Bitcoin price started a short-term downside correction from the USD 52,750 all-time high. BTC declined below USD 52,000 and USD 51,500. However, the bulls were active and the price is currently (05:00 UTC) trading well above the USD 50,500 support zone. Besides, there were mostly positive moves in most major altcoins. ETH/USD climbed above USD…
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Elon Musk. Having some bitcoin (BTC), "which is simply a less dumb form of liquidity than cash," is adventurous enough for an S&P 500 company, Tesla’s Elon Musk said today. He was responding to comments by Binance CEO Changpeng Zhao who told Bloomberg TV that he is surprised that "Elon’s so gung-ho on Dogecoin." "I’m…
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A new report has linked a spike in the creation of new bank accounts in South Korea to a rise in crypto trading – an indication that a large influx of new traders in the East Asian nation has taken up crypto in 2021. In 2018, Seoul created a set of guidelines that requires crypto…
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Jeffrey Gundlach. Source: A video screenshot, Youtube/Real Vision Finance DoubleLine Capital LP chief Jeffrey Gundlach, known as the Bond King, now says that bitcoin (BTC) "maybe The Stimulus Asset" after claiming last October that it is "a lie." (Updated at 15:01 UTC with a comment from Anthony Pompliano and a video.) "I am a long…
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The GameStop (GME) saga is set to take another twist as a trader prepares to tell the American House of Representatives that social media has allowed retail traders to leveling the playing field with their bitter Wall Street rivals, a strategy that is also coming good for thousands of crypto investors in the locked-down world…
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Source: Adobe/SPICA-VEGA PHOTO ART As bitcoin’s (BTC) skyrocketing prices continue to whet the appetites of companies from different backgrounds, tea and baked goods retailer Urban Tea is the latest example of a Chinese non-crypto business expanding into crypto mining and blockchain with the appointment of new leadership to pilot its efforts. The surge in interest…
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Bitcoin price remained in a strong uptrend above the USD 50,000 resistance. BTC extended its rise above USD 52,000 and traded as high as USD 52,750. It is currently (05:00 UTC) correcting gains, but dips might be limited below USD 51,000. Similarly, there were strong bullish moves in most major altcoins. ETH/USD surpassed the main…
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Source: Adobe/profit_image Cybercrooks are slowly turning their backs on crime because they are finding it is more profitable to mine crypto, according to research from Kaspersky Labs. Per Kommersant, the Russian software giant said that distributed denial-of-service (DDoS) attacks in the final quarter of the 2020 financial year were actually up on the previous quarter’s…
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Software giant Microsoft has no imminent plans to invest its corporate assets in bitcoin (BTC) despite the recent surge in similar investments, according to Brad Smith, the company’s president. “I haven’t heard any new conversation about bitcoin, but let me just say: if we change our investment policy on bitcoin, Julia, you’ll be the first,…
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MicroStrategy’s CEO Michael Saylor. Source: a screenshot, Youtube/Swan Signal – A Bitcoin Channel One of the most bullish non-crypto companies, US-based software developer MicroStrategy just increased its initial plan to once again borrow up to USD 690m and spend it on bitcoin (BTC) to over USD 1bn. This time – for free. (Updated at 13:39…
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