Monthly Archives: November 2020

Bitcoin whale clusters signal $14.9K is the crucial level for BTC to hold

Bitcoin whale clusters show that $14,914 is critical for the ongoing rally to see continuation. New data from Whalemap suggests that in order to maintain bullish momentum Bitcoin price needs to hold above the $14,914 level. Whale clusters, like the bubbles shown on the chart below, form when high-net-worth investors purchase Bitcoin and do not move them. This indicates that whales accumulated BTC at that level and suggests that it will likely remain as a support area in the event of a correction. As such, in the […]

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Argentina’s Parliament will see a new bill presenting a framework for crypto

One of Argentina’s youngest deputies is prepping new legislation to provide a national framework for crypto, which will reportedly hit the parliament next week. Argentine congressman Ignacio Torres plans to present a bill addressing cryptocurrencies to the Argentine Parliament. Cointelegraph en Español spoke with Efraín Barraza, Operations Manager of Athena Bitcoin in Argentina, and Alberto Vega, CEO of Bithan, who collaborated on the draft and who are looking to discuss a legal framework for crypto in Argentina. Both Barraza and Vega remarked that their interest is to […]

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OCC’s Brian Brooks testifies to the importance of crypto before US Senate

The Acting Comptroller of the Currency presented the growing role of crypto in general and stablecoins in particular to the Senate today. As part of his statement to the U.S. Senate Committee on Banking, Housing and Urban Affairs, acting Comptroller of the Currency, Brian Brooks, prepared a whole section on crypto assets, including specific mention of stablecoins.  “Today, roughly 60 million Americans own some type of cryptocurrency, with a total market cap of nearly $430 billion,” Brooks said, adding: “These figures clearly illustrate that this payment mechanism is now […]

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Bitcoin is peerless thanks to early distribution, CoinMetrics analysts argue

Bitcoin’s experimental launch contributed to its dispersion among the masses. Thousands of different cryptocurrencies have arisen in the since Bitcoin’s (BTC) 2009 genesis block. Even though newer assets come with different technology and new bells and whistles, Bitcoin still has an upper hand in a key category, according to a November report from crypto data firm Coin Metrics.  Due to its relatively older framework, people sometimes compare Bitcoin to early, outdated versions of other technological innovations, such as dial-up internet, the report explains:  “Too often, these are part […]

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Stanley Druckenmiller Owns Bitcoin, Calls It Attractive Store of Value

Billionaire investor Stanley Druckenmiller has revealed that he owns bitcoin, calling it an asset class that has a lot of attraction as a store of value and could be a better investment than gold. Stan Druckenmiller Owns Bitcoin Stanley Druckenmiller revealed on Monday that he owns bitcoin and explained why it could be a better investment than gold. The famed investor founded Duquesne Capital in 1981 and closed the fund in August 2010. He managed money for George Soros as the lead portfolio manager for the Quantum […]

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Video: Bitcoin Is A Necessity, With Aleks Svetski

Listen To This Episode: Apple Spotify Google Libsyn Overcast For this episode of the Bitcoin Magazine Podcast, host Christian Keroles sits down with founder of the Amber App and The Bitcoin Times Aleks Svetski to discuss his recent Bitcoin Magazine article “Because Bitcoin Is A Necessity, Its Economy Will Be Circular.” This was a wide ranging conversation covering many of the first principle arguments for Bitcoin and sound money. As such, the resulting podcast and video are perfect to share with newcomers to the space, as it […]

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US central banker urges digital dollar development

FOMC member Robert Kaplan believes the Fed should prioritize creating a digital dollar. President of the Dallas Federal Reserve Robert Kaplan believes the US central bank should begin work on a digital currency immediately, a clear indicator that some policymakers view this as an urgent matter.  Speaking Tuesday at a virtual conference hosted by Bloomberg, Kaplan reportedly said: “It is critical that the Fed focuses on developing a digital currency in the coming months and years.” The central banker’s remarks were part of a broader discussion on […]

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WhiteBIT Exchange Offers Margin Trading and Up to 30% APR on Smart Staking

Are you looking for a platform with advanced crypto trading capabilities, top-notch security and high liquidity? WhiteBIT exchange offers a margin trading terminal, smart staking and many other features and advantages. As part of its user-centric approach, WhiteBIT also supports withdrawing up to 2 bitcoin per day without KYC. Leverage Your Crypto on the WhiteBIT Exchange WhiteBIT is an Estonian-registered virtual currency exchange which was launched back in 2018. While the platform mainly focuses on European and CIS countries, it has a global user base of more […]

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When Bitcoin Melts The System, Prosperity Steps In

“Overcome by the giddiness that flying lent him, Icarus soared into the sky, but in the process, he came too close to the sun, which due to the heat melted the wax.” — The Legend Of Icarus Jacob Peter Gowy‘s “The Flight of Icarus” (1635 to 1637). Central banking, along with fractional reserve banking — two inseparable evils of monetary policies — have been distorting market price signals for the last 50 years.  In 1971, the Nixon Shock corrupted the global monetary system by fracturing the final […]

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Video: Valiu And Protecting Wealth In South America

Listen To This Episode: Apple Spotify Google Libsyn Overcast On this episode of the Bitcoin Magazine Podcast, host Christian Keroles sits down with Simon Chamorro to discuss Valiu, a tool for protecting Colombian pesos from inflation and remit funds to friends and family in Venezuela, which has been hit heavily by hyperinflation. On its website, Valiu is described as a way to protect your money from inflation using synthetic “valiu dollars”: “Top up Valiu dollars using Colombian pesos. Save your Valiu dollars or transfer them to your […]

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