Category Archives: Bitcoin news

Tom Lee’s Five Simple Reasons for a Bitcoin Bull Run in 2020

Fundstrat’s Tom Lee was the main highlight of last week’s Blockchain Economy 2020 event in Istanbul, Turkey. Taking the stage on day two, Lee addressed a crypto-savvy audience for about half an hour. Before delving into why Bitcoin (BTC) would see a price hike this year, Lee started his speech with a nod to the [Read more…]

Half of Cash App’s Revenue Now Comes From Bitcoin

Square’s Cash App derived half of its fourth-quarter revenue from Bitcoin (BTC) services. According to a shareholder letter published on Feb. 28, Bitcoin revenue amounted to $178 million during the fourth quarter of 2019, while combined non-Bitcoin revenue totaled $183 million. In total Bitcoin accounted for more than half a billion dollars of revenue across [Read more…]

Anthony Pompliano Speaks to CNN about Warren Buffett and Bitcoin

Ever since Warren Buffett gave an interview in which he stated “I don’t own any cryptocurrency” and rebuffed the idea that there was any value in Bitcoin, responses from the crypto community and media outlets have been spreading like wildfire. Tron (TRX) Founder Justin Sun immediately came forward and claimed that the blockchain could prove [Read more…]

Singapore Appeals Court Rejects Quoine Appeal in Landmark Crypto Ruling

In the country’s first legal dispute involving cryptocurrency, the Singapore Court of Appeals has ruled that virtual currency exchange Quoine must pay damages to electronic market maker B2C2. The damages are for seven transactions that were wrongfully reversed on the platform during April 2017. According to The Straits Times on Feb. 24, the court dismissed [Read more…]

Turkey Taking Center Stage in the World of Blockchain in 2020

Turkey is making huge strides toward becoming one of the world’s premier locations for blockchain and cryptocurrency adoption. A nation that has often been seen as a key strategic partner to the world’s biggest and most influential countries due to its positioning between east and west might yet become the central hub for this nascent [Read more…]

How Traders Can Use Twitter to Anticipate Bitcoin Price Moves, Volume

Bitcoin (BTC) price has been testing the $10,000 mark this month as online metrics like the number of tweets and Google searches mentioning Bitcoin show a two year-high. Several relationships have been established between external factors and Bitcoin price evolution. Most notably, social media metrics like the number of tweets mentioning a particular cryptocurrency, the [Read more…]

Bitcoin Price Bullrun May Last 1000 Days as 2020 Now Best Average Year

Bitcoin (BTC) is worth more in 2020 than any other year it has existed — and historical data suggests that its price will continue climbing for another 19 months. Data uploaded to Twitter by fund partner James Todaro on Feb. 21 reveals that in terms of volume-weighted average price, 2020 is Bitcoin’s best year ever. [Read more…]

After Overnight Flash Crash, Here Are 5 Reasons Why Bitcoin Will Rally Again

Bitcoin’s (BTC) price hit $9,260 on Feb. 20 and dropped to $9,350 on BitMEX the very next day. Analysts say these two pullbacks were liquidity fills and that the dominant cryptocurrency is likely to sustain its bullish market structure. Technical analysts and industry executives have laid out the exponential moving average golden cross, strong weekly [Read more…]

Israeli Banks Should Not Deny Services to Crypto Firms: Attorney General

Israeli banks should not deny services to firms involved with cryptocurrencies, according to Israel’s attorney general Avichai Mandelblit. Instead of halting financial services for all crypto firms, banks should closely examine each case for indicators of money laundering risks or other illicit financial practices, Mandelblit told the Tel Aviv District Court. Mandelblit’s stance purportedly opposed [Read more…]

Seven “Golden Crosses” Shine in the Top 10 as Bitcoin Enters the Club

Just as the crypto market sees the first signs of a recovery after the weekend sell-off, several major cryptoassets are showing a highly bullish signal in their charts in the form of a so-called “golden cross.” At the time of writing, a golden cross has formed in seven out of the 10 top cryptoassets by [Read more…]