Tag: Bitcoin News

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Options Market Keeps Sending Bullish Signs to Bitcoin Investors

After a day of strong price gains that sent bitcoin (BTC) up by nearly 6% over the past 24 hours to breach the important USD 10,000 level, the options market may have even more good news in store for hopeful investors. According to data from Skew, a provider of crypto derivatives analytics, the past month…
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Major Technical Breakout Spotted as Bitcoin Reaches USD 10,000

As bitcoin (BTC) once again reached the crucial USD 10,000 barrier on Monday night (UTC time), the BTC chart is showing signs of what could be a major breakout after a series of failed attempts at moving higher. At pixel time (05:22 UTC), bitcoin was up by 5.6% over the past 24 hours, trading at…
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Coin Race: Top Winners/Losers of Mixed May; Bitcoin, Ethereum Up Again

As June just started, we’ll look back again at May to see how the market finished the month. We have a mixed bag this time. While it was difficult finding a coin in red in April, we have a full list of both winners and losers this time around. However, there are only four coins…
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Russia Sending Mixed Signals: Is China-style Bitcoin Crackdown In Works?

Last week, a leading Russian parliamentarian claimed that Duma financial policymakers were not behind any calls for a ban of cryptocurrencies, such as Bitcoin (BTC). This week starts with worrying news as legal experts and crypto industry leaders have taken aim at a draft bill set to be put before Russian parliamentarians with some warning…
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S2F Bitcoin Price Model Gets ‘Red Dot,’ McAfee Bashes His USD 1M ‘Nonsense’

The disputed bitcoin (BTC) stock-to-flow model has once again been updated with a new data point, this time indicating that the new bull cycle has seemingly begun and BTC might reach USD 100,000 in a year. Posting on Twitter Monday morning, the model’s pseudonymous creator, PlanB, said that a “red dot” has now been added…
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Russia Doesn’t Want to Ban Bitcoin – Leading Parliamentarian

The head of Russia’s parliamentary finance commission head has spoken out about new proposed legal amendments, details of which were released in the press – claiming that the measures will not criminalize cryptocurrency, such as bitcoin (BTC), purchases, and could even provide Russian crypto owners with limited property rights. Subsequent media reports in Russia and…
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Will Easing Lockdown Lead to a Decrease in Bitcoin Trading in Russia?

Financial experts and crypto exchanges say they are confident that as Russia comes out of lockdown, crypto trading and investment will continue to grow. But others warn that some locked-down crypto first-timers will exit the market – although they may not be missed. As previously reported, Russian exchanges and crypto sites reported a large uptick…
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Why You Should and Shouldn’t Care About Goldman Sachs’ Report on Bitcoin

Investment banking giant Goldman Sachs is being criticised for their division’s poor research on Bitcoin (BTC). But it could be argued that the larger reason why the Cryptoverse should care about their latest presentation is that the bank is spreading misinformation to potential BTC investors, while their own agenda remains unclear. "Cryptocurrencies including  Read more…
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Samsung Adds Bitcoin Focused Exchange Gemini To Its Flagships

The world’s largest smartphone maker, Samsung, has integrated the Gemini exchange into its Blockchain Wallet on Galaxy smartphones in the US and Canada. (Updated at 13:36 UTC: a quote by Jeanine Hightower-Sellitto has been added). By connecting their Samsung Blockchain Wallet to the Gemini mobile app, users can buy and sell crypto, view their Gemini…
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Brace for Bitcoin Volatility as Large Number of Futures & Options Expire

Bitcoin (BTC) holders may be in for a wild ride in the next few days, as an unusually large number of bitcoin futures & options contracts are set to expire this Friday on the institutionally-focused major derivatives exchange CME. According to data from Skew, a firm that analyzes the crypto derivatives market, 23,000 bitcoin futures…
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