Ethereum (ETH) and Riepple (XRP) have dramatically grown in popularity this holiday, exceeding 7% and 8% of BitPay’s transactions. For the first time, Bitcoin falls below 80% of BitPay’s transactions. In addition, consumers this holiday are spending more on purchases when compared to other months this year (AOV up 15%). And the number of transactions processed by BitPay decreased slightly. The majority of consumers are buying gift cards this holiday and loading their BitPay Debit Card.  They’re spending at retailers that have yet to accept crypto. This increase is for day-to-day expenses ..read more

PlusToken Crypto Scam – this is a news alert, specially for those affected by the PlusToken ponzi scheme. It stands as the second highest digital investment scam in crypto’s relatively young history. According to newly released news report, Chinese authorities arrested an unannounced number people responsible for the scam. In the process, the 4 billion dollars worth of Bitcoin and altcoins reportedly recovered. The cryptocurrency recovery team executed the seizure on November 19, 2020. The PlusToken crypto scam or alleged Ponzi scheme started in 2018 in South Korea by 27 highly sophisticated m ..read more

Crypto analysis has shown that Ripple’s XRP long term price will be set for a favorable run. The projected surge that see it’s value surge about 100x in the crypto market. The analysis, which indicates that all altcoins will suffer a pullback in the next big correction in the market, was made by a popular crypto trader and analyst, popularly known as Credible Crypto. According to the analyst, even though many altcoins will suffer, the long term price ripple’s XRT and BTC will not really be affected. That’s because of the backing they have in the market. Credible Crypto posits that XRP may not ..read more

In January 2020, the index price of a Bitcoin was $9,545.98. Less than eleven months later, the price of the coin is now worth well over $18,000. In a year slowed down by a pandemic that plunged the economy of various countries, various investors began to see cryptocurrencies, especially Bitcoin, as an alternative currency. The fall in the value of gold from an all-time high of $2,072 per ounce. In August 2020 it surged to $1,885. November also contributed to increasing acceptability of “Bitcoin as a growth asset that can perform strongly in an era of low returns from government bonds.” Instit ..read more

A little bitcoin fact (November 19, 2020). More than 6 years ago, on August 31, 2013, a user on Reddit posted profesiezed the price of a single Bitcoin will increase 10x every two years, starting from the time of the prediction. At the time Bitcoin was trading at $300 a coin. So, according to the user’s prediction or prophesy, BTC price was to be $1,000 in 2015, increased another 10x to $10,000 in 2017, and this year (2020), $100,000. The user did prophesied Bitcoin’s 2015 and 2017 price corrected. However, He’s going to miss his 2020 Bitcoin price prediction by 2020 by a mile, unless, in 33 d ..read more

According to data gathered earlier this month, bitcoin hodlers are on the rise. BTC is gaining while speculators are on a steady decline in a run that most stakeholders believe is “just beginning.” Grayscale issued a “valuing bitcoin” report that suggested that the Hodler vs. Speculator Index (HSI) is showing a highly bullish divergence. Which is quite similar to how bitcoin behaved in early 2016. According to industry experts, HSI usually measures Bitcoin activity in wallets. The experts uses the matrix’s results to explain how network participants are using their BTC either as a store-of-val ..read more

Crypto & Bitcoin Updates – November 5, 2020: As the United States’ Presidential, Senate and House in full gear – with high uncertainty who won the White House 2 full days after the first in-person ballet was casted, the crypto & bitcoin market left little doubt who the winners are. Below are some good news to help you overcome your election anxieties. Election fever? Bitcoin surges 9% to trade near $15,000 Bitcoin (BTC) and the overall cryptocurrency market is on fire today. The first crypto coin gained 9% and approaching near $16k in less than 24 hours. The better sign that Bitco ..read more

The deadly coronavirus (COVID-19) pandemic has so far created unparalleled interference in the way business is conducted and investors invest. Much of the humankind’s economic activity stopped since the outbreak of the virus. However, the slowdown of the virus has seen Wall Street getting more optimistic about reopening. Analysts have predicted that when Wall Street reopens, there are stocks that are promising to give good returns to investors in the post-COVID economy. 1. Walmart stocks The growth of e-commerce has been on the upward trend since the breakout of this pandemic. Walmart is cert ..read more

How to secure your cryptocurrency wallets – when cryptocurrency made an appearance in 2008, Satoshi Nakamoto published a white paper with the title-Bitcoin: A Peer-to-Peer Electronic Cash System. The white paper described in detail the blockchain network’s functionality. From that time onwards, cryptocurrencies have kept growing. However, storing and trading cryptocurrency comes with risks such as: Bogus ICOs ICOs or Initial Coin Offerings are among startups’ methods to raise money for their businesses without involving any legal body. Crypto-based companies use Airdrops to create communitie ..read more

Despite the dips in traditional financial markets, institutional interest in crypto hasn’t changed. Covid-19 and the resulting lockdown has stressed almost every social and economic system to the max, moving many well past the breaking point. Both traditional and crypto markets saw a soul crushing crash in March. But crypto managed an impressive rally where traditional markets took a long while (and several stimulus packages) to claw their way out. From just under $4k in march to an impressively steady near $10 by May. The coin has been holding on strong since. A large part of what keeps keen ..read more