Day: February 17, 2021

Bitcoin mania ‘not a fad,’ says Wedbush analyst

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Wedbush Securities, a prominent wealth manager based in Los Angeles, believes Bitcoin (BTC) is becoming a permanent fixture in the global financial marketplace. Managing director Dan Ives informed clients on Wednesday that corporate adoption of Bitcoin represents a much bigger story than merely predicting the digital currency’s future price. “We believe the story and theme here is much larger than just investing in Bitcoin and predicting its future price, but rather around the potential ramifications that crypto, blockchain, and bitcoin could have across the technology and corporate world for the…

North Koreans Stole $100M From Crypto Firms, US Alleges

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The U.S. Department of Justice (DOJ) has charged three North Korean computer programmers with theft and extortion on various allegations, including stealing over $100 million in cryptocurrencies between 2017 and 2020. The thefts are part of a broader conspiracy in which the alleged hackers steal over $1.3 billion, the DOJ announced Wednesday. In a related second case, a Canadian-American was charged with participating in a money laundering scheme. In a statement, Assistant Attorney General John Demers said, “as laid out in today’s indictment, North Korea’s operatives, using keyboards rather than…

Bitcoin Poised for Short-Term Gains Past $51K as MicroStrategy Upsizes Debt Deal

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Bitcoin’s rally could continue in the short term, analysts and traders said, after the largest cryptocurrency by market cap surged on Wednesday to a new all-time-high price above $51,000.  At press time, bitcoin’s price is above 10-hour and 50-hour moving averages on the hourly chart, a bullish signal for market technicians.  “On the hourly time frame, bitcoin has a short-term support in the zone between $50,000 and $50,600 and an immediate resistance at $51,600,” Hunain Naseer, senior editor at OKEx Insights, told CoinDesk. Ki Young Ju, CEO of South Korea-based…

Bitcoin News Roundup for Feb. 17, 2021

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With BTC surpassing $51K and analysts remaining bullish on the price, CoinDesk’s Market Daily is back with the latest news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io. Analysts are still mostly bullish on the cryptocurrency’s price, even at lofty levels compared with those just a few months ago. Original

Blockchain.com raises $120M funding round to grow institutional business

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Several notable macro investment funds joined the round, including Moore Strategic Ventures, Access Ventures, Rovida Advisors, Lightspeed Venture Partners, Google’s investment spin-off GV, Lakestar, Eldridge, Hayman Capital’s Kyle Bass and others. The funding will be used to bolster Blockchain.com’s growing Institutional Markets business. The company recently expanded its suite and began offering crypto custody, trade execution and lending services tailored for institutional investors. Blockchain.com’s main business was a multi-cryptocurrency wallet, which processed 28% of all Bitcoin (BTC) transactions, the company says. Since then, the company has launched an exchange and…

THIS BITCOIN & ETHEREUM PRICE PREDICTION FOR DECEMBER 2021 WILL BLOW YOUR MIND!!!! [1‘000x Altcoin]

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin [BTC] has closed the year at highs unimaginable yet Bitcoin [BTC] will keep pumping into 2021 and beyond and we talk about where we see the price of both Bitcoin [BTC] and Ethereum [ETH] in the coming year. Also we talk about our top altcoin that will go to 1000x or more. Bitcoin is a digital crypto and global money system currency. I talk about technical analysis of Bitcoin(BTC), Ethereum(ETH), and crypto and how I make money trading BTC. Bitcoin allows…

Bitcoin price eyes $63K next as rising BTC dominance puts altcoins at risk

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The current Bitcoin (BTC) price bull run seems almost unstoppable right now as BTC has just notched another new high on Feb. 17. The psychological barrier of $50,000 finally broke yesterday after multiple tests of this level in the previous week. In addition, banks are revealing their interest in BTC and more public companies are starting to hop on the Bitcoin bandwagon as the first German company revealed its position today. This rally could now extend to $63,000. Meanwhile, altcoins are feeling some pain in their BTC pairs as a result while…

What are privacy coins and how do they differ from Bitcoin?

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Cryptocurrencies are typically pseudonymous, but not necessarily private. Bitcoin (BTC) and other assets run on blockchains, with each transaction posted publicly online. During a transaction between two or more parties, assets move to different wallets, each represented by a string of characters.  With these addresses and transactions visible to all, however, a certain level of trackability exists, especially if a wallet transfers funds to an exchange requiring Know Your Customer verification. Certain crypto assets, which are often referred to as privacy coins, private coins or anonymous coins, attempt to hide…