Bitcoin and Ethereum followed by the other coins had a sudden rally over the past 7 days.
Bitcoin is up by 10% and Ethereum is up by 22%.
That is surely good news for the crypto investors who still hold cryptocurrency after a long and painful bear market.
What’s more, there are two or three signs that the rally might be feasible. One of them is that there is a rally in all the other cryptocurrencies. Just 7 in 100 top cryptocurrencies declined in the last 7 days.
This is seen by technicals as confirmation that the rally has strength. … Read the rest
Cambridge Associates: Institutional Investors Should Consider Investing in Bitcoin and Other Cryptocurrencies
Cambridge Associates, an advisory form for pension funds says institutional investors should put resources into Bitcoin and other cryptocurrencies. Specialists at the firm think that the new assets class has the potential to change the perspective of money in the digital world. Therefore, early investors have the chance to make the first move and take advantage of taking a seat in the first row in cryptocurrencies.
Bitcoin Development and Adoption is Growing
As per Bloomberg, the firm issued a note to its customers on Monday (February 18, 20190 asking them to consider investing in Bitcoin. Specialists at Cambridge Associates state … Read the rest
A French court declared Swiss bank UBS AG liable of illegally soliciting customers and laundering the returns of tax evasion, putting a fine of 4.5 billion euros for the company, according to a report published by Reuters
Shares in the Swiss bank fell as much as 3.2% after the decision on Wednesday. UBS, which has denied any bad behavior, said it would appeal the court decision.
“The court can only conclude that (UBS) consistently put its own financial interests over the sovereign rights of the French state,” the court’s president Christine Mee said in her ruling. “Hence, the crimes are … Read the rest
The bear market officially ended? LocalBitcoins Bitcoin USD trading volume soared 4 times to a record high
In the past week, the local US Bitcoin transaction volume on LocalBitcoins has seen the largest increase. The dollar bitcoin transaction on the platform exceeds $31.5 million, and bitcoin prices appear to be further testing the $4,000 resistance level.
LocalBitcoins’ dollar trading volume hit a record high
Coin Dance’s data shows that the dollar trading volume on the popular off-exchange bitcoin trading platform LocalBitcoins reached an all-time high.
In the week ending February 16, LocalBitcoins’ dollar trading volume exceeded $31.5 million, almost four times the previous week’s trading volume ($8.4 million).
LocalBitcoins is a peer-to-peer (P2P) platform that allows users … Read the rest
The price of Ethereum surges to a one-month high as the community is heading near the ETH hard fork. Ethereum is exchanging at $138.75 at the time of writing, ETH price has surged by 11% in the last 24 hours. On 6 February Ethereum hit this month lowest price which was $103.
As usual, after this massive price action altcoins followed and the crypto market went all in green.
Bitcoin crossed $3,850 at bitfinex and it is right now at $3,824.
Bitcoin trading has seen a high volume on 8 February rising by $500 going from $3200 to $3700 … Read the rest
Bitcoin, both the technology and cryptocurrency, has grown immensely over the years. In these days, there are a lot more ways to buy bitcoin and there are so many things to spend your bitcoins on. You can buy things like furniture, you can donate to charity (or even set up a charitable foundation yourself), and you can even pay your taxes (depending on where you live). Of course, there are still a lot of newbies asking questions like “what affects the price of bitcoin?”, “is bitcoin a bubble and has it popped?”, or “why are there so many cryptocurrencies… Read the rest