Bitcoin

Reports indicate that a Chinese crypto whale is sweating over the loss of $ 45 Million worth of BTC and BHC. A whale going by the username Zhoujianfu made frantic appeals for help in recovering the stolen funds. Through a "BTC” subreddit posting Zhoujianfu informed the community of the heist promising a huge reward for assistance in getting the funds back. An extract from the post reads: This] is my address, goddamnit. [The transactions] only [have] 3 confirmations, if any…

Bear markets are brutal when they hit. Fortunately, they tend to be much shorter when compared to Bull Markets. But if investors are not well equipped strategically, a small drop will make them panic sell, which could wipe away all their savings. A Bear market is any market condition that shows a downtrend after considerable growth. Most investors consider the bear market an indicator of a failing market and industry. But to a seasoned investor, the bear market represents an…

BTC/USD price kept above the $9,350 support. Although the price is currently recovering, it needs to push past $9,825 to initiate a substantial upside. After closing below $9.5k, the price moved further beneath the $9.4k level. However, it later stabilized over the $9,340 and $9,350 marks, forming a swing low close to $9,344 before heading into recovery. Again, studying the pair's hourly chart shows a surge over a contracting triangle whose barrier is about $9,665. Presently, the pair has settled…

Twitter and Square Crypto founder, Jack Dorsey held conversations with Africa's and Hong Kong's internet leading lights. Their deliberations centered on the adoption of Bitcoin in the two regions. Mr. Dorsey provided a snapshot of the conference call he held with Dr. Nii Quaynor and Pindar Wong. Dr. Quaynor and Mr. Wong have track records in establishing and developing internet programs in Africa and Hong Kong respectively. Push For Bitcoin Adoption Jack Dorsey has been a strong Bitcoin proponent. He…

Several perspectives on the role of Bitcoin continue to render many at loggerheads. The joint founder and CEO of Block.One, Brendan Blumer, expressed his thoughts concerning Bitcoin on Twitter. Blummer said the world's largest cryptocurrency is not money and is in no way ever going to be. Responding to a tweet written by Peter Schiff, he added that Bitcoin is the immediate gold generation. He continued to say the purpose of the cryptocurrency is not to get used as everyday…

The performance of the BTC/USD pair is thriving in a way that its price started increasing sharply over $9.8k and $10k. The ongoing consolidation could soon see the price rally over $10.2k for an immediate bullish wave. On the previous day, BTC attained a fresh weekly low at $9,483. An upside move began later over barriers at $9.7k and $9.8k. The buyers successfully built momentum over a connecting declining trend line, $10k, and the 100 hourly SMA. Hence, the price…

Two men were apprehended by Dutch tax enforcers with the Netherlands’ Fiscal Intelligence and Investigation Services (FIOD). Their arrest was due to alleged laundering involving cryptocurrencies worth millions of Euros. The development was revealed in a joint statement by the Joint Chiefs of Global Tax Enforcement (J5). FIOD arrested them on the basis of separate cryptocurrency tax evasion investigations, and the agency was able to recover almost 260k in unmentioned cryptocurrencies as well as over 6.6 pounds of gold. Some…

Bitcoin's rapid growth has indeed been something of great wonder. In recent times, the coin has gained increased usability, evidenced by increased transactions-nearly 270 000 transactions per day with an increased number of online merchants who offer the ability to pay using Bitcoin.  While Bitcoin's transactions have often been described as anonymous, the coin isn't entirely anonymous. Yes, Bitcoin transactions are recorded and made public but are linked only with an electronic address. This, therefore, means that whatever you purchase…

The price of BTC/USD is yet to surpass the $10.2k mark.  Since the pair experienced a massive decline under $9.8k,  it is debatable to say there might be a risk of retracement. On the previous day, a notation was made regarding the crucial barrier zone which currently stands at $10.2k. There were two trials to surge past barriers at $10.2k and $10.3k. However, several hurdles saw buyers fail to gain momentum over $10.2k. The pair was vaguely successful in forming…