Speculation Abounds Over the Cause of Bitcoin’s Recent Rally

Crypto’s most recent bull run began last Friday, October 25, after a significant plunge in prices just days earlier that had some prognosticators worried about a return to late 2018 and early 2019’s bleak crypto winter. Since the recent spike, prices have held relatively steady, suggesting this rally is not just a flash in the…

Russian Official Plans to Rival Bitcoin Mining Mega-Farms of Texas

A massive new Bitcoin mining facility looks to be coming to Russia. The vast new data centre is being constructed by Russian Mining Company – a firm owned by the nation’s internet ombudsman. The planned mining operation looks set to be one of the largest on the planet. The news follows announcements by Bitmain and…

Stablecoin Adoption: DAI in a Visa Card, Tether Sees Use in E-Commerce

Ethereum-based decentralized stablecoin DAI is now spendable where Visa cards are accepted and Tether sees more use by e-commerce organizations. Ethereum-based decentralized stablecoin DAI is now spendable where VISA cards are accepted and leading stablecoin Tether (USDT) is seeing increasing use by e-commerce organizations.DAI now usable in E.U. storesAccording to a press release shared with…

Altcoins Prepare to Rally in the Shadow of Bitcoin’s Recent 42% Gain

Bitcoin’s recent 42% rally may have prepared altcoins for a new upcycle. Last week Bitcoin’s (BTC) price action surprised the majority of the market and traders are now looking closely at altcoins to spot similarities that might signal a new altcoin market cycle. Daily crypto market data. Source: Coin360As Bitcoin surged, China-based altcoins began to break…

Analysts Less Bullish on Bitcoin as Short Term Trend Signals Stagnance

After facing extreme volatility over the past several days and weeks, Bitcoin (BTC) has found itself caught within a relatively tight trading range within the mid-$9,000 region, and where it goes from here could determine which direction it trends in the mid-term. Analysts are now noting that Bitcoin is currently sitting between two key levels,…

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