Bitcoin breaks $51,000 as top analyst predicts ‘new highs ahead’
BTC price came close to breaking overhead resistance near $51,500 Bitcoin price rallied 5% to reach highs of $51,477 yesterday before retreating slightly to close at $50,967. At the time of writing, BTC/USD was changing hands at $50,310. Although it faces some slight...
US Court Sentences Another Centra Tech Co-Founder to 8 Years in Jail
Sohrab Sharma, a co-founder with the now-defunct Florida cryptocurrency firm, Centra Tech, has been sentenced to eight years in prison after he pleaded guilty to charges of duping investors via a fraudulent initial coin offering (ICO). Additionally, the court has...
Critics Claim Tesla Should Sell Bitcoin Position, Electric Vehicle Firm’s Shares Down 30% Since Buying
Ever since Tesla announced the company held $1.5 billion in bitcoin on its balance sheet during the first week of February, the company’s stocks have dropped over 30%. One analyst says that Tesla’s shareholders would be “very supportive” if the...
George Ball Says Crypto Is Effective Hedge Against Currency Debasement as US Passes $1.9 Trillion Stimulus Bill
The chairman of investment firm Sanders Morris Harris, George Ball, says cryptocurrencies are an effective hedge against currency debasement. In addition, he says that cryptocurrencies are attractive as a small part of portfolios. George Ball Advocates for Crypto as...Interesting 13
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