Bitcoin has broken strongly higher over the past few days after consolidating in the low-$11,000s. The leading cryptocurrency currently trades above $12,000, which has been highlighted by analysts as an important level of technical resistance.  It isn't clear what exactly is driving Bitcoin higher in

In a testament to the growing fundamental strength of Bitcoin, the mining difficulty on the network has set a new all-time high, nearing 20 trillion after a 3.62% gain on Sunday, according to data from BTC.com. The adjustment comes after the Bitcoin hash rate, too, soared to record

Numerous exchange data points indicate that a prolonged Bitcoin uptrend is nearing. Chris Russi, CIO at Point-Slope Capital, shared three key metrics from CryptoQuant to show the overall optimism surrounding Bitcoin’s current price cycle. Negative Netflows and Whale Ratios Suggest Dropping Selling Pressure Throughout 2020, net outflows on cryptocurrency

Court documents released on October 19th indicate that the U.S. Financial Crimes Enforcement Network (FinCEN), a branch of the U.S. Treasury, is penalizing Larry Dean Harmon for Bank Secrecy Act and anti-money laundering law violations.  Harmon, based in Ohio according to the document, is the operator of two

Many of the world's foremost central banks are signaling that the monetary world is about to undergo a dramatic overhaul. At the core of this: central bank digital currencies (CBDCs), government-sanctioned digital assets that will theoretically allow an expansion of monetary policy and encroachment on privacy.  Analysts say

Jay Clayton, Chairman of the U.S. Securities and Exchange Commission (SEC), says he is willing to facilitate the tokenization of exchange-traded funds (ETFs). According to International Investment, Clayton said at a conference hosted by the U.S. Chamber of Digital Commerce that he is open to talks about the

Core to Bitcoin's role as an investment is its scarcity. With a disinflationary supply curve and a maximum supply of 21 million coins, the cryptocurrency derives much of its value from being scarce. Models such as those created by analysts like Plan B suggest this much is true.

Moving in line with other central banks, the Bank of Spain is working to pursue digital currencies further, a new plan released on Friday indicates. The Spanish central bank, also known as Banco de España, released a strategic plan for its operations in the four years ahead. Along with noting