Mystery Whale Purchases Billions of Dollars in Bitcoin Within Minutes

Before Bitcoin’s dramatic price increase earlier today, an unknown buyer bought $1.6B worth of cryptocurrency in five minutes. That’s more than Elon Musk– one of the world's richest men– spent on Bitcoin in February. Whales Pumping Bitcoin’s Price CryptoQuant CEO Kim Young Ju revealed the massive purchase earlier today, using his company’s on-chain data. According to a chart comparing price and buy volume on all exchanges, buy volume massively spiked early on October 6th. This was naturally coupled by an 8% price…

Myths and Misconceptions You Should not Listen to When Buying Bitcoin

Despite being in existence for over a decade,  Bitcoin (BTC) is going mainstream now. Unfortunately, its relative newness has bred the perfect ground for myths and misconceptions about it to thrive. The mainstream media, for the most part, hasn't helped its cause either. Ignorance about their function has seen them misrepresent and downright discredited it. Opinion and news pieces portraying them as a scandal and a bubble waiting to pop abound, even in respected outlets. So for a budding investor,…