PayPal’s decision to enable its users to interact with cryptocurrencies directly on its platform continues to attract popular individuals’ attention. The latest to acknowledge the significance of this move were the Head of Facebook Financial, David Marcus, and Social Capital CEO Chamath Palihapitiya. Banks Will Follow PayPal, Says Marcus Arguably the most significant piece of...Read More
A recent survey compiled by Real Vision revealed quite a few interesting observations about the present-day crypto-market. The survey in question, while evaluating market sentiment across different asset classes, found that by and large, there is an extremely bullish sentiment around Bitcoin. In fact, it found that 65% of all market participants believe that Bitcoin...Read More
Founder and former executive chairman of the multinational technology conglomerate Alibaba Group, Jack Ma, believes that world regulators need to improve the legislation around digital currencies as they could create value. Ma: Digital Currencies Could Create Value In a recent speech reported by Bloomberg, the Chinese billionaire criticized the current global financial regulatory framework for...Read More
2020 may be the year of the Bitcoin. With the cryptocurrency’s price staying above $12,700 3 days in a row and above $11,000 for the past two weeks, Bitcoin seems to be rallying again. However, price theories by Bitcoin maximalists have been making the rounds for the past 10 months now. While price trends do...Read More
These are very interesting times we are living in, especially with Bitcoin in the mix. In fact, the cryptocurrency’s price hit $13,300 for the first time in 15 months. And yet, a few details aren’t in line with this surge, and here’s what those are and why they are so. It can be argued that...Read More
The following article tries to determine the quality of life of people who have purchased Bitcoin. However, before going ahead with that, what does one mean by ‘quality of life’ in the present context. Well, as one would imagine, here it simply refers to how Bitcoin HODLers are faring – Are they in trouble? Are...Read More
Bitcoin, the world’s largest cryptocurrency, recently hit a new ATH in 7 countries. Soon, it is likely that other countries will catch up too. In Brazil, Turkey, Argentina, Sudan, Angola, Venezuela, and Zambia, Bitcoin has crossed its previous ATH. However, this development may just be the tip of the iceberg. At least in Turkey’s case,...Read More
Ever since Facebook announced its plans to create a digital payment currency dubbed Libra, central bankers have tried to counter it with an invention of their own. While Libra is facing regulatory troubles, a BIS report indicated that over 80% of the world’s central banks are currently developing a central bank digital currency (CBDC). The...Read More
Everyone has their own Bitcoin buying strategy. Some look at simple things like a particular drop in price, others look at a host of wonky indicators, while some prefer to keep it simple and keep stacking sats. Which strategy works out to be the best though? Well, in short, there is no one perfect strategy....Read More
If I told you back in March that six months later, Bitcoin would be trading at over $13,000 while the biggest derivatives exchanges’ executives were indicted by U.S authorities and the biggest crypto-to-crypto exchange suspended withdrawals, you’d have laughed me out of the room. Yet, here we are. OKEx, one of the world’s largest cryptocurrency...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be considered investment advice Bitcoin looked bullish on the charts, with its price hitting $13,300. The cryptocurrency’s price movement meant that it was only 32% away from the top. It should be noted, however, that in many currencies, the...Read More
Despite having a complicated past, it seems that JP Morgan’s love for Bitcoin is growing every day thanks to its potential as an investment and store of value. In a recent report, the American bank shared with its investors an analysis of Bitcoin’s current situation and possible future scenarios regarding prices and fundamental value. The...Read More
For most of the year, the world’s largest and most dominant cryptocurrency, Bitcoin, has noted a strong correlation with the world of traditional finance. In fact, over the course of 2020, the S&P 500, Gold, and Bitcoin have been the focus of the market, given the growing uncertainty and some speculation with regard to Bitcoin’s...Read More
During a recent interview, Michael Novogratz, CEO of Galaxy Digital Holdings, shared his views on why he doesn’t see Bitcoin being used as a currency in the next 5 years. As a proponent of the store of value narrative for Bitcoin, Novogratz highlighted a few key reasons why he believes the price of Bitcoin will rise...Read More
The simple mathematical concept of a transitive property explains that if A = B, then B = A. So, in the cryptocurrency world, if 1 BTC = $13,000, then $13,000 = 1 BTC. Using that base-case, let’s scale down the equation. $1,000 can fetch you ₿0.076, and hence, scaling it down, $500 can get you...Read More
With bitcoin’s latest rally beyond the $13,000 mark, it seems like the next bull market is here. It can be seen from BTC markets that have been on fire for the last 7 days, including derivatives. The latest data shows that bitcoin futures markets on Binance have clocked the highest 24h BTC futures volumes amongst...Read More
Open Interest on Chicago Mercantile Exchange has nearly doubled over the past 30 days. In fact, Aggregate Open Interest across top derivatives exchanges is up by 31%, with the response to Bitcoin’s steep rise in price evident when Deribit, BitMEX, and OKEx’s price charts are analyzed. Aggregate Open Interest || Source: Skew Back in July...Read More
After quite a volatile rally to $13,000, bitcoin price action has tempered down a bit. But, the case for future gains remains strong, according to a technical setup that popular Youtube and Twitter-based BTC analyst Carl Martin shared today. This will surely get the hopium levels of bulls soaring. According to him, the top cryptocurrency...Read More
Bitcoin’s ATH of $19k is still 33% away. Bitcoin’s price is up 14.85% in the past 7 days and market conditions are conducive for further growth. From smart money inflow of over $550 Million within 2 weeks to drop in inflow on exchanges, nearly all charts signal the bullish sentiment. Map of spent Bitcoins ||...Read More
It is easy to forget that Bitcoin, other than being a revolutionary asset in the current financial system, was initially created with the goal of Peer-t0-Peer transactions without any intermediaries. While discussions with respect to P2P volumes are limited in the space, Arcane Research’s new report brought the P2P scenario under a new optimistic light....Read More
This week was particularly interesting in the cryptocurrency markets. Bitcoin’s price charted a new 2020 high, surging to as much as $13,217 on Binance. The entire market cap surged and gained almost $40 billion throughout the past seven days. The catalyst for this major move was PayPal. The world’s largest online payment processor announced that...Read More
The past few weeks have been quite favorable for Bitcoin’s price action. At press time, the coin was testing a key resistance around $13K, and if this resistance is breached, that would take Bitcoin to this year’s ATH. Interestingly, another metric that is quite favorable for many Bitcoiners is its UTXO profitability. According to data...Read More
Amid the most recent cryptocurrency price developments, Grayscale Investments has increased its assets under management (AUM) by over $1 billion in a week. Perhaps even more impressive is the AUM increase in a day – a “cool” $300 million. Grayscale’s AUM Explodes In October CryptoPotato reported Grayscale’s Q3 2020 record-breaking earnings last week. The company...Read More
BitMEX, one of the world’s leading Bitcoin margin trading exchanges, appears to be taking major steps to increase its value proposition. In a couple of recent announcements, the exchange said that it’s going to reduce some of its fees while also adding more cryptocurrencies for trading. This comes months after the exchange had to introduce...Read More
Open Interest on one of the world’s largest exchanges continues to increase as proof. According to data from Skew analytics, Open Interest on the Chicago Mercantile Exchange (CME) has surpassed that of retail exchange Binance and taken the second spot. The move was noted by long-term Bitcoin trader Nick Cote who likened it to an...Read More
PayPal, the world’s largest online payment processor, is reportedly exploring acquisitions of cryptocurrency-oriented companies. Citing sources familiar with the matter, Bloomberg reports that this includes the popular Bitcoin custodian BitGo. The sources also revealed that PayPal has been in talks with BitGo, and it could potentially reach a deal “within weeks.” However, the negotiations could...Read More
2020 has turned out to be quite a year for the DeFi space. DeFi’s rapid growth over the course of the year saw it cross the $12 billion-mark in terms of total value locked, with the same bullishness positively impacting popular Bitcoin (BTC) tokenization protocol – Wrapped BTC (WBTC). WBTC, the ERC-20 token on the...Read More
Bitcoin has been on fire during the past 48 hours, thanks to the ‘PayPal crypto on-ramp launch news.’ What is even more interesting to note is BTC’s future market outlook. Veteran trader and analyst Peter Brandt said that the cryptocurrency is about to log its second-highest monthly close since it started trading first. Brandt says...Read More
National Police of Tenerife arrested Santiago Fuentes who is accused of defrauding up to 32,000 people in an alleged bitcoin scam, amounting to the tune of about 850 million euros (over $1 billion). The accused is the director of a called ArbiStar 2.0, which is based in Playa Las Americas. Authorities launched an investigation after...Read More
While Binance is slowing becoming one of the most important names in the cryptocurrency industry, its native token, Binance Coin, is also gaining a lot of traction and interest this year. One of the market’s top performers in 2020, Binance Coin has flipped its objective as just an alternative to avoid transaction fees. Source: BNB/USD...Read More
