13-JAN-2021

1 week ago

Bitcoin price risks revisiting $30,000 while Goldman Sachs reckons that BTC has matured as an asset – via CoinGape
According to the head of commodities research at Goldman Sach’s, Jeff Currie, Bitcoin’s “market is beginning to become more mature.” However, its volatility increases the risks of exposure. To bring down this volatility, Bitcoin needs more institutional money to stream in. Curries said on Monday that at the moment, Bitcoin has very little institutional backing, “roughly 1% of it (Bitcoin’s $600 billion) is institutional money.”

1 week ago

Programmer admits losing his Bitcoin portfolio worth over $200 million – via Cryptopolitan
Imagine rightfully owning over a hundred million dollars but unfortunately inaccessible because of the same security measure you took to safeguard it? Indeed, such scenarios can be frustrating. A computer programmer, Stefan Thomas, recently narrated a similar story to the New York Times, saying he lost access to his Bitcoin portfolio, which contained more than $200 million worth of Bitcoin (BTC), following the current price of the cryptocurrency.

1 week ago

Former Overstock CEO, an Early Bitcoin Champion, Banned by Twitter – via Decrypt
Patrick Byrne was once the poster boy for corporate adoption of Bitcoin. He’s spent the last few months pushing election conspiracy theories. Patrick Byrne, the former Overstock.com CEO and a Bitcoin evangelist, has been permanently banned by Twitter. His account was removed at some point Tuesday. Twitter has yet to respond to a request for comment from Decrypt, but the suspension likely results from his continued claims that the 2020 US election was rigged—claims that took on a more serious tone after the US Capitol was overrun by Pro-Trump protestors last week.

1 week ago

Landmark Real Estate Listing Offers Two New York Bars For 25 Bitcoin – via NEWSBTC
Bitcoin is making history, and people everywhere want to be apart of it. The cryptocurrency has attracted all sorts of speculators, ranging from retail investors to institutions, and now even corporations. It also has one New York bar and restaurant owner wanting to make history by betting his two businesses on Bitcoin and is offering them up for sale in exchange for 25 BTC.

1 week ago

EX-CFTC Chair Gary Gensler Poised to be New SEC Lead, What to Expect for Bitcoin? – via CoinGape
Wall street is busy today with rumors of Ex-CFTC chair Gary Gensler to be named new SEC lead by the current Biden government as reported by bloomberg. Gary Gensler is also a blockchain professor at MIT and comes with a good background in cryptocurrencies.

1 week ago

Bitcoin Daily MACD Flips Red For First Time Since $20K Was Taken – via NEWSBTC
Bitcoin yesterday saw its largest daily red candle in its history in terms of total dollars moved. Today, the selling has continued, and it has caused the MACD to turn bearish for the first time since the leading cryptocurrency by market cap took out $20K. Is this a sign of a short term reversal, or is the top of the bull market already here? Here’s what the Moving Average Convergence Divergence indicator says about the recent price action in crypto.

1 week ago

German Authorities Seize Dark Web Marketplace Using Bitcoin and Privacy Coins – via CoinGape
DarkMarket, a deep-web-based illegal marketplace offering ban substances and drugs to users was seized by German law enforcement today as per a report from Dark.Fall. The dark web marketplace was operating for over 7 years and the admins running the platform was identified as a 34-year old Australian man who was arrested by the German authorities.

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