Day: March 4, 2021

Bitcoin price charts hint at another drop after failing to break $52K

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Bitcoin (BTC) has halted its bull run in the past few weeks as the price has corrected from an all-time high of $58,000 to around $43,000. Several arguments were found for the pullback, including a sell-off from miners and whales. The other primary reason for the correction is the sudden surge of yields across the world. Downtrend remains intact since $58,000 BTC/USD 2-hour chart. Source: TradingView The 2-hour chart for Bitcoin shows a clear downtrend since the peak high in February at $58,000. Since then, bearish support/resistance flips have been…

Netflix Launches TikTok-Styled Feature ‘Fast Laughs’

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Clips on Fast Laughs can be saved to watch later by adding it to “My List,” a feature that already exists on the Netflix app. American content platform and media production company, Netflix Inc (NASDAQ: NFLX) has launched a TikTok clone dubbed ‘Fast Laughs,’ a way for people to see something funny while maintaining a presence to watch more videos on the app. The Fast Laughs feature is not a new app, rather, it is a new feature designed to complement the offerings of the Netflix library. Besides being able…

Bitcoin Replacing Gold is Happening – Bloomberg Report

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Quick summary: Bitcoin is replacing gold in investment portfolios is accelerating Bitcoin has gained legitimacy with declining volatility and is increasingly becoming a global digital store of value $100k is the logical next threshold for Bitcoin Short-term, Bitcoin could dip to $42kdue to a weakening stock market The team at Bloomberg has released their monthly Bitcoin Outlook report in which they propose that BTC is slowly replacing the precious metal of gold on investment portfolios. Furthermore, Bitcoin has gained a level of legitimacy with a decline in volatility as explained…

Bitcoin on Back Foot as Focus Turns to Powell Speech; What to Expect?

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Bitcoin dropped during Asia-Pacific and European trade Thursday as rising bond yields prompted concerns that central banks may begin tightening monetary policies sooner-than-expected. The benchmark cryptocurrency fell up to 3.59 percent to $48,562, extending its decline after setting up a week-to-date high level at $52,666 in the previous session. Elsewhere in the crypto market, high-cap tokens including Ethereum, Cardano, Binance Coin, and others also plunged lower under Bitcoin’s influence, pointing to coordinate selling by daytraders to secure short-term gains. Bitcoin sells off at levels above $52,000. Source: BTCUSD on TradingView.com…

How wallet platforms are taking on exchanges

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One of the biggest trends in recent months has seen Bitcoin flow out of exchanges into wallets. Generally, this is interpreted as a bullish sign — indicating that investors are optimistic about further growth in cryptocurrency prices.  But delve deeper, and there’s more to this than meets the eye. The crypto industry has grown immeasurably over recent years — making stars out of a number of exchanges. Platforms such as Binance and Coinbase now handle billions of dollars in trading volumes every day. With this come concerns that centralization is…

Bitcoin price is going to ‘infinity’ — Kraken CEO

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Bitcoin (BTC) will be worth “infinity” and humanity will soon give up pricing it in U.S. dollars, says the CEO of cryptocurrency exchange Kraken. Speaking to Bloomberg on March 4, Jesse Powell was characteristically bullish on Bitcoin as BTC/USD broke above $50,000. Powell: $1 million Bitcoin in ten years “reasonable” “Of course, you know, we can only speculate, but when we measure it in terms of dollars, you have to think it’s going to infinity,” he told Bloomberg TV about future price trajectory. “This national currency’s only fifty years old,…

CleanSpark brings in $873K in Bitcoin mining revenue as price of Bitcoin reaches new high

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CleanSpark Inc (NASDAQ:CLSK) CEO Zach Bradford tells Proactive it has produced just over 31 Bitcoins since its acquisition of ATL Data Centers LLC on December 10. Bradford says in 2021 alone, production has exceeded 4.3 Bitcoins. Bitcoin prices reached a new high Wednesday, soaring to $35,055.40 and the company’s mining has resulted in roughly $873,000 of revenue since the closing of the transaction. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Brave Acquires Tailcat to Offer Private Search Alternative to Google Search and Chrome

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Brave has made significant progress in its active monthly users over the past few years with even higher numbers expected to be recorded with their latest acquisition.  In a bid to provide a private alternative to Google Search and Google Chrome, Brave Software Inc has acquired the Tailcat search engine of Hubert Burda Media to push that agenda. This makes them the first private alternative to these heavyweight platforms having decided to offer their services on both Desktop and Mobile devices. Tailcat is an open search engine and will become the…

Kraken CEO Jesse Powell Says Company May File for IPO ‘Sometime Next Year’

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In the interview with Bloomberg, Powell noted that Kraken currently has “no reason” to raise new capital. The CEO, however, pointed out that the company may seek to accelerate its acquisitions. The founder and CEO of US-based cryptocurrency exchange Kraken Jesse Powell said that the company may file for an initial public offering (IPO) in the coming year. Although Powell said the listing may come “sometime next year,” the CEO added that there are “no guarantees.” Kraken CEO Says Company May File for IPO in 2022 Kraken CEO talked about the…

Coinbase CEO tops China’s Hurun list of blockchain billionaires

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The CEO of the United States’ largest cryptocurrency exchange, Coinbase, has topped the list of global industry billionaires by China’s Hurun Research Institute. Issued on March 2, the latest Hurun report provides a brief overview of the world’s richest, stating that the number of global billionaires has surged nearly 50% to hit over 3,000 people over the past five years. The report includes 17 “blockchain billionaires,” or industry entrepreneurs who made their fortune “mainly from cryptocurrency” as of January 2021. According to the report, Coinbase CEO Brian Armstrong is the…