Massive Liquidity to Hit Bitcoin, Equity Markets in 2021: Veteran Investor
The Bitcoin market could benefit from a massive liquidity injection entering 2021, according to veteran investor Dan Tapeiro. The DTAP Capital founder made the analogy after noticing the S&P 500 index chasing the US M2
Bitcoin Eyes $14K as US Dollar Breaks Below Classic Support
Bitcoin pressed higher on Wednesday after finding reliable support at $10,500. The upside move appeared as the US dollar index broke below its classic trendline support that originated back in 2011. With greenback setting new
US Congressmen Want IRS to Balance Taxation and Innovation in the Cryptocurrency Space
A bipartisan quartet of US congressmen wants the IRS taxation policy not to dissuade taxpayers from participating in blockchain token staking. These politicians believe America’s ingenuity can help drive this promising staking technology. The four
Peer-to-Peer Bitcoin Trading Tops $95 Million as Sub-Saharan Africa Records Set All Time High
Weekly peer-to-peer bitcoin trading volumes topped $95 million globally with several countries recording new all-time highs for the year. The record trading volumes coincided with the most bullish week for cryptocurrencies with bitcoin (BTC) briefly
Cash App Bitcoin Revenue, Profits Increase 600% Year-Over-Year On “Rising Demand”
Square Inc’s Cash App is just one of many ways CEO Jack Dorsey is exposing the public to Bitcoin. The payments firm added support for cryptocurrency purchasing in 2018 during a bear market, but demand
Genesis Reports Q2 Crypto Loans Spiked 118% to $1.4 Billion Amid Rising Yield Farming Interest
Genesis Capital said Tuesday that its total number of loans outstanding more than doubled to $1.4 billion for the second quarter to June, up from $649 million three months earlier. The crypto lender, which targets
A $12K-Retest for Bitcoin Likely On-Chain Activity Suggests
Bitcoin could hit $12,000 or break above it in the coming sessions as its on-chain activity spikes. According to behavioral analysis platform Santiment, the number of daily active addresses climbed above 1 million on August
A Massive Bitcoin Bull Run Awaits as Fed Confirms 2% Inflation Target
A high inflation environment is creating more upside opportunities for Bitcoin as the cryptocurrency trades near its 11-month high. Recent statements from the Fed officials confirm that they are targeting a 2 percent inflation by
Crypto Derivatives Set New Records, ETH Futures Set All-Time Highs, CME Open Interest Spikes
Digital currency derivatives have been on fire during the last two weeks as ethereum futures volumes touched an all-time high on Sunday. The popular derivatives trading platform Deribit saw 1.9 million ETH contracts traded and
Government Official Updates Progress of India’s Cryptocurrency Law
A government official has reportedly confirmed that a “note” regarding the legal framework for cryptocurrency in India has been forwarded to related ministries for inter-ministerial discussions. It would then be presented to the cabinet for
Bitcoin is Overvalued at $11,000, Analyst Explains Why
Bitcoin stands overvalued at $11,000 in the short-term, according to analysts at Phi Deltalytics. The statement followed a drop in net positions on Chicago Mercantile Exchange’s Bitcoin Futures last week. It showed institutional investors are
UBS Expects Gold to Hit $2,000; What Does It Mean for Bitcoin?
UBS Global predicts that gold would climb to $2,000, at least by September, just as the metal’s correlation with Bitcoin reaches a new high. Wayne Gordan, executive director of Commodities and Forex at UBS, projected
Government-Owned Swiss Bank Launching Crypto Trading and Custody Services
Basler Kantonalbank (BKB), Switzerland’s eighth-largest bank, is getting into crypto through its subsidiary, Bank Cler. Owned by the Swiss Canton of Basel-City, BKB has total assets of approximately $49 billion. Swiss Canton Bank Launching Crypto
Indians Five Times More Likely to Suffer Crypto-Related Hacks: Report
People in India are five times more likely to suffer a cryptocurrency mining hack because of poor consumer awareness, according to a new security report by Microsoft. In its findings published July 29, Microsoft notes
