Day: July 26, 2019

83% of US Investors Would Dip Their Toes Into Bitcoin: New Report

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A new study found that 83% of American investors would consider a preliminary investment in Bitcoin, as the asset gains traction among an ever more mainstream audience. ‘Me and you and everyone we know’ According to the 2019 Investor Study published by digital asset management fund Grayscale Investments this month, the demographics, attitudes, and beliefs of Bitcoin (BTC) investors overlap considerably with those of the traditional investor.  Demographics of Bitcoin and “average” investors. Source: Grayscale Investments While Bitcoin investors may be slightly more experienced and risk-tolerant than the so-called average…

Why the Bitcoin Price Dropped to $9,514 in Overnight 6% Slip

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Overnight, within 10 hours, the bitcoin price dropped to $9,514 in an abrupt decline from $10,177 by more than 6.5 percent. The move has been interpreted as a largely technical move triggered by the failure of the dominant crypto asset to test key resistance levels above $10,000. Where is bitcoin heading? Prior to the decline below $10,000, which has been regarded as a key psychological level by many investors, technical analysts stated that the asset has seen strong resistance above $10,100 and the struggle to test the level could result…

Safeway Shoppers Can Now Get Bitcoin Back as Change at 894 US Stores

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Bitcoin (BTC) rewards shopping app Lolli has partnered with major American grocery chain Safeway to give customers 3.5% back in Bitcoin on all their purchases.  Making Bitcoin ‘part of everyday life’ According to a blog post announcing the new partnership on July 25, Safeway — and Albertsons Companies’ subsidiary — operates 894 locations across 17 American states.  The system will reward customers in Satoshis (sats) — the name given to one hundred millionth of one Bitcoin — the smallest unit of the cryptocurrency. In an interview with Yahoo! Finance, Lolli…

Venezuela’s Largest Department Store Begins Accepting Crypto Petro – CCN Markets

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Venezuelan president Maduro’s controversial oil-backed cryptocurrency gains further acceptance. | Source: Shutterstock The Venezuelan Petro could be on its way to becoming a cryptocurrency with real use cases. Today, with no big advertisements or fanfare, reports and pictures appeared that Traki, one of the largest department stores in the country, started the day with posters announcing the acceptance of Petros as a means of payment. CCN confirmed that Traki did not place such “Petro Accepted Here” banners in all its branches. However, that policy could replicate to the rest of…

Bitcoin is Actively Becoming a Store of Value

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Judging by recent news, Bitcoin has once again hit a new record! This time it’s the amount of Bitcoin supply which hasn’t been moved for more than five years. It reached an all-time high of 21,6%. Recently, Matt Odell from the Tales Of The Crypt podcast shared an interesting tweet. He says that the amount of Bitcoin supply which hasn’t been moved or touched has reached an all-time high of 21,6%. “The amount of Bitcoin (BTC) supply that has been untouched (i.e. not transferred) for at least five years recently…

Crypto Giants Raise Nearly $800 Million Using Bnk to the Future Platform

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Crypto fims leverage the Special Purpose Vehicles (SPVs) facilitated by the Bnk to the Future platform, an offshore company, without exposing themselves to the regulatory scrutiny. While many of us might believe that the regulatory inaction is causing crypto companies to go into hiatus, it’s not entirely true! Crypto companies including some giant names like Kraken, Coinbase, and Ripple have leveraged the not-so-famous platform called “BnkToTheFuture” to raise millions of dollars from the investors while effectively managing to stay away from the ambit of the regulators. As per the report…

Why Wait for Facebook? China Can Issue Its Own ‘Libra’

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The CEO of Chinese tech giant Huawei thinks that China can compete with Facebook for market share by issuing its own digital currency. Huawei CEO: ‘Why wait for others to issue it?’ As national news outlet Sina reported quoting a press conference in Italy on July 18, Ren Zhengfei believes China can easily create a digital currency with the same value proposition as Facebook’s Libra. “China can also issue such a currency by itself. Why wait for others to issue it? The power of a country is always stronger than…

Venezuela’s Largest Department Store Begins Accepting Crypto Petro

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The Venezuelan Petro could be on its way to becoming a cryptocurrency with real use cases. Today, with no big advertisements or fanfare, reports and pictures appeared that Traki, one of the largest department stores in the country, started the day with posters announcing the acceptance of Petros as a means of payment. CCN confirmed that Traki did not place such “Petro Accepted Here” banners in all its branches. However, that policy could replicate to the rest of the locations in a short time after they succeed in Caracas. A…

Bitcoin Price (BTC) Targets Fresh Weekly Lows After Failed Breakout

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Bitcoin price failed to continue above the $10,200 resistance and declined recently against the US Dollar. The price traded below the $10,000 and $9,800 support levels to move back in a bearish zone. There is a new connecting bearish trend line forming with resistance near $10,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently holding the $9,650 support, but it remains at a risk of more downsides. Bitcoin price is facing an uphill task near $10,000 and $10,200 against the US Dollar.…

Crypto Market and Bitcoin Reversing Gains: BCH, EOS, TRX, ADA Analysis

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The total crypto market cap failed to break the $270.0B resistance and recently declined below $260.0B. Bitcoin price is down around 4% and it recently broke the $10,000 support area. EOS price is somehow holding gains and it could find support near the $4.400 level. BCH price failed to stay above the $300 support and traded towards the $295 level. Tron (TRX) price is down 5% and it may soon test the $0.0220 support area. Cardano (ADA) price failed to climb above the $0.0600 resistance and declined below $0.0580. Bitcoin…