Bitcoin

Text size Dreamstime Stocks with exposure to cryptocurrencies have gotten a turbo-boost this year. As the price of Bitcoin and other coins has soared, public companies seen as proxies for the new asset class have sometimes risen even more than the cryptocurrencies themselves. One reason for that dynamic is that traditional investors have… Source link

Photographer: Michael Nagle/Bloomberg © 2021 Bloomberg Finance LP Cycles exist in all markets. The researcher simply needs enough data to compute meaningful cycles. The first attempts at computing cryptocurrency cycles were not successful because insufficient data produced unstable cycles. Over the past few months, the cycles have become more consistent.   The first graph is a monthly histogram depicting the price behavior of the Grayscale Bitcoin Trust (GBTC). We can see… Source link

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The alleged administrator of Bitcoin Fog kept the dark web service running for 10 years before the IRS caught up with him. For a decade, Bitcoin Fog has offered to obscure the source and destination of its customers’ cryptocurrency, making it one of the most venerable institutions in the dark web economy. Now the IRS says it has finally identified the Russian-Swedish administrator behind that long-running anonymizing system and charged him with laundering hundreds of millions of dollars… Source link

Bitcoin was up Tuesday despite lower-than-average spot volumes. Meanwhile, ether’s price hits record high and the cyrpto’s dominance is back at February levels. Bitcoin (BTC) trading around $54,840 as of 21:00 UTC (4 p.m. ET). Gaining 1.4% over the previous 24 hours. Bitcoin’s 24-hour range: $52,722-$55,261 (CoinDesk 20) BTC near the 10-hour and well above the 50-hour moving average on the hourly chart, a bullish signal for market technicians. Bitcoin’s hourly price chart on Bitstamp… Source link

Bitcoin and cryptocurrency markets were braced for a bombshell from Tesla’s TSLA first set of results since buying $1.5 billion worth of bitcoin. And Elon Musk didn’t disappoint. Tesla revealed it sold 10% of its bitcoin holdings in March, collecting $101 million from the sale and helping the electric car maker land its seventh consecutive profitable quarter. The news, initially sending shockwaves through the cryptocurrency community, was somewhat tempered by Musk’s defense that the… Source link

The Tesla logo is seen at its store in New York on March 24. The automaker posted record earnings on Monday, thanks in part to a profit from its sale of Bitcoin. (Photo by John Smith/VIEWpress) VIEW press/Corbis via Getty Images hide caption toggle… Source link

ISTANBUL, TURKEY – APRIL 16: A Bitcoin sign is seen at the entrance of a cryptocurrency exchange … [+] office on April 16, 2021 in Istanbul, Turkey. Turkey’s Central Bank announced a ban on the use of cryptocurrencies and crypto assets for purchases, directly or indirectly to pay for goods or services. The announcement comes as Turkey’s crypto market has boomed over the past few years. As the Turkish Lira has slumped, many people have looked to cryptocurrencies to shelter against… Source link

Text size The price for Bitcoin tumbled as investors grew concerned about a proposed capital-gains tax increase. Dreamstime Prices for Bitcoin are rising as another Wall Street bank appears to be readying an actively managed crypto fund for its private-wealth clients. JPMorgan Chase (ticker:… Source link

Satoshi Nakamoto (artist rendering) Tommy Marcheschi On April 26, 2011, Bitcoin creator Satoshi Nakamoto sent his final emails to fellow developers in which he made clear he had “moved on to other projects,” at the time handing over a cryptographic key he had used to send network-wide alerts. Flash forward to 2021 and the Bitcoin story is, in many ways, still just beginning. With the price reaching new highs above $60,000, there is increasing recognition of Nakamoto’s… Source link