THE DAILY ENCRYPT

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TA: Bitcoin Key Indicators Suggest Strengthening Case For More Downsides

Bitcoin gained bearish momentum below $40,000 against the US Dollar. BTC is at risk of more downsides towards the $37,200 and $36,600 levels. Bitcoin started another decline below the $40,000 and $39,000 levels. The price is trading below $39,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with …

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Stripe Launches Bitcoin Products, But What’s The Catch?

Over the years, the online payment processor Stripe has been paying close attention to the bitcoin and crypto space, waiting for the right moment to jump in. The company has now partnered with FTX and Blockchain.com to start its crypto journey. They had started to form a crypto-focused team in October 2021. Originally, Stripe said in

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Cornell Professor: Crypto Industry Could Benefit From Biden’s Executive Order, Regulations Provide Legitimacy

A Cornell University economics professor says that President Joe Biden’s executive order on the regulation of cryptocurrency could benefit the industry. “Ultimately what these sorts of regulations provide to the industry is legitimacy,” said the professor. Cornell Professor on Crypto Industry Benefiting From Biden’s Executive Order Eswar Prasad, professor of economics at Cornell University, shared

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Michael Saylor Praises Bitcoin’s Scarcity, Says Gold Is A Commodity

CEO of MicroStrategy Michael Saylor remains one of the most vocal supporters of bitcoin. Countless times in the past, Saylor has always lauded the benefits of the digital asset, which he says is the best investment. His convictions are shared by his firm which remains the publicly traded company with the largest bitcoin holdings in …

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