Monthly Archives: April 2021

JP Morgan: Bitcoin’s Decreasing Volatility Makes It More Appealing to Institutions, Revises BTC Price Prediction to $130K

Crypto Daily

JP Morgan says that bitcoin’s volatility has decreased in recent weeks, making the cryptocurrency more appealing to institutional investors. The investment bank has also revised its bitcoin price target to $130,000. Increased Institutional Adoption, New Price Prediction for Bitcoin JPMorgan said last week that bitcoin’s price volatility has been declining in recent weeks, noting that this has made the cryptocurrency more appealing to institutional investors seeking low-correlation assets to diversify their investment portfolios. Bitcoin’s high volatility has been one of the biggest barriers to BTC adoption by […]

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FORCE token sees volatile 24 hours following coordinated attack on ForceDAO

Crypto News

The DeFi platform was the victim of an attack shortly after launch, with 183 ETH compromised. After an initial selloff, FORCE tokens are in recovery mode Monday. Hackers made off with 183 Ethereum (ETH), worth roughly $386,000 at the time of writing, following a coordinated attack on DeFi platform ForceDAO Sunday. Following an initial selloff, ForceDAO’s native FORCE token was in recovery mode on Monday, capping off a highly volatile 24 hours for the newly launched project.  ForceDAO detailed the Sunday exploit in a series of tweets, […]

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Litecoin Creator Charlie Lee Joins BTCS as New Independent Director

Crypto Daily

PRESS RELEASE. Silver Spring, MD – (Globe Newswire – April 5, 2021) – BTCS Inc. (OTCQB: BTCS) (“BTCS” or the “Company”), a digital asset and blockchain technology focused company, today announced the appointment of Litecoin creator Charlie Lee to its Board of Directors as its newest independent member. “We are honored to welcome Charlie Lee to our board,” stated Charles Allen, Chief Executive Officer of BTCS. “A true innovator and visionary in the blockchain space, his decision to join our board is a strong vote of confidence […]

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Garnish Your Own Wages

Crypto Daily

Buying bitcoin with your paycheck before anything else ensures a practice of saving and accumulation. Unless you buy bitcoin with your paycheck first, you can always find another purpose for your excess income. I’ve been an advocate of “paying myself first” my entire life, I started investing in my early 20s using auto asset building via no-load mutual funds, and in my 40s, I continue to do the same, although I have altered my asset allocation to predominantly bitcoin. Routine dollar-cost averaging (DCA) makes HODLing for the […]

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Price analysis 4/5: BTC, ETH, BNB, DOT, ADA, XRP, UNI, LTC, LINK, THETA

Crypto News

Bitcoin and most major altcoins have bounced off their immediate support levels, indicating an increase in bullish sentiment. The total crypto market capitalization reached the important milestone of $2 trillion on April 5. As cryptocurrencies increase in value, they are likely to attract further investments from institutional investors because they can no longer afford to neglect it.  Less than three months ago, the crypto market had reached the $1 trillion in market cap for the first time ever. This rate of growth shows that investors are hugely […]

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Marathon Digital stock soars after company ramps up BTC mining in Q1

Crypto News

The company mined 196 BTC in the first quarter, bringing its total holdings to 5,143.2 BTC. Shares of Marathon Digital Holdings (MARA) surged on Monday after the cryptocurrency miner announced a significant increase in mining capacity in the first quarter, allowing it to up its stake in Bitcoin (BTC) by a considerable margin.  MARA stock jumped 15.8% to close at $56.56, marking a new all-time high. The crypto mining stock rose by as much as 17.1% earlier in the day. Marathon Digital’s share price closes at a […]

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Argentinean Central Bank Asks Local Banks for Information on Customers Who Deal With Cryptocurrencies

Crypto Daily

As cryptocurrencies keep gaining adoption in Argentina, there are discussions on how the national regulatory bodies should regulate the industry. The Central Bank of Argentina (BCRA) seems to have taken a step forward in making the picture clearer. Banks Should Provide Data Such as National Identification Numbers and Home Addresses According to Infobae, the BCRA asked domestic banks to forward them information about its customers who deal with bitcoin (BTC) and perform any other kind of crypto transactions. The measure aims to evaluate whether the crypto market […]

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Bitcoin’s “Kimchi Premium” Hits 15 Percent

Crypto Daily

The so-called “Kimchi premium,” or bitcoin price difference in South Korea, has hit 15 percent. With TradingView reporting a $57,000 BTC price for U.S.-based exchange Coinbase and a $66,000 for South Korea’s Bithumb at the time of this writing, the Kimchi premium, or difference between the bitcoin price on Western exchanges and South Korean exchanges, has reached 15 percent. With a name derived from the popular South Korean dish, the Kimchi premium was first identified in 2016, according to a research report from the University of Calgary. […]

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As Bitcoin Mining Hits All-Time Highs, Access To ASICs Is Key

Crypto Daily

As bitcoin propels its mining industry to new heights, the challenge of obtaining new equipment is critical. Like many providers in the space, international bitcoin mining services company Compass Mining is on a roll. With the success of BTC and rising mining revenues — now at an all-time high of $60 million per day — this rapidly-growing startup finds itself squarely in the middle of a bull run. Founded in October 2020, Compass has been able to capitalize on a growing demand for mining services, particularly through […]

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Roger Ver calls out GoDaddy for wrongly listing Bitcoin.com as ‘for sale’

Crypto News

Roger Ver demanded that GoDaddy remove bitcoin.com from its sales listing. A few hours later, it appears to have been purged. Bitcoin.com, a cryptocurrency news, mining, and wallet resource, is not for sale according to entrepreneur and site owner Roger Ver.  On Monday, Bitcoin.com appeared as a “premium domain” available for purchase on GoDaddy.com, the world’s largest domain registrar, for a minimum price of $100 million. The original sales listing of bitcoin.com before it was removed by GoDaddy. Ver contacted GoDaddy on Twitter and demanded that the […]

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