In September 2019, the interest rate for the overnight money market — a short-term lending market where banks borrow cash from each other to meet reserve requirements at the end of a business day — surged to 10 percent. Banks weren’t willing to lend out capital for the Federal Reserve’s target interest rate of 2 […]
The Bitcoin and wider cryptocurrency markets surprised observers yesterday as the market capitalisation of leading cryptos suddenly increased. January 14 started with the market at $217.5 billion, today that figure stands at over $238.8 billion. The heightened market volatility appears to have attracted other traders to the market. Open interest in Bitcoin futures, for example, […]
Bitcoin and crypto assets are making a remarkable recovery today and markets are up almost $14 billion in under 24 hours. Bitcoin Leading Crypto Markets A few hours ago BTC started to move again, lifting off from its intraday low at support around $7,700. The move culminated in a top out at $8,250 according to […]
The cumulative sum in dormant bitcoin addresses surpassed 12.58 million BTC, worth just about $100 billion at current price. It indicates most investors are holding strong despite volatility in the market. It also demonstrates that amidst one of the steepest falls in recent history from $13,900 to $6,410, the majority of investors were holding onto […]
While Bitcoin is an asset independent of central banks, of banks, and of Wall Street, the cryptocurrency’s strength and underlying value proposition have become increasingly dependent on events in the traditional financial world as this fledgling industry has grown. Related Reading: Bitcoin Fixes This: Top Bank Chief Says Monetary Policy is Failing One such pro-Bitcoin […]
The future of finance is evolving and Ethereum based DeFi is at the forefront of it. This year has seen explosive growth in decentralized finance despite bearish crypto asset performance. 2020 is set to be even bigger with bold predictions of where DeFi will go next. 2020 Could Be Huge for DeFi Decentralized finance has […]
Coinspeaker Bitcoin Sets New $9 Billion Record for Hourly Transaction Volume Yesterday the Bitcoin network saw about $9 billion being moved in over 20 transactions, all within an hour. It’s a new record. Bitcoin Sets New $9 Billion Record for Hourly Transaction Volume Continue reading at Coinspeaker
The pension crisis is deepening across the world. As a result, Bitcoin-based retirement products are now taking center stage. Most notably, the Bitcoin IRA, which is already processing over $350 million and is projected to reach investments for over $1 billion shortly. Investor Sentiment Is Bullish on Bitcoin The pension crisis is spreading all over […]
Coinspeaker DappRadar Discovers $3.8 Billion Worth of Hidden Activity on Ethereum DappRadar discovered high transaction volumes on the ETH network after considering the tokens transferred within the smart contracts. DappRadar Discovers $3.8 Billion Worth of Hidden Activity on Ethereum Continue reading at Coinspeaker
The US Federal Reserve has continued its streak of quantitative easing, by pouring in funds to uphold the confidence that liquidity won’t dry out. The latest sum, $104 billion, is almost close to Bitcoin’s loss-adjusted market valuation. Tuur Demeester, founding partner at Adamant Capital, and Bitcoin proponent commented on the Fed’s latest liquidity injection. $104B […]
On 31 October 2019, it will be 11 years since Satoshi Nakamoto introduced the world to Bitcoin. After years of being associated with the dark web, many nations today are looking at Bitcoin and cryptocurrencies as a solution to their economic crises, with Bitcoin was evolving to become a useful speculative store of value. Dan […]
Coinspeaker U.S. SEC Charges Block.one for Its $4 Billion ICO and It’s Not as Heavy as You Think Block.one settles with the United States Securities and Exchange Commission (SEC) over its ICO which raised about $4.1 Billion. The fine, however, is less than expected. U.S. SEC Charges Block.one for Its $4 Billion ICO and It’s […]
Earlier this week, the price of Bitcoin crashed from above $10,000 to a low of just over $7,900. The abrupt drop seems to have caused an abrupt shift in the sentiment surrounding the industry. With the much-anticipated Bakkt platform’s launch coinciding with the start of the downtrend, many optimistic for the ICE-owned venture’s impact on […]
In short, no. Bakkt’s bitcoin futures launch yesterday was underwhelming but it has not had any impact on crypto markets which are doing exactly what they have done for the past couple of years. Another Slide For Crypto Assets Another day another dump. There is nothing out of the ordinary with today’s market action which […]
Following a largely bullish week for the majority of crypto assets, the bears have come out to play at the weekend. A slide back into four figures for Bitcoin has dragged most of the altcoins back down with it as $10 billion leaves cryptocurrency markets. Crypto Market Cap Slides Again A steady decline has resulted […]
The long-awaited move for bitcoin price finally initiated during Asian trading this morning. Predictions of another dump back into four figures were justified as that is exactly what has just happened resulting in $10 billion exiting the crypto space in a matter of hours. Bitcoin Bounces to $9,600 The week-long consolidation for BTC ended abruptly […]
LiquidApps, an EOS scaling project, imitated Block.One’s record-setting ICO strategy but has been met with far less investor interest.
A Russian law firm says it can help Mt Gox creditors recover up to $2 billion worth of bitcoins stolen in the 2014 hack.
Crypto exchange Huobi is investigating a massive move of 94,505 BTC from its wallets.
On September 6, more than $1 billion worth of bitcoin was sent from an unknown wallet. The transaction was processed within several hours with a $700 fee. The Token Analyst team traced some of the 94,500 bitcoin to the address of Huobi Global, a major cryptocurrency exchange, but the origins of the rest of the […]
Self-proclaimed bitcoin inventor Craig Wright plans to challenge the recent ruling against him in the $10 billion lawsuit filed by the estate of Dave Kleiman. In court papers filed Aug. 30, Wright asked district judge Beth Bloom for a 14-day deadline extension to challenge magistrate judge Bruce Reinhart’s prior ruling. Craig Wright granted deadline extension […]
A bad day for Bitcoin usually spells a nightmare for the rest of the cryptocurrencies. That appears to be exactly what is happening this Thursday on crypto markets as BTC falls to four figures while altcoins get absolutely annihilated. Double Digit Dump For Crypto This time yesterday total crypto market capitalization was over $280 billion. […]
India’s proposed cryptocurrency ban could cost the government over thirteen billion dollars ($13 billion), according to an expert’s analysis. The Government of India’s unclear stand on cryptocurrency regulations and the stringent restrictions placed on banking institutions and other cryptocurrency service providers have not only led to a widespread shutdown of budding ventures but also deprived […]