Well-known American investor and financial commentator Jim Rogers still believes that Bitcoin is largely overvalued, and its price will eventually plunge to zero. He argued that virtual currencies are just gambling, and the volatility behind the market will play a significant role in destroying it. Jim Rogers: Bitcoin Is Heading To Zero In a recent...Read More
Mainstream media Bloomberg has been doing some spendings in online advertisements to promote Bitcoin and cryptocurrency-related content. Spending Money To Promote Bitcoin Bloomberg is boosting its Bitcoin articles for more visibility on Facebook through paid promotion, according to an ad seen on the social media platform today. Although how long the media giant has been...Read More
2020 has turned out to be quite a turbulent year. Globally markets are in a slump as a result of the pandemic and the lockdown measures imposed in most parts of the world. While governments try to rev The post For Bitcoin and crypto deep liquidity to drive institutional interest appeared first on AMBCrypto. The...Read More
The perpetrators behind the alleged cryptocurrency Ponzi scheme PlusToken have transferred over 26 million EOS tokens from one of the wallets linked to the project to an unknown address. Historically, similar events have driven down the price of the moved asset, which brings the question if there will be any short-term consequences for EOS. PlusToken...Read More
The controversies surrounding Bitmain continue as recent reports have it that Jihan Wu has allegedly been involved in illegal activities, putting his wills and interests above the law. New Reports Spark More Controversy Toward the end of last year, Jihan Wu, who had previously stepped down as the co-CEO of Bitmain, assumed control once again....Read More
The past six months are likely to leave a lasting impact on almost all economies in the world for a few years to come. The COVID-19 pandemic and the resulting uncertainty that surrounds most markets r The post Why it makes sense for every investor to buy Bitcoin now appeared first on AMBCrypto. The post...Read More
As Bitcoin continues to trudge between the $9,500 and $10,000 range, altcoins prospects may be bolstered. The king coin’s stability off-late may have irked investors but for the top-ranking coins in t The post Bitcoin’s highest correlation is with XRP, while BTC-ETH comes in fourth appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
While Bitcoin encountered lots of turbulence in the past three years, people’s perception regarding the primary cryptocurrency has improved significantly, a recent study revealed. By comparing data from 2017 and April 2020, it concluded that more people are ready to trust it over traditional financial institutions and assets, especially after the COVID-19 pandemic. 2017 Vs....Read More
Bitcoin recently received a notable acknowledgment from a massive global automotive brand. In a celebratory video for the 50th birthday of one of its most prominent models, the British car manufacturer Land Rover included the creation of the BTC network as a significant event in the past 50 years. Land Rover Acknowledges Bitcoin Headquartered in...Read More
According to a new publication of the Federal Reserve Bank of New York, Bitcoin is not a new type of money. The authors argue that it’s a new type of exchange mechanism, capable of supporting money transfer. The well-known economist and author Peter Schiff backed up the claims, reiterating that once savers lose confidence in...Read More
According to a recent report, the majority of all mined bitcoins are held by long-term investors, while only 19% is utilized for trading. Although professional traders are roughly only 4% of the market, they are largely responsible for significant price developments, the research added. BTC HODLers On The Rise The cryptocurrency monitoring company Chainalysis recently...Read More
The last seven days were relatively calm when it comes to Bitcoin as it marks a slight decrease of less than 1%. However, on June 15th, the price dropped to about $9,000, but it managed to recover very quickly and has traded in a narrow range since. Overall retail interest in the asset seems to...Read More
According to a popular metric, Bitcoin has dropped back in a “buy zone.” Historically, it has been an attractive point for investors to accumulate as a price surge has followed on most occasions. Bitcoin’s PM Indicator Drops To 0.5 The Puell Multiple is a metric calculated by dividing the daily issuance value of bitcoins in...Read More
The host of the Protocol Podcast, Eric Savics, became a Twitter sensation overnight as he posted a video explaining how he lost his 12 BTC. Supposedly, these were his savings that he hoped he’d be able to buy an apartment with and he’s been putting the money aside for the past seven years. Now, however,...Read More
President Donald Trump has urged Treasury Secretary Steven Mnuchin to “go after Bitcoin” as early as mid-2018 amid the ongoing trade war with China, according to an unpublished book written by his former national security advisor John Bolton. Trump Against Bitcoin President Trump has not been supportive of any cryptocurrency as he pointed out himself...Read More
If you’re an expert or just started with cryptocurrency (or thinking too), finding a good and reliable cryptocurrency exchange platform is troublesome. Coinpedia lists out all the standard crypto exchanges in the space and presents a detailed review and this review is about Mercado Bitcoin Exchange. This review will represent Origin, Pros and Cons, Fees,...Read More
Bitcoin recorded its lowest interest level in 3 months, according to recent data from Google Trends. Interest in the leading cryptocurrency started fading away since the completion of Bitcoin’s third halving. Interest In Bitcoin Lowest Since March Bitcoin started receiving a lot of attention in January when news about the COVID-19 got to the mainstream....Read More
The non-custodial, decentralized exchange, Loopring, has listed pBTC – a token that acts as a fully-backed Bitcoin equivalent on the Ethereum blockchain. The addition of pBTC to Loopring – the fastest decentralized exchange (DEX) based on Ethereum – gives Bitcoin users a quick on-ramp to Ethereum’s decentralized finance (DeFi) ecosystem. Loopring Lists pBTC Provable Things...Read More
Grayscale Investments asserted that amid the current economic uncertainty prompted by the latest governments’ actions to print lots of money, institutional investors turn to Bitcoin and other cryptocurrencies looking for a potential hedge against inflation. BTC And Crypto To Serve As Hedge One of the world’s leading digital asset management companies recently posted on Twitter...Read More
A recent survey compiled by the cryptocurrency exchange BitMax indicates that the Japanese are quite fond of Ripple (XRP). Having to choose which their favorite digital asset is, most participants placed XRP close to Bitcoin and well above Ethereum. Japan Adores Ripple (XRP) The popular Japanese exchange posted the survey on Twitter to check among...Read More
The Bitcoin price took a hit as the new week commenced on 15 June. The largest digital asset, that was valued at $9,359.57 started losing its hold in the $9k range and slipped to a three-week low to $ The post Bitcoin’s falling price momentary, as options hold strong appeared first on AMBCrypto. The post...Read More
Following the recent block reward halving, many people expected the Bitcoin network hashrate to drop off significantly. That has not happened as of yet, although some changes can be noted when looking at rankings of the mining pools. Statistics provided by BTC.com confirm that the Bitcoin mining landscape has undergone some changes in the past...Read More
YouTube continues to ban cryptocurrency-related channels. The latest victim happens to be Roger Ver’s Bitcoin.com official channel. Ver posted a video on Reddit, explaining that there’s no apparent reason for YouTube’s actions. Bitcoin.com’s Official Channel Banned on YouTube The official channel of Roger Ver’s Bitcoin.com was banned on YouTube, according to a Reddit video that...Read More
A recent report warns of a scam that clones a legitimate service offering private, encrypted, and self-destructive messages, to alter BTC addresses and ultimately steal funds from unsuspecting victims. Stealing BTC By Altering Addresses According to the report by KrebsonSecurity, a fraudulent website called Privnotes has been impersonating Privnote.com for about a year. Users are...Read More
The average time required to confirm a Bitcoin transaction has plunged significantly in the past month. Simultaneously, the average transaction fees continue to drop after reaching yearly-high following the 2020 halving. BTC Average Transaction Time Plunges Data provided by Blockchain.com shows that the average time needed for a BTC transaction to be included in a...Read More
Digital currency markets are down on Sunday evening roughly 2.14% as global trade volume has slid by 31% this weekend. Coins like ethereum, bitcoin, litecoin, and bitcoin cash are all down between 1-2% in the last 24 hours. Crypto Assets Shed $16 Billion in Two Days At the time of publication, the cryptocurrency market capitalization...Read More
Bitcoin was down by 3 percent YTD. The cryptocurrency has so far failed to recuperate from the yearly highs as it continued trading below $9,500. The effects of the recent fall were not only limited t The post Bitcoin futures market notes the lowest trade volume in 2020 appeared first on AMBCrypto. The post appeared...Read More
Popular American economist Nouriel Roubini took it to Twitter to once again bash Bitcoin. This time, his criticism was set off by a phishing scam that saw a podcast owner lose his BTC savings. Nouriel Roubini Bashes Bitcoin… Again According to the popular American economist and well-known nocoiner Nouriel Roubini, also commonly referred to as...Read More
Although bullish on a longer time frame, bitcoin has shown bearishness on the lower time frame on multiple occasions. As it has been hovering in the $9,000 range for more than a month, the price looks The post Bitcoin short-term price analysis: June 14 appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
One of Wall Street’s largest banks, JPMorgan Chase, has outlined in a recent analysis that Bitcoin’s 2020 performance demonstrates the asset’s growth and maturation. The paper also notes the compelling correlation the primary cryptocurrency is exhibiting with global equities. JPMorgan: Bitcoin Matures The JPMorgan Chase analysis cited by Bloomberg examined the performance of Bitcoin and...Read More
