Bitcoin: Widespread Adoption Could Drive Prices Much Higher

Bitcoin’s Path To Widespread Adoption The world is a big place, unfortunately there are not that many Bitcoin (BTC-USD) to go around. Last winter we saw a prelude to what can happen when people in mass want to acquire Bitcoin, the price skyrockets. However, since then Bitcoin’s price has corrected …

Bitcoin Bulls Are Sweating Latest Test of Key Resistance Level

Bitcoin’s recent stumble could turn into a full-blown tailspin, testing its strong support level of $6,000 again, according to a leading technical indicator. The biggest cryptocurrency has bounced off the $6,000 mark four times since February, and a break below that price could signal further capitulation. The GTI VERA Convergence …

Reddit co-founder: Why I’m betting on bitcoin despite its volatility

The last 12 months have been a whirlwind for Alexis Ohanian. The 35-year-old co-founder of Reddit, now owned by Condé Nast, announced in February he was stepping away from his day-to-day duties at the popular news aggregator and discussion site to focus on the venture capital firm, Initialized Capital. “I’ve …

SEC rejects bitcoin ETFs from Proshares and Direxion

The SEC has again disapproved several proposals for a bitcoin ETF. The latest rejection involves two ETFs filed by ProShares that would track bitcoin futures contracts, another from GraniteShares, and five leveraged and inverse ETFs from Direxion. This follows on the heels of the SEC’s rejection of the Winklevloss ETF …

Bitcoin-Friendly Square Cash is Now More Popular Than Venmo

Data from app research firm Sensor Tower and Nomura Instinet have revealed that cumulative downloads of Square’s Cash App have surpassed that of its rival, Paypal’s Venmo, per a Bloomberg report. Square’s Cash App now has a cumulative total download of 33.5 million, which exceeds Venmo’s 32.9 million for the …

Bloomberg: Goldman Sachs Plans ‘Crypto Custody’ Offering, Despite Bleak Market Predictions

Goldman Sachs plans to “offer [clients] custody for crypto funds,” insider sources told Bloomberg August 6, as the investment bank says it remains “undecided” on its cryptocurrency plans. As the publication reports, Goldman, which in May first hinted it would trade Bitcoin futures, now aims to offer various products linked …

Buying Your Starbucks Fix With Bitcoin Is Now Closer to Reality

It’s hard to buy coffee with Bitcoin, but Starbucks Corp. may be poised to make that easier. The beverage retailer is teaming up with one of the world’s biggest exchange operators, Intercontinental Exchange Inc., which just created a venture called Bakkt designed to more tightly integrate digital currencies into global …

Rejected: SEC Says No to Winklevoss Twins’ Bitcoin ETF Application for Second Time, BTC Price Drops Over 3.5%

On Thursday (26 July 2018), the U.S. Securities and Exchange Commission, once again, disapproved a Bats BZX Exchange application to list the Winklevoss Bitcoin ETF, causing the bitcoin price to drop (at press time) by more than 3.5% to below $8,000. The SEC said that it was not convinced that the market would have adequate …

Bitcoin.com Celebrates 2.5 Million Wallets Created in Less Than a Year

This week Bitcoin.com reached a milestone of a whopping 2.5 million Bitcoin.com Wallets created in less than a year. Since we started our web portal we’ve focused on providing people with world-class resources that fit every bitcoiner’s needs and our simple-to-use wallet is no different. The Bitcoin.com Wallet was launched …

El-Erian calls bitcoin a buy if its price falls below $5,000

After tumbling some 70 percent from its peak, bitcoin is reaching a point where even an authority like Mohamed El-Erian thinks it could be a buy. The chief economic advisor at Allianz, considered one of the most influential financial market thinkers in the world, said Friday that the cryptocurrency would …