Bitcoin’s drop to $56,000 may have been the local bottom

    After a fantastic price run hit a new all-time high of over $69,000 on November 10, Bitcoin’s price to drop to $55,705 just 9 days later. Though, Marcel Pechman sees 3 reasons why that significant drop may have been the local bottom. Bitcoin has been on a fantastic price run since the announcement of the…

    Long-term Bitcoin holders refuse panic selling

    Although the Bitcoin price dropped by nearly 20% in the last seven days, long-term Bitcoin investors, who bought at 2017 highs, have still not sold, data shows. According to the Hold Waves metric data, coins that last moved in the past six to 12 months now make up the most significant portion of the BTC…

    Goldman Sachs: Gold is becoming the ‘poor man’s crypto’

    Cryptocurrencies are replacing gold as means of protection against inflation, has recognized Goldman Sachs’s Head of Energy Research, Damian Courvalin, noting the flight of investments to the crypto market from the precious metal. Answering on whether he was observing that investors have used assets beyond gold, such as Bitcoin or other cryptocurrencies, to hedge against…

    Buying crypto in UAE: Avoid these newbie mistakes

    Looking to expand your crypto portfolio or invest in crypto the very first time? When it comes to cryptocurrencies like Bitcoin, most people worry about scams, while others fret over the lack of basic information. Crypto traders in UAE – especially millennials familiar with digital money, digital media, and digital friendships – are actively buying…

    AMC theaters are already accepting cryptocurrency for tickets

    AMC theater chain has revealed that it is starting to let moviegoers in the United States pay for their tickets and snacks in Bitcoin and other cryptocurrencies. In August, AMC has announced that it will start accepting cryptocurrency by the end of the year. Now, company CEO Adam Aron has revealed on Twitter that you…

    Forget cash. Pay me in Bitcoin

    As cryptocurrency gains acceptance, more people are vying to get their paycheck and other benefits in Bitcoin, Ethereum, and other digital currencies, Jazmin Goodwin writes on CNN Business. Famous athletes, politicians, and everyday employees are now getting all or part of their salary this way. “Whether you’re the quarterback of the Green Bay Packers, or…