Weekly Price Analysis for Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) March 11th to March 17th

Bitcoin scored a new historical price during the past week while getting past the value of 60,000$ and 61,000$ for the first time. At the same time, Bitcoin dipped by -10% for the week, touching new high lows. Ethereum had…

EU Securities Regulator Warns of Risks in Crypto Investments

The European Securities and Markets Authority — the European Union’s independent financial authority — has warned about the high risks of crypto investment. In its most latest “Trends, Risks and Vulnerabilities” report published Wednesday, the ESMA dissected the effect of…

What is next for Bitcoin (BTC) After the 60,000$ Mark?

Bitcoin made it to a new all-time high on March 13th, despite frequent dips and historical data indicating that March of 2021 could be bearish for BTC and other cryptocurrencies. Seeing Bitcoin rising to new highs doesn’t even seem strange…

Bitcoin Now Worth More than Visa and Mastercard Combined

Bitcoin (BTC) accomplished more than hit $60,000 per coin a week ago — it also became worth more than the world’s three greatest banks consolidated. According to publicly available data, the biggest digital currency outperformed the three highest valued financial…

Tether Agrees to $18.5 M Settlement with Bitfinex and Submits to Quarterly Reporting

Bitfinex and Tether settled with the Office of the New York Attorney General in the landmark case against Tether. New York authorities claimed that Tether distorted how much Tether (USDT) coins were upheld by fiat security. The settlement requires Bitfinex…

Goldman Sachs adds Bitcoin asset class after reasoning out ‘Bitcoin is not an asset class’ last year

Cryptocurrencies and the underlying blockchain technology are gaining high level of acceptance among more mainstream institutions and investors. As institutional investment on cryptos rise rapidly, significant pressure is building on Wall Street Banks to accept Bitcoin (BTC) as a legitimate asset class.…

New Zealand Firm Launches NZD Backed Stablecoin

Auckland-based financial service provider Techemynt announced the launch of a stablecoin reportedly backed by the New Zealand dollar. In a statement from Techemynt today, the firm announced it had launched a cryptocurrency backed 1:1 by the New Zealand dollar and…

Major Swiss Retailers Set to Debut Bitcoin Giftcards

Switzerland’s crypto boom has entered another dimension with retailers rolling out Bitcoin (BTC) vouchers and gift vouchers. As indicated by Swiss daily Tages-Anzeiger, Manor — the country’s biggest retail chain — is now selling Bitcoin voucher cards in 59 of…

IRS Clarifies Reporting for Crypto bought with Fiat

The United States IRS has explained that crypto investors who just bought digital assets utilizing fiat and didn’t sell during 2020 don’t have to report said exercises. The United States Internal Revenue Service, or IRS, has refreshed its FAQ segment…

Weekly Price Analysis for Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) March 2nd to March 8th

Bitcoin is going through another price correction for the day as the top crypto is experiencing a minor dip with 11% for the week. Ethereum seems to be going through a similar scenario, with more bullishness on the side of…