Hot Topics

Advertisement

Advertisement

CEO of Morgan Creek: “Bitcoin should be in everybody’s portfolio”

The Morgan Creek Capital CEO Mark Yusko says Bitcoin should be in every investor’s portfolio in an interview with CNBC earlier this week. Yusko has said that he believes BTC investments will far outperform the S&P 500 investment fund over the next ten years. When he was asked about putting money into BTC, he said: “Bitcoin is a great diversifying asset. It has very low correlation. It should be in everybody’s portfolio.” In addition to this, Yusko recalled his $1 million ‘Buffet Bet 2.0’, in which Morgan Creek Digital made an open bet that it's Digital Asset Index Fund would...

Read More

Australian IT Worker Charged for Using Govt. System for BTC Mining

Mining cryptocurrency became almost useless at the end of 2018 and whereas it still isn’t as lucrative as it once was, you could still make some kind of profit from it. With mining, comes a lot of scammers and people who abuse their positions in certain roles such as an IT worker from Australia who is currently facing charges as a contractor and illegally using government agency computer systems, according to the local authorities. The 33-year-old worker has been charged by the Australian federal police under sections 477.2 and 478.1 of the criminal code act 1995 with “Unauthorised modification of...

Read More

Bulgarian Govt Sitting on $1.7 Billion Worth of Bitcoin

Two years ago, in May 2017, the Bulgarian government conducted a raid on illegal Bitcoin activities and seized more than 200,000 Bitcoins that are now worth around $1.7 billion. As they are now in possession of such a large sum of Bitcoin, the nation is sitting on a huge sum of money that puts them on the path to take over the UKs gold reserves. A press release at the time said: “Members of this organized criminal group invested money from illegal activities into Bitcoin, and the authorities discovered about 200,000 bitcoins. The authorities have searched more than 100 addresses,...

Read More

Sally Ho's Technical Analysis 24 May 2019

Bitcoin Bitcoin (BTC/USD) extended gains early in today’s Asian session as traders pushed the pair to the 7984.90 area before some profit-taking emerged just below a retracement level that represents the 61.8% retracement of the move from 8315.00 to 7407.10. Buying activity started in earnest during yesterday’s European session when Bids emerged around the 7467.10 area, just above the 50% retracement of the move from 6600.00 to 8315.00. Stops were then elected above the 50-bar MA (4-hourly), then around 7770.80 and the 50-bar MA (4-hourly) then became supportive late in yesterday’s North American session. Traders are looking to see if...

Read More

Bitcoin (BTC): The Best Time To Sell Was At $20,000, The Second Best Time Is Now

The best time to sell Bitcoin (BTC) was when it was trading close to $20,000 but the second best time to sell Bitcoin (BTC) is now. In this analysis we will explain why this is the perfect time to be selling Bitcoin (BTC) and not buying it. Let us first look at the weekly chart for BTC/USD. Since the creation of Bitcoin (BTC) and throughout its trading history, we have seen strong similarities between various market cycles. History may not have repeated itself but it has rhymed and very closely. One thing to observe here is that market cycles have...

Read More