As predicted earlier this week, it was not the US inflation rate (which continues to fall as expected) but the speech of Federal Reserve Chairman Jay Powell that will determine the direction of crypto and stock markets. Bitcoin, which needed a pause in no further interest rate hikes to return to profit, received the requested […]
A decision by Apple caused a stir in Silicon Valley and the world of crypto this week. Apple, the company that hid the Bitcoin Whitepaper in its own software, sent a warning to a software developer for allowing “Bitcoin tipping.” The developer in question, Damus, has a decentralized social media app which is quite popular […]
The charges filed by the US stock exchange watchdog SEC against both Coinbase (the largest crypto platform in the US) and Binance (the largest crypto platform in the world) caused a spur of panic on the crypto exchanges. Calm now appears to have returned as Bitcoin found support right at the key $25,200 level. Big […]
Cameron Winklevoss and his brother Tyler became world famous when they appeared in the movie ‘The Social Network’ about the origins of Facebook. According to the twins, they had the original idea for Facebook and Mark Zuckerberg stole their idea. They took him to court and Mark had to pay both gentlemen a fine. With […]
Even though Bitcoin and Ethereum were clearly spared from this weekend’s declines, they too have seen drops of around 4% and 7% over the past week. News that Robinhood, still the most popular mobile phone trading app in the US, is planning to ban more altcoins, could also lead to further selling pressure in the […]
Many factors have affected the crypto market in the last few days, especially the crackdown on crypto exchanges in the US. The market seems to have recovered from the effect, and is back on track but there are other forces at play. As of Saturday 10 June, bitcoin’s dominance rose sharply to 47.5%, the highest […]
As I’ve been writing a daily crypto article for some years now, I can assure you that the significance of 14 April 2021 is quite big for the cryptosphere. On that day, Bitcoin traded at a record price and Coinbase was listed for the first time on the New York Stock Exchange. From then on, […]
Several CEOs of companies mostly involved in Bitcoin mining have noticed after reading the now infamous SEC charges against Binance and Coinbase that the coins against which the authorities are acting, seem to be the smaller ones in the Coinmarket top 20. That is probably also why Bitcoin and Ethereum have remained virtually unchanged in […]
The fear that Bitcoin would crash after the SEC’s charges against both Coinbase and Binance is apparently smaller than the fear of having to sell your Bitcoins at a good time. This seems to be how the market reacts to the news coming out of the United States. Investors are clearly not very frightened by […]
Because of the SEC’s charges against both Binance and Coinbase, respectively the largest crypto trading platform in the world and the largest US crypto platform, Bitcoin fell to $25,000, its lowest level since approximately mid-March. However, the largest digital coin refused to fall below its 200-day moving average. After that Whales saw their chance and […]
