For many Bitcoin investors, hodling is the best long term strategy to avoid selling at a loss, especially during a rapid slump in price. However, a price surge with hodlers refusing to let go of their positions even when they are in profits means there is a huge positive sentiment among investors. Data from Glassnode,...Read More
Bitcoin’s price has been surfing turbulent waters over the past 3 months. Dipping to $6900 and spiking up to to $9400 in a span of 90 days, marked a volatile 3 months for the largest digital asset. However, Bitcoin’s difficulty and the hash rate continued to rise over the past 90 days. BTC’s difficulty and...Read More
Ethereum Futures might be the next significant product coming to the cryptocurrency scene, said the CFTC Charmain, Heath Tarbert. Furthermore, he expressed his hopes once again that the United States can lead the race for both digital assets and blockchain adoption. This aligns with Bakkt plans, as CryptoPotato reported this week. Ethereum Futures Coming Soon? Bitcoin...Read More
Digital currencies are seeing greater adoption and a lot more clarity regarding their regulatory status’. However, for many traditional investors, the technological intricacies surrounding cryptocurrencies is still unchartered territory. A week ago, CEO of Euro Pacific Capital, Peter Schiff made the headlines within the crypto community when he took to Twitter to blame Bitcoin when...Read More
Wanna buy Bitcoin in anonymity? But unaware of which exchange provides the best platform to invest? Ok! there you are in a dilemma. Relax! As you know many exchanges claim they are best, but we filter them from safety to trust. One such platform solely made for bitcoin lover i.e BitQuick Exchange. Do you know why...Read More
$7000, $8000 and now $9000! Bitcoin continued its new-found bullish momentum, breaching past its recent major resistance at $9000. The latest spike marked the sixth time BTC marched above the 9000 range since its inception, triggering major bullish sentiment among the king coin enthusiast. Source: CoinStats With the big $10,000 resistance again under its radar,...Read More
Bitcoin experienced a massive bout of volatility this morning that led it to plummet to $9,000 on popular cryptocurrency trading platform Bitmex before bulls stepped up and catalyzed a massive rally up to highs of over $9,500. This immense volatility has resulted in Bitcoin sitting at its recently established 2020 highs and has led analysts...Read More
The last week of trading has undoubtedly been a successful one for Bitcoin and the entire cryptocurrency market. BTC’s price gained more than $1,100, charting an increase upwards of 13% in the past seven days alone. Despite the few ups and downs, the price seems to be comfortable above $9,400. Interestingly enough, Bitcoin is trading...Read More
Bitcoin could be primed for a repeat of the 2017 bull market according to one adoption metric. | Image: shutterstock.com Research firm Glassnodes came up with a new metric to gauge bitcoin adoption. The growth of this new metric appears to coincide with recent bitcoin rallies. It appears that conditions are right for this metric...Read More
Andrew Yang is trying to provide a coherent strategy for cryptocurrency regulation and could be bitcoin’s best hope of reaching mass adoption. | Image: Justin Sullivan / Getty Images / AFP Yang: cryptocurrencies need “one national framework.” The U.S. is falling behind in crypto innovation. Yang may be bitcoin’s only chance at mass adoption. For bitcoin...Read More
Bitcoin’s 2020 positive price movement will continue, according to the Managing Partner at Fundstrat Global Advisors, Tom Lee. He believes that both the fundamentals and the technical aspects of the largest cryptocurrency are intact to deliver excellent results throughout the whole year. Bitcoin Enters A Bull Run Bitcoin has recorded a seriously impressive month, starting...Read More
When the news of child porn website, Welcome to Video, was cracked down by the FBI with the help of Bitcoin, a majority of the community speculated that the cryptocurrency would cease to be the king coin of the darknet. Thereby, resulting in vendors opting for a cryptocurrency that would be privacy-oriented such as Monero....Read More
Andrew Yang, who is currently running for the 2020 US Presidency, sat for an interview with Bloomberg, and he shared his stance on the matter of cryptocurrency regulations. According to him, the country needs to provide more clarity. However, he ultimately thinks that legislation can’t stop people to buy Bitcoin. Andrew Yang On Bitcoin Regulations...Read More
Blockchain analytics venture, Chainalysis informed that the total darknet market sales of cryptocurrencies grew 70% in 2019. The sales in 2019 amounted to $790 million, making it the first time the sales surpassed $600 million. Source: Chainalysis The report added: “…for the first time since 2015, darknet markets increased their share of overall incoming cryptocurrency...Read More
As bitcoin approaches three-month highs, it’s looking a lot more like a safe haven asset. | Image: shutterstock.com Bitcoin (BTC) peaks at $9,429.99, its highest in almost three months. At its highest point Wednesday, the largest cryptocurrency was up 32% year-to-date. Bitcoin is behaving a lot like a “safe haven” asset, according to Fundstrat’s Tom...Read More
The year 2019 saw 11 exchanges being hacked, resulting in the theft of almost $2.8 billion in bitcoin. According to an earlier report, the stolen bitcoins were moved into several exchanges with bulk movements to Binance and Huobi. However, new research from Chainalysis stated that over $600 million worth of bitcoin was spent on the...Read More
Since the start of January, the mid-cap crypto index had registered collective growth of over 50 percent till the end of 3rd week. The small-cap crypto index registered a positive spike with well over 35 percent returns since January 1st. The sentiment has been subdued a little over the past week, as according to Coinmetrics’...Read More
2020 has so far been an exciting and profitable year for Bitcoin. Since the early days of January, the cryptocurrency has managed to increase its value by almost 40%. This is a spectacular performance for any asset, even more so within traditional markets. BTC/USD January. Source: TradingView In the past 24 hours alone, Bitcoin is...Read More
YouTube has for the longest time defined and influenced our day-to-day life along with other social media platforms such as Facebook, Instagram, and Tiktok. News breaks here, trends are set here, money is made here; they are the go-to platforms. YouTube alone has contributed to the success of several people like Justin Bieber, PewDiePie, Jeffree...Read More
John McAfee compares bitcoin to hotmail and declares the original cryptocurrency to be the real “sh*itcoin.” | Image: REUTERS / Alexandre Meneghini / File Photo Altcoin King John McAfee derides BTC as the real sh*tcoin of the cryptocurrency world. McAfee compares BTC to hotmail – a once ubiquitous service that eventually faded away. The self-declared...Read More
The number of active entities holding Bitcoin is continuously growing over the years to the current number of over 23 million, according to a recent report. Cryptocurrency exchanges control 13% of all bitcoins, and Coinbase is the leader with the most considerable stash. The popular blockchain monitoring resource, Glassnode, recently published its new paper regarding...Read More
John McAfee, who previously made a daring prediction that Bitcoin will reach $1 million by the end of this year, continues his recently negative stance against the largest cryptocurrency. The founder of one of the most popular antivirus software said that Bitcoin is the true shitcoin, and the future of crypto is with alternative coins....Read More
Litecoin creator, Charlie Lee has been vocal about LTC becoming a privacy coin in the near future. Lee had on-boarded Grin developer, David Burkett to implement the MimbleWimble [MW] protocol and use extension blocks for scalability and privacy on the network. Noting fungibility as one of the important properties of money that had been missing...Read More
The interest and demand in the derivatives market had increased significantly in 2019 with major mainstream organizations entering the frame. The spike in institutional interest was evident but the year closed on a relatively low point in December. According to Crypto Compare’s recent report, it was indicated that regulated bitcoin derivatives product volume of CME...Read More
Bitcoin price has definitely kept everyone at the edge of their seats, but the failure of Bitcoin exchange-traded funds [ETF] has been another talked-about topic through 2019 and 2018. Numerous prominent players have tried and failed at acquiring approval from the US regulators. However, 2020 may not be the year of ETFs, according to Michael...Read More
BitMEX Research’s previous data had stated over 60,000 non-cooperative channel closures took place on the Bitcoin’s lightning network. A non-cooperative channel closure takes place when a lightning network node initiates the closure of a payment channel without directly communicating with the node linked to the channel. BitMEX, in its recent research took an in-depth look...Read More
Bitcoin was able to incur some steady upwards momentum yesterday, which allowed its price to rapidly climb up to its 2020 highs of $9,200 before it faced some strong selling pressure that led it to plummet back towards $8,900. Buyer were able to absorb the majority of this selling pressure, however, and have allowed the...Read More
An interesting poll on Twitter revealed that if Bitcoin’s price reached $100,000, most people would prefer to sell either all or some of their holdings for fiat. A comparison with another poll, however, shows an exciting consistency with what Bitcoin holders supposedly intend to do. Majority Will Sell If Bitcoin Price Reaches $100,000 One of...Read More
The sudden breakout of the coronavirus in China and its continuous spread might already be taking its toll on the local and even global economy. In a recent statement, the Japanese Economy Minister said that he believes corporate profits and factory production are taking serious hits. And while major indexes are charting losses across the...Read More
A full-blown crisis involving the taxation of bitcoin cash miners is at an end, for now. | Source: Shutterstock.com Hash war may be averted after major mining pool withdraws its support for the plan. Anonymous miners threatened a hash war in response to the tax, which could have lead to a chain split. Bitcoin.com announced...Read More
