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Day: December 21, 2020
MicroStrategy CEO Offers to Share His BTC Investment ‘Playbook’ with Elon Musk
However, at the current moment, there is no indication whether Elon Musk will take the MicroStrategy BTC investment advice. There was a conversation among top Twitter icons over the weekend that featured Michael Saylor, the Chief Executive Officer of MicroStrategy Incorporated (NASDAQ: MSTR) offering to share his Bitcoin (BTC) investment playbook with Elon Musk, the iconic CEO of Tesla Inc (NASDAQ: TSLA). The entire conversation was initiated by Elon Musk when he posted a meme suggesting that he is distracted by Bitcoin (BTC). Saylor jumped into the conversation by advising Musk…
Bitcoin Hits New All-Time High at $24,000, Generates Over 90,000 Tweets
The surge in the price of Bitcoin is now a topic of discussion on social media platforms. The price of Bitcoin reached a new all-time high of $24,000 on the 19th of December which has been reflected in thousands of tweets. On the day, the king coin traded at $24, 210 but later slightly dropped. At press time, Bitcoin is up 1.5% and is trading at $23 839. After pulling gains amid several bullish predictions over the past months, Bitcoin crossed the $20,000 landmark on the 16th of December. At…
Crypto Exchange Users May Soon Be Forced to KYC Their Digital Wallets: FinCEN
Users of cryptocurrency exchanges in the United States may soon be obligated to hold digital wallets that comply with KYC (know-your-customer) requirements, according to a recently published advanced notice of proposed rulemaking by the US Financial Crimes Enforcement Network (FinCEN.) The proposed rule would require users of centralized cryptocurrency exchanges who wish to send then cryptocurrencies from their exchange accounts into private digital wallets may be forced to provide personal information about the owner of the wallet. According to FinCEN’s proposal, the proposed rule would only apply if users want…
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Binance Coin (BNB) Rally Reaches Crucial Juncture, Why It Could Test $40
Binance coin price is up over 7% and it is outperforming bitcoin against the USDT. BNB could rally further if it clears the $35.50 resistance zone in the near term. Binance coin price is gaining bullish momentum above the $32.00 resistance against the USDT. The price is testing a major hurdle near $35.50 and the previous swing high. There was a break above a crucial bearish trend line with resistance near $28.00 on the 4-hours chart of the BNB/USDT pair (data source from Binance). Bitcoin price is consolidating above $23,000…
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Why Ethereum (ETH) Looks Set For Another Leg Higher Over $650
Ethereum corrected lower, but it remained well bid above $625 against the US Dollar. ETH price is currently rising and it looks set for a surge above the $650 resistance. Ethereum is trading nicely above the $620 and $630 support levels. The price is back above the $640 level and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $625 on the hourly chart of ETH/USD (data feed via Kraken). The pair is showing a lot of positive signs and it could…
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