ShapeShift launches native Bitcoin trading via THORChain

ShapeShift, a cryptocurrency exchange based in Switzerland, has announced full integration with THORChain, enabling direct trading of native Bitcoin (BTC) with Ethereum (ETH) and Litecoin (LTC). As of Tuesday, ShapeShift’s mobile users have the ability to make cross-chain swaps without the use of an intermediary, custodian or counterparty of any kind. This capability will be extended to ShapeShift’s web-based platform in the coming weeks. Erik Voorhees, ShapeShift’s founder and CEO, explained the importance of the THORChain integration: “We believe finance must be open and immutable. The THORChain team has built…

Miami nightclub accepts Bitcoin as nightlife cautiously returns

A nightclub in Miami is set to return from over a year COVID-19-realted shutdown by accepting Bitcoin (BTC) and other cryptocurrencies as a form of payment. Luxury nightclub E11even Miami announced Tuesday that they will soon start accepting cryptocurrency as payment for tables, drinks, merchandise and other services. According to an official announcement, the list of supported cryptos will include Bitcoin, Bitcoin Cash (BCH), XRP and Dogecoin (DOGE). In order to provide the new payment method, E11even has partnered with a major cryptocurrency processing company, but not specify the name of the…

Bitcoin, Ethereum Make New All-Time Highs

Key Takeaways Bitcoin made a new all-time high of $63,500 as institutional demand skyrockets. Likewise, Ethereum created a record peak of $2,230 fueled by speculation over an upcoming protocol upgrade. If the buying pressure behind these cryptocurrencies prevails, BTC could target $70,000 and ETH $2,600. Share this article Bitcoin and Ethereum are back in price discovery mode. Despite the significant gains already posted, technical and fundamental factors point to further upside momentum.   Bitcoin Burst Through Key Resistance Institutional demand for Bitcoin continues to rise as it moves closer to replace gold as the…

US firm splashes out on 4,800 Bitcoin miners worth $34M

Pennsylvania software firm Integrated Ventures has announced the purchase of 4,800 Bitcoin (BTC) mining rigs from Chinese manufacturer Bitmain. The deal is worth just over $34 million and will see 400 of Bitmain’s Antminer model S19J’s delivered to Integrated Ventures each month for the next year. Integrated Ventures partnered with Wattum Management — a mining solutions provider — to carry out the deal, with Wattum expected to help host and manage INTV’s mining operations. The mining rigs deliver 100 terahashes each, giving IV close to 0.5 million TH/s by the…

Bitcoin Prepares For its Next Move: Where is the 100 SMA, the Key BTC Level?

Bitcoin price is consolidating above the $59,500 support zone against the US Dollar. BTC is now showing a few positive signs, but it must clear $61,200 for a fresh rally in the near term. Bitcoin is holding gains above the $60,000 and $59,500 support levels. The price is now trading well above the $59,500 level and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $59,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely…

The Rate Bitcoin Must Climb To Reach $100K By July

Bitcoin is a numbers game through and through. There are only 21 million BTC. The code and its consensus algorithm are both made up of complex math. The total coins are slashed in half every four years, and so on and so fourth. Most important of all, here’s the growth rate Bitcoin price must hit steadily to reach $100K per BTC by July 2021 according to one crypto capital manager – as well as the one thing that could get in the way. Bitcoin Price Growth Rate Should Take Crypto…

TIME Will Invest In Bitcoin and Partner With Grayscale

Key Takeaways TIME says that it is creating a series of educational crypto videos with the investment firm Grayscale. The company also plans to put Bitcoin on its balance sheet and pay its president, Keith Grossman, in Bitcoin. TIME previously created a series of NFTs and is planning to accept crypto as payment for subscriptions. Share this article TIME Magazine is taking further steps toward crypto adoption, as revealed today by Grayscale CEO Michael Sonnenshein. Three Big Announcements Sonnenshein noted that the company is taking three actions. First, TIME is…

Bitcoin Price Closes Record High Weekly, Could Conclude Cycle

Bitcoin price is currently flirting with prices above $60,000, as the momentum of the ongoing bull market slowly begins to push the asset above the key resistance level. The start of a breakout through resistance might have began with last night’s historic weekly close – the highest ever recorded. However, despite what could be a clean bullish breakout, there’s a bearish factor lingering that could make this the last weekly close the high for some time. Bitcoin Price Closes Record High Weekly Candle Above $60,000 Bitcoin price has poked above…

Bitcoin bulls are confident even as a key BTC price metric hits a new low

Newer traders might be unaware of this, but investors can also borrow BTC to margin trade a short position, thus betting on the price downside. This is why some analysts monitor the BTC, and USDT total lending amounts to gain insight into whether investors are leaning bullish or bearish. Interestingly, data shows that even as Bitcoin price aims for a new all-time high, the BTC to USDT borrow ratio reached its lowest level since Nov. 20 at OKEx. While this figure still favors bulls, it raises questions about what catalysts…

Bitcoin goes yellow as Simpsons episode features BTC price rising to infinity

The Simpsons, one of the most popular animated sitcoms in TV history, has made a rather bullish prediction for the price of Bitcoin. In Sunday’s episode of the 31-year-running cartoon, titled “Burger Kings,” the characters get into the financial market for stocks of a new burger chain created by the town’s billionaire, Montgomery Burns. When Marge is checking on her gains during an episode of “Crazy Cash” — seemingly parodying Jim Cramer’s Mad Money — the ticker feed clearly shows the price of Bitcoin (BTC) next to a green infinity symbol.…