All Eyes On $10,000: Can Bitcoin Break Past This Key Level?

Just 30 or so minutes ago, Bitcoin made an attempt at $10,000, breaking past $9,900 for the first time in about forever to jump as high as $9,950. The price spike, unfortunately for bulls, fell short of the ever-so-important five digits. Though, the price of BTC is not done yet, with the price falling only to $9,890 as of the time of this article’s writing, suggesting that crypto bulls may soon again attempt to catapult Bitcoin over $10,000. The question is: will it happen? A number of analysts have recently…

FAANG Stocks Provide a Better Risk-Adjusted Performance Than Bitcoin

Bitcoin (BTC) and other cryptocurrencies have been compared to FAANG (Facebook, Apple, Amazon, Netflix and Google) companies due to their network effects, as reported by Cointelegraph. The rationale that the increase in people using a platform makes its value increase exponentially — as it happens with Facebook or the App Store — is applied to cryptocurrencies at large: The more people that hold a crypto asset, the bigger increase in market value. Further reports have suggested that these companies intend to launch their coins after Facebook’s Libra introduction to the…

Sonic The Hedgehog Merch Is About to Get Insane

Puma and Sega have teamed up to produce some pretty decent-looking Sonic the Hedgehog merch. This sort of crossover merchandising is pretty common among popular brands. With the Sonic movie on its way, we can probably expect even more merch from Sega. Another day, another exploitative brand crossover. This time it’s Puma and Sonic the Hedgehog going behind the bike sheds to make out. There are sneakers, backpacks, t-shirts, and all of it is needlessly expensive. In all honesty, this isn’t all that bad. It’s not as insane as the…

Is There Any Truth to the Tesla-Bitcoin Parallels?

Is there a bitcoin-Tesla connection? Are BTC and Tesla truly the world’s most “disruptive” technologies? Blockchain, not bitcoin. Thanks to a significant uptick in Tesla (NASDAQ:TSLA) stock since the start of 2020, a new narrative has emerged: Tesla stock is—apparently—the new bitcoin. But is there any truth to this beyond a trivial analytic link? The chronicle of Tesla’s price surge—and its kinship to BTC—is being picked apart by nearly every analyst of late. One of the most recent speculators to highlight the quasi-relationship is Bloomberg Intelligence analyst Mike McGlone. Speaking…

BSV and BCH Are Surging With Their Halvings a Month Before Bitcoin

Recently, Bitcoin (BTC) has been picking up momentum as the halving in May 2020 moves closer. However, large-cap Bitcoin forks namely, Bitcoin SV and Bitcoin Cash, will have their own halvings in April and the effects are already showing. This year, they gained 270% (BSV) and 132% (BCH) already, compared to Bitcoin’s 40%.  Crypto market daily performance. Source: Coin360 Bitcoin SV breaks out of downtrend BSV USD 1-day chart. Source: TradingView The USD chart of Bitcoin SV is showing an impressive breakout from the downtrend, which made the coin surge…

This Surprising Data Hints Crypto Market is Preparing for Its Biggest Bull Run Yet

The funding rates of bitcoin and Ethereum have been significantly higher than average throughout the past four weeks. It may suggest the crypto market is on track for a strong bull run. Funding has been positive for 37 days, showing glowing crypto market sentiment According to a well-known crypto trader who has predicted the bitcoin price to drop to the $5,000s before the next extended rally takes place, funding has been positive for 37 consecutive days. Bitcoin funding is positive for well over a month (source: il Capo of Crypto…

Coinbase Says Bitcoin Will Become Closer to Digital Gold in 93 Days

With May’s Bitcoin halving event drawing ever closer, Coinbase recently took to pushing the “Bitcoin as digital gold” narrative. In a tweet-storm to promote an accompanying blog-post published Feb. 7, it covered the key reasons why the halving and subsequent supply rate reduction will further cement that link. Scarcity creates value Since the gold standard was broken in 1971, the dollar’s value has declined and gold’s value, in dollar terms, has risen over 4000%. Gold has more value than similar metals such as copper due to its relative scarcity and…

OneCoin Ponzi Scheme Lives on as TV Show

The co-founder of cryptocurrency-inspired Ponzi scheme OneCoin faces charges of fraud and money laundering in her absence — but will now become a movie star. As Hollywood news outlet Deadline reported on Feb. 4, a United States production company has won the rights to a podcast about Ruja Ignatova originally aired by the British Broadcasting Corporation (BBC) in the United Kingdom. OneCoin drama plans to “get the word out” Charting the rise, fall and disappearance of Ignatova, “The Missing Cryptoqueen” saw 3.5 million downloads in four months when it went…

Bitcoin SV (BSV) Jumps 17% Out of Nowhere

The price 0f Bitcoin SV (BSV) on Saturday surged by up to 17 percent in what appears to be a whale-influenced pump. The BSV-to-dollar exchange rate climbed from $288.71 to as high as $343.53 in just four hours. The pair’s move uphill followed days of choppy sideways action and a humongous 300 percent jump before, showing that Bitcoin SV is initiating a run towards its year-to-date top of circa $458. Bitcoin SV jumps exponentially to break out of its flag range | Source: TradingView.com, BitFinex The jump came even though…