Hodling Bitcoin has a whole different meaning in 2020. It is no longer associated with optimistic novice traders who entered the space a gazillion years ago, all hoping for a profitable return. Instead, the trend has been taken over by huge business entities that are eyeing Bitcoin as a long-term investment strategy and as a...Read More
Billionaire hedge fund manager Paul Tudor Jones III has become an even bigger Bitcoin fan following the most recent price developments. As CryptoPotato reported back in May, Jones bought an undisclosed amount of BTC to protect himself amid the rising fears of increased inflations. In an interview with CNBC’s Squawk Box, the prominent investor doubled-down...Read More
Owner of the Bitfinex crypto exchange, iFinex announced today integration with cross-chain system pNetwork (pTokens network) which would enable BTC, ETH and LTC to automatically be tokenized, and moved on to DeFi blockchains directly from the Bitfinex platform. pNetwork is the decentralized governance layer operating the pTokens bridges. pTokens makes cryptocurrencies “compatible” with blockchains, such...Read More
While most cryptocurrency community members speculate when or if Bitcoin will ever top its all-time high against the dollar, the digital asset has already marked an ATH against other government-issued fiat currencies – the Brazilian Real and the Turkish Lira. Bitcoin Smashes Through BRL ATH The past several days have been significantly exciting for the...Read More
As Bitcoin price recorded a new yearly high, most of the participants in a recent survey shared that they hold the majority of their holdings in Bitcoin rather than altcoins. Bitcoin traders are basking in profit as October turns out to be a good month for BTC. 46% Of People Allocate More Than 50% To...Read More
According to a recent announcement, Class A Units of 3iQ’s The Bitcoin Fund have begun trading in Canadian dollars on the Toronto Stock Exchange under the symbol “QBTC.” The trade was initiated on the 20th of October. This is a crucial development, with the importance of the same highlighted by Fred Pye, President & CEO...Read More
During his appearance on DC Fintech Week 2020, the Acting Comptroller of the Currency Brian Brooks praised decentralized networks, highlighted the expanding role of cryptocurrencies and the necessary regulations, and hinted that central banks could actually become nodes to blockchain networks. Brooks On Crypto And Regulation In Brooks’ opinion, banks have treated cryptocurrency assets as...Read More
It seems that not everybody from the crypto community has warmed up to PayPal’s decision to venture into the crypto market. In a tweet calling out the payment giant’s move into crypto, Ripple CEO Brad Garlinghouse said he was disappointed with Paypal’s upcoming crypto integration since he believed this would spur the benefits of crypto...Read More
Characterized by an explosive rally in the last 24 hours, bitcoin just took back this year’s high again. But a popular TradingView-based analyst is calling for BTC to hit $14,300. This is based on the ‘Underlying Trend-line’ analysis, which, according to him, is the “the most consistent trend-line since March.” Bitcoin Testing The Underlying Trendline...Read More
A favorable week for Bitcoin in which the coin witnessed a price hike of 7% at press time. While Ethereum’s price hasn’t set the market on fire, its on-chain numbers were better over the past week in comparison to Bitcoin. Coinmetrics’ recent report suggested that Bitcoin’s active addresses were down by 2.7% and its transaction...Read More
While Bitcoin hit $12,000 and went beyond it on October 20, this surge has more to it than meets the eye. In essence, this is bullish for bitcoin and there are several reasons to quantify that. Bitcoin technical levels For long, bitcoin has wandered the $9,000, $10,000 levels, failing to successfully break these levels. However,...Read More
Bitcoin’s price is undeniably affected by many factors. Throughout its nascent history, it has displayed continuous correlation with the performance of gold, although, at times, it’s moving hand-in-hand with the stock market. The overall macroeconomic landscape has also proven to be a factor for Bitcoin’s price. For example, it saw a 40% decrease in March...Read More
“A portfolio built completely with cryptocurrencies” – to a traditional portfolio manager, is a nightmare in terms of risk and drawdowns. However, to a person that has been in crypto over the last 3-4 years, this seems like a cakewalk. While the traditional portfolio does include Emerging Markets, that, in a way, is similar to...Read More
As governments across the world stipulate the launch of CBDCs, crypto Twitter is exploding with chatter about the bullish sentiment in Bitcoin. While the launch of a CBDCs is exciting, given that they are digital currencies, the fundamental difference is the centralization. In an interesting thread on Crypto Twitter, Global Macro Investor Raoul Pal commented...Read More
Newfound bullish momentum is omnipresent with Bitcoin’s price throughout the last few days. The cryptocurrency has increased by more than $2,000 since October 6th, and it shows no signs of slowing down. Bitcoin Price Breaks 2020 Highs on PayPal News Throughout the entire month of September, Bitcoin’s price was somewhat stagnant, with a few minor...Read More
Bitcoin is enjoying several consecutive bullish days, resulting in a break above $12,000. The movement may surprise some. A few days ago, news broke that the popular cryptocurrency exchange OKEx had suspended withdrawals after reports emerged that its founder was taken away by the police. In early October, the owners of another large platform, namely...Read More
The feud between Bitcoin and Ethereum is a long-standing one. ‘Feud’ isn’t exactly the right word for it. Perhaps, the communities have fought over which is the superior coin for quite some time. However, comparing BTC and ETH is like comparing apples to oranges, while both may be fruits, both are different and alike in...Read More
One of the world’s largest online payment processing companies, PayPal, has joined the cryptocurrency market and it will allow its customers to hold, buy, and sell Bitcoin and other cryptos using fiat currency. In addition, PayPal customers will be able to spend Bitcoin to shop at over 26 million vendors already included in its network...Read More
Blockchain research and development startup IOHK, and Ethereum Classic Cooperative today announced a collaboration to provide ETC community with solutions that aimed to improve security of the network, especially after ETC had been 51% attacked three times already. In a release shared with AMBCrypto on Tuesday, the two entities analyzed the vulnerability of the ETC...Read More
New research about Russia’s retail investment market indicates a prevalence of investment in cryptocurrencies and has ranked crypto as the fifth most popular investment asset, after savings accounts, foreign currencies, real estate, and life insurance. With a quarter of Russia’s investments being carried out online, cryptocurrencies led the way with nearly 80% which were being...Read More
The probability of losing funds through investing or trading to the point where it is no longer possible to recover the losses is termed as the risk of ruin. The “probability of ruin” is as high or higher than the probability of booking a profitable trade. However, it gets interesting when you think of recovering...Read More
A survey among over 2,000 Russian investors has placed cryptocurrency next to gold in terms of popularity. Moreover, younger investors aged below 30 have displayed significant favoritism towards digital assets. Crypto Ranks Above Gold Among Russian Investors According to the study published by the World Gold Council, investors from the world’s largest country by landmass...Read More
Investing can be a daunting task, be it a newbie or an experienced investor. This involves selecting different assets that gel well with each other and return a good profit. An extension of investing is creating and maintaining portfolios. What makes a portfolio? Creating a portfolio is the opposite of putting all your eggs in...Read More
August was a bullish month for altcoin traders as they ranked in profits, forcing Bitcoin dominance to drop below 60% for the first time since the start of the year. However, the altcoin euphoria was shortlived as September brought along the bears. The end of Q3 wasn’t great for Bitcoin traders, but that was expected...Read More
By this point in 2020, Bitcoin’s investment thesis needs no retelling. But for the uninitiated, here’s a quick summary. With central banks printing money like there’s no tomorrow, and riling up liquidity, any asset which has value, is limited and can be used as currency, benefits. Case in point, Bitcoin. Since the beginning of the...Read More
Octavio Marenzi, founder and CEO of capital markets consultancy firm Opimas LLC, recently predicted that the current economic situation will shoot Bitcoin’s price “through the roof.” Simultaneously, he suggested that the traditional financial markets will suffer as the COVID-19 fears grow. Opimas CEO: Bitcoin Will Shoot Through The Roof Appearing on RT’s Boom Bust, Marenzi...Read More
The crypto space is currently having a good time, with major cryptos pumping with a decent gain margin. Most of the coins surged but many also faced a plunge also. In this piece of writing, the cryptos are listed which are among the top gainers for the day. XRP XRP, which is also a preferred...Read More
In what seems to be a case of black hat hackers masquerading as the internet’s self-professed Robin Hoods, two charitable organizations have received mysterious bitcoin donations from a cybercriminal group. The generous gesture is worth 0.88 BTC (around $10,000), with the donating hackers wanting to “make the world a better place.” Hacking Corporations To Give...Read More
The United States Financial Crimes Enforcement Network has just struck another low blow to privacy enthusiasts after announcing the first penalty for a Bitcoin mixer. According to an official press release, FinCEN issued a $60 million civil penalty against Larry Dean Harmon, the man responsible for several Bitcoin privacy-focused services. Larry Dean Harmon was the...Read More
It is a well-known fact now, that the Bitcoin blockchain is considerably processing fewer transactions than it’s ‘Ethereum’ counterpart. And this decline in transaction processing has significantly reduced the revenue of miners as well. How much? Well, on-chain analysis firm Glassnode points to numbers that are at a 5-month low. Bitcoin Miner Revenue Touches 5-Month...Read More
