Zero to $318,000: Proponents and Detractors Give a Variety of Bitcoin Price Predictions for 2021
XBT.MONEY
by xbt.money
3y ago
While bitcoin has jumped well above the $26,000 zone, a number of crypto proponents are extremely bullish for the crypto asset’s performance in 2021. During the last year, a number of pundits, experts, luminaries, and speculators have predicted bitcoin’s 2021 value after the digital currency has experienced a phenomenal year in 2020. 2021 Bitcoin Price Predictions On December 26, 2020, the price of bitcoin (BTC) spiked well over the $26k handle, as the cryptocurrency had a spectacular year amid a crazy global economy. Ever since BTC started gaining popularity, a number of people have tried to ..read more
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Fed’s Powell Wins Forbes’ Crypto Person of the Year Honors; Do They Give Awards for Snark?
XBT.MONEY
by xbt.money
3y ago
A side effect of the Fed’s medicine for the pandemic-stricken U.S. economy was to create conditions ideal for the rise of cryptocurrencies. Source: CoinDesk ..read more
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‘Blow-off top’ or $30,000? Traders muse Bitcoin’s end-of-year fate
XBT.MONEY
by xbt.money
3y ago
After a historic day in which the headlines could hardly keep up with price action and Bitcoin set a new all-time high above $26,500, traders and analysts are now turning their attention towards what could be in store for the digital currency over the next five days as 2020 comes to a close. Historic candle While a 8-9% daily gain might be pittance compared to Bitcoin’s historical volatility — there was a 42% rally as recently as 2019 — as Messari founder Ryan Selkis pointed out, today’s rally featured only the second $2,300 candle in the digital currency’s history: Bitcoin’s first $2300 can ..read more
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US Regulator Sues Crypto Hedge Fund Founder — $25 Million in Digital Assets to Be Frozen
XBT.MONEY
by xbt.money
3y ago
The U.S. Securities and Exchange Commission has filed a lawsuit against a cryptocurrency hedge fund founder for fraud. The regulator is seeking an emergency order freezing $25 million in digital assets held by a crypto hedge fund he controls. Crypto Hedge Fund Founder Sued in the US The U.S. Securities and Exchange Commission (SEC) has sued a crypto hedge fund founder in Manhattan federal court. The regulator alleges that Stefan Qin, a 23-year-old Australian, defrauded investors in his $92.4 million cryptocurrency arbitrage fund, according to Tuesday’s court filing. Qin founded New York-based ..read more
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Bitcoin Tops $26K for First Time, Less Than a Day After Passing 25K
XBT.MONEY
by xbt.money
3y ago
The leading cryptocurrency set another all-time high this month. Source: CoinDesk ..read more
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2020 special! New records, mega weirdness, the predictions that came true: Hodler’s Digest, Dec. 20–26
XBT.MONEY
by xbt.money
3y ago
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin hits all-time high as major altcoins enjoy triple-digit gains Without question, the biggest story of 2020 has to be Bitcoin’s dazzling return to $24,000 and beyond. Who would have thought this was possible back in March when BTC suffered an almighty flash crash that took it down to just $3,600? Major altc ..read more
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B2C2 Becomes Latest Crypto Market-Maker to Stop XRP Trading: Report
XBT.MONEY
by xbt.money
3y ago
Non-U.S. clients can still trade the token but need to pre-fund all short trades, the report said. Source: CoinDesk ..read more
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IOTA founder David Sønstebø buries hatchets, plots future in puzzling blog
XBT.MONEY
by xbt.money
3y ago
In a verbose and, at times, vituperative blog post published today, IOTA founder David Sønstebø seeks to “quench all concern” about his state of mind, assure the community that the “IF [IOTA Foundation] is not broke,” and hint at future plans for the ecosystem being hatched in collaboration with “investors, separate DLT-project leaders, community devs and others.”  As Cointelegraph previously reported, in a December 11th announcement, the IOTA Foundation’s board revealed that Sønstebø had been removed from the organization after a “unanimous” board vote. Sønstebø had served as co-chair o ..read more
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Biden Administration May Roll Back Some Crypto Regulations, Top Banking Regulator Warns
XBT.MONEY
by xbt.money
3y ago
The top U.S. banking regulator is concerned that the Biden administration may roll back some cryptocurrency regulations aimed at protecting consumers. This includes allowing national banks to custody crypto assets put in place during the Trump administration. Biden Administration Could Change US Crypto Regulations Acting Comptroller of the Currency, Brian Brooks, shared several concerns regarding cryptocurrency regulations in an interview with CNBC last week. Brooks is the administrator of the federal banking system and chief officer of the Office of the Comptroller of the Currency (OCC). The ..read more
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Amid inflation woes, Turkey announces CBDC tests planned for 2021
XBT.MONEY
by xbt.money
3y ago
As the country struggles with soaring consumer prices and an inflation rate in the double digits, in an announcement to members of Turkey’s Parliament central bank governor Naci Agbal revealed that “conceptual” research had been completed on a Turkish central bank digital currency (CBDC), and that practical tests for such a currency would begin in the latter half of 2021. “There is an R&D project initiated on digital money,” said Agbal, according to two local outlets. “Currently the conceptual phase of this project has been completed. We aim to start pilot tests in the second half of 2021 ..read more
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