Bitcoin Analyst: BTC’s Parabolic Rally Hints of a Pullback to $13.8k

Quick take: Bitcoin zoomed past the $17,115 resistance level like it did not exist BTC is still showing signs of bullish momentum Its parabolic nature since September points to a pullback to $13,800 However, a pullback is not guaranteed and Bitcoin could continue rising Bitcoin Analyst, MagicPoopCannon, has shared his most recent analysis of BTC in which he points out that the King of Crypto zoomed past the $17,115 resistance level like it did not exist. Furthermore, Bitcoin is showing little signs of slowing down despite exhibiting a parabolic rally…

Read More

Second Stimulus Checks: New Proposal Taps Unused Fed Funds, Lawmakers Call for Relief Now

Americans are anxiously waiting to hear if they will receive a second round of stimulus checks as many are suffering due to the coronavirus-led economic crisis. Treasury Secretary Steven Mnuchin has a new proposal to immediately provide relief aid, while Nancy Pelosi has been discussing stimulus plans with Mitch McConnell, Joe Biden, Kamala Harris, and Chuck Schumer. New Stimulus Proposal and Status of Second Stimulus Checks U.S. lawmakers have been actively discussing stimulus packages this past week with the aim to help Americans cope with the coronavirus-led economic crisis. A…

Read More

Wild speculation – Huobi: Bitcoin exchange manager allegedly arrested

A Huobi manager was rumored to have been arrested. Despite denials, many investors are selling their bitcoins. Then there’s a mysterious tether payment at Huobi. Unconfirmed rumors suggest that the COO of Singapore-based Bitcoin exchange Huobi was arrested on Monday. Huobi himself denied these rumors, claiming that Robin Zhu was on a normal business trip and will attend a meeting on Tuesday. Nevertheless, some investors did not allow themselves to be appeased and already started to reduce their Bitcoin deposits. The rumors are clearly reverberating, after all, Huobi is one…

Read More

Friendliest of them all? These could be the best countries for crypto

The level of freedoms that the U.S. has provides an argument for the country as the most crypto-friendly location, although Puerto Rico also has its benefits. As a burgeoning industry less than 13 years old, cryptocurrency has seen its fair share of regulatory crackdowns and changes, especially in the United States. Jake Yocom-Piatt, co-founder of Decred, however, sees the nation as the most crypto-friendly. “Cryptocurrencies are treated as personal property in most jurisdictions, so their tax treatment is relatively uniform,” Yocom-Piatt said. He continued: “Cryptocurrency transactions are a form of…

Read More