Hype mobile banking platform by Banca Sella. Could the coronavirus outbreak be the jolt that drives the traditional banking sector and the cryptocurrency sector together? In Italy, there are suggestions that this is already the case, with Banca Sella preparing to launch bitcoin trading services for many of its mobile banking customers. The bank’s plans…
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The tax deadline in the USA has been extended due to the Covid-19 outbreak, and this concerns crypto as well. The U.S. Treasury Department and Internal Revenue Service (IRS) have issued guidance extending the tax deadline 2020 for all individual and other non-corporate tax filers with up to USD 1 million in owed federal income…
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After forming a support base above the USD 5,200 level, bitcoin price started a strong rise. BTC/USD broke the key USD 5,550 and USD 5,850 resistance levels to move into a positive zone. The price is now (08:00 UTC) trading well above USD 6,000 and facing a couple of hurdles near USD 6,550. Similarly, most…
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Despite a brutal price crash last week, long-term bitcoin (BTC) “hodlers” are still not scared away, and instead appear to be using the lower prices as a buying opportunity, a new analysis showed. According to the report, prepared by blockchain analysis firm Glassnode and published on Thursday, a metric known as the “Hodler net position…
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Source: iStock/hocus-focus After touching the USD 4,000 level less than a week ago, bitcoin (BTC) rallied around 50% and is now trading above USD 6,000 again. At pixel time (18:39 UTC), bitcoin is trading at c. USD 6,249 and is up 22% in a day, erasing all its weekly losses. The price is now up…
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Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Adoption news Peer-to-peer (P2P) bitcoin (BTC) trading appears to be on the rise in Venezuela after the country’s president Nicolás Maduro imposed strict coronavirus quarantine measures on the Read more »Pay,…
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After a major market crash last week, bitcoin (BTC), the most popular cryptocurrency, at least today is somewhat showing its power as a hedge against risks inherent in fiat currencies and the broader financial system. Trading up 12% over the past 24 hours as of press time (USD 5,772 at 12:41 PM UTC), bitcoin is…
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Blockchain and analytics specialist Chainalysis says that although bitcoin (BTC) inflow volumes to exchanges are still high, it looks as though prices have attained some degree of temporary stability. In a recent report on the state of the BTC market, analyst Philip Gradwell wrote, “The majority of excess bitcoin arriving at exchanges has been sold,…
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Bitcoin (BTC) mining difficulty is now estimated to drop in six days, offering relief to miners, squeezed by the market crash and the current record-high mining difficulty. The next adjustment will see the difficulty, a measure that shows how hard it is to compete for mining rewards, go down by 5.8%, which is the largest…
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Yesterday, we saw a downside correction in bitcoin price below USD 5,300. However, BTC/USD remained well supported above the USD 5,000 and USD 5,050 support levels. It is currently (08:30 UTC) rising steadily and likely attempt an upside break above USD 5,550. Similarly, most major altcoins are climbing higher and approaching key hurdles, including ethereum,…
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