” The price of Bitcoin (BTC) achieved a new all-time high on Feb. 11 as it surpassed $48,500 across major exchanges. Since then, the dominant cryptocurrency has been consolidating, showing no real momentum to break out of the record-high in the near…
“#Jay-Z, Jack Dorsey launch fund to help develop bitcoin” Rapper Jay-Z and tech mogul Jack Dorsey are launching a roughly $24 million fund to help develop bitcoin. The Brooklyn-born artist and the Twitter CEO are putting 500 bitcoin into an endowment called “₿trust,” Dorsey announced Friday. The fund’s mission is to make bitcoin “the internet’s…
“# A new trend? Non-crypto CEOs and celebrities embrace Bitcoin on Twitter ” A growing number of business leaders and celebrities — e.g., Elon Musk, Jack Dorsey, Alex Ohanian and, most recently, Ricardo Salinas — have added the Bitcoin hashtag to their Twitter biographies. It hasn’t gone unnoticed. When Elon Musk added #Bitcoin to his…
“# JPMorgan will get into Bitcoin ‘at some point’, says co-president ” Major U.S. investment bank JPMorgan Chase will eventually have to get involved in Bitcoin (BTC), co-president Daniel Pinto believes. The executive told CNBC Friday that JPMorgan’s decision to introduce Bitcoin services would depend on the client demand to trade Bitcoin. Although the current…
“# Beyond Bitcoin? Little known project jumps 116% on €2.75M EU ‘new money’ grant ” A little-known blockchain project more than doubled in value overnight following the announcement of its involvement in a European Union digital economy research program. The spot price for the Ethereum-based Streamr (DATA) token increased 116% leading into Feb. 12, after it…
“# T-Mobile sued by victim who lost $450K in Bitcoin in SIM swap attack ” Telecoms provider T-Mobile has become the latest corporate name to come under fire for its alleged negligence and failure to protect customer information, which indirectly enabled a “SIM swap attack” that led to the successful theft of $450,000, or 15…
“# Cointelegraph Consulting: BTC whales buying big as retail goes bullish ” The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly newsletter, indicate that the total amount of BTC held by addresses with 100+ Bitcoin has seen a particularly strong uptick since the news of Tesla investing $1.5billion in BTC, growing by an additional…
“# Kyrgyzstan central bank plans to introduce licenses for crypto exchanges ” The National Bank of the Kyrgyz Republic, or NBKR, is reportedly planning to introduce a licensing regime for cryptocurrency exchanges in a move to protect local investors. NBKR chairman Tolkunbek Abdygulov announced that the country’s central bank is planning to start regulating exchange…