Bitcoin (BTC) Selling By Miners Slows Down, $54k and $60k Possible

In brief: Selling by Bitcoin miners seems to have slowed down The reducing selling pressure could provide an opportunity for Bitcoin to break $50k Margin short positions have also capitulated pointing to a bullish future for Bitcoin Bitcoin could soon test $54k or even $60k in the days to follow Selling by Bitcoin miners appears to have slowed down. This is according to an observation by the team at Bloqport that illustrated that Bitcoin miner’s net position change, has returned to neutral. Such a change will probably provide Bitcoin with…

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Aurus: A Token of Hope for Silver Investors

Recently, one of the biggest events in the financial markets involved the settling of a huge score between Wall Street giants and Redditors. It began with a stock called GameStop, where the Reddit community came together to bet against the institutions by coordinating a massive short squeeze on the popular trading platform called Robinhood. They succeeded in breaking the price barrier, boosting the GME share price from $20 up to $350 over the course of just 2 weeks. This left hedge funds sweating over their leveraged short positions. Although Robinhood…

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Binance Smart Chain’s Daily Transactions Count Exceeds Ethereum’s

In brief: The daily transaction count on the Binance smart chain has exceeded that of Ethereum 1.6 million transactions were settled on the Binance Smart Chain yesterday, February 15th compared to Ethereum’s 1.2 million The Binance smart chain has also seen an explosion of 1.593 million new addresses in a single day The above on-chain metrics point towards a bullish future for Binance Coin (BNB) The amount of daily transactions on the Binance smart chain has exceeded that of Ethereum. This milestone was highlighted by the CEO of Binance on…

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Spanish Treasury Secretary Says Cryptocurrencies Carry a ‘Risk of Default’, Repeats Bank of Spain’s Lack of Regulation Rhetoric

The government of Spain continues to harden its stance against widely adopting cryptocurrencies. The Spanish Secretary of State for the Economy recently expressed her concerns on risks that she thinks cryptos possess for the national economy. Secretary Doesn’t Like Bitcoin as It Cannot Be ‘Supervised or Sanctioned’ During the Online Fintech Summit 2021, Ana de la Cueva said that cryptocurrencies such as bitcoin (BTC) carry “a risk of default, given that the user does not have the protection offered by traditional payment systems against a default by the counterparty.” In…

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Was the Nakamoto white paper correct?

The bitcoin’s age is growing without extinction, and now it will celebrate the two-digit birthday for the first time since 2009. The cryptocurrency is incredible and favorable to the people. The headlines in the news fill with Bitcoin, i.e., fame is increasing day-by-day. As 2020 arrived, cryptocurrency value tremendously increased and dominated all other virtual currencies. Satoshi, who inaugurated the cryptocurrency for the first time in 2009 and handed it to the community in 2010, and from then, it became a source to work and study. It becomes an earning…

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YouTuber regrets spending 37 BTC — now worth $1.8M — on used Hondas

One enthusiast paid $1.8 million in BTC at today’s prices for a couple of secondhand Honda sports cars. A Honda enthusiast has released a YouTube video revealing how he spent a bunch of Bitcoin on two used sports cars. Known on social media as “NSXTRA”, Chris Cut’s Feb. 16 YouTube video titled “Idiot Spends $1.8 Million of Bitcoin on Old Hondas” reveals how much he regrets spending large amounts of Bitcoin at today’s prices on the classic sports cars. The first car in question is a Honda NXS Targa which…

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