Bitcoin analysis sees $74K next as BTC price tries to hold 7.5% gains
BTC price action has its doubters after swiftly jumping to new May highs, but some see Bitcoin continuing upward momentum into price discovery.
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El Salvador’s Bitcoin wallet Chivo scores $52M in remittances in 2022
El Salvador payment app Chivo processed $52 million in remittances over the past 6 months, as expatriates make use of commission-free BTC transfers. 323 Total views 5 Total shares Salvadorans living abroad have sent over $50 million in remittances from January to May this year, according to the El Salvador Central Reserve Bank.Douglas Rodríguez, president…
Macro factors could bring Bitcoin to $1 trillion market cap, strategic investor says
Strategic investor Lyn Alden says the 2020 macroeconomic environment is extremely favorable to Bitcoin. 625 Total views 13 Total shares Strategic investor Lyn Alden believes Bitcoin’s growing network effect coupled with favorable macroeconomic factors may bring its market capitalization to $1 trillion in the next few years. Back in 2017, Alden was skeptical toward Bitcoin (BTC),…
XRP hits 13-month high versus Bitcoin with 35% daily surge — But is a correction inevitable?
XRP price posted a sharp rally against Bitcoin (BTC) on continued optimism about a potential settlement between Ripple, a San Francisco-based blockchain payment firm, and the U.S. Securities and Exchange Commission (SEC).Settlement rumors fuel XRP price boom On Sep. 23, the XRP/BTC pair surged to 0.00002877 — its best level in 13 months — from 0.00002132, a…
Overview of Software Wallets, the Easy Way to Store Crypto
Similar to a bank account for fiat currency, a crypto wallet is a personal interface for a cryptocurrency network that provides reliable storage and enables transactions. Whether a cryptocurrency is securely stored or not, much depends on the wallet, which is only as secure as its private keys.Wallets are generally either hot or cold. The…
FTX former lead engineer in talks with federal prosecutors in Bankman-Fried case
A third former FTX-linked executive is reportedly considering providing evidence against Sam Bankman-Fried in an attempt for a more lenient sentence. 508 Total views 1 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as an NFTAs the investigation into FTX continues, the crypto exchange’s former engineering chief Nishad Singh followed former FTX and Alameda…
Riot Blockchain stock plunges 20% following parabolic rally
The crypto mining company has been on an absolute tear this month. On Thursday, the stock corrected sharply lower. 3633 Total views 11 Total shares Shares of crypto mining company Riot Blockchain (RIOT) plunged on Thusday, giving back a portion of a parabolic rally that was largely driven by news of a major boost in…
Revealed: How Many Coins Are in the Best-Performing Crypto Portfolios
A platform designed to help investors keep track of their cryptocurrency trades and the performance of portfolios has revealed some of the biggest trends they have learned during their five years in operation.To commemorate its anniversary, CoinTracking revealed how it has noticed that the trade behavior of its users intensifies when the price of a…
Chinese IT Giant Tencent and University of Hong Kong Collaborate on Fintech
Tencent Financial Academy, a subsidiary of Chinese IT giant Tencent — signed a memorandum of cooperation with the University of Hong Kong on March 6 for joint research and development projects related to financial technology. Chinese media outlet QQ reported about the deal on March 7.The collaboration reportedly involves joint research and development of fintech…