Bitcoin

It's no doubt that the coronavirus pandemic has vastly affected the financial world. It is so much that its effects have been seen in the global Bitcoin mining power, reducing the growth of the computing power of the Cryptocurrency. Different miners in the industry, especially in the Asian regions, have seen different experiences, with others increasing their market share while others struggle to maintain balance. Among the platforms that dominate crypto mining is Bitmain, which has been the leader since 2017.…

The BTC/USD price recently fell to the weekly low at $9,483 but later increased to around $9.7k. However, this price recovery is still under immense barriers at $9,950 and $10k.  A day earlier, the price plummeted highly, even going below the 9.6k support level. It further dropped under the $9.5k(the then weekly low) but settled well under the 100 SMA.  Afterward, this price continued to drop, hitting $9,483, and surged fast to $9.5k and $9.6k levels. There was a significant…

On February 17, Russian finance published a report noting that the Central Bank of Russia created new guidelines to curb suspicious crypto transactions.  According to these new rules, all crypto transactions are deemed as a potential money laundering risk. This new set of rules, which comes to update directive 375-P, notes some possible signals that will prove some suspicious money laundering associated activities. This update comes long after the 2012 release of the initial set of rules.  These new rules…

It has been all smiles and laughs for the crypto community in the last two weeks. Bitcoin has been hovering in the $10 000 marks, a rise that has caused a domino effect to altcoins as their prices increase significantly.  However, this past week (9th-15th Feb), Crypto prices have experienced intense volatility, defying almost all prominent analysts’ predictions.  Take a look at the nitty-gritty details that have been shaping up the crypto markets in the past week. While in that…

Bittrex moved Bitcoins worth tremendous value from its central exchange to another wallet. However, Bittrex returned the coins to the initial wallet with the two huge transactions costing almost nothing. The deal took place earlier today and included a transfer of 48,952  BTC (valued at $491 million), as shown by blockchain records first recorded by Whale Alert via Twitter. Interestingly, Bittrex paid a fee of $ 1.51 for two large transactions. The first and second are $ 0.67 and $…

China is quarantining used banknotes to stop the spread of coronavirus, as reports have stated. The crypto community is talking and making suggestions about fixing the issue using Bitcoin as payment means. Wuhan, Hubei Province reportedly recorded around 15,000 new cases in 24 hours and 242 recent deaths following a change in diagnostic methods on February 13. The government is underreporting the numbers, as Dovey Wan of Primitive Crypto on Twitter claims. The most recent BBC report lists 2,009 new…

The price of the BTC/USD pair fell sharply below the USD 10.5,000 barrier mark. Even so, the price remains above the $ 9.8k base support and could see a new rally soon. The pair maintained buying sentiment over the $ 10.3,000 zone the previous week. The rally grew to $ 10,5,000 and reached levels above the SMA 100. It hit a new 2020 high of $ 10,507 eventually before initiating a downward correction. The pair appears to have tried to…

Since December 2019, Bitcoin price is still surging from $6.4k to $10550 this week, as per Tradingview data. The coin experienced over 60% gains and performed better than other assets apart from ETH, XRP, and Tesla. Following the Bitcoin's incline, Mike Novogratz, the CEO of Galaxy Digital, explained the currency's upsurge to CNBC's "Closing Bell '' panel. Novogratz says that liquidy accelerates the crypto's uptrend. He said that low-interest rates set up by Central Banks and people pumping in money…

Switzerland leads when it comes to cryptocurrency advancement. Currently, many Switzerland bankers believe Bitcoin is certainly suitable for Switzerland's financial and banking sector. On a recent podcast, Phil Dettwiler of SEBA Bank AG stated that Bitcoin is truly an investment opportunity because it is a store of value. Likewise, Bobby Lee recently said that bitcoin's price would reach $ 1 million or more and said that it was the opportunity of a lifetime. Crypto Banks Have Been Making Effort Recently,…