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John McAfee Following the DOJ Indictment: The Allegations Are Overblown

March 6, 2021 , , , , , , , , , Eddy 0

A day after being indicted for several criminal offenses, including money laundering schemes and fraud, John McAfee has called the allegations brought by US authorities “overblown.” The former software antivirus creator also defended his ICO promotions and receiving payments with the particular coins. DOJ Goes After McAfee The former antivirus tycoon made a name in […]

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Survey By Goldman Sachs: 34% Think Bitcoin Will Reach $100K Next Year

March 6, 2021 , , , , , , , , , , Eddy 0

A crypto-oriented survey compiled by the US multinational investment giant, Goldman Sachs, revealed that the general sentiment on bitcoin and other digital assets is primarily bullish. Nearly half of respondents, representatives of corporations, hedge funds, and banks, own a form of crypto, and most expect their portfolio to expand in value in the following two […]

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Bitcoin Mining Difficulty Lowered For the First Time in 2021 Amid Chinese Crackdown on Crypto Mining

March 6, 2021 , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin mining difficulty has been lowered by 1.27% to 21.45 T for the first time in 2021 amid the Chinese crackdown on crypto mining farms in inner Mongolian regions. The Chinese province has drafted a bill to shut down all crypto mining operations and other high energy-consuming industrial activities regions as it failed to meet […]

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Bitcoin Already Started to Replace Gold, Next Target $100,000: Bloomberg Report

March 6, 2021 , , , , , , , , , Eddy 0

Bitcoin continues to attract more funds previously put in gold, bonds, and stocks, said Bloomberg in its latest crypto-related report. The paper forecasted $100,000 as the next possible price threshold while also outlining that BTC has begun the process of replacing gold as the hedge of choice. Bitcoin Displaces Gold? The narrative that bitcoin, also […]

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Green Weekend: Bitcoin Spikes $3,000 Intraday As ETH Soars 8% (Market Watch)

March 6, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Following a few days of price slides and choppy price action, bitcoin has bounced off from yesterday’s low and eyes $50,000 once again. The altcoins have also reacted positively, with Ethereum surging by 8% to nearly $1,600, as of writing these lines. Bitcoin Has $50K In Sight (Once Again) The BTC bulls didn’t seem to […]

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Bitcoin Losing $50K, Entering Bearish March: The Weekly Crypto Recap

March 5, 2021 , , , , , , , , , , , , Eddy 0

This week was tough across the board, not just in the cryptocurrency market. It was marked by a serious correlation between Bitcoin and the S&P 500, as well as the entire legacy market, in general. As CryptoPotato reported, the abovementioned correlation reached a 5-month high. While this seems to be bearish in the short term, given that […]

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Crypto Price Analysis & Overview March 5th: Bitcoin, Ethereum, Ripple, Polkadot, and Cardano

March 5, 2021 , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin Bitcoin is more or less trading at the same level it was last week around the same time. The cryptocurrency had dropped as low as $43,000 on Sunday, but it quickly bounded higher to close the daily candle above $44,750. On Monday, Bitcoin started to show some promise as it surged higher from $44,750 […]

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Breaking: Bitcoin Mining Firm Cipher Set to Go Public at $2 Billion Valuation With SPAC Merger

March 5, 2021 , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Cipher Mining, a bitcoin mining subsidiary of mining hardware manufacturer Bitfury is all set to go public with a $2 billion valuation. The firm would merge with Special Purpose Acquisition Company (SPAC) Good Works Acquisition Corp for its public listing. SPACs have become quite a rage over the past year and crypto companies seem to […]

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Just-In: MicroStrategy Buys Additional $10 Million Worth of Bitcoin in Cash

March 5, 2021 , , , , , , , , , , , , , , , , , , , , Eddy 0

MicroStrategy has bought $10 million worth of additional Bitcoin today at $48,888 per piece. The software giant has been at the forefront of institutional Bitcoin purchase, having already bought over $2.196 billion in total Bitcoin purchase. The institutional giant now holds a total of 91,064 bitcoin in its treasury. MicroStrategy has purchased an additional ~205 […]

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Coinbase Registers Second 12K Bitcoin (BTC) Outflow In A Week, U.S. Institutional Buyers Holding Strongly

March 5, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

In a broader cryptocurrency market correction, the Bitcoin (BTC) price has tanked 6% today slipping below $47,000. As of press time, BTC is trading at a rate of $46,784 with a market cap of $875 billion. The latest Bitcoin price correction comes amid the drying up of trading volumes. However, it turns out that institutional […]

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