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Sun Jan 12 9:09 AM

DeFi Tokens SNX, COMP and MKR Show Stability as BTC Sees New Retracement

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DeFi tokens are on the rise as the Office of the Comptroller of the Currency (OCC) is considering the possibility to grant banking charters to the growing number of DeFi projects.The ongoing sentiment around the cryptocurrency ecosystem appears to be stronger around decentralized finance...

General Electric (GE) Stock vs Bitcoin: What Is to Invest?

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On key earnings and sales metrics, GE stock earned a poor EPS Rating of 11 out of 99. However, the stock still has strong, rising institutional support. Therefore, some experts recommend considering investing in GE stock instead of buying Bitcoin.Bitcoin (BTC) is seeing its...

Here’s why these 10 crypto personalities say Bitcoin is the BEST money

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The debate on Bitcoin being money or not rages on. The world’s original, and current biggest, cryptocurrency was initially founded in 2009 by its pseudonymous creator Satoshi Nakamoto to replace fiat money, but price gyrations have since made it an asset class akin to...

Is Gary Gensler’s appointment as head of the U.S. SEC good for Bitcoin?

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The incoming chairman is said to hold a favorable view of Bitcoin and other cryptocurrencies.Bad for Wall Street, Good for BitcoinGary Gensler will be named chair of the U.S. Securities and Exchange Commission (SEC) by President-elect Joe Biden, as per a Reuters report on...

Bitcoin Price on Verge of Weekend Plunge Recovery

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As the volatility spikes by the day, Bitcoin’s average transaction fees have scaled to their highest since 2018, around $13.82.Bitcoin price had continued its recovery from the weekend’s plunge on Tuesday. Notably, the asset dropped from trading its all-time high around $41k to around...

UK Blockchain & Cryptocurrency Regulations in 2021

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Regulators around the globe are reconsidering the blockchain & cryptocurrency regulations as this technology faces growth in multiple industries. Over the last couple of years, an obscure technology, blockchain, formerly related to virtual money has gained global acclaim. No longer recognized Bitcoin, it is now...

SolidX Sues Former Partner VanEck for Plagiarism of Bitcoin ETF Proposal

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On 31 December, VanEck filed a new application for the Bitcoin ETF. According to SolidX, VanEck portrayed to the world that they were still cooperating while working on the new application. Blockchain firm SolidX Partners Inc has sued its former partner, VanEck Associates Corp, a...

Why this trader thinks the Bitcoin bottom is in based on volume trends

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On January 12, the day the price of Bitcoin dropped from $41,000 to $30,500, over $2.5 billion worth of futures contracts were liquidated. The derivatives market, which was extremely overleveraged and overcrowded, saw a massive reset.Following the shakeout, a pseudonymous trader known as “Byzantine...

Bitcoin veteran has $220 million in a locked wallet…and he can’t access it

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You don’t want to be Stefan Thomas, the owner of 7,002 Bitcoin, right now.What to do?An American computer scientist is sitting on a fortune of $220 million worth of Bitcoin, as per a report in the New York Times this week. The catch? He...

IronKey User Has Two Guesses Left to Access or Lose $220M in Bitcoin

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With just two guesses left to decide his fate with the hard drive, the user has put it in a secure facility.Stefan Thomas, a German-born programmer, has been left in a very difficult situation after failing to guess his private keys in 8 attempts...