Discussions around central bank digital currencies [CBDCs] have intensified over the last couple of months, especially since China accelerated its plans to launch its own CBDC last year. In fact, talks about CBDCs even found a place at the WEF in Davos this year. While many lawmakers had previously chosen to proceed with caution, with...Read More
Belgium’s Financial Services and Markets Authority (FSMA) is pushing the government to bring regulations for digital currencies, according to a recent report. In a Senate hearing on Feb 10, Jean-Paul Servais, chairman of FSMA, urged lawmakers to establish a legal framework for the sale, purchase, and use of virtual currencies and all related financial products....Read More
The coronavirus which started from Wuhan, China, earlier in January, shows no signs of slowing down. With over 910 people dead already, countries across the world are taking measures. The UK has officially declared it an “imminent” threat. Asian and European stocks continue to feel the pressure as they struggle into the weekly opening. At...Read More
Bitcoin has seen some intense volatility over the past 24-hours, with the cryptocurrency showing signs yesterday of stabilizing within the $10,000 region before facing a swift overnight selloff that led it to plummet as lows as $9,750 overnight. BTC’s rejection at $10,200 seems to spell trouble for the cryptocurrency’s recent uptrend, although analysts are now...Read More
The cryptocurrency world had been eagerly waiting for Bitcoin [BTC] to breach crucial resistance at $9.8k and enter the $10k club. Even though Bitcoin’s price did surge past the $10k mark, it couldn’t hold it. Following the $10k spike, Bitcoin fell by 4.55% and despite several recovery efforts, it couldn’t retrieve to $10k. At press...Read More
Bitcoin recently crossed the $10,000 level for the first time since last year, an important psychological level and quite likely a sign of a more positive market sentiment. Though Twitter did see the usual friction between altcoin communities (each thinks the other is a scam), it feels like the cryptocurrency space is gearing up to...Read More
Bitcoin’s surge past the $10,000 mark is, according to many observers, an expected bull run before the halving event slated for later in the year. With Bitcoin’s halving, the scarcity of the king coin is going to increase dramatically and may cement its position as a significant competitor to gold. In a recent Tales from...Read More
It’s no secret that Bitcoin has been caught within a firm bull trend throughout 2020, and yesterday’s rally to over $10,000 seemed to suggest that this uptrend has reached a boiling point, with a major parabolic movement looming on the horizon. It is important to note that BTC has not yet incurred any type of...Read More
VanEck, New York-based investment management company, recently published a report regarding Bitcoin and its role in the market. By outlining the digital asset’s benefits, the paper showcases its potential to serve as an investment instrument and as a store of value. Even 1% Bitcoin Can Raise The Portfolio Founded in 1955, VanEck is a global...Read More
Four months since the last coming of the five-figure heaven, Bitcoin is once again back. During the early hours of 9 February, the premier cryptocurrency broke the $10,000 mark. At 0320 UTC, Bitcoin saw a massive 0.5 percent price increase on the 5-minute candlestick, taking it from $9,985 to $10,0025. However, it was not hunky-dory...Read More
Bitcoin’s intense 2020 uptrend has led the cryptocurrency to rally up towards $10,000, with the price region lying directly below this critical price level appearing to be a heavy resistance region. It is important to note that the resistance at this level, however, has not been enough to catalyze any type of sharp selloff, but...Read More
Tesla’s parabolic rally is strikingly similar to bitcoin’s but equating the two assets is just plain wrong. | Image: JACK GUEZ / AFP Is there a bitcoin-Tesla connection? Are BTC and Tesla truly the world’s most “disruptive” technologies? Blockchain, not bitcoin. Thanks to a significant uptick in Tesla (NASDAQ:TSLA) stock since the start of 2020,...Read More
Market data and charts are key fundamentals that allow investors to analyze potential crypto-assets in the market. And while the crypto-market has been in existence for over a decade, the fact that the industry has been in the mainstream for just a few years makes a constructive study of the market using long-term statistics difficult....Read More
Bitcoin’s pre-programmed scarcity is one of its most impressive qualities. It’s the world’s first truly scarce digital object. The implications of that are considerable, to say the least. To put thins in perspective, given the current population of the world, there is 1 Bitcoin for every 333 people out there. Digital Scarcity One of the...Read More
Bitcoin’s price discovery stalled on Friday but the trajectory remains up following a notable “golden cross” formation. | Image: REUTERS/Dado Ruvic/Illustration/File Photo Bitcoin’s price is eyeing an imminent return to $10,000. A key technical formation suggests a prolonged bull market is possible. Bitcoin-gold correlation continues to strengthen. After rallying to five-month highs on Friday, bitcoin’s...Read More
The derivatives market has been one of the largest benefactors of the recent bullish rally. Bitcoin’s price is up by more than 35 percent since 2020 dawned and December’s bearish doubts have been cast out over the last 36 days. According to Arcane Research’s recent report, retail and institutional investors agreed on Bitcoin’s Futures valuation...Read More
Bitcoin’s firm 2020 uptrend has led many analysts to question what types of fundamental and technical events could help bolster its mid-term price action and propel the cryptocurrency higher, and naturally its upcoming mining rewards halving is one such event that is widely looked upon as being bullish. It is important to note that the...Read More
January’s bullish sentiment has managed to permeate February as well with the market’s major crypto-assets registering a positive 1st week. Bitcoin registered another hike of 5.13 percent and the world’s largest crypto-asset breached its key resistance at $9700 on 5 February. However, the altcoins managed to rally better than BTC over the same time period....Read More
The cryptocurrency market shows no signs of slowing down so far in 2020. After charting one of the most impressive performances in January, Bitcoin continues its rally in the first week of February as well. In the past seven days, the cryptocurrency increased by about 5.5%, claiming essential resistance levels on the way up. Currently...Read More
By Mike Co What gives money value? Today, the value of a dollar is not directly tied to the value of any other asset. Not so long ago, money was directly pegged to gold. Until 1971, one ounce of gold was redeemable at a fixed value of thirty five dollars in the U.S. Yet for...Read More
Lightning Labs, the developer of the Lightning Network, recently tweeted that the company is announcing a $10 million Series A funding round, while also launching the beta of the Lightning Loop, a paid app for merchants to use the Lightning Network [LN] for faster transactions. Commenting on the move, Co-founder and CEO of Lightning Labs, Elizabeth...Read More
Crypto investors have their foot on the pedal as bitcoin and altcoins reach multi-month highs. | Image: shutterstock.com The crypto market cap peaked near $278 billion on Thursday, the highest since August. Bitcoin reached an intraday high of $9,856.43, its best level since September. Despite seeing impressive results, bitcoin is being outperformed by its lesser-known...Read More
Bitcoin’s firm 2020 uptrend is likely far from over. After incurring some intense selling pressure earlier this week, bulls fought back and propelled the cryptocurrency all the up to highs of $9,900, which is just above where it is currently trading at. This momentum has made it look increasingly likely that Bitcoin will soon make...Read More
One of the most heavily commented meetings in the cryptocurrency community finally took place. According to a recent report, Tron CEO Justin Sun had dinner with the legendary American investor – Warren Buffett, where they discussed digital assets and blockchain technology. Justin Sun Meets Warren Buffett In the summer of 2019, one of the hottest...Read More
According to Coinmarketcap, a total of 5093 digital assets currently exist in the industry, at press time. This is a significant number since the larger crypto-community is involved in the investment and development of only a handful of these crypto-projects at the time. And while questions about the larger sustenance of the crypto-market remain, Bitcoin...Read More
Cryptocurrency is still seen as a good investment in 2020. But investing in a cryptocurrency is not an easy task. Due to their volatile nature and the high risk involved in them, people hesitate to invest in them. Where mining Bitcoin is still one of the most viable investments, it is not the only option...Read More
2019 was not an easy year for crypto-derivatives exchange BitMEX. In July, the U.S. Commodity Futures Trading Commission (CFTC) launched an investigation into BitMEX to see whether it had deliberately allowed American citizens to trade on the unregulated platform. November saw the exchange accidentally leak sensitive user data through an error applying a blind carbon...Read More
Notice: Liqui.io exchange is out of business. It was the first exchange to shut down in 2019, and they hope they will be back soon. Liqui crypto exchange has closed down all services to users in January 2019. “We may be back soon. However, that depends on the market which has significantly changed since 2017....Read More
According to research by BitMEX, over 60,000 non-cooperative channel closures took place on the Bitcoin Lightning Network, out of which 72% were related to public channels and the rest were private channels. BitMEX took another look at these closures based on Bitcoin’s value, instead of the channel count-based metric. The 60,000 non-cooperative channel closures transactions...Read More
With approximately 96 days to the next Bitcoin halving event, traders, analysts, and market participants have been caught scratching their heads with regard to what its implications might be. The argument around whether the halving event is already priced in or not walks a precarious tightrope between proponents and naysayers. Regardless of what happens, it’s...Read More
