The GameStop raid â€“ with endorsements from Elon Musk and hedge fund billionaire Ray Dalio â€“ is driving Bitcoin into the mainstream. But cryptoâ€™s revolution doesnâ€™t depend on retail investors in the US or Europe. Bitcoin will come of age, when (not if) an emerging market central bank starts deploying it as part of their […]
The post GameStop, Musk and cryptocurrency could end global inequality and weaken American power appeared first on TechFans.
TipRanks 3 â€˜Strong Buyâ€™ Stocks With 8% Dividend Yield Letâ€™s talk portfolio defense. After last weekâ€™s social flash mob market manipulation, thatâ€™s a topic that should not be ignored. Now, this is not to say that the markets are collapsing. After 2% losses to close out last weekâ€™s Friday session, this weekâ€™s trading kicked off […]
The post Analyst calls for new Bitcoin highs despite bearish signal appeared first on TechFans.
SHENZHEN, China, Feb. 2, 2021 /PRNewswire/ — 500.com Limited (NYSE: WBAI) (“500.com” or the “Company”), today announced that it has entered into a definitive purchase agreement (the “Purchase Agreement”) for 5,900 bitcoin mining machines for a total consideration of approximately RMB55.2 million (approximately US$8.5 million). All of the bitcoin mining machines are expected to be […]
The post 500.com Limited Entered into Two Agreements to Acquire Bitcoin Mining Machines appeared first on TechFans.
Wild price swings have been a hallmark of the cryptocoin, which soared to record highs at the start of the year, as the above chart shows. Today its sterling price stands at around Â£25,000 a coin, double the price in the middle of November last year when Ruffer staked its bet. The first BitcoinÂ craze came […]
The post City firm Ruffer banks $750m profit from Bitcoin bet appeared first on TechFans.
Indiaâ€™s finance minister Nirmala Sitharaman completely ignored cryptocurrencies in her almost two-hour-long budget speech yesterday (Feb. 1). But instead of feeling left out, the countryâ€™s digital currency ecosystem is breathing a sigh of relief. The sense of respite comes because the Indian government is currently mulling a ban on cryptocurrencies, which some were anticipating might […]
The post India’s bitcoin, cryptocurrency investors relieved after budget â€” Quartz India appeared first on TechFans.
Phil Streible Blue Line Futures Chief Market Strategist joins the Yahoo Finance Live panel with the Silver outlook as prices jump more than 10% as Reddit traders try their squeeze play with the metal. Video Transcript ZACK GUZMAN: Welcome back. From GameStop to what looks like potentially silver, we are seeing at least some part– […]
The post I think the silver event is even bigger than bitcoin rallying up: Chief Market Strategist appeared first on TechFans.
Recent Bitcoin (BTC) outflows from Coinbase are reminiscent of the â€œproof-of-keysâ€� days and could be a sign of a bullish future, according to CryptoQuant CEO Ki Young Ju. Data from the cryptocurrency analysis firm shows that more than 15,200 BTC, currently worth over $515 million, were withdrawn from Coinbase on Jan. 31. BTC outflows from […]
The post CryptoQuant CEO says Coinbase Bitcoin outflows are a â€˜bullish signalâ€™ appeared first on TechFans.
January was a record month for Bitcoinâ€™s price and network activity, with more than 22.3 million unique addresses actively sending or receiving BTC over 31 days. The milestone was spotted by crypto market data aggregator Glassnode, who tweeted that January had seen the highest monthly number of unique active addresses in Bitcoinâ€™s history: #Bitcoin network […]
The post 22.3 million Bitcoin addresses were active during January appeared first on TechFans.
Seven compelling factors that are driving Bitcoin higher. February 1, 2021 6 min read This story originally appeared on Market Beat As technical as cryptocurrency and Bitcoin (BTC) markets are there are some fundamentals driving the market. These include cryptocurrencyâ€™s growing mainstream acceptance, the amount of power put into mining the coin, and its availability […]
The post This Is Why Bitcoin Will Hit $59,000 In 2021 appeared first on TechFans.
Bitcoin is struggling to find momentum even as Tesla Inc (NASDAQ: TSLA) CEO Elon Musk expressed explicit support for the world’s apex cryptocurrency on Monday. What Happened: Bitcoin traded mostly unchanged over 24 hours at $33,670 at press time late Monday, retreating from the above $38,000 levels it was trading at last week after Musk […]
The post (GBTC), Tesla Motors, Inc. (NASDAQ:TSLA) – As Bitcoin Remains Muted, Traders Find Time To Eat Sushi appeared first on TechFans.