Genesis lending has been an industry leader when it comes to loans/borrowing and lending on both retail and institutional levels. In its recent Q3 report, quite a few interesting developments came to the fore. Loans Source: Genesis For starters, the loan originations increased by more than half in Q3 of 2020, when compared to Q2...Read More
Ever wondered what the classic bottleneck is? In the crypto-market, when Bitcoin’s price crosses a long-known resistance and the price rallies, CT is filled with bullish sentiment, bullish tweets, and bullish rants even. However, where is the entire picture? A trader’s perspective is a 360-degree one. That, alas, is often lost around the noise that...Read More
Until a few months ago, DeFi was quite the rage across the ecosystem. Of late, however, the space seems to have lost some steam, with many projects failing to sustain the early gains it made. Understandably, many in the community have since become more skeptical and cautious about the space. CEO of Three Arrows Capital...Read More
Occurring every four years, the US Presidential elections gain attention not only from US citizens but from the entire world. Being the largest country by nominal GDP and the US dollar serving as the global reserve currency, the consequences of elections’ results will be felt in the next (at least) four years everywhere. That “everywhere”...Read More
Bitcoin has registered a considerable surge of 40% over the last 4 weeks. This week, in fact, as of this writing, Bitcoin had surged by a significant 5.47% on the charts. Perhaps, the $14,000-level could be a local top and we might retrace. However, it is too soon to ascertain that without looking into the...Read More
In the previous article, we laid down the premise. In this article, we’ll be diving further to better understand when you should buy Bitcoin. To reiterate, we’re looking at how often should you buy Bitcoin, based on a series of periodic moving averages. We’ve already looked at the 200-day moving average (DMA), and now we’ll...Read More
Most crypto-statisticians believe that Bitcoin has begun decoupling from the U.S. stock market index, the S&P 500. In fact, Willy Woo had predicted that Bitcoin would break ties with the traditional market due to a boost in new entrants. Given the impact the correlation between stocks and Bitcoin has had on the crypto-market, the decoupling...Read More
Bitcoin is censorship-resistant… The hashtag #Bitcoin is not. Over the past days, Facebook has been busy censoring all posts that include the #Bitcoin hashtag in the description. There are no distinctions: Videos, photographs, and even messages have been censored, blocking the public from accessing any information related to the cryptocurrency. Upon entering the hashtag, users...Read More
The crypto market has seen an uptick in Institutional Investment of late and following the announcement of these large purchases by more firms, the market has rallied as anticipated. There is much speculation as to which firm will be the next to buy Bitcoin, but the real question is how many institutions are now accumulating...Read More
Bitcoin’s recent move above $13.5k has flipped the “Bitcoin Gold Narrative”. From Bitcoin as a store of value, the narrative has moved to Bitcoin as a safe haven. The primary reason why gold is the preferred alternative investment globally is it has been around for a few thousand years and it helps investors in reducing...Read More
Owning to the Bitcoin and the aggregated cryptocurrency market’s recent roaring rally, BTC, and crypto hedge funds have reportedly registered profits upwards of the 100 percent mark. This comes amid the rising sentiment of sidestepping banks to avail quick loans through digital assets. What does this say about the cryptocurrency industry? Bitcoin And Cryptocurrency Hedge...Read More
For BitMEX, it hasn’t been the best of years from a popularity perspective. First, it faced massive criticism during the March 13th crash, when traders lost money due to an alleged DDOS attack, and recently Arthur Hayes, CEO of the exchange faced charges over violation of anti-money laundering policies. It hasn’t been smooth sailing and...Read More
When should you buy Bitcoin? The default answer to that should be every day, irrespective of the price, as the simple dollar-cost average (DCA) strategy goes. But, lets be honest, nobody really does that? Why? Because its too simple. Instead, people look at a host of different technical, on-chain and macro-economic indicators. Bitcoin, due to...Read More
Bitcoin fees are soaring again, reaching a level of $12.71 as of yesterday. The recent spike in fees has been particularly steep over the past few days, with the current level reflecting a 540.3% increase. Source: Ycharts Average fees can spike when there is congestion in the network, which currently seems to be the case. Unconfirmed...Read More
Bitcoin is having a good year despite the coronavirus panics and the nervousness of the markets. After reaching an annual high of about $13863 on Oct. 28, the world’s largest cryptocurrency by market capitalization underwent a sharp correction of almost $1000 before rebounding and stabilizing at $13281. From that point on, it began a stable...Read More
A British citizen who has reportedly been an ISIS member for over four years has appeared before a local court for allegedly sending money abroad (via BTC) to help captured ISIS militants escape Syrian prison camps. According to a report, the 27-year old citizen named Hisham Chaudhary faces seven terror charges, including membership of a...Read More
In light of the anticipated October 31, which marks 12 years since the Bitcoin Whitepaper was released, many in the crypto community sought to celebrate the occasion. Blockchain cybersecurity firm, Halborn, even produced a video with several celebrities wishing Bitcoin a ‘Happy Birthday’. The list of celebrities celebrating ‘Bitcoin’s Birthday’, included David Hasselhoff, Gilbert Gottfried,...Read More
The aggregate open interest in Bitcoin futures is up 43% since the beginning of October. Based on data from Skew, cyclical drops in Bitcoin’s open interest on top derivatives exchanges occur every 45-50 days. BTC Futures Aggregated open interest || Source: Skew In the past year there were 3 peaks of open interest above $5.5...Read More
During the past week, Bitcoin continued to increase in value as it managed to break the former 2020 high. More interestingly, though, this happens as Wall Street stocks are currently taking a beating. While BTC was appreciating, all the prominent US-based indices such as the S&P 500, NASDAQ Composite, and the Dow Jones Industrial Average...Read More
A fully owned subsidiary of the private Russia-based Gazprombank (JSC) bank announced that it has received authorization from the Swiss Financial Market Supervisory Authority (FINMA) to provide cryptocurrency custody services as well as trading between crypto and fiat currencies to its corporate and institutional clients. Gazprombank said it would first provide these crypto-focused services to...Read More
A 27-year old British citizen had appeared before a local court because of allegations that he had used Bitcoin to send money to help ISIS members escape Syrian prison camps. The man, Hisham Chaudhary, has reportedly been a member of the Islamic State for over four years. Terrorist Prison Breaks Funded By Bitcoin According to...Read More
After purchasing a sizeable amount of bitcoins for himself and his company, Michael Saylor said that the firm he operates, MicroStrategy, has been running a full node of Bitcoin’s latest core version for over a month. MicroStrategy Runs A Full BTC Node Bitcoin nodes are an essential part of the Bitcoin blockchain peer-to-peer network. Running...Read More
If you are a bitcoin holder or you have stocks in MicroStrategy or Square and So .. you must be aware that the price of all the above assets has risen dramatically, some of them to an all-time high. I am holding around 2.5 BTC and some stocks in MicroStrategy, the price a month before...Read More
Crypto derivatives exchange FTX will give cryptocurrency traders the opportunity to trade tokenized shares of major companies like Apple Inc. and Amazon. The so-called fractional stocks will soon be available on the company’s platform. Tokenized Shares To Some Of The Biggest As per a recent report, FTX will be partnering with German financial firm CM Equity...Read More
Following new sanctions by the United States Treasury Department earlier this week, Iran now hopes to use Bitcoin for cross-border settlements, local media reported Thursday. The Iranian government amended its crypto regulations so that miners can redirect cryptocurrencies to Iran’s finance mechanism for international trades as the country’s fiat currency continues to suffer from both...Read More
Bitcoin has seen its hash rate decline over 43.47 % within a span of 3 days, due to Chinese mining farms closing down for the dry season. The reason being, they cannot generate enough hydropower without the rain along with a spike in electricity costs. Bitcoin hashrate has dropped by ~45% over past 3 days,...Read More
A Chinese court in the city of Yancheng denied an appeal made by four convicts behind the $1.1 billion WoToken Ponzi scheme according to a court ruling published. The judgment stands that these convicts will be sentenced to prison for a duration between 2.5 and 8.8 years. Chinese law enforcement has also seized illegal proceeds...Read More
Bitcoin equaled its 2019 highs by retesting $13,880 over the past 24-hours. While most of the market is currently rejoicing Bitcoin‘s current price of $13,000-$14,000, there might be a little bit of unrest between CME Futures and Options traders. A bullish trend can never be bad for the derivatives market but at the moment, CME...Read More
Deepak Chopra’s name is synonymous with meditation, mindfulness, and healing through healthy living. And according to the latest update, the world-renowned author and thought-leader is considering buying bitcoin. Mr. Chopra is also about to launch ‘Love in Action,’ his own blockchain-based token. Deepak Chopra Officially Enters The Blockchain Space It is important to note that...Read More
While Altcoins are struggling to improve by a buck, Bitcoin registered its new 2020 high recently. Leading a serious sense of awakening in the space, the developments elsewhere have been instrumental as well. However, keeping price out of the picture, Bitcoin’s demand is now improving in a multi-directional facet, here’s how. Investment Demand and Fundamental...Read More
