Bitcoin has had its share of unnerving time periods – but over the last decade, it has been one of the best investable assets. Appearing as a “black swan”, BTC reached extraordinary valuations. Bitcoin Became a ‘Wild Card’ for Personal Finance Acquiring $1 worth of BTC in 2010 would translate into more than $90,000 today,...Read More
The founder of now-defunct crypto exchange Quadrigacx may still be alive, even though he supposedly died in India about a year ago. A court-appointed law firm is seeking an answer on behalf of affected users. The firm has requested an exhumation and post-mortem autopsy in Canada of the body of Gerald Cotten, as some 76,000...Read More
Over the past few months, the crypto industry has been awash with news about the PlusToken Bitcoin scam, which allowed scammers to accrue billions worth of digital assets over the course of a year-long operation.For some context, PlusToken was a cryptocurrency “wallet” and storage solution that gave users returns on their deposits and also gave...Read More
Another week, another round of Crypto Tidbits. Bitcoin, again, saw an effectively flat week, losing a few percent in the past seven days (which isn’t much in the grand scheme of things), according to the latest data from Coin360. Altcoins have posted similar results, with a majority of cryptocurrencies shedding a percent or two, just around...Read More
Large funds are constrained by rules about profitability and portfolio balancing – hence they may be forced to shed assets like bitcoin that have the potential to return magnanimous gains. Diversification and Profitability Constraints Make Fund Managers Sell So far, stock selection rules and the fact that fund managers need to show profitability in their...Read More
Bitcoin and cryptocurrency markets are slowing down. There has been very little activity over the past week as volumes and volatility decline. Technical indicators are also lining up which could indicate a larger move is imminent or is BTC on vacation for the rest of the year? Bitcoin Slowing Down This may not be such...Read More
Bottle Pay, a social media tipping site based on Bitcoin, announced the company’s shutdown on December 13 due to new EU guidelines. Launched in June 2019, the company shut down barely three months after it secured a $2 million seed funding round. In an official tweet, Bottle Pay says, To maintain our integrity as service...Read More
Remember Gerald Cotten? The CEO of Quadriga, Canada’s largest cryptocurrency exchange, who died last year with sole knowledge of the exchange’s $130 million cryptocurrencies, and turned out that he spent it on yachts, private jets and gold coins. Yes, that guy. His bankrupt-customers want to dig up his deceased body. According to a letter, dated...Read More
For some reason or another, Bitcoin investors have long gravitated to round numbers. $1, that’s important. $100, make sure you watch that level. $1,000, all hands on deck. According to a prominent cryptocurrency investor and commentator, there’s truth to the importance of these round numbers, especially in this nascent market.Related Reading: Last Weekly Golden Cross...Read More
Around half of European countries, over 20, now have 0% interest rates and a few are already in negative territory. Ukraine, which has the highest benchmark interest rate on the continent, has just reduced it again, for the fifth time this year. The race between central banks to cut rates, when there is inflation, has...Read More
Lightning Network [LN], the micropayment protocol that was essentially created to enable instant, low-cost Bitcoin transactions, is all set to make multi-path payments interoperable. According to a recent Decrypt report, sending larger payments across the LN will be possible in the near term. Samson Mow, Chief Strategy Officer at Blockstream, told the media outlet, “Multi-path...Read More
In yesterday’s UK General Election, the British people voted for the Conservative Party to take office for another term. The pound responded with a sudden rise in value reminiscent of a Bitcoin move.However, with the now majority Conservative party campaigning to just “get Brexit done”, the future value of both the pound and euro is...Read More
Recently, Falcon Private Bank published the latest edition of the Falcon Crypto Monthly report, a publication that addressed Bitcoin and altcoin market movements over the last month and derived insights through technical analysis of the data. According to the report, the cryptocurrency market failed to consolidate above important support levels in November, trading just below...Read More
Analysts widely anticipated Bitcoin to begin incurring heightened volatility following its recent movement up to $7,500 that was instantly followed by a full retrace. Despite these expectations, BTC has remained stuck within the $7,200 region as it struggles to garner any momentum.Analysts are now noting that the cryptocurrency may currently be at a critical junction...Read More
Nexo is delighted to wish you all Happy Holidays. Throughout all the merriness, indulgence and gift-giving, Nexo’s Instant Crypto Credit Lines™ are the ideal tool to fund the abundance of the holidays, without having to sell your crypto. We recognize that for many the final days of December are often a very special time of year which...Read More
A popular service for tipping social network users has announced that it will cease functioning on New Year’s Eve. BottlePay links social accounts with Bitcoin wallets to allow users to reward each other for agreeable content.The news comes in response to EU anti-money laundering regulations. BottlePay has confirmed that users will still be able to...Read More
During the crypto hype bubble and Bitcoin’s meteoric rise, speculation ran wild due to the incredible potential the emerging technology could bring to the world, if only the technology could find its “killer app” – something that makes the technology a must-have addition to daily life.The post appeared first on NewsBTCRead More
Bitcoin and XRP were the world’s largest virtual assets going into 2019. However, while Bitcoin continues to dominate the market over the year, Ethereum did manage to overtake XRP on the cryptocurrency charts. Over the course of the last twelve months, Bitcoin and Ethereum have recorded a period of prolific performance, with the two crypto-assets...Read More
In the crypto market, there’s an ongoing bullish bias that constantly permeates the market. However, there’s no denying that the entire market, including Bitcoin, has been in a downtrend for the last few months.The post appeared first on NewsBTCRead More
Another chart of Bitcoin (BTC) price movements shows that in hindsight, periods of appreciation coincide with active, concerted minting of Tether (USDT). Bitcoin Cycles Coincided with USDT Printer In hindsight, Bitcoin price moves upward coincided with the printing of Tether (USDT). The correlation was especially flagrant in 2017, when the supply of USDT expanded in...Read More
Crypto-trader and Blockroots co-founder, Josh Rager, believes it is highly unlikely we will see bitcoin price nosedive straight to $5k. Whilst he doesn’t rule out a drop to this level, in his opinion “there would be bounces in between.” Bitfinex Long Jump No Cause For Concern Rager was posting in response to a chart showing a massive...Read More
BaseFEX is a cryptocurrency derivative exchange founded in 2018 by a veteran group of traders. Similarly to other exchanges in the industry, it offers futures trading in the form of perpetual contracts. BaseFEX also allows margin trading – short and long – using high leverage and a promising variety of cryptocurrencies to choose from. BaseFEX...Read More
At her first press conference as head of the European Central Bank (ECB), Christine Lagarde outlined her plans to lead the ECB “ahead of the curve” in the field of digital currency. “There is clearly a demand out there that we have to respond to,” she said, referring to stablecoins. Also read: Regulatory Roundup –...Read More
Global stocks surged on Thursday, driven by the US-China trade optimism. Elsewhere, British Prime Minister Boris Johnson’s historic win boosted the UK and European stocks. Markets have now become volatile, but what about Bitcoin? Let’s briefly analyze the two medium-term scenarios. Stock Rally Might Boost Investors’ Appetite for Cryptos Usually, Bitcoin has shown no correlation...Read More
Over the past few months, analysts have begun to fear that the worst is yet to come for the Bitcoin market. This fear and apathy should come as no surprise, especially considering that the cryptocurrency has already tanked 50% in the past six months, tanking as bulls expected the asset to “moon.”Despite this, top industry...Read More
Venture capital firm Blockchain Capital recently published its State of Crypto 2019 report, with a section of the publication giving an in-depth look into CBDCs, Libra, and the state of cryptocurrency usage in nation-states, retail, and institutional market segments. According to the report, crypto-assets are moving from the fringe to mainstream adoption across all three...Read More
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. We live in an era where the latest technology profoundly shapes our daily lives. The past decade has...Read More
This week, Chainalysis announced the completion of a full AML solution applied on the Bitfinex exchange. The blockchain analysis is becoming the next frontier of verification, as the Financial Action Task Force (FATF) rules start to be unrolled from the summer of 2020. Regulators Worldwide Start Looking at Blockchain Activity Directly Chainalysis remarks that institutions...Read More
Bakkt has come a long way since its launch on 23 September. After stuttering initially with low trade volumes, with the exchange recording trades of only 71 BTC on the first day, Bakkt has taken major strides in the market over the past few months. According to a press release released by Intercontinental Exchange or...Read More
Bitcoin price is showing a lot of bearish signs below the $7,280 resistance against the US Dollar.The price is likely to face resistance and selling interest near the $7,280 and $7,400 levels.There is a short term rising channel forming with resistance near $7,290 on the hourly chart of the BTC/USD pair (data feed from Kraken).The...Read More
