Category: Bitcoin News

Blockstream Alumnus Mike Schmidt Backed Brink Raises $150,000

Brink, a non-profit organization aiming to fund and support open-source Bitcoin protocol development was launched today with the backing of former Blockstream alumnus Mike Schmidt and former Chaincode Labs developer John Newbery. Dave Harding, a well renowned Bitcoin technical writer would act as the independent director for the non-profit organization. The organization aims to raise […]

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Bitcoin [BTC] Price Soars to 3-Year High of $19,000, Altcoin Bulls Show First Signs of Fatigue

Bitcoin was consolidating above $18,500 for the past couple of days and a market pullback was on the cards, however, bitcoin today soared past the $19,000 mark for the first time in three years. The current bullish burst is being attributed to PayPal CEO’s bullish comment on Bitcoin and their plans to allow cryptocurrency as […]

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Bitcoin could quickly rush to $20,000 so long as this crucial hurdle is shattered

Bitcoin battles the uphill task of breaking above $18,500, the channel’s middle boundary, and $19,000. The fear of missing out (FOMO), speculation, and excitement is likely to push Bitcoin to $20,000 if the $19,000 barrier is broken. The bullish cycle in the cryptocurrency market continues to catch momentum. Bitcoin has for the first time stepped […]

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Digital Fiat Currency Will Replace Paper Money-PayPal CEO

When asked about the threat to Bitcoin [BTC] from finance regulators PayPal CEO today in an interview to CNBC said that central banks will replace paper money with Digital fiat currencies that include cryptocurrencies, CBDCs and other stablecoins. It is to be noted that Paypal recently allowed users to buy Bitcoin [BTC] using fiat currency […]

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Institutional FOMO: Is Australia’s Largest Investment Manager Eyeing Bitcoin[BTC]?

Bitcoin entered into the third-week of its bullish price rally with its price currently consolidating above $18,500. The top cryptocurrency has managed to hold ground despite two flash crashes of over $1,000. Many believe that bitcoin’s ongoing bull run is way different than the 2017 one as the king coin steadily nears its all-time high. […]

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Declining Bitcoin [BTC] Dominance Boosts Altcoin Rise, ETH and XRP Lead The Way

Bitcoin rebounded from another $1000 flash crash after registering a daily low of $17,671 on Sunday after breaking past the key resistance of $18,500. The king coin is currently trading at $18,705 registering a 2.30% rise over the past 24 hours. However, it is important to note that BTC is losing steam at the top […]

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OKEx Starts Withdrawal Trials, Could Bulk Withdrawal Requests Trigger BTC Price Volatility?

OKEx, the cryptocurrency exchange has terminated withdrawal from its platform from October 16 after the Chinese founder Xu Mingxin of the exchange was taken away by the Police amid the growing crackdown on OTC desks and to counter the growing money laundering issue. Mingxin was arrested in early October and the withdraws remained shut since […]

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Investment Management Firm BlackRock’s CIO Thinks Bitcoin is More Functional Than Gold

Investment Management Firm BlackRock’s CIO Thinks Bitcoin is More Functional Than Gold

CNBC has gone on a slew of interviews with multiple Wall Street and financial leaders in the past two weeks, and the latest to go on record is BlackRock’s chief investment officer Rick Rieder. While not fully advocating for Bitcoin and digital assets, Rieder admitted that there is longevity in the bellwether cryptocurrency as an […]

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Bitcoin Ranks Better in Volatility Than 145 S&P Stocks Right Now

Bitcoin Ranks Better in Volatility Than 145 S&P Stocks Right Now

Critics of the world’s largest cryptocurrency Bitcoin have often brought up its volatility rate to deter investors from purchasing the asset. Billionaire hedge fund manager Ray Dalio is one such critic, who recently interviewed with Yahoo Finance and commented that investors cannot create wealth reliably with Bitcoin due to its high volatility. This is an […]

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