Venezuela’s el petro cryptocurrency experiment ended in failure, but the ideas behind it deserve exposure.
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Bitcoin has climbed back above $6 000. The cryptocurrency, which has been on a wild ride, has clawed its way back to the highest level in more than six months.
Bitcoin climbed to a fresh 2019 high, approaching the $6 000 level for the first time since November.
Bitcoin is in the middle of a sustained recovery and investors should use recent weakness to buy more, according to Fundstrat technical strategist Robert Sluymer.
Cryptocurrencies tumbled after New York’s attorney general cast fresh doubt on the stability of tether, a virtual currency that plays a central role in trading on crypto exchanges around the world.
John McAfee, the eccentric antivirus pioneer known for his brushes with the law, said he has spoken to bitcoin creator Satoshi Nakamoto and plans to reveal the person’s identity.
South African bitcoin company Centbee has closed a series-A funding round with entrepreneur Calvin Ayre worth R18.3-million. Ayre is founder of CoinGeek and Antigua-based investment firm Ayre Ventures.
Here’s something for recently emboldened crypto enthusiasts to mull: bitcoin is now at its most expensive level since just before the spectacular crash of the most widely owned digital currency.
Bitcoin spiked briefly above $5 000 on Tuesday, a level it hasn’t reached since it crashed spectacularly in November. But whatever the explanation, there’s no good reason to turn bullish on crypto.
The rally that sent bitcoin to its highest level since November lasted 60 minutes and may have started with an April Fool’s joke.