French Competition Watchdog Mentions Rapid Development of Crypto Assets
The French Competition Authority, called Autorité de la concurrence, is looking for feedback from the public and fintech industry executives on the evolution of the payments industry...
JPMorgan to Pay $2.5M to Settle Crypto Fee Class Action
JPMorgan Chase Bank NA, the consumer and commercial branch of US banking giant JPMorgan, agreed to pay $2.5 million to settle a class action lawsuit. The suit is related to its...
Why Goldman Sachs Scathing Crypto Report Is Still Positive For Bitcoin
Yesterday, multi-trillion-dollar asset management firm Goldman Sachs held a call regarding Bitcoin that was especially scathing. Although the firm trashed cryptocurrencies, there are a...
There’s a Silver Lining to Goldman Sachs’ Scathing Bitcoin Presentation
Despite the recent rally and macro developments boosting Bitcoin, the cryptocurrency came under fire by analysts at Goldman Sachs on Wednesday. In a May 27th client call entitled...
3 Crucial Reasons Why Bitcoin Risks Crashing to Sub-$6,000 Levels
Bitcoin price plunged by nearly 10 percent after failing to sustain above $10,000. The cryptocurrency has covered part of its recent losses, now trading above $9,100. But a confluence...
Buy Bitcoin if S&P 500 Corrects Lower, Fund Manager Suggests
Investors should consider buying Bitcoin if the S&P 500 breaks lower, according to Victor Dergunov, co-founder of Albright Investment Group. The cryptocurrency’s upside...
4 Fundamental Reasons Why Bitcoin Demand Is Poised to Explode to Highs
Like most other markets, Bitcoin’s price is predicated on supply and demand dynamics. This is depicted in the chart below, with the equilibrium price of an asset being related to...
Analysts are Cautious of the Crypto Market’s Latest Push Higher; Factors to Consider
The aggregated crypto market saw a sharp rise today fueled by widespread liquidations of short positions This movement came about following an extended period of sideways trading...
Bitcoin’s Move Past $9,000 Leaves Wake of Destruction; Liquidates $20m in Shorts
Bitcoin saw a sharp rise overnight that allowed it to firmly surmount the $9,000 region This upwards movement liquidated nearly $20 million in short positions, with buyers now...
Here’s Why Bitcoin’s Large Transaction Count Has Slid 8% Over the Past Week
Bitcoin saw a sharp bounce into the $9,000 region overnight following a multi-day bout of consolidation within the $8,000 region The cryptocurrency now appears to have reached a...
Here’s Why a Lawyer Thinks Russia’s Cryptocurrency Ban is Unconstitutional
Recently, NewsBTC reported that Russia planned to criminalize the use of cryptocurrency, as stipulated in the latest draft bill “on digital currency.” However, Russian lawyer...
Beware of False Bottoms: Comparing Bitcoin and the S&P 500 to 1929’s Great...
A false bottom giving false hope ahead of the Great Depression is drawing comparisons to the current S&P 500, which has made the sharpest bear market recovery in history. Further...