Crypto Fact

Don’t let moral anguish over the deaths of potentially thousands of people get in the way of an opportunity to shill some crypto and pump up the price of bitcoin. As ever, crisis is opportunity for cryptocurrency lovers. In the past they’ve seized upon everything from a banking collapse in Cyprus to social breakdown in Venezuela and Brexit to rationalise the case to buy MOAR bitcoin. Clearly Coronavirus was not going to be different. But how have they squared the logic this time round? Duh. Coronavirus is spreading through the exchange of DIRTY FILTHY FIAT banknotes. So don’t be a dummy, protect yourself and turn to digital-only crypto. No lurgies there. Some  fine examples  of the logic  at hand:      No reference to the point, however, that fiat can be exchanged purely digitally or that China has one of the highest digital transaction rates in the world already... But the coronavirus/bitcoin connections don’t stop there. For ...

 After a long and cryptic series of tweets on Bitcoin (BTC), SpaceX and Tesla CEO Elon Musk elaborated his stance on cryptocurrencies in a Jan. 20  podcast . Noting that he’s “neither here nor there on Bitcoin,” Musk focused on its use for illegal transactions. The billionaire has recently been in the spotlight for several short and cryptic tweets related to cryptocurrency. On Jan. 10 he published a  tweet  saying “Bitcoin is *not* my safe word.” This follows an equally cryptic  tweet  from April 2019, saying “Cryptocurrency is my safe word.”  But while they were generally considered to be jokes, especially in light of previous  tweets  where he pledged to take “Tesla private at $420,” Musk’s early history is deeply tied to the financial technology industry. In 1999, Elon Musk founded X.com, an online bank that through later mergers became PayPal. He mentioned the company in the podcast, noting: “If PayPal had executed t...

Bitcoin traders and investors have been warned to expect  bitcoin volatility  this weekend due to Lunar New Year celebrations in China. The bitcoin price has this week given up some of its early 2020 gains  after climbing above $9,000 per bitcoin last weekend , dropping almost 10% over the last seven days— and falling further yesterday following a sharp change in bitcoin sentiment .  "The Year of the Rat starts this weekend. Time for bitcoin volatility and volumes to nose dive," Arthur Hayes, the chief executive of the Seychelles-based bitcoin and cryptocurrency exchange Bitmex, said via  Twitter .  Lunar New Year celebrations, expected to be somewhat muted due a coronavirus outbreak that's killed at least 25 people in China and put many cities in the country on lock down, traditionally sees millions of people travel home for the weekend. "Fireworks in store,"   said   Travis Kling, who runs Ikigai Asset Management, adding May’s ...

Earlier today, the Bitcoin price rose to the $7,790 area and still keeps growing. As reported by U.Today earlier, Bitcoin has entered a buying trend and so it could be dangerous to short BTC as the flagship currency aims at retaking the $8,000 level .    Some analysts, though, keep betting on the bearish effect on the market, saying the Bitcoin price may go down. But others are joyfully saying that even though BTC might not surge right away, the overall uptrend is still intact. $13,000 level after a few months of trading sideways? Analyst @CryptoMichNL points out that even though the trendline inside the downtrend is still holding up, overall, the long term bullish trend remains. Bitcoin could trade sideways for a few months, he adds. However, on the chart, the analyst has drawn a rising line to mark the aim he expects Bitcoin to reach after that – the $13,000 area. $BTC   #BITCOIN ✅ Trendline inside downtrend still holding up. ✅ Long term trend...

The legislation enables banks to sell and store cryptocurrencies from January 1, 2020. Other providers will now require a German license.       A new bill in Germany could enable banks to support the sale and custody of Bitcoin ( BTC ) and other cryptocurrencies by 2020. German news agency Handelsblatt  reported  on Nov. 27 that the bill now requires consensus from the country’s 16 states, having successfully passed through the Bundestag, the German federal parliament. Germany on its way to becoming a “crypto-heaven” At present, German banks and financial institutions are prohibited from facilitating the sale of cryptocurrencies for clients. If passed, the proposed bill will transform the status quo.  While an initial draft of the bill had reportedly included a “separation clause” that would have required banks to make recourse to external cryptocurrency custodians or dedicated subsidiaries, the latest version of the proposed law removes ...

   Ethereum ( ETH ) co-founder turned Cardano ( ADA ) creator Charles Hoskinson said that he expects Bitcoin ( BTC ) to be back over $10,000 and reach $100,000 in the future. In a tweet  published  on Nov. 22, Hoskinson urged the cryptocurrency community that Bitcoin is more than speculation, putting the blame on the latest drop in price on news media “FUD” — or fear, uncertainty and doubt — and market manipulation.  A global movement Because there’s more to Bitcoin than just price movements, he expects the world’s biggest cryptocurrency to see more gains in the future. He said: “Bitcoin's price is going down? Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that's going to change the world. We will see 10k btc again and welcome 100k. Crypto is unstoppable. Crypto is the future.” Bitcoin’s recent price action As Cointelegraph  reported , Bitcoin and altcoins have seen a no...

  Friday, Nov. 15 — Crypto markets are mostly showing red candlesticks, while Bitcoin ( BTC ) fails to impress as it crawls its way below the $8,500 price point.    For most of the day, the world’s largest cryptocurrency has been trading within a tight range between $8,700 and $8,600, while taking a sudden swing below the $8,500 price mark during recent hours. Bitcoin is currently trading at a price of $8,480, showing a loss of 1.85% on the day.  Despite Bitcoin’s continued struggle to reach higher highs, Tom Lee, renowned Bitcoin bull, co-founder and Wall Street strategist at Fundstrat Global Advisors, said that he believes that Fundstrat’s $25,000 by 2022 forecast for Bitcoin is still “quite easy to achieve.” He said: “Cryptocurrencies are network value assets, meaning the more people hold the asset, the greater the value. In fact, it’s a log function — so if you double the users hold it, you get a quadrupling of value. To go ...