Source: Adobe/Zerophoto The Venezuelan government is set to overhaul its crypto-compatible remittances platform Patria – allowing full operability with bitcoin (BTC) and litecoin (LTC) wallets. The platform allows individuals based overseas to send remittances to family and friends based in Venezuela – and also enables domestic remittances to be made in crypto. Its operators claim Patria has some 20 million users. Crypto remittances have become increasingly popular in the nation,… Source link

Tech-heavy stock market indices, including the Nasdaq Composite and the S&P 500, have begun to recover. Amazon posted high pandemic sales that led profits to climb threefold and reported a 37% spike in revenue. Facebook also surpassed Wall Street expectations, achieving $21.5 billion in revenue during the third quarter. Although the correlation between Bitcoin and U.S. stocks has declined in recent weeks, the probability that the rising risk-on market sentiment could buoy BTC remains high. As… Source link

Bitcoin (BTC) has spent nearly 100 days above $10,000 — and if history repeats itself, further price gains could be astronomical. As noted by various social media users this week, as of Oct. 30, Bitcoin was just five days away from trading above $10,000 for 100 days. BTC price closes in on 100 days at $10,000 According to data from analytics firm CoinMetrics compiled by Twitter user Julio Moreno, after trading above certain price points specifically for 100 days, Bitcoin subsequently gained… Source link

Nine celebrities with profiles on the sponsored video-sharing platform Cameo have published messages wishing Bitcoin (BTC) a happy birthday ahead of the twelfth anniversary of the publication of its whitepaper on Oct. 31. The videos were paid for by crypto security firm Halborn, and feature Hollywood notables, musicians, and comedians including David Hasselhoff, Charlie Sheen, Carole Baskin, Charlamagne Tha God, Gilbert Gottfried, Doug Benson, Hassan Johnson, Soulja Boy, and RZA. Most of the… Source link

Prosecutors from the Netherlands have seized 2,532 bitcoins worth $33 million after a couple was convicted of money laundering by the Rotterdam District Court. The man and his wife were sentenced to two years for illegal money transmission and the court claims the couple’s bitcoin stash was used on the deep web. Dutch officials recently arrested and charged a man and his wife for illegal money transmission and money… Source link

In the last few days Bitcoin (BTC) price rallied within a hair of the $14,000 level and Ether (ETH) followed with a similarly strong performance but the altcoin failed to hold above the $400 physiological support.  Bitcoin and Ethereum year-to-date performance. Source: Digital Assets Data Although Ether price is below $400, data show traders are not worried about Friday’s options expiry. Investor optimism has been kept intact despite the recent decentralized finance (DeFi) lackluster… Source link

Ethereum Ethereum fell by 0.25% on Thursday. Following a 4.22% slide on Wednesday, Ethereum ended the day at $387.60. It was a mixed start to the day. Ethereum rose to an early morning high $392.51 before hitting reverse. Falling short of the first major resistance level at $405.27, Ethereum fell to a mid-day intraday low $380.75. Steering clear of the first major support level at $376.25, Ethereum rose to a late afternoon intraday high $394.00. Falling well short of the first major resistance… Source link

Data Shows Bitcoin May Drop Before The US Elections And Rebound Sharply Afterwards If we observe Bitcoin’s price action in November 2012, around two weeks before the election, the digital asset plunged by 20% and didn’t recover until weeks later. It’s important to note that BTC was far more volatile in 2012 as trading volume was minimal. Litecoin Price Prepares For A Multi-Month Breakout Despite On-Going Correction LTC seems to be trading inside a descending wedge formed… Source link

The price of Bitcoin (BTC) increased from $12,920 to $13,600 in four hours, recording a 5% rally. The uptrend coincides with positive developments from the European Central Bank, or ECB, and optimistic job data from the United States. BTC/USD 1-hour chart. Source: TradingView.com Macro factors favor Bitcoin rally Throughout the past week, BTC has continuously rallied despite negative macro factors. The U.S. stock market was in a steep decline, and the number of COVID-19 cases across the U.S…. Source link

With the recent influx of mainstream financial players into the blockchain space, how long will it take for corporate allocation of Bitcoin (BTC) to become the norm? Brian Estes, founder of investment firm Off The Chain Capital, thinks 10 years. “I think in 2029, 2030, when 90% of U.S. households and people in the United States use cryptocurrency and Bitcoin, then I think it becomes a stable part of the economy, and not just the U.S. economy, but I think the world economy,” Estes told… Source link