Grayscale Investments had its best fundraising week in history following an ad blitz on a number of major television networks. According to the company’s CEO Barry Silbert, Grayscale netted $217 million in investments in the days following the campaign. The firm’s Bitcoin Trust Fund was the biggest contributor to the success, adding 14,422.01411512 Bitcoin (BTC)
The U.S. central bank has been working on creating a digital dollar, according to a recently published transcript from Federal Reserve Board Governor Lael Brainard. On Thursday, she told participants attending “San Francisco’s Innovation Office Hours” webcast, that the Fed has been “collaborating with researchers at the Massachusetts Institute of Technology (MIT)” toward building a
Bitcoin is stagnating in the high-$11,000s once again despite Ethereum breaking higher. BTC trades at $11,800 as of this article’s writing, meaning the asset remains below the critical $12,000 level. An analyst thinks Bitcoin is poised to move to $14,000 in the near future. The analyst in question is one that has been historically accurate
Interest in cannabidiol-based products has been on the rise, as recent statistics show that the global cannabis market is expected to have reached $42.7 billion in the next four years. Yet as hemp-derived cannabidiol, or CBD, products gain popularity, federal agencies are proceeding with caution around regulatory measures for cannabis products. In order to address
Bitcoin has broken out from downtrend resistance and appears to be poised for a new uptrend. Market conditions change dramatically when a switch from bear to bull occurs, and a “buy the dip” strategy is often the most effective. For investors and traders unsure of how to do that, history shows that one specific level
Should I buy cryptocurrency now? In this video, I’ll be sharing my why i invest in cryptocurrencies in 2020. While I don’t personally trade cryptocurrencies, I do consider myself a cryptocurrency investor. I believe that it’s important to understand the fundamentals about Bitcoin, blockchain, and cryptocurrencies first before putting any money into them. This is
During the last few months, crypto proponents have focused their attention on Iran. The Iranian President Hassan Rouhani initiated a new mining strategy last May, and the government-licensed 14 bitcoin mining farms in July. According to the Chinese mining operation Lubian, it claims to operate one of these regulated bitcoin mining farms in the oil-rich
Each week we ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes! This week our 6 Questions go to Justin Rice, Head of Ecosystem at the Stellar Development Foundation. Stellar Development Foundation (SDF) is a
Craig Wright, a self-proclaimed Bitcoin (BTC) creator, is apparently not required to pay legal fees for a failed libel suit against the Twitter crypto enthusiast known as Hodlonaut. In an Aug. 14 email to Cointelegraph, Wright’s legal representative argued that he is not obliged to pay legal costs in the defamation suit until the Norwegian
Bitcoin plunged as low as $11,100 earlier this week. The drop led many analysts to think that the cryptocurrency was poised to lose the gains it incurred in late July and early August. One trader said that assuming Bitcoin’s weakness earlier this week, a move to the $9,000s was entirely possible. On-chain data, though, shows
Bitcoin price remained well bid above $11,400 and it broke the key $11,600 barrier against the US Dollar. BTC is now trading above the 100 hourly SMA and it could continue to grind higher. Bitcoin is back in a positive zone above the $11,500 and $11,600 resistance levels. The price settled nicely above the 100
Coinmarketcap (CMC) temporarily went offline Thursday, August 13 and normal service only resumed some hours later, but not before inconveniencing a number of regular users. Crypto investors accustomed to CMC’s service scrambled to find reliable alternative sources of fresh market data. During this downtime, crypto traders that are new to markets.Bitcoin.com got a glimpse of
A federal judge has ruled that a New York attorney is responsible for repaying a crypto investment firm after he prematurely released escrow funds set aside for buying $5 million in Bitcoin. According to an Aug. 13 report on Law360, U.S. District Judge Alison J. Nathan confirmed that attorney Aaron Etra is on the hook
Bitcoin has been stuck below $12,000 for the past couple of weeks, with the intense selling pressure here slowing the momentum that it built since late-July. Each attempt to break above this price region has resulted in the crypto facing a strong rejection that leads its price down towards its support at $11,200. This level
Barstool Sports founder, Dave Portnoy, posted a video of his meeting with Gemini exchange founders, Tyler and Cameron Winklevoss, on Twitter. Portnoy, also known as Davey Day Trader on Twitter for his stock trading antics, recently invited the Winklevoss twins over to his house to teach him about Bitcoin, via an Aug. 4 tweet. After
Gold’s sharp rebound after logging its biggest plunge in 7 years left Bitcoin (Symbol: BTCUSD) in a comfortable space. The benchmark cryptocurrency seemingly copied the precious metal’s retracement moves during the Wednesday session. At one point in time, it was trading at $11,148 (data from Coinbase), down 7.76 percent from its weekly top. But it
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Crypto Pro app has extended its Apple device support and is now available on Mac, iPhone, iPad, and Apple Watch. What is Crypto Pro? Crypto Pro tracks cryptocurrency prices in real-time and displays interactive charts with indicators. Users can also read the latest crypto news, set custom price alerts, and monitor their portfolios with performance
Per an Aug. 13 announcement from the United States Department of Justice, the authorities have seized millions of dollars worth of cryptocurrency from over 300 accounts. The announcement does not specify the specific amount, but does identify the operation as the largest to target terrorist funding in cryptocurrency. A wide range of agencies including the
Bitcoin (Symbol: BTCUSD) has enough momentum left to attempt an extended bull run towards $14,000, says Jacob Canfield. The Signal Profits founder placed the benchmark cryptocurrency on a Fibonacci Retracement graph, a set of horizontal levels that indicates where the supports and resistances are most likely to occur. He noted that BTCUSD had ample of
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