Opinion

The total number of Bitcoin addresses with one or more BTC increased from 707,000 in 2019 to stand at 784,000 as of 14th January 2020. According to Glassnode, this represents an 11% increase over the same period and a doubling of the 2015 figures. Explaining the reasons behind the steady rise, Connor Abendschein of Digital Assets Data in Denver said it is due to retail buyers' accumulation of the coin. Abendschein posed that the increase in the number of addresses…

The price of BTC/USD rallied again after falling sharply to its support level at $8.4k. Currently, all indicators point to additional surges above $8.8k and $9k in the sessions ahead. Not so long ago, the price plummetted from the $8,750 zone. It continued the downward trajectory beneath some essential supports. All the same, bitcoin rebounded above the $8.5k level later. Analysis of the pair's hourly chat indicates the formation of a robust bullish engulfing pattern. Consequently, the bitcoin price was…

In an unprecedented move,  The United States SEC has today January 21, 2020, approved an application by Grayscale Bitcoin Trust to be its reporting firm. The move comes after the firm's parent company, Grayscale Investments, filed for its subsidiary's registration with the SEC two months ago.  This action effectively makes Grayscale Trust the pioneering crypto investment entity conferred with that honor. Taking  to Twitter to confirm this news, the firm announced, " Grayscale Bitcoin Trust hits yet another incredible milestone:…

A recent news release dated 21st of January has suggested that there is a formation of a new partnership between 6 banks, including the central bank platforms of England, Europe, Japan, Switzerland, and Sweden, together with the BIS. The designation of this new alliance is to explore the central bank's digital currencies.  Researching in this context involves looking deep into the various applications, use cases, functions, technical and economical design, and interoperability across the border. After exploring the different countries…

The British tax agency recently released a notice inviting contractors to provide technological tools aimed at combating crypto cybercriminals. This technology valued at 100k GBP was released on the 17th of January with the main agenda of gathering intelligence using cluster analysis. The first team much awaiting this technology's release is the Her Majesty's Revenue and Customs (HMRC) teams. It will create a correlation of crypto assets transactions with service providers.  There are 10s, maybe hundreds of other free online tools…

The XRP/USD price rose over the barrier at $0.2450. The topping of the price happened close to $0.2540 and started correction to the downside. Recently, there was a robust increment in the price over the barriers at $0.2400 and $0.2450. Further, the price moved to the upside over $0.2500 and settled over 100 hourly SMA. However, the sellers successfully protected the gains over $0.2540 and $0.2550. The price formed a high close to $0.2540, and it began to retrace to…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $236 billion. Bitcoin price gets closer to the $9,000 mark. Ethereum escalates over the $160 threshold. XRP enjoys a promising run and moves above the $0.23 barrier Crypto Trends 13th-19th of January 2020: PERFORMANCE & ANALYSIS The past week saw the Bitcoin price increase by 13% compared to its value almost 7 days ago.…

On the 19th of January 2019, Peter Schiff claimed to lose access to all his Bitcoin holdings. Schiff is the CEO of Euro Pacific Capital, as well as the founder chairman of SchiffGold. He is also a renowned Bitcoin critic, quite skeptical about the crypto, exceedingly bullish when it comes to gold, and likewise bearish on the USD. On the 4th of July 2019, Schiff claimed to have three crypto assets, Bitcoin, Ethereum, and Bitcoin Cash. He also said he…

Recently, Rhino Data published a report concerning blockchain investment and financing in 2019. The report was released in collaboration with Xinhua Finance. The report includes a list of startups related to cryptocurrencies in China getting funding. As per the report, in 2019, the number of investment and financing deals recorded was 245, and there was an aggregate of 3.5 billion USD in investments by some. The value is approximately half of what got recorded in 2018. Of all the investments,…