Bitcoin’s price just crossed the $9,000 mark. The halving, which is arguably one of the most anticipated events in the cryptocurrency space in 2020, is just months away. Still, there is no real coverage on behalf of mainstream media, unlike what happened toward the end of 2017 when Bitcoin was charting daily surges, and traditional...Read More
Bakkt, the Bitcoin Futures trading platform for institutions, had caused a lot of positive noise before its actual launch in mid-2019. The platform is backed by ICE, and since its launch, there is a constant growth in its daily reported traded volume. It had crossed the benchmark of 6,000 delivered Bakkt Bitcoin Futures. Those are...Read More
Bitcoin has been historically volatile. The king coin sustained massive volatility in the latter part of 2019. From the crucial $10k-mark, Bitcoin dropped to a low of $7.48k in September. While the coin did manage to breach $9k, the upward trend did not last long. In December, the price of the coin further declined to...Read More
Bitcoin’s firm 2020 uptrend has extended today, as the cryptocurrency has been able to post a notable climb from its recent lows of $8,200 that were set earlier this week when the cryptocurrency’s sellers made an attempt to push the cryptocurrency significantly lower. In the near-term, analysts are noting that the cryptocurrency’s ongoing attempt to...Read More
Bitcoin Cash miners have been left with a bitter taste in their mouths after BTC.TOP’s CEO Jiang Zhuoer published his proposal to direct 12.5% of mining rewards to support the BCH infrastructure over the next six months. In response, anonymous North American and European miners have announced the formation of an, “opposing mining group.” “We...Read More
Bitcoin’s 60-day correlation with gold turns positive for the first time this year. | Image: REUTERS / Anton Vaganov / File Photo Bitcoin’s price comes within a hair of $9,000 en route to its highest level in over a week. Bitcoin’s correlation to gold flips positive, according to Bloomberg. Fears of a coronavirus pandemic put...Read More
Bitcoin’s price surged 6% in 48 hours from the $8250 handle to above $8770. The price movements come as the coronavirus continues to spread in China. The Wuhan virus epidemic continues to plague throughout the country and abroad. Medical authorities confirmed a fifth case of the SARS-like virus in the United States. Much broader markets...Read More
One of the most concerning and substantial pieces of news early in 2020 came from China. The country saw the outbreak of a new coronavirus in mid-January in the Chinese city of Wuhan. Supposedly originating in a local food market in the city, the virus now spreads over a broader territory while the number of...Read More
Bitcoin Cash, the famous fork of Bitcoin, has been the center of crypto-controversy for the past few days, and the reason behind it – one of the proposals presented for the upcoming network upgrade, scheduled to take place in May 2020. The announcement made by one of the largest mining pools – BTC.Top stated that...Read More
Bitcoin’s unique properties as a store of value and medium of exchange will make it extremely valuable in the future, quant analyst claims. | Image: shutterstock.com An Ikigai analyst started a tweetstorm that details the birth of the petrodollar. The analyst also covered the fiscal irresponsibility of the federal government. He said that once inflation...Read More
The upcoming Bitcoin halving set to happen sometime in May 2020, has been anticipated by many in the crypto community. Contributors and researchers have jumped into the discussion and made their comments on how the price fluctuations and the performance of the coin after the halving could play out. Looking back,Litecoin‘s halving in August 2019...Read More
Bitcoin has successfully completed a decade of inception, and has entered a new one with one of the most important events lined up – the halving. While the entire community is already looking forward for this event, there are some who have already started paying heed to the next big change that would unfold in...Read More
The advent of Bitcoin led to the inception of several other cryptocurrencies in the market, with each coin promising to solve a different ‘problem’, and presenting its own monetary model. There are some crypto-projects that decided to have a hard cap on its supply, and there are also other coins that decided not to have...Read More
The popularity of crypto-mining in Iran due to low electricity costs has been evident. In the latest news, Iran’s Ministry of Industries, Mining and Trade recently issued 1000+ licenses for cryptocurrency mining units, according to a report. A limited number of authorized mining farms were active across the country. Amir Hossein Saeedi Naeini, an official...Read More
Jack Dorsey’s Square Crypto is working to solve bitcoin’s scalability problem. A multi-trillion-dollar market cap could be at stake. | Image: REUTERS / Charles Platiau / File Photo Jack Dorsey is working on a kit that can help integrate Lightning Network to bitcoin wallets. Dorsey’s Square won a patent for a crypto-to-fiat payment system. Bitcoin...Read More
Bitcoin and stablecoins have always been locked in a chicken-and-egg situation. Did the decentralised currency based on principles of mathematics and logic precede the digital representations of stable assets? This age-old question was addressed by Nic Carter, co-founder of CoinMetrics. He stated that while the principle of stable digital currencies preceded Bitcoin, the current crop...Read More
The CEO of one of America’s biggest banks hasn’t had anything nice to say about Bitcoin in the past. Back in 2017, JP Morgan Chase chief Jamie Dimon called Bitcoin a straight-up “fraud,” and a bubble that “won’t end well.” But now, during a CNBC interview at the World Economic Forum in Davos, Dimon says...Read More
Let’s say you’re given a wish. You can wish for anything *provided it fits into your pocket* What parameters would you employ to make your decision? If I were to chance a guess, you’d want it to be-liquid. convertible. stable. legal [maybe not], and universal. What assets would you want? A few hundred dollar bills?...Read More
A little bit of pessimism is a healthy perspective, especially when you are keeping pace with the digital assets industry. After Bitcoin‘s momentous surge this month, the past week’s correction of 6 percent has made some bulls in the market quite uneasy, with many fearing a drastic pullback below the key support range of $8100-$7900....Read More
With Bitcoin gaining more importance in the current market, certain centralized institutions fear that Bitcoin‘s decentralized monetary policy might eventually take over and destabilize the authority or control major central banks wield. Bitcoin’s monetary policy has been discussed fervently for a while now, with many major assets trying to follow the path set by the...Read More
Everyone wants their cryptocurrency to be the “next Bitcoin.” But there’s a price to pay. | Source: Motortion Films/Shutterstock.com The CEO of altcoin project uPlexa revealed to CCN.com the obstacles posed by a greedy and corrupt cryptocurrency space. Centralized exchanges have become the banks of the cryptocurrency world. If you’re not partnered with the top...Read More
Even though Peter Schiff’s lost bitcoins saga has been resolved, for now, it continues to attract the attention of the cryptocurrency community. The CEO of Binance, Changpeng Zhao (CZ), recently noted that Schiff helps Bitcoin as his negativism will push people to do the opposite of what Schiff trying to express. CZ On Schiff’s Lost...Read More
Negative rates are becoming exceedingly popular among central and local banks around the world, and the trend extends in Germany with the start of 2020. Amid this, Bitcoin’s pre-programmed inflation rate raises the question if it could serve as a full-on alternative. Simply put, having negative rates means that instead of receiving interest income on...Read More
The new year has brought in increased demand for Bitcoin Futures, with the Chicago Mercantile Exchange [CME] reflecting increasing open interest. According to a recent report by Arcane, CME continued to stay more bullish than other platforms, with June premiums looking strong. Source: Arcane Research While the premium on March contracts appeared to align between...Read More
The crypto-community’s eyes today are keenly centered on Bitcoin’s third halving scheduled for May 2020. And while the king coin’s volatility declined this week, Bitcoin’s volatility was surging throughout December 2019. That being said, the uptrend in volatility since December is “still intact,” noted a recent study. Bitcoin’s price has been consolidating, despite it breaking...Read More
After briefly touching the $9000 mark on 14th January, the largest digital asset consolidated for the next 8 days. The slump arrived on 23rd January, which resulted in a 4.41 percent drop and the bears surfaced again. However, Fundstrat’s Tom Lee remained unfazed. According to a recent segment of CNBC’s Fast Money, Lee believed that...Read More
Bitcoin went through yet another week full of volatility and considerable market movements. The cryptocurrency decreased by a total of about $400 in the past seven days. This happens just before the Chinese New Year, and history revealed that it has historically been a rather bad time for Bitcoin. However, it’s also worth noting that...Read More
It seems like we’re just not content with a bullish scenario involving Bitcoin; a bearish narrative is always around the corner! After a 6 percent drop over the last 3 days, the community speculated whether the upcoming Chinese New Year will have yet another bearish setback on BTC‘s price. A historical storyline that has played...Read More
The stars are aligning for a major bitcoin price pump, according to Travis Kling. How it plays out is a little more complicated. | Image: shutterstock.com Travis Kling shared a chart that showed bitcoin might be set for a bullish breakout in May 2020. Consider taking a contrarian stance because a post-halving dump happened in...Read More
One of the most successful and popular entrepreneurs, Elon Musk, recently spoke about Bitcoin and the general idea of cryptocurrencies. Appearing on a podcast, he said that digital assets will not replace cash fully, but they have a role to play. Bitcoin Won’t Replace Money: Musk Elon Musk is widely known for his business endeavors...Read More
