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“# As Bitcoin price rises, institutions get down with digital assets ” With Bitcoin (BTC) price sentiment continuing to remain bullish following the uncertainty brought on by the United States presidential election, institutional investors seem to be getting more interested in betting on the markets. In the seven-day period ending on Oct. 27, Grayscale Bitcoin…
“# Cuba’s exploding crypto interest comes amid an absence of regulation ” Cuba is seeing an influx of cryptocurrency activity amid an apparent absence of related regulation in the country, according to senior executives at local crypto firms. In early November, Cuba recorded a major spike in Bitcoin (BTC)-related Google queries, indicating an increase in…
“# Bitcoin price reclaims $15.5K after whales sell the most BTC since March ” The price of Bitcoin (BTC) has reclaimed $15,500 on Nov. 11 after whales sold the highest amount of BTC since March. In the past cycles, the dominant cryptocurrency typically rallied after a sell-off from whales. On March 12, for instance, the…
“# One of the world’s top banks issues bonds that can be bought with Bitcoin ” China Construction Bank has partnered with a Hong Kong-based fintech to issue the first-ever blockchain-based digital security issued by a Chinese financial institution. One of the “Big Four” banks in the People’s Republic of China, CCB is ranked the…
“# Bitcoin fees plummet as mempool clears to zero ” The Bitcoin network mempool shrank to its smallest size since mid-October this week after the network’s hash power soared. The clear mempool meant that that thousands of stuck transactions pending confirmation were included in recent blocks, leaving very few unconfirmed transactions still outstanding. The spike…
“# Sideways Bitcoin price allows DeFi, Ethereum, and altcoins to rally higher ” For the past two days, Bitcoin price has traded within the $14,800 to $15,500 range but the top-digital asset struggled to flip $15,500 to support. A positive is BTC continues to make higher lows and at the time of writing the price…
“# CBS doco on Silk Road throws spotlight on Ross Ulbricht ” Mainstream U.S. media outlet CBS is airing a documentary tonight on the takedown of the Silk Road dark web marketplace. It features an interview with Julia Vie, former girlfriend of Silk Road founder Ross Ulbricht who claims ‘Dread Pirate Roberts’ wasn’t motivated by…
“# Bitcoin whale clusters signal $14.9K is the crucial level for BTC to hold ” New data from Whalemap suggests that in order to maintain bullish momentum Bitcoin price needs to hold above the $14,914 level. Whale clusters, like the bubbles shown on the chart below, form when high-net-worth investors purchase Bitcoin and do not…
“# Bitcoin is peerless thanks to early distribution, CoinMetrics analysts argue ” Thousands of different cryptocurrencies have arisen in the since Bitcoin’s (BTC) 2009 genesis block. Even though newer assets come with different technology and new bells and whistles, Bitcoin still has an upper hand in a key category, according to a November report from crypto…
“# Data show traders neither bullish nor bearish over sub-$15.5K Bitcoin price ” Typically, traders become skeptical after Bitcoin (BTC) “completes” a strong performance like the stellar move from $12,000 to $15,950 seen over the past few weeks. The 35% gain over the past 30 days led some traders to conclude that BTC is over-extended…