Day: August 15, 2023

Renowned Finance Author Says Bitcoin Price Will Reach $1 Million If This Happens

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Bitcoin’s creator, Satoshi Nakamoto, created Bitcoin in response to the 2008 financial crisis as an alternative to government-controlled money. Since then, Bitcoin has gone to spearhead the crypto industry, with many investors calling it digital gold. Now, renowned finance author Robert Kiyosaki has argued that Bitcoin price could reach $100,000 soon and go as high as $1 million. Bold Prediction On Bitcoin Robert Kiyosaki, best known for his bestselling book ‘Rich Dad Poor Dad,’ is known to make very bullish predictions on the price of Bitcoin. In a recent post…

US Fed incorporates DLT for its new service

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Fed has incorporated Dropp, a Hedera-based micropayments platform using DLT technology, into its recently launched FedNow service. FedNow connects financial institutions, businesses, and service providers to bolster digital payments infrastructure. Dropp is expected to facilitate low-fee payments, manage incoming payments, and process diverse customer credit transfers. US regulatory landscape intensifies Recent months have seen heightened regulatory scrutiny in the US crypto domain. The Fed introduced the “New Activities Supervision Program” to monitor banks’ crypto activities.…

Coinbase political initiative features US lawmaker who admitted to ethics violations

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United States-based cryptocurrency exchange Coinbase’s latest push advocating for crypto holders to “speak directly to lawmakers” featured a House of Representatives member who previously acknowledged 11 ethics violations. As of Aug. 15, more than 54,000 individuals had signed on to Coinbase’s “Stand with Crypto Alliance” in an effort to engage with U.S. lawmakers at the federal level. The initiative allows users to view the “crypto sentiment” of members of the U.S. Senate and House of Representatives. List of elected representatives. Source: standwithcrypto.org At the time of publication, the initiative’s landing…

This Event Causes Bitcoin Traders’ Sentiment To Rise, Will BTC Surpass $30,000?

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The Bitcoin price continues to compress around its current levels, but during today’s trading session, there was an uptick in volatility. The rise in this metric could hint at a shift in the narratives influencing BTC’s price action. As of this writing, Bitcoin trades at $29,300 with sideways movement in the last 24 hours. In the previous seven days, the cryptocurrency saw similar action pushing other assets in a similar direction or no direction as the sector flatlines in the short term. BTC’s price is moving sideways on the daily…

The Subtle Signs A Bullish Bitcoin Trend Is Brewing

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Bitcoin price remains stagnant for going on months now, with no clear trend developing and volatility in a downward spiral. However, some subtle signs are popping up that could suggest that a bullish Bitcoin trend is beginning to take shape. Make Friends With Strong Trends “The trend is your friend” is one of the most famous trading quotes, highlighting how capturing as much of the prevailing trend as possible can lead to the most profitable results. For this reason, in technical analysis, trend-following tools are among the most successful. But…

Is Bitcoin’s record-low volatility and decline in short-term holders a bull market signal?

The latest report from Glassnode Insights, titled “The Week On-Chain,” emphasized that Bitcoin (BTC) has reached historically low levels of volatility. This has led to a mere 2.9% separation between the asset’s Bollinger Bands, indicating an exceptionally narrow trading range.  This situation has only been observed twice in Bitcoin’s history: in September 2016, when BTC traded near $604, and in January 2023, when the asset maintained a steady value of $16,800. As outlined in the report, periods of reduced volatility, combined with investor fatigue, prompt the movement of coins based…

Chiliz Empowers Smart Contracts With Upgrades

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Chiliz, the pioneering sports blockchain platform, is set to make waves once again as it teases forthcoming upgrades to its smart contracts. In a recent tweet, Chiliz unveiled its plans to enhance the functionality of its smart contracts, showcasing the company’s ongoing commitment to providing a seamless and efficient experience for its users.  Chiliz has been a trailblazer in the sports and entertainment industry, utilizing blockchain technology to bridge the gap between sports fans and their favorite teams. The platform’s innovative approach allows fans to engage with their chosen teams…