There are many ways to look at the financial sector. One option is to compare crypto hedge funds with their traditional brethren to see who performs better. Investing in cryptocurrency is always a risky venture. Crypto Hedge Funds Lead This Dance That also applies to more traditional markets, as there is no guarantee of profit...Read More
Bitcoin kissed the $10K mark goodbye this week as the cryptocurrency dropped to as low as $8,800 on Thursday, reaching the trend-line that was forming since the massive drop in March. As expected, BTC received strong support in that area, and its price quickly recovered to around $9,200, where it’s currently trading. The dump started...Read More
Maker DAO just received an influx of almost 2,500 Bitcoin in the past 48 hours, as the number of Wrapped Bitcoin (WBTC) locked in the decentralized finance app increased by 1,921%. Maker DAO is a decentralized lending protocol on Ethereum, which issues the stablecoin Dai (DAI) in return for ETH-based collateral. Since BTC can be...Read More
A well-known hedge fund manager has warned that governments may ban private gold ownership. He explained that central banks may attempt to demonetize gold, making it illegal for private individuals to own, as the authorities lose control of inflation amid the coronavirus-led economic crisis. Is Gold Safe? Governments May Make Owning Gold Illegal for Private...Read More
Cryptocurrency exchange Bittrex has refused to return the 23 million Steem coins it received during the fantastical Steem hard fork saga. During May 20’s Hardfork 0.23, the accounts of 64 Steem stakeholders were to be “seized,” as was revealed by an examination of the code. However, at the last minute, someone from inside Steem managed...Read More
Bitcoin Bitcoin saw a 4.4% price decline over the past seven days of trading as the coin trades at $9,115. The cryptocurrency was at the $9,815 resistance level for the majority of the week as it continuously failed to close above it. Bitcoin went on to slide lower from there on Wednesday as it dropped...Read More
The veteran Bitcoin margin trading exchange BitMEX went down for over an hour a few days ago. While the community speculated on several plausible reasons, BitMEX published a post today explaining what happened, how they can prevent similar occurrences in the future, and assuring that all customer funds are safe. Why BitMEX Went Down The...Read More
By Dmitriy Gurkovskiy, author at RoboForex Blog On Friday, May 22nd, the XRP is trying to restore after two days of sales but the impulse is not enough. The cryptocurrency is generally trading at 0.1968 USD. The technical picture of Ripple on D1 has not much changed since last week and is typical of the whole...Read More
Africans rank atop global cryptocurrency ownership rates, according to a new report by Arcade Research. South Africa ranks third globally with 13% of its internet users owning or using cryptocurrencies, while 11% of connected Nigerians own cryptocurrencies in the fifth-placed populous West African country. Uganda, Nigeria, South Africa, Kenya, and Ghana are listed in the...Read More
(Source: Space Ibiza Nightclub) In the beginning there was Jack.And Jack had a groove.And from this groove came the groove of all grooves.And while one day, viciously throwing down on his box, Jack boldly declared “Let there be house!” And house music was born. I dream of thumping house music, neon lights, and mental disorientation...Read More
The US has excelled being the World’s largest Bitcoin P2P market with the highest trading volume on Paxful and LocalBitcoins every week. Nigeria follows in the second spot and South Africa and Kenya lucky enough to secure their stands. US Tops in Bitcoin MarketPlace The Bitcoin volume in the US topped with approximately $25 million...Read More
Hello and welcome to review of MXC exchange 2020! A platform that supports the exchange of blockchain assets, MXC is also known as Matcha, supports a large number of cryptocurrencies. The exchange is backed up by FBG Capital and Genesis Group & Block Capital both of which are Chinese Blockchain investment funds. QUICK NAVIGATIONIntroduction Latest Updates: Services...Read More
XRP surged by a total of 3.4% today as the coin breaks back above the $0.2 level. The cryptocurrency managed to rebound from the support at $0.192 (.382 Fib Retracement). Against Bitcoin, XRP is attempting to push higher after printing a fresh 2020 low at 2050 SAT earlier in the week. Key Support & Resistance...Read More
Since bitcoin’s much-anticipated block reward halving took place, the top cryptocurrency is yet to take the market by any much surprises where the major effect was on Bitcoin Mining pools that saw a decrease in hash rate. However, bitcoin is suffering from a selloff which saw its price crashing below the critical support level at...Read More
Abstract: Due to numerous requests, we provide a follow up to our February 2019 piece, “Anatomy Of The Next Global Financial Crisis”. We update our thinking following the pandemic driven crash and liquidity driven recovery in financial markets. We no longer think long dated volatility related bets are an effective way to protect portfolios because...Read More
On 19 May, the BitMEX trading engine experienced unscheduled downtime between 12:00 UTC and 13:40 UTC as a result of an unexpected server restart. Before we go into the details of our investigation, we want to start by reiterating our apologies to all those affected by this event. We fully understand the significant impact such...Read More
The Price of Ethereum is undergoing a major setback due to an ongoing BTC selloff. As the general crypto markets shared the brunt of the force, Ethereum crashed below a critical point of support at $200 and was trading around $199 as of May 22, 06:59 hours UTC. As evident price decline sets in, Ethereum...Read More
Gox Rising has offered to buy out creditor claims from the collapsed cryptocurrency exchange Mt. Gox. The Brock Pierce-led outfit will pay $800 per bitcoin claim, either in BTC or cash, to creditors who are unwilling to wait for the finalization of the ongoing civil litigation. “Our payment would be put in escrow and made...Read More
It is evident that Bitcoin remains the world’s leading cryptocurrency across the board. The number of daily active averages for Bitcoin is well ahead of any altcoins, further confirming that alternative assets aren’t gaining any real adoption. When it comes to the cryptocurrency industry, Bitcoin is the go-to option. Bitcoin is the Crypto Asset That...Read More
