2019 started slowly for altcoins, before exhibiting a major surge over April – June. However soon, the valuation for most of them all went south. Most top altcoins performed relatively well against the US dollar. However, the year was slowly turning sour for many of them. Bitcoin faced a similar situation, but the world’s largest […]
A monthly report published by exchange platform SFOX (San Francisco Open Exchange) identifies an air of uncertainty within the industry about cryptocurrency’s place in the future of finance. With both bullish and bearish news events occurring over the last month, the price still appears to be in limbo around the $10,000 mark. Conflicting Signals Leave […]
Crystal Blockchain Analytics, a spin-off of the Bitfury Group, has released a report covering the international flow of bitcoin, in light of the new Financial Action Task Force (FATF) guidelines on the global crypto space. Crystal released this report on September 9, 2019, intending to produce a formal record of the sort of international bitcoin […]
VanEck and SolidX aim to launch a limited bitcoin ETF in the U.S. later this week, according to a report.
According to a news published by The Business Times on August 26, 2019, a new report by Arcane Research shows that the real Bitcoin dominance is more around 90 percent rather than the 70 percent mark, as indicated on CoinMarketCap. Why it Matters Bitcoin is the world’s largest cryptocurrency by market capitalization and commands a large portion of the […]
The Czech Republic seems set to step up its oversight of cryptocurrency exchanges, with recent reports suggesting that it will try to implement more stringent policies than those of the European Union in a pursuit to ensure anti-money laundering (AML) compliance. On August 8, 2019, local news outlet Hospodářské Noviny reported that, in the light […]
Institutional cryptocurrency exchange San Francisco Open Exchange suggests that Ether may not be an altcoin anymore. Institutional cryptocurrency exchange San Francisco Open Exchange (SFOX) suggested that Ether (ETH) may not be an altcoin anymore, in its latest market report published on July 24. ETH is more correlated to BTC than other alts In its post, […]
The Venezuelan president and his administration are said to be using proceeds from the airline industry – and cryptocurrency – to avoid sanctions.
Fortress Investment Group has reportedly sent out an email offering to buy Mt. Gox creditors’ bitcoin claims for $900 per bitcoin. Fortress Investment Group is buying bitcoin (BTC) claims from Mt. Gox creditors, according to a report by CoinDesk on July 8. The Japan-based cryptocurrency exchange Mt. Gox filed for bankruptcy in 2014 after losing […]
Twitter users from the US talking about Bitcoin by far dominate the discourse surrounding crypto assets on the popular social media platform. A new report states that the UK comes a close second across each of the five top digital currencies. Surprisingly, the analysis states that Bitcoin is much less popular than once thought in […]
Correlation between the Bitcoin market and the altcoin market dipped in the second quarter of 2019, claims Binance. The Malta-based cryptocurrency exchange pitted Bitcoin against thirty alternative cryptocurrencies to determine whether or not it moved in lockstep with them. The exchange noted that all the known altcoins were tailing the Bitcoin price trend positively in […]
A report by Chainalysis estimates that $1 billion dollars will be spent on illegal businesses on the dark web in 2019, but that the proportion of bitcoin transactions that involve illegal activity has declined. This analysis was delivered in the form of a webinar, laying out some of the basic terminology, methodology and results of […]
The stock market closes on the weekends, but bitcoin never closes. And that’s probably why you see the industry constantly whipsawed by wild bitcoin price fluctuations. While you’re enjoying a relaxing weekend, crypto traders elsewhere are busy buying and selling. Since May, the flurry of weekend trading has accounted for 40% of bitcoin’s price gains […]
Visa, Mastercard, PayPal and Uber are all backing Facebook’s new cryptocurrency, according to the Wall Street Journal.
Bitcoin (BTC) trading platform SFOX has released a report on the volatility of the cryptocurrency market in May 2019, finding that the value of crypto is negatively correlated with the success of traditional markets. SFOX published the study on June 6, 2019, claiming that in May “BTC had a nearly perfect negative correlation with the […]
The latest report from CoinShares shows that renewable energy powers the vast majority of the Bitcoin mining network contrary to the “ocean boiling narrative.” Bitcoin Mining Uses Mostly Clean Energy In its third bi-annual mining report, CoinShares revealed that clean energy sources powered more than 74% of the Bitcoin mining network. The new report also […]
Polish cryptocurrency exchange Coinroom has reportedly shut down its operations and disappeared with customer funds. Polish cryptocurrency exchange Coinroom has reportedly shut down its operations and disappeared with customer funds, local business news outlet money.pl reported on May 31. Money.pl received an email from one of its readers, who stated that Coinroom — which was […]
With Bitcoin [BTC] surging, avenues for price arbitrage and the growth of both the Futures and Spot market have been enhanced. A volatile product, regulatory-skeptical, and coupled with efficient trading infrastructure, would ideally be the perfect formula for effective price disparity. A recent report by Bitwise however, explains otherwise, posing the BTC Spot and Futures […]
Nestled in the exhibition room at this year’s Consensus conference, the U.S. Commodity Futures Trading Commission (CFTC) had a message for conference goers as they weaved in and out of booths representing various projects and startups in the space: “Be on the lookout for virtual currency fraud” and if you see it, let us know. […]
Citing data from blockchain research firm TokenAnalyst, Bloomberg reported on May 15, 2019, that the current boom in the price of bitcoin (BTC) might just be the consequence of investors withdrawing their holdings from large exchanges due to renewed ambiguity surrounding their financial health. Bitfinex Tether Fiasco Could have Indirectly Pumped the Market The study […]
By CCN.com: Whichever way you slice it the technical picture continues to look more and more bullish for Bitcoin. There is a distinct dip-buying pattern in BTC/USD, and the latest trough has been bought once again today. SFOX’s monthly cryptocurrency volatility outlook is here, and once more the fundamentals are bullish for the 4th straight […]
Bitcoin [BTC], the world’s largest cryptocurrency has always been compared to gold in terms of being a store of value rather than being a tradeable currency. This ongoing debate has been charged with comments from both sides of the pool; one part stating that gold will always remain the standard, while proponents from the world […]
The latest edition of “Targeting scams,” an annual report released by the Australian Competition and Consumer Commission (ACCC) revealed that the country saw a 190 percent increase in cryptocurrency scams, with a total of $6.1 million AUD ($4.3 million USD) lost to crypto criminals. This marks a substantial rise from the $2.1 million AUD ($1.48 […]