Monthly Archives: June 2021

The Bumpy Road Before The Boom And Why Bitcoin Is About To Breakout

We take a look at various influences keeping the short term price down that also contribute to long term bullishness. Last Week In Bitcoin is a series discussing the events of the previous week that occurred in the Bitcoin industry, covering all the important news and analysis. Summary Despite briefly dipping below $30,000 earlier in the week, the last week has been relatively steady for bitcoin. Although nothing major happened to either give the bitcoin price a boost or to push it off a cliff, the market […]

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Bears back off, but Bitcoin price still wavers below $35K

Bitcoin price briefly surged above $35,000 to spark a relief rally in altcoins but a number of bearish factors still surround BTC. Although bulls made a show of force in the morning trading hours, Bitcoin (BTC) price is still pinned under the $35,000 resistance and unable to flip the 20-day moving average to support or secure a daily close above the level.  Data from Cointelegraph Markets Pro and TradingView since rallying to $35,400 on June 28, Bitcoin has traded in a range between $33,850 and $35,000 as […]

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Elon Musk tweets his support over proposed Dogecoin changes

Dogecoin got a price bump Monday out of another Elon Musk tweet, this time in support of a proposed update. Elon Musk, the at-times controversial SpaceX founder and stop-and-go crypto supporter, voiced his support late Sunday for a set of major updates to the Dogecoin (DOGE) blockchain. The changes would drastically redesign the cryptocurrency’s software architecture and alter its token economics. The popular “joke crypto” appears to be gearing up to become a serious utility coin after a massive influx of capitalization earlier this year. It remains to […]

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Jefferies’ Equity Strategist Expects Accommodating US Crypto Regulation Unlike China’s Authoritarian Model

The head of global equity strategy at Jefferies, an investment bank and asset management firm, says that cryptocurrency regulation in the U.S. would “ultimately be very positive” for bitcoin or other crypto assets. It will also be more accommodating than China’s authoritarian approach to crypto regulation. US Regulation Would ‘Ultimately Be Very Positive’ for Mass Adoption of Bitcoin, Cryptocurrencies Christopher Wood, Head of Global Equity Strategy at Jefferies, discussed cryptocurrency regulation in his most recent weekly research note, Greed & Fear. Jefferies is a diversified financial services […]

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Interview: Bitcoin Is The Escape Hatch With Mike Hobart

Mike Hobart joined “Meet The Taco Plebs” to discuss his rabbit hole journey. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of Bitcoin Magazine’s “Meet The Taco Plebs,” I sat down with active Twitter and Clubhouse Bitcoin pleb Mike Hobart (@theemikehobart on Twitter), to discuss his Bitcoin rabbit hole journey, how Bitcoin has affected him since he discovered it and the role that Bitcoin plays in the current macroeconomic environment. Hobart explained his unique process of fully diving […]

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Mexico may not be following El Salvador’s example on Bitcoin… yet

A warning from the country’s financial regulators seemed to be specifically targeting Ricardo Salinas Pliego, who on Sunday said he would explore his bank accepting Bitcoin. Authorities behind financial regulation in Mexico have warned against financial institutions handling cryptocurrencies, saying digital assets are still not considered legal tender in the country. In a Monday press conference, representatives from Mexico’s finance ministry, the Bank of Mexico, and the National Banking and Securities Commission issued a joint statement warning investors virtual assets carried inherent risks as a medium of […]

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Price analysis 6/28: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC

Select altcoins are looking to capitalize on Bitcoin’s range-bound trading below the 20-day moving average. Bitcoin (BTC) is attempting to stage a relief rally but analysts at JPMorgan Chase believe that the short-term setup looks challenging. However, the analysts also pointed out that the crypto markets had started a healing process. A sign of this ‘healing process’ was seen when the crypto markets did not react negatively to the news that the United Kingdom’s Financial Conduct Authority banned Binance Markets Limited from undertaking “any regulated activity in […]

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DeFi Yield Protocol (DYP) Continues to Expand Its Ecosystem

DeFi Yield Protocol has emerged as one of the fastest-growing crypto projects with an expanding ecosystem. DYP allows DeFi users to leverage advanced trading tools to earn yield on their assets while taking advantage of the unique DYP Tools decentralized application. DYP has attracted the attention of many within the crypto space due to its features that include its unique Anti-manipulation system. The anti-manipulation feature ensures the stability of DYP tokens by automatically converting DYP rewards to Ether (ETH) or BNB by 00:00 UTC daily and distributing […]

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What Does Censorship-Resistant Really Mean?

What happens if the current honeymoon phase ends, and The State decides to come after those interacting with Bitcoin? It’s all happening. After dropping to $3,800 in March of 2020, bitcoin is now sitting around $35,000. It seems like more legacy institutions or large investors are announcing their entrance into the space every day. Thousands of coins are moving off exchanges. Governments around the world continue to print money, and the message “deficits don’t matter” circulates alongside that newly printed cash. The bull run is underway. More […]

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Mysterious John McAfee Website Appears for Two Days — Whackd Token Climbs Over 700%

Following the death of the former antivirus tycoon John McAfee, an ERC20 token called whackd (WHACKD) has seen its valuation rise significantly. Three days ago, the Ethereum-based coin was swapping for less than a U.S. penny, but then the token skyrocketed by 733% reaching over $0.07 per unit. Moreover, four days ago, a mysterious website showcasing the whackd token popped up on the internet alluding to McAfee’s alleged “contingency plan” with a countdown timer. Mysterious McAfee Contingency Plan Website Appears on the Web Leading People to the […]

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