If you bought Bitcoin in 2015 or 2016 when BTC was trading for less than $500 and HODL till today, the value of the assets would be around 1,750% higher. However, not many investors were lucky to purchase the cryptocurrency five years ago, partly because of the skepticism of its potential at that time. Today,...Read More
The cryptocurrency market has been moving like a crab, sideways. Due to low volatility in the market, the traders have been holding with an expectation of a price surge, but that has only resulted in an increased consolidation. The major crypto Bitcoin has remained under $9.3k for some time now, and due to a strong...Read More
Crypto investors have been eager to trade in a rallying market, however, at the moment the market has been consolidating. With the largest digital asset, Bitcoin bouncing between its immediate resistance and support, traders viewed it as an opportunity to continue hodling until the price bounces. Regular traders however were looking at the BTC whales...Read More
Authorities of Chinese city Bayan Nur issued a warning on Sunday after a reported case of bubonic plague. The city is located in the autonomous region Inner Mongolia – one of the world’s most attractive regions for Bitcoin miners. Germ Behind Bubonic Plague Killed a Third of Europe’s Population Bayan Nur’s health committee issued a...Read More
Bitmain, the once-dominant bitcoin mining equipment manufacturer, has been struggling with the back-and-forth between Micree Zhan and Jihan Wu. In a new development, Micree Zhan has not only announced a change of bank account but also a new website. On Bitmain’s WeChat group, allegedly controlled by Micree Zhan, a new bank account for the after-sales...Read More
The Commodity Futures Trading Commission (CFTC) has submitted a document to the New York Southern District Court to secure a default judgment against Benjamin Reynolds, the director of alleged fraudulent cryptocurrency scheme Control-Finance. According to reports from Finance Feeds, Reynolds failed to plead or defend the CFTC’s action, thus forcing the regulator to obtain a...Read More
Veteran market strategist Jeff Saut recently made a bold prediction that the S&P 500 index will skyrocket in the upcoming year to over 4,000. Having in mind Bitcoin’s increased correlation with the prominent US index, such a surge could be considerably beneficial for BTC’s price as well. Saut: The S&P 500 Above 4,000 Within A...Read More
For years the top-3 coins in the cryptocurrency market have not changed. Tether might’ve spoiled the three-wheel party of Bitcoin, Ethereum and XRP by intruding, but it’s less a cryptocurrency, and more a trading tool. These three coins are regarded as the elite in their own fields – currency, network, and institutions, yet in terms...Read More
According to Charles Edwards, founder of crypto asset management firm, Capriole Investments, Bitcoin’s Energy value hit an all-time high. That’s not all. The cryptocurrency’s mining hash rate also posted fresh highs yesterday. Will Bitcoin (BTC) price follow next? Bitcoin’s ‘Intrinsic Value’ Is On the Way Up As per a tweet posted by Mr. Edwards, Bitcoin’s...Read More
The US Federal Bureau of Investigations (FBI) said that the $15.3 million that a Nigerian scammer stole from two Chicago-based firms might not be recovered because the funds were converted to Bitcoin. Alleged Nigerian Scammer Arrested, But He Apparently Doesn’t Reveal Bitcoin Keys Nigerian media reported that Olalekan Jacob Ponle, nicknamed Woodberry, organized large-scale business...Read More
During a quarter that began with Bitcoin recovering from its biggest single-day drop in seven years, punctuated with the halving and ended with a two-month stable run, one would think that altcoins would have a leg up. Well, that wasn’t the case. At least not for all the altcoins, but the biggest one of the...Read More
Bitcoin has not seen a bull run for almost 3 years now. With the last bull run ending on December 17, 2017, most people are yet to witness a bull run. This is an extended bear market and a pre-bull run phase, where the price has the least volatility. Perhaps, this extended bear run is...Read More
Pascal Boyart, an artist from France who became popular in the cryptocurrency community through his paintings, has finished yet another mural. This one depicts the famous Red Jester but with a twist to reflect the current problems that riddle the global economy. “Contemplation of the Red Jester” The Bitcoin community’s favorite artist, Pascal Boyart, took...Read More
When the March 2020 dump slashed over 50 percent from Bitcoin’s trading price and $60 billion dumped from its market capitalization, onlookers and market participants feared the worst, especially with the halving less than two months away. A massive price freefall in the midst of economic uncertainty and a decrease in the supply of a...Read More
Plus Token, Bitconnect, OneCoin, had one thing in common – an investment deal that sounded too good to be true and when something’s is too good to be true, it usually is. With One Coin Ponzi, Ruja Ignatova was the leader who managed to ‘enchant’ thousands, if not millions, of her followers into investing in...Read More
Bitcoin’s funding rate has largely been negative for more than 3 months while the price barely moved. This shows that not only is the volatility low but buyers are being evened-out by sellers. Bitcoin Funding Rate Source: Skew Funding Rate is used to measure the sentiment of an asset; to determine the dominating side –...Read More
Bitcoin’s price has been under $9.5k since 25 June. Despite the sideways movement, a rise in selling pressure pushed the price of the coin between $9.2k and $9k, however, the dull movement of price cost the BTC network to lose many miners due to heavy operational costs. According to data, the BTC miner’s revenue slipped...Read More
Bitcoin has had a slew of crimes related to it in the past few years, that’s the price you pay for using a censorship-resistant universal cryptocurrency. But looking at the facets of what makes a criminal gravitate towards a particular form of payment, one can say that among cryptocurrencies, Bitcoin does not have all the...Read More
Cardano, now the eighth-largest cryptocurrency in the market, has been one of 2020’s best-performing cryptocurrencies, with its price-performance putting the likes of Bitcoin in the shade. In fact, since hitting its price bottom for the year in March, ADA has surged exponentially, outperforming Bitcoin by 200% and the rest of the altcoin market by 250%....Read More
Sextortion is a fairly new word. Much like ‘selfies’ and ‘memes’ sextortion is an addition to the English language because of the growth of technology. But unlike a self-portrait of a ‘duckface’ or an ill-pronounced word depicting pictorial humor, sextortion is far more nefarious, and not in the least bit funny. Sexual extortion involves withholding...Read More
Bitcoin underwent a bearish pattern that pushed its price from $9,216 below $9,000 for a brief moment. As the coin moves sideways on support at $9,016, the tussle between the bears and bulls continues. At press time, the market cap of bitcoin exceeded $165 billion and has a $12.5 billion 24-hour trading volume. Bitcoin One-Hour...Read More
Over the past few years, Bitcoin has fought to be considered a safe-haven asset. While precious monetary metals like gold still dominate this category and are able to retain their value with low correlation to the financial markets, many are now turning to Bitcoin to fulfill the role that gold was accustomed to dominating. However,...Read More
If you’ve been in the cryptocurrency space for a while, you’ll know that the second most important coin in the market is Tether. While the categorization of the stablecoin under the tag “cryptocurrency,” much less “decentralized currency,” can be debated, its significance in the market cannot be understated. As things stand, Tether [USDT], is the...Read More
The year’s last quarter was perhaps the most anticipated quarter since Q3 of 2016. Any guesses why? Well, if your guess was the block halving, then you guessed right. On 12 May, Bitcoin noted its third block halving, with its supply cut in half, down from 12.5 Bitcoin per block to 6.25 Bitcoin per block....Read More
An anonymous Bitcoin prediction initially published on 4chan made the headlines for being accurate with the first two out of six price targets. Even though it failed with the next two targets and disappointed believers, the crypto community is still electrified by bullish predictions for 2020. An Anonymous Prediction Almost Did It Technical analysis and...Read More
For the most part, Bitcoin has struggled to go past its psychological resistance at $10,000 in the year 2020. Just like traditional financial markets, crypto-markets also took a significant blow as soon as the scale of the COVID-19 pandemic came to the fore. However, with half of 2020 now gone, Bitcoin’s fortunes may not necessarily...Read More
With Bitcoin’s price expectations, there are usually three camps. Well, there’s actually just two, but the third one doesn’t count, because it is filled with level-headed people. There’s one camp, consisting of the John McAfee type or the Peter Schiff type claiming, ‘Bitcoin will inevitably crash and burn.’ While this form of categorization is useful...Read More
The Bitcoin derivatives market was supposed to have its day in the sun last Friday, on the 26 of June 2020. Even with over 115,000 Bitcoin Options contracts expiring, the price has not budged. The largest cryptocurrency by market capitalization is still stuck in the same range between $9,000 to $10,000, unshaken for two months. ...Read More
The world of finance was shaken on March 12 when the markets started to realize the impact of COVID-19. Before the Black Swan event that engulfed most profits in the market, the cryptocurrency market had been rallying. Bitcoin, the largest digital asset that shares a strong correlation with most cryptocurrencies in the market. When the...Read More
Decentralized finance markets have reached their highest ever levels in terms of the total amount of crypto collateral locked in smart contracts across the nascent ecosystem. DeFi: The Quickest Growing Sector in Crypto The recent liquidity farming craze has catalyzed DeFi markets so much that they have now become the quickest growing sector in the...Read More
