Day: August 23, 2020

Altcoins Likely to Continue Rallying as Bitcoin Price Stabilizes

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Bitcoin and the aggregated crypto market have seen some mixed price action over the past few days, with major digital assets showing signs of weakness while smaller market cap altcoins continue seeing bullish price action. Both BTC and ETH did place some pressure on the entire market overnight, sparking a retrace amongst most altcoins. That being said, the benchmark cryptocurrency is now showing some signs of strength as it holds above a crucial support level. One analyst believes that its ability to hold above this level could be enough to…

Canadian Restaurant Chain Tahini’s Converts All Cash Reserves Into Bitcoin

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Canada-based Middle Eastern restaurant chain Tahini’s has converted all of its cash reserves into bitcoin. The company says bitcoin offers a much better alternative to cash savings. From Cash Savings to Bitcoin Middle Eastern restaurant chain Tahini’s has announced via Twitter that its entire cash reserves have been converted into bitcoin. Tahini’s is a small company that started in London, a Canadian city in southwestern Ontario. The Mediterranean restaurant chain currently operates four locations, with three franchise locations about to open up in Ontario. The company tweeted on Tuesday: We…

Analysts Fear a Strong US Dollar Will Dampen Bitcoin’s Bullish Momentum

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On Aug 21, Bitcoin (BTC) price declined by more than 3% from around $11,880 to $11,511 on Coinbase. Coincidentally, the U.S. Dollar Index (DXY) started to rebound from its 4-month downturn. BTC/USD daily chart. Source: TradingView.com As the dollar increased by 1.3% from $92.28 to $93.20, Bitcoin, major cryptocurrencies, and gold fell in tandem. The seemingly inverse correlation between the dollar and Bitcoin might indicate that the weakening dollar partially catalyzed BTC’s recent rally. Will a strong dollar rally reverse Bitcoin’s momentum? Since the major Black Thursday Bitcoin correction, analysts…

MetaMask Updates User License, Some Users Need to Pay Fee

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MetaMask announced it had made updates to its products’ use license. The company stated in a press release published on its blog that the new updates will not have any impact on all end-users, most application developers and non-profits and will be free of charge for those groups. The company clarified that it would continue publishing and iterating upon the wallet provider API in the public sphere, ensuring a widely cross-compatible ecosystem of applications. It added it would remain committed to publishing all code in a public repository. What about…