How An Ex-CIA Director Proved Bitcoin Use in Crime is Declining

Former Central Intelligence Agency (CIA) Acting Director Michael Morell wrote a report titled “An Analysis of Bitcoin’s Use in Illicit Finance”. The ex-government employee had over 33 years working at the Agency. Published by the Crypto Council for Innovation, Morell’s investigation attempts to disprove a thesis defended by many authorities around the world: Bitcoin is… Continue reading How An Ex-CIA Director Proved Bitcoin Use in Crime is Declining

Why Bitcoin below $60K could be a great buying opportunity

Bitcoin seems to be losing steam as it trades back and forth between $59,000 and $60,000. In the daily chart, BTC is moving sideways (0.3%) after a week with modest gains of 4.9%. BTC moving sideways in the daily chart. Source: BTCUSD Tradingview Trader Josh Rager has set support for BTC at $59,000. Holding this… Continue reading Why Bitcoin below $60K could be a great buying opportunity

Why Bitcoin could favor USD dominance over Digital Yuan

Contrary to what many in the crypto space are discussing, Senior Commodity Strategist for Bloomberg, Mike McGlone, has made the case for Bitcoin being beneficial for the U.S. dollar over China’s digital Yuan. According to McGlone, the cryptocurrency is “eclipsing” Yuan’s global adoption. Specifically, the U.S. dollar is showing “organic adoption” in the digital ecosystem,… Continue reading Why Bitcoin could favor USD dominance over Digital Yuan

Why JP Morgan’s CEO calls Bitcoin regulation a “serious issue”

In his annual letter to his shareholders, J.P. Morgan Chairman and CEO Jamie Dimon addressed the status of regulations towards Bitcoin and cryptocurrencies in the United States. At the beginning of the letter, Dimon calls 2020 a “strong” year for the banking institution in spite of the pandemic Covid-19. Dimon seems to have changed his… Continue reading Why JP Morgan’s CEO calls Bitcoin regulation a “serious issue”

This is why Coinbase $1.8B Q1 earnings are bullish for Bitcoin

Within a week of its IPO, Bitcoin and crypto exchange Coinbase has generated great hype. Its earnings report for Q1 2021 could have an impact that will be felt throughout the crypto market. Coinbase Will go public on April 14th, after some controversy. The exchange’s estimated valuation sits at $100 billion and will resale up… Continue reading This is why Coinbase $1.8B Q1 earnings are bullish for Bitcoin

Supply crunch incoming? Bitcoin miners stop selling

Bitcoin continues to consolidate in the high $50,000 area, meanwhile, its fundamentals are strengthening and seem to point towards a price breakout. Analyst Ali Martinez has shared data from Glassnode to predict the timing for a new BTC price rally. According to the analyst, when the cryptocurrency surpasses the 1 million threshold in the metric… Continue reading Supply crunch incoming? Bitcoin miners stop selling

How Avalanche’s bridge to ETH and BTC could take over DeFi

Conceived as a blockchain ecosystem to launch DeFi and DApss and supported by a 3rd generation consensus protocol, Avalanche has recorded one of its best weeks since its launch. The fundamentals of its native token AVEX remain strong and as it gains more attention in the crypto space, it looks poised for another rally. Ava… Continue reading How Avalanche’s bridge to ETH and BTC could take over DeFi

Former SEC Head Jay Clayton joins One River’s crypto Council

In a press release, One River Digital Asset Management, and its partner One River Asset Management announced the addition of Jay Clayton to its Academic and Regulatory Advisory Council. Clayton is a former chairman of the U.S. Securities and Exchange Commission (SEC) and is considered a detractor of cryptocurrencies. At least in practice and under… Continue reading Former SEC Head Jay Clayton joins One River’s crypto Council

BNY Mellon values Bitcoin on par with gold, what’s their price target?

In February, one of the oldest financial institutions in the United States, Bank of New York Mellon, announced the launch of a custody service for Bitcoin and other cryptocurrencies. Claiming that BTC has become a widely accepted asset, the institution opted to get ahead in innovation. Now, BNY Mellon has published a valuation on Bitcoin… Continue reading BNY Mellon values Bitcoin on par with gold, what’s their price target?

Why Bitcoin Traders Are Continuously Buying the Dip

Bitcoin (BTC) fell below the important support level of $52,000 yesterday, dropping to a low of $50,360. Bitcoin is showing a downward trend, with a cumulative decline of 8.91% in the past 7 days. The current price has rebounded at press time, and Bitcoin is trading at $52,888.71.Is Bitcoin currently experiencing a staged bottom? Will… Continue reading Why Bitcoin Traders Are Continuously Buying the Dip