Bitcoin

Bitcoin is the most renowned cryptocurrency worldwide, and many people are adopting this coin daily. This digital coin is getting massive adoption, especially in areas with prevalent financial hardships. Latin America is experiencing a financial struggle, mostly in Venezuela and Argentina. Venezuela and Argentina are facing high-end inflation, and hence the demand for Bitcoin is also high. The trading volume of Bitcoin in these regions is high; similarly, LocalBitcoin statistics also appear quite incredible. Comparing Argentina and Venezuela’s Bitcoin Adoption…

At the start of December 2019, the one week chart of Bitcoin revealed an outrageous bullish sign. That is, the 50-week SMA crossed the 100-week SMA, known as a Golden Cross. A golden cross means that buyers are in charge. The same golden cross signal appeared before the over 1000 % upsurge that ensued between 2016 and 2017. Despite the long-term bullish signal, some renowned analysts highlighted BTC’s susceptibility to a last move to the downside before an ultimate return…

BitMEX is among the leading crypto exchanges in daily trading volume. Nonetheless, the amount of Bitcoin on the exchange is 0.18% of the coins in circulation. On the 26th of December, James Lopp tweeted about the exchange’s dedicated insurance fund’s upsurge by 62% this year. The exchange’s insurance fund’s historical records show that it was 20,776 Bitcoin on the 1st of January and 33 449 on the 26th of December. As of the time of writing, the value is close…

The performance of BTC has been bullish for some period before now. Nevertheless, each time it surges to the upside, it experiences a powerful rejection and leads to a total correction of its gains. It happened some hours ago as its price attained highs around $7.5k but could not continue to the upside. It was rejected and may have initiated a notable fall. According to analysts at the moment, it is possible for BTC to fall back towards $7k before…

The BTC/USD pair is struggling to stay above the support at $7.12k and $7k. The price needs to recover over $7.24k and $7.4k if it does not experience a remarkable fall. In the past three days, the BTC/USD pair’s price steadily moved to the downside, from resistance at $7.7k. The pair’s price further moved to the downside by breaking critical supports at $7.4k and $7.3k. It established a level under $7.3k as well as the 100 hourly SMA. The price…

One of the cryptocurrency applications in the world of finance is using digital coins to exchange goods and services.  Both large and some small businesses are starting to incorporate virtual currencies into their payment solutions. Nevertheless, the future use of Bitcoin in firms is somehow uncertain. It is because some of the previous Bitcoin supporters stopped using Bitcoin payments this year. As some of the firms using Bitcoin remained resolute, other firms bowed out shortly.  Adyen and Some Other Firms…

The American Cancer Society (ACS) is a nationwide non-profit organization that focuses on eliminating cancer.  ACS is currently accepting donations in Bitcoin through the cryptocurrency’s payment processor, BitPay. Brant Woodward, the ACS vice-president, pointed out that cancer affects people of all walks of life. Therefore, there is no shame in asking for support from a broad cross-section of donors. Brant also noted that the ACS’s mission is urgent, and it needs donors’ help to accomplish its objective. BitPays Donations Statistics…

Bitcoin is one of the mainstream cryptocurrencies, and with its need to be largely adopted, the thought of using social networks is valid. Moreso, using emojis to bring Bitcoin to people is one way that could be efficient. When using emojis, we do not need to express ourselves in words, and this a simple way of communicating. In that case, people are calling for the creation of a Bitcoin emoji for the keyboard on Apple iOS. The desire for Bitcoin…

According to the Chinese government, there may be changes in the way it treats cryptos like Bitcoin as it is looking forward to reforming its forex markets. On December 24, a report by Reuters cited a senior government official and explained that a fresh research initiative will involve expanding the blockchain cross-border financing pilot platform of China. The platform was introduced in March 2019 and it is at the moment functioning as a pilot scheme in nineteen provinces. Lu Lei spoke about the…