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Tom Lee: Bitcoin Bull Run In August

The well known Tom Lee, from Fundstrat, has often got a lot of comments to say about Bitcoin, usually bullish remarks and he has recently offered a prediction for when the next bull run will take off. In an interview with CNBC’s Futures Now, the co-founder said a bull run could potentially occur in the next six months, saying that it is likely. In fact, he actually put a time on it too, predicting that the bull run would happen in August although he wasn’t strict on this estimate. “The key number to watch is the 200-day moving average…Bitcoin’s bouncing...

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BTC Adoption Grows With Fortune 500’s 2 Million Customers

Fortune 500 tech firm Avnet is adopting crypto payments, allowing consumers to pay in Bitcoin and Bitcoin Cash for the businesses software solutions. The company is catering to professionals in the tech industry. According to the announcement: “Today’s developers are looking for flexibility as they take their products to market, and this announcement provides our customers with more convenient ways to complete their financial transactions.” Avnet is working with one of the industry leaders, BitPay. This platform processes more than $1 billion on an annual basis when it comes to cryptocurrency payments to facilitate the new payment option. “When a...

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Crypto Adoption In South Korea Continues To Grow With Kakao

South Korea is a country that delves into new and upcoming technologies all the time. In fact, the capital of the nation, Seoul has been ranked as the world’s ‘leading digital city’ and the ‘tech capital of the world’. Kakao is one of the biggest messaging apps in the country and with more than 44 million active users it’s no surprise. Kakao is integrating a crypto wallet that allows users to use crypto on a day to day basis but in a more casual manner. Just the idea of 44 million people having the chance to use crypto is bullish...

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SEC To Host Public Bitcoin Forum

The United States Securities and Exchange Commission (SEC) have announced that they will be holding a public forum in May that focuses on Blockchain technology and Digital Assets such as Cryptocurrencies. The announcement sets a promising precedent that suggests finally, the SEC could be about to fully open their doors to cryptocurrencies, after a public consultation of course. The forum will be held on the 31st of May 2019 and has been set up by the SEC’s strategic hub for innovation, also known as FinHub, a department within the SEC dedicated to exploring Fintech and blockchain technologies. This is the...

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Huge Number Of Bitcoin Exchanges Report Suspicious Trading Volumes

The trading volume of an exchange is often used to rank the exchange by popularity. Indeed, it’s common sense that an exchange with a high trading volume should be deemed popular, it simply means that there’s a lot of people using the exchange at a specific moment in time, though, trading volume can tell us and the exchanges themselves an awful lot more about what might be going on in the markets. This is why we should be concerned that according to some reports, 75% of Bitcoin Exchanges have reported suspicious trading volumes, with further research suggesting that as much...

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