Bitcoin

This year has brought tremendous gains in the crypto market. Several leading cryptocurrencies are performing exceptionally well. Numerous questions still need answers regarding the use, potential, and adverse effects of cryptos. Comments on crypto demerits arose, including Minneapolis Federal Reserve president, Neel Kashkari, commenting on the same. He spoke recently at an event, stating that cryptos are "like a giant garbage dumpster," and they do not have the fundamental features of any stable currency. He added that USD is valuable…

While Bitcoin and other cryptocurrencies are often described as anonymous, this is not the case; they are pseudo-anonymous. Considering all crypto transactions are recorded in a public ledger, it's possible to trace transactions and wallet addresses to their specific owners. Besides, the increased regulatory pressure and law enforcement in the crypto space means privacy and complete anonymity are still challenging.  Bitcoin tumblers, also referred to as cryptocurrency tumblers or cryptocurrency mixers, come in handy to enhance the privacy of cryptocurrencies.…

The BTC/USD pair has maintained its upswing, getting closer to the $10.5k mark. There are, however, exhaustion signals from the pair, creating a possibility of some few points of decline preceding further upswings. BTC Bullish Run The week saw the pair bounce back strongly, surpassing the $10k hurdle. With a continued price surge, the $10.2k and the 100 hourly SMA were categorically broken. A recent bullish run pushed prices ever closer to the daunting $10.5k barrier. Even though, the bullish…

As the crypto market continues to reach new heights, it's more than just investors interested in the power of blockchain technology. Governments and critical financial institutions recognize the benefits of cryptocurrencies, such as higher efficiency and streamlined payments. As such, Central Bank digital currencies (CBDCs) have started to emerge across the globe. A recent survey revealed that around 10% of central banks are on the verge of issuing some form of centralized cryptocurrencies. Unlike cryptocurrencies designed to provide a reliable…

The BTC/USD pair has started 2020 on a high note, grossing at $10,406. The BTC's current focus, on a wave of a new bullish run, is to gloss at just over $10.5k in the near term. The BTC Price Trend Generation The near past hasn't been so friendly, however. Prices slumped to beneath the $9,850 support, after having hit $10k earlier. The features even dropped to the murky $9.7k zone creating a somewhat modest rallying base. A new upsurge however…

A recent report reveals that the Financial Services and Markets Authority (FSMA) in Belgium wants to ensure that digital currencies undergo government regulations.  The FSMA Chairman, Jean-Paul Servais, insinuated that Belgium's lawmakers should develop a legal guide to control the purchase, sale, and use of digital currencies. These guidelines are not just to guide digital currencies but any other financial products.   Servais' remarks came on February 10 in a senate hearing. He explained that it's time for the Belgian government…

The BTC/USD price has recently hit the over $10k mark, to $10.2k but more recently plunged. There are still hopes of it doing well after all since although the price is declining the buying pressure is still active and will probably still be as long as the price remains over $9.5k.  After hitting the 10k, and even the 10.2k mark, the coins price was unable to overcome the hurdles past the 10.2k; instead, it made a new high for 2020,…

Bitcoin prices have declined from the $10k mark to just about $9.8k, leading to severe liquidations of BTC longs at the BitMex platform, amounting to $57.8 million.  The possible reason for the declining price is the fast rise of the number of BTC futures open interests and contracts surpassing $1 billion but hitting more than $1.5 billion. This fast-rising led to a hike in the number of aggregated open interest in the top crypto exchanges like Bitmex to over $4…

BTC/USD's price increased steadily over the $10k barrier. However, it could still fall to $9,850 before rallying towards the $10.5k zone. The pair's price rose steadily over the  $9.5k and $9.85k barriers in the last few days. Accordingly, the price surged over the $10k barrier settling above the 100 hourly SMA level. BTC New 2020 High Eventually, the price reached the $10.2k zone registering a new 2020 high near the $10,201 mark. Studying the hourly BTC/USD chart reveals a break…