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Showing posts with the label Bitcoin rise

Hashed Blockchain & Crypto Market Predictions for 2021

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__________________________________________________________________________________________ I. Bitcoin A solid and continuous  Bitcoin (BTC)  bull run is expected in 2021. Since the inception of Bitcoin, the amount of BTC owned by the exchanges has steadily increased. However, starting from February 2020, institutional investors have started to withdraw large volumes of BTC from these exchanges for strategic long term holding. Such withdrawals have created pressure on BTC liquidity, and the sell-side crunch has driven up the BTC price since mid-2020 according to the chart below. We expect this trend to continue in 2021, and due to the decrease in BTC supply, the price of BTC is reasonably expected to align with the trend. Amount of Bitcoin owned by crypto exchanges decreased since institutions started buying Bitcoin in 2020 (ref: CryptoQuant) Grayscale  in the US provides further evidence of the increasing institutional interest as it is a vehicle through which institutional investors h

Ripple a Cryptocurrency firm was charged by US watchdog

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Crypto-currency firm Ripple has been charged with conducting investments without proper licences by the US Securities and Exchange Commission The SEC asserted that Ripple's XRP token is a tradable asset, known as a security, and thus subject to its regulations. The firm argues that XRP is a currency and therefore does not have to be registered as an investment contract.  The value of XRP fell by more than 30% on the news. Digital currencies are governed by another US regulator - the Commodity Futures Trading Commission (CFTC) - which has different rules. Ripple's chief executive Brad Garlinghouse, and former chief executive Chris Larsen, have both been charged with violating the Securities Act. "We allege that Ripple and its executives failed over a period of years to satisfy [the SEC's] core investor protection provisions, and as a result, investors lacked information to which they were entitled," said Marc Berger, deputy director of the watchdog's enforceme

BREAKING NEWS: Cryptocurrency and Bitcoin Related News & Updates

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  www.datrekrecoverycompany.com Bitcoin Revolution BREAKING NEWS: News is at the heart of what we do. We're driven by the need to help make news serve people better, because a healthy society needs a healthy news diet. News now exists to facilitate this, by publishing headlines linking to breaking and curated news from a diverse range of credible, independent and public interest news sources. It makes it easy for people to discover content from all types of publishers, including those who are smaller and independently owned.  Also, news links to around 14,000 media brands and content creators globally, and is an important source of traffic for publishers of all types and sizes. On this platform, people can discover new publications, weigh up differing presentations of the facts and viewpoints, and challenge their preconceptions, all as they make up their own minds.  We believe this helps make society better, but huge challenges remain. We must urgently move towards a future whe