The Dow and broader U.S. stock market are surging once again after the United States and China secured a partial trade deal that avoids the escalation of further hostilities between the two superpowers. For all the hype surrounding “phase one” trade agreement, the U.S. and China remain far apart on most of the hotly debated […]
Another week, another of Crypto Tidbits. This week, Bitcoin traded within a relatively wide range — $8,200 to $8,900 — but is closing at a very similar level to last week. Analysts are currently divided over what this consolidation means for the cryptocurrency market’s short-term future. Price action (or lack thereof) aside, this week was hectic […]
Around three weeks back, altcoins suddenly started to rip higher; Ethereum gained 10% in a single day, Litecoin rocketed up by 8%, XRP gained some 20-30% in three days’ time, and so on and so forth. But since then, this odd trend in the crypto market, which has been dominated by Bitcoin for the better […]
Bitcoin (BTC) is running into its eleventh year, while Facebook’s Libra is facing renewed difficulties, with some of the founding members of the Libra Association rescinding their positions. Libra Beleagured by Hawkish Regulators Libra set a goal to launch in early 2020, but regulatory disapproval and hawkish comments from central banks shook confidence in the […]
Yesterday, the Federal Reserve (Fed) said it would restart buying bonds in the open market. Also, it will continue its overnight funding operations until January of next year. Fed’s Cash Injection Is Already Routine For the Fed, pouring cash into the markets is already routine. It seems that policymakers are trying to convince the public […]
When it comes to trading, there are several steps you can take in order to reduce your exposure to the market extremes of price volatility.
A new data set has emerged that shows the growth in Bitcoin addresses holding more than 1000 BTC, and it is currently experiencing a new high following the bear market. But what does this information mean? Was smart money buying up Bitcoin from retail investors dumping their crypto at a loss? Or is the HODL […]
Poolin made a splash when it jumped ship from Bitmain in 2017. The once-ally, now-adversary of the world’s premier mining company dove straight into the deep end with its defection: By February 2018, the newcomer mining pool was third in overall hash rate behind Bitmain’s BTC.com and Antpool, and this rise to prominence and the […]
Summary: Last night, the bitcoin market saw a strong breakout get immediately rejected as selling pressure shoved the breakout down from $8,800 to $8,200s in a very short period of time. At the moment, the market is sitting on top of strong support and it hasn’t broken just yet. If the bulls are going to […]
CME Group’s global head of equity products, Tim McCourt, believes that Asian traders and miners will welcome their Bitcoin options product with open arms come Q1 2020. As per an interview with South China Morning Post, CME anticipates greater demand for options contracts given the immense benefits of using it as a hedging mechanism, October 10, […]
Ethereum’s recently incurred upwards momentum has faltered after Bitcoin and the aggregated crypto markets hit a massive level of resistance overnight that shifted the tides and sparked a short-term downtrend. Multiple analysts are now noting that Ethereum may soon target significantly lower lows, which could mean that the recent uptrend was simply a flash in […]
Bitcoin miners are behind spikes in price volatility which saw the largest cryptocurrency hit $3100 in 2018, new data suggests. Miner Sell-Offs Preceded BTC Price Floor In fresh analysis uploaded to social media on October 11, on-chain intelligence resource Token Analyst revealed miners selling coins directly influenced the Bitcoin price. Specifically, large sell-offs coincided with […]
Typically, it’s the kid who tells their parents about Bitcoin, but for U.S. Democratic Congressional candidate Agatha Bacelar, it was the other way around. “It first started with my dad. He read the Satoshi white paper really early on, before the mainstream knew about it. At first it was just him talking about it, and […]
Well, would you look at that — within the span of literally an hour, the Bitcoin price surged to $8,820 to dump to $8,350 just minutes later. The range of this move is nearly $500 — some 5.2% at current price points. The chart below from TradingView sums up the absolutely absurd bout of volatility […]
In terms of price, Ethereum has had a pretty good week. Additionally, things are still going on under the hood as the network moves towards its next major upgrade. Naturally there will be detractors, but co-founder Vitalik Buterin has been busy this week further documenting the progress made. Ethereum 2.0 Inches Closer The first of […]
Even though the upsurge of six hundred dollars ($600) in a day has led to Bitcoin price to cross the eight thousand five hundred dollar barrier ($8,500) but it still doesn’t guarantee that Bitcoin (BTC) is in a safe state. As per Cory Fields from MIT and Greg Maxwell, Block Stream’s ex-chief technology officer (ex-CTO), […]
Finding the narrative at ethereum’s premier event.
Erik Finman’s $1 million fund will make seed-level investments in startups dealing in banking and decentralized finance.
This week, popular crypto exchange Binance revealed that it added two new fiat on-ramps for Chinese customers to buy Bitcoin, through popular peer-to-peer platforms Alipay and WeChat. But just as word had begun to spread of the new addition to the world’s crypto market leader, Alipay is now refuting the claim and says that it […]
Bitcoin’s network to transactions ratio, or NVT for short, is an indicator developed by crypto analyst Willy Woo as a signal for deterring tops and bottoms of Bitcoin cycles. A tweaked version of the indicator, one that was designed to filter out private transactions, is now signaling that Bitcoin is in a buy zone – […]
Bitcoin is lauded as an “uncorrelated asset” in terms of how it performs compared to popular stock indices like the S&P 500 and other traditional financial markets. Recently, Bitcoin had shown some correlation with gold, strengthening the safe haven narrative that has been at the forefront of 2019. But Bitcoin has also shown correlation with […]
ConsenSys, a Brooklyn, New York-based Ethereum development studio studio, is awarding $175,000 to seven different open-source projects being developed on the Ethereum (ETH) blockchain. Revealed on October 10, the software development projects include Lighthouse, an innovative Ethereum software client, Tellor, an oracle network for handling off-chain data, Alice, a mobile-based platform for developing decentralized applications […]
Xago, a Cape Town-headquartered fintech firm, revealed on October 9 that it’s launching a Ripple gateway and custom-designed exchange. As noted in the release, Xago’s exchange connects to and utilizes RippleNet, a decentralized network of banks and other financial services providers that facilitates quick and cheap cross-border transfers. Notably, the Xago exchange exclusively uses XRP, […]