Tag Archives: cryptocurrency

Litecoin (LTC) Surges Another 11% to Overtake Stellar (XLM) for 6th Place

Litecoin (LTC) Surges Another 11% to Overtake Stellar (XLM) for 6th Place

On Sunday (January 6th), Litecoin (LTC) surged over 11%, in the process overtaking Stellar Lumens (XLM) to become the sixth most valuable cryptocurrency (by market cap). At press time (18:00 UTC), according to CryptoCompare, Litecoin is trading at $39.73 for a $2.38 billion market cap, while Stellar Lumens is trading at 0.1208 for a $2.31 billion market cap. […]

Bitcoin Drops to $3,800 as Analyst Points to Incoming Institutional Investor Inflows

Bitcoin Drops to $3,800 as Analyst Points to Incoming Institutional Investor Inflows

Bitcoin, the number one cryptocurrency by market cap is on its way to close its 10th consecutive session below the $4,000 mark, which has been seemingly acting as a resistance since December 28. According to CryptoCompare data, BTC is currently trading at roughly $3,800 after falling 0.65% in the last 24-hour period. Remaining below the $4,000 […]

Bitcoin Price Analysis: BTC Bullish Above $3,700, Overstock Path Paving

Bitcoin Price Analysis: BTC Bullish Above $3,700, Overstock Path Paving

Latest Bitcoin News Aside from Bakkt, the never-ending wait for US SEC to comment or even approve Bitcoin ETF, the crypto and Bitcoin sphere is bereft of market-moving news. True, there are essential updates from time to time and what dominates right now is Overstock plans of “paying” their commercial activity taxes (CAT) using Bitcoin […]

Mike Novogratz Ups Stake in Galaxy Digital to Own Almost 80% of Shares

Mike Novogratz Ups Stake in Galaxy Digital to Own Almost 80% of Shares

Ex-Goldman Sachs partner Mike Novogratz has increased his shares of Galaxy Digital, the crypto-focused merchant bank he founded, Bloomberg reports on Jan. 2. Novogratz, who also serves as chief executive officer of the bank, now reportedly owns 221.2 million ordinary shares — which represents about 79.3% of ordinary shares assuming their conversion. Previously, he reportedly “beneficially owned 213.7 million Class […]

HitBTC Account Freezes in Spotlight as Trace Mayer, John McAfee Claim Foul Play

HitBTC Account Freezes in Spotlight as Trace Mayer, John McAfee Claim Foul Play

Cryptocurrency exchange HitBTC has yet to respond to accusations it deliberately froze account withdrawals on Jan. 1, days prior to entrepreneur Trace Mayer’s Proof of Keys event. In a series of tweets, Mayer joined names such as crypto advocate John McAfee in voicing concern and even suspicion about HitBTC after users reported being unable to withdraw their funds. On both Twitter and Reddit, users acknowledged that the practice […]

Analyst: How Bitcoin Could Breach $100K As Better Store of Value Than Gold

Analyst: How Bitcoin Could Breach $100K As Better Store of Value Than Gold

For many average Joes, Bitcoin’s use case is viewed as nebulous, a concept squirreled off in the ether by crypto’s pundits. Yet, a leading investor took to Bloomberg to accentuate that Bitcoin (BTC) is fundamentally a store of value (SOV), and one that is even better than gold, the de-facto king of investments for millennia. Bitcoin Is Fundamentally […]

Bitcoin Is Trading at Strong Correlation With Gold, WSJ Claims

Bitcoin Is Trading at Strong Correlation With Gold, WSJ Claims

There’s now a strong correlation between traditional asset markets and bitcoin (BTC), the flagship cryptocurrency, according to an article recently published on the Wall Street Journal (WSJ). Referencing data from research and analytics firm Excalibur Pro Inc., the WSJ noted that over the past five days, bitcoin has been trading at a 0.84 correlation to the gold bullion. […]

Bitcoin May Breach $333,000 By 2023: Why This Prediction Isn’t Crazy

Bitcoin May Breach $333,000 By 2023: Why This Prediction Isn’t Crazy

There’s no denying it, the crypto industry is known for its eccentric individuals, statements, and startups. John McAfee, for example, promised to consume his family jewels if Bitcoin (BTC) doesn’t reach $1 million apiece by 2020’s end. While McAfee’s call is by far the most bizarre, especially what he wagered, he isn’t the only industry insider […]