After being rejected under the $11,000-mark, the last 48-72 hours have seen Bitcoin survive a period of bearish turmoil. With the cryptocurrency’s price consolidating near $10,300 at press time, some degree of recovery was observed on the charts. However, the resistance at $10,412 continued to hold out. A look at Bitcoin’s charts revealed that a...Read More
A newly-proposed bill with the legislative branch of the Israeli government Knesset submitted several changes to Bitcoin’s taxation. Instead of viewing BTC as an asset and subjecting sales to capital gains tax of 25%, the new legislation plans to recognize it as a currency. New Proposal: Bitcoin As a Currency Not An Asset According to...Read More
Bitcoin and Ethereum have shared the center stage at regular intervals this year. In fact, some would argue that Ethereum has run more miles and gotten more attention than BTC this year. Such a scenario was playing out in the markets as well. Over the course of certain bullish spells in 2020, most particularly during...Read More
Everyone wants more money. It is the reason we seek good investments and at times, quick money-making schemes. While investment in stocks, bonds, and real estate are common, cryptocurrencies have emerged as an evolving class of investment, one that could help avid traders and investors. However, from a traditional point of view, the crypto-market’s volatility...Read More
Volatility is a given in the Bitcoin market, but nowadays, it’s a given in every market. Let’s face it – 2020 hasn’t been a good year for a lot of things, least of all the financial markets. With stock markets hitting record-lows, inflation only likely to rise from here, and investors puzzled with all that’s...Read More
Recently surfaced FinCEN documents revealed that some giant banks have knowingly transmitted trillions of dollars in suspicious transactions from Ponzi schemes and terrorist organizations. Names such as HSBC, Standard Chartered, Bank of America, JPMorgan Chase, and more, have been collecting significant fees while flying under the radar for years. FinCEN Documents Reveal Big Banks’ Actions...Read More
Bitcoin‘s price in the market has been taking continuous hits over the week. While Bitcoin started the week by facing strong resistance close to $11k, a sell-off soon pushed its value down by 6.32%, with the digital asset once again valued at $10.2k. While BTC tried to bounce back from this drop, on 23 September,...Read More
Attackers behind the LockBit Bitcoin ransomware have released some of the data stolen from a U.S based firm called Skyline, which organizes trade shows and exhibitions, according to the “Information Leaks” Telegram channel. Media reports did not mention whether the company had paid the ransom to retrieve the data or the funds involved. 182,719 files...Read More
Huobi has released its native crypto trading, mobile app for the Russian market according to a release shared with AMBCrypto today. With this move, users in Russia can now access Huobi’s mobile trading app on both iOS and Android. In recent news, Russia passed new regulations on crypto-trading and mining stating that it would not...Read More
Volatility and fear have been making up the crypto market at the moment. While Bitcoin [BTC] looks at another crash owing to the stock market, the remaining market has also been suffering. This present state of the market has put the best performers in the market, small-cap assets, in the worst-performing category, while BTC leads...Read More
Physically settled BTC Futures on Bakkt are 322% higher relative to the July 2020 level. The average daily volume is $36 M. Source: Skew Open interest increased 197% over the past two months and the growth of physically settled BTC Futures is proportional to the same. Physically settled BTC futures on Bakkt were the first...Read More
MicroStrategy’s recent purchase of $425 million worth of Bitcoin rapidly grasped the community’s attention. More specifically, people wonder if, what, or how much was the impact on BTC’s price and different theories emerge frequently. Take-One: MicroStrategy Buys BTC The large NASDAQ-listed company providing business intelligence, mobile software, and cloud-based services purchased its first batch of...Read More
Another crash in the Bitcoin market and the largest crypto sunk back to $10k. Even though last week’s recovery effort strengthened the BTC network, it was not enough to keep the value intact. This falling value also contributed to the falling of BTC held on major exchanges. The BTC deposits on exchanges began to decline...Read More
While discussing two popular investment terms on Twitter, Social Capital CEO Chamath Palihapitiya said that his early Bitcoin investment is his best bet. The former senior executive at Facebook also hinted that he has been “sizing up” more bitcoins since his initial purchase years ago. Batting Average Vs. Slugging Percentage The Canadian-American venture capitalist took...Read More
After celebrating its first birthday earlier this month, Binance Futures has announced a new milestone. The derivatives trading platform of the leading cryptocurrency exchange Binance has exceeded $1 trillion in trading volume since the start of the year. Binance Futures Reaches $1T Trading Volume YTD Launched a year ago, Binance Futures rapidly started expanding its...Read More
Despite the growing DeFi craze in the past few months, a recent survey compiled by CoinGecko revealed that just 23% participate actively in some form of yield farming. However, many of the farmers answered that they don’t know how to read smart contracts but were enjoying high ROIs. Yield Farming Is A Growing Trend This...Read More
By Patrick O’Grady In June, we launched Rosetta as an open-source specification that makes integrating with blockchains simpler, faster, and more reliable. There are now 20+ blockchain projects working on a Rosetta implementation (Near, Cardano, Celo, Coda, Neo, Tron, Handshake, Oasis, Cosmos, Decred, Filecoin, Ontology, Sia, Zilliqa, Digibyte, Harmony, Kadena, Nervos, and Blockstack), five in-progress...Read More
ERC-20 token, TBTC, which lets Bitcoin holders safely copy BTC over to Ethereum and access yields from DeFi apps on Ethereum, has been launched and is ready for use on the tbtc.network, according to an announcement from the Keep Network today. According to the release, TBTC is trustless and is fully backed and matched by...Read More
Bitcoin markets have welcomed volatility in the market. The week began with a sharp fall in BTC value from $10,980 to $10,286. This devaluation of Bitcoin followed a solid recovery effort observed in the market that took place during the previous week. As Bitcoin finally broke out of consolidation on 14 September its value was...Read More
The bitcoin-gold correlation has hit record levels, according to data from The Daily Shot, CoinMetrics, and skew. The correlation is being driven by economic and stock market turbulence, with institutional investors increasingly treating bitcoin as a haven hedge against inflation. Correspondence between gold and bitcoin prices will last for as long as the global economy...Read More
132 days post the third halving and Bitcoin is trading at $10450. The price has recovered nearly 25% from the post halving dip, it hit a high of 43.7% ROI last month. The ROI growth is in line with post halving prediction with YTD of 54%. Source: Ecoinometrics Though there is scope for real growth...Read More
A UK national has pled guilty and will be sent to prison for his involvement in the notorious hacker’s group “The Dark Overlord.” The organization breached and stole sensitive information from numerous companies and demanded the ransoms to be paid in Bitcoin. The Dark Overlord Member Imprisoned The US Department of Justice announced yesterday that...Read More
They say you need to be brave to invest in cryptocurrencies. In a market where price changes over 10 percent and pump and dumps are a common occurrence, a bit of safety shouldn’t go amiss. Yet, there’s a lack of it. Crypto investors are not just dipping their toes into the cryptocurrency markets, they’re taking...Read More
So, Bitcoin crashed again; this time, it dropped from $11,000 to $10,280. This only confirms that bitcoin is range-bound again, between $11,000 and $10,000 with a tolerance of $500 on either side. Like any other crash, this article will identify the reason for the crash and what to expect hereon. Markets move in unison The...Read More
The first-ever Bitcoin ETF will be launched on the Bermuda Stock Exchange (BSX) by Hashdex, a regulated Brazilian fund manager, and Nasdaq after garnering approval for the “Hashdex Nasdaq Crypto Index” four days ago. The news continues Bermuda’s legacy of being a crypto-friendly offshore international business and financial center. Three million Class E shares will...Read More
Craig Wright’s tactics for delaying the Kleiman estate litigation process may be coming to an end. The United States District Court for the Southern District of Florida has denied “on all grounds” the motion introduced by Craig S. Wright to dismiss the long-standing Kleiman vs. Wright lawsuit. Wright’s motion was denied “on all grounds” When...Read More
Bitcoin Options trading volume on the CME has consistently been higher than $7M over the past 3 months. In fact, the figure in question has even gone past $30M on quite a few occasions over the last 30 days. Source: Skew Such consistent trading volume is an indication of steady institutional interest and investment in...Read More
Bitcoin showed signs of bearishness on its charts as the market’s bulls lacked the strength to push the price past $11,000. Taking the lead of the world’s largest cryptocurrency, BitTorrent’s price slid lower down the charts as Maker too noted sharp fall in price as its downtrend persisted. Bitcoin [BTC] Source: BTC/USD on TradingView Bitcoin’s...Read More
Leaked documents as part of the FinCEN investigation showed involvement of traditional financial firms including one Mayzus Financial Services and its connection to the Mt Gox cryptocurrency hack and theft, in the global financial corruption reports exposed by BuzzFeed News. FinCEN files contain 36 suspicious activity reports (SARs) on Mayzus Financial Services, which is the...Read More
A recent study compiled by a cryptocurrency insurance company revealed that over 25% of surveyed institutional investors, who collectively manage nearly $80 billion of assets, are planning to increase their digital asset holdings. Institutional Investors To Accumulate More Crypto Although the interest from institutional interest has been rising lately, exemplified by the large digital asset...Read More
