Bitcoin crashed below $30,000 on Friday as traders panicked about a technical flaw that allows people to spend the same cryptocurrency unit twice. Google Trends for the keyword “Double Spend”—as the flaw is called—reached a perfect score of 100. According to BitMEX Research, the Bitcoin blockchain detected a small double […]
Bitcoin and tech stocks like Tesla have had an extremely strong year in 2020, but according to a recent survey released by Deutsche Bank, both investing products are looking more like bubbles. Deutsche Bank Isn’t Crazy About Where BTC and Tesla Are Headed Bitcoin rose more than 300 percent since […]
A working group of the Mobility Open Blockchain Initiative (MOBI), led by BMW and Ford, released the second installment of the industry’s vehicle identity (VID) on blockchain. The VID II working group advanced a blockchain-powered VID solution that could help second-hand vehicle buyers avoid cars with incorrect mileage, maintenance, or […]
Ethereum majestically rose to new all-time highs at $1,446. However, the anticipated rally seems to have taken a step back with Ether first dropping to confirm support at $1,250. Recovery has been gradual over the last 24 hours but ETH is dancing at $1,380. Slightly on the upside, the pioneer […]
BlackRock, the world’s largest multi-trillion dollar asset manager, is considering investing in Bitcoin futures through two of its funds. BlackRock’s Funds Contemplating Bitcoin Futures Investment In a pair of filings with the U.S. Securities and Exchange Commission (SEC) on Wednesday (Jan. 20, 2021), Blackrock revealed that two of its funds […]
Ki Young Ju, CEO of blockchain analytics startup CryptoQuant, has revealed he has “no doubt” the price of bitcoin will hit $100,000 this year, but added that in the short-term he has a bearish stance over the lack of significant buying pressure. The CEO’s words were based on data from […]
On 18 January, CEO and Co-Founder of Real Vision Group, Raoul Pal reportedly increased his ETH holdings. The decision could be based on Pal’s own assumption that Ether would reach $20,000, similar to how Bitcoin performed in its last cycle. The macroeconomist also believed that by market cap ETH will […]
The end of January is likely to be a crazy time for bitcoin and its many fans. The asset will see approximately $3.7 billion worth of options expire on January 29, and many analysts are wondering what this will potentially do for the asset’s volatility. Will the currency spike like […]
At the time of writing, the price of bitcoin is going for just over $36,000. This is about $4,000 less than where it stood just over a week ago, and according to many analysts, unless bitcoin can strike the $40,000 mark again soon, things aren’t looking too good for the […]
Bank of America’s monthly fund manager survey has shown that a long position on bitcoin is seen as the most crowded trade, overtaking long positions on technology companies like Google, Facebook, and Amazon. The survey, Reuters reports, saw investors say that longing bitcoin was the most crowded trade, followed by […]
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