Day: December 22, 2020

Claim 0.1596 Bitcoin Every 30 MINUTES without investment – New Bitcoin Faucet Site

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Indicator Shows Whale Selling Pressure on Bitcoin is Growing; What This Means

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Bitcoin’s price action has been choppy to say the least, with its recent rally to fresh all-time highs of $24,200 being rapidly sold into by whales and other large investors, who forced the price down to lows of $22,000 before the selloff reversed. In the time since, the crypto has been consolidating, seeing multiple movements in both directions that have done little to provide insight into its near-term outlook. It still faces multiple hurdles before it can form a new leg higher, with bears lacing serious resistance throughout the lower-$24,000…

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Do or die as Ether price drops to a critical level against BTC

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It’s been all about Bitcoin (BTC) in recent months with altcoins suffering as a result and BTC dominance reaching a new local high of 67.5% over the past few days. However, a reversal typically occurs once altcoins start to show such major weakness and altcoin traders are in depression. The leading indicator for such a U-turn is Ether (ETH), which is now in a do or die position against its BTC pair. New higher high for ETH in first uptrend since bear market ETH/USD 1-week chart. Source: TradingView The chart…

Traditional banks offer digital asset custody amid compliance legislation

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More and more traditional banks have started announcing support for digital assets as the price of Bitcoin (BTC) continues to make headlines for record-breaking all-time highs. Even major banks like JPMorgan Chase, which previously frowned upon Bitcoin, have taken a newfound interest in the cryptocurrency. Contrary to what Goldman Sachs stated recently, JPMorgan’s strategists have noted that “the price of gold would suffer from a structural flow headwind over the coming years” due to Bitcoin’s growth.  While JPMorgan Chase is clearly taking a softer stance on Bitcoin, some leading banks are…

SEC Filing Shows Anthony Scaramucci Plans to Start a Bitcoin Investment Fund

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According to an official filing with the U.S. Securities and Exchange Commission (SEC), investor and former Trump White House aide Anthony Scaramucci is poised to start a bitcoin-related investment fund. Another Bitcoin Fund on the Horizon? The amount of mainstream attention and adoption bitcoin (BTC) has witnessed throughout 2020 has been unprecedented. Several companies like MicroStrategy, Square, and Guggenheim Investments, among others are actively buying the premier cryptocurrency as a hedge against the greenback. In terms of adoption, several erstwhile Wall Street bitcoin critics have now turned their opinion on…

OKCoin says crypto industry lacks means to comply with new US Treasury proposal

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U.S. Treasury Secretary Steven Mnuchin recently dropped a proposal requiring exchanges and crypto platforms to verify the identity of customers exporting digital assets to self-hosted wallets. Crypto exchange OKCoin noted the proposal would create additional work for exchanges.  “Upon preliminary review of the FinCen [Financial Crimes Enforcement Network] proposal as well as the wallet verification requirements, I think the proposal of extending the CTR requirement to crypto exchanges and having to collect the physical address of the recipient would mean great operational and administrative burden for exchanges,” OKCoin’s chief compliance…

BTC price rises 5% after US Congress passes ‘$900 billion ad for Bitcoin’

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Bitcoin (BTC) price hit highs above $23,500 on Dec. 22 as Monday’s weakness flipped to see bulls challenge previous levels. BTC price in 5.2% daily gains Data from Cointelegraph Markets, Coin360 and TradingView show BTC/USD returning to positions lost over the weekend, topping out at $23,625 at publishing time. After plugging $21,800 on Monday, the markets have set a different tone today, with Bitcoin gaining over 5% and adding $1,200 in just six hours. BTC/USD hourly chart (Bitstamp). Source: TradingView Macro factors combined to support Bitcoin’s appeal, with the United…

Google Teamed Up With Facebook To Tackle Antitrust Lawsuits- WSJ

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Following the unrelenting push by the authorities to break up Google, an offshoot of Alphabet Inc with antitrust lawsuits, the company has reportedly made the provisions to team up with Facebook Inc in its attempt to fight whatever investigation that may arise. This claim is according to the Wall Street Journal who reviewed an unredacted version of a lawsuit filed by 10 states against Google last week, both companies had reportedly agreed to “cooperate and assist one another” if they ever faced an investigation into their pact to work together in…