After years of purchasing significant quantities of gold, the Central Bank of Russia will seize buying more as of April 1st. The country announced it yesterday without explaining the move. Local analysts, however, claimed that the nation already has a lot of gold stashed in reserves and might start selling to international investors because of...Read More
Over $1 billion worth of stablecoins is currently stored on certain cryptocurrency exchanges. Such an extensive amount sitting on the sidelines begs the question if traders are simply waiting for a definitive bullish sign to reenter the market. Over $1B Worth Of USDT and USDC On Exchanges As Cryptopotato reported earlier this month, most stablecoins’...Read More
One of the most popular blockchain-based games, Knight Story, will launch on the TRON network as of today, March 30th. The dApp developer behind the game, Biscuit Labs, confirmed the news saying that Knight Story has undergone specific updates for its appearance on TRON. Knight Story To Run On TRON Biscuit Labs announced its newest...Read More
The extreme levels of volatility reached the U.S. dollar as well, and the world’s reserve currency is losing value. It comes only days after the historic $6.2T “stimulus package,” which aims to help individuals and businesses in need. Amid the rising threat of inflation and concerns amongst numerous experts, the cryptocurrency community broached Bitcoin’s scarcity...Read More
The global financial markets took a serious hit this month amid the growing fears of the spreading novel coronavirus (COVID-19). However, amid times of economic uncertainty, investors often turn to gold as a hedge to protect their portfolios. According to one model, the fair value of gold right now should be around $8,900, which is...Read More
The development funding state of Bitcoin Core is at a healthy level, according to a report compiled by BitMEX Research. They came to this conclusion by examining the leading organizations and individuals funding open-source Bitcoin and Lightning development. A Healthy Funding State of Open-Source BTC Development The BitMEX research team based the report on publicly...Read More
Bitcoin’s price might reach $350,000 in the years to come, according to a recent report compiled by the popular U.S. cryptocurrency exchange, Kraken. It indicated that Millennials will soon inherit trillions of dollars, which the younger generation could invest in Bitcoin, as they are more tech-oriented. The Great Wealth Transfer The paper estimated that more...Read More
An alliance consisting of Chinese government groups, banks, and technology companies will launch the Blockchain-based Service Network (BSN) in April. The innovative platform will be among the first maintained by a central government. It will allow participants to operate on top of it, without having to design a new network from scratch. Blockchain-Based Service Network...Read More
In the past seven days, bitcoin managed to add another 10% to its dollar-value as the price spiked from about $6,000 to its current point at $6,600. Yet, most of the time, it traded within a narrow range between $6,400 and $6,700. The overall volume has also declined, and, as such, the volatility decreased. If...Read More
Bitcoin’s network went through one of its biggest difficulty adjustments just recently. While this had a quick and expected impact on the network, everything is back on track with blocks being produced on schedule. However, interesting performance data reveals that the price tends to increase following extreme difficulty adjustments, such as the one that was...Read More
Bitcoin fell sharply along with all other assets during the global valuation collapse. Because it tracked with other assets like stocks, gold, and oil, there were more questions about Bitcoin correlation. Is Bitcoin an uncorrelated asset? One that doesn’t consistently move in the same or opposite direction as other securities? The Bitcoin price was uncorrelated...Read More
CME Group is the largest institutional provider of Bitcoin futures contracts. However, according to a nominee for the upcoming Board of Directors election, the company should also focus on additional operations, including mining Bitcoin and other companies, to create additional value for its stakeholders. CME Group Should Start Mining Bitcoin Dante Federighi is a nominee...Read More
A significant number of Bitcoin investors transferred extensive quantities of their holdings to exchanges during the most notable price slumps in mid-March. Ultimately, most of their panic sales were at a loss, according to the Spent Output Profit Ratio (SOPR) indicator. Bitcoin Investors Rush To Sell In Panic The popular cryptocurrency monitoring resource, TokenAnalyst, studied...Read More
As Bitcoin continues to struggle to maintain the $6,000 price area, the formation of another technical pattern is raising some concerns. The cryptocurrency charted a Death Cross, which is something that should be taken into consideration, of course, as long as you follow technical analysis. The Third Death Cross Since 2018 Incoming First things first,...Read More
Twitter founder and CEO Jack Dorsey went on to found Square Inc. (NYSE: SQ) in 2010. It’s a payment processing company that made a credit card reader merchants could use with their smartphone to accept payments. But in 2015, Square took it a step further with the creation of Square Cash (now called Cash App)....Read More
The leading cryptocurrency exchange by volume, Binance, enters a new partnership with Brave Software. As a result, the users of the Brave browser will be able to seamlessly operate with cryptocurrency assets directly through a new on-browser feature called Binance widget. Binance Partners With Brave The two companies announced the collaboration in a press release...Read More
Amid the latest price developments in the cryptocurrency market, Bitcoin’s dominance has increased to over 66%. Most alternative coins are in the red when compared to BTC’s 13% surge in the past 24 hours. BTC Dominance Rises BTC’s dominance index tracks the relative share of Bitcoin in the entire cryptocurrency market. During the numerous cycles...Read More
Bitcoin is yet to reach its yearly bottom, at least according to a recent Twitter poll. Despite surging with 80% since the March 13th low of $3,700, the majority still anticipate new price declines in BTC’s future. Pessimism Across The Community March 2020 has been quite volatile for Bitcoin and the whole cryptocurrency market. The...Read More
The US Federal Reserve announced a new set of measures to help the market in the current ongoing crisis. Among these moves is an open-ended commitment to keep buying assets under the quantitative easing measures. The markets responded with an uproar, and Bitcoin followed, charting a quick 13% increase before retracing to its current levels....Read More
The coronavirus outbreak led to new developments and restrictions in the past 24 hours. The 2020 Tokyo Olympic Games could be postponed, while India inserts a lockdown on 75 districts in its borders. The financial markets reacted adversely today, as U.S. futures and Asian stocks nosedived by up to 10% in some cases. Bitcoin is...Read More
The outbreak of the novel coronavirus caused a massive sell-off in traditional markets. However, cryptocurrencies also declined notably, causing many to question Bitcoin’s positioning as a safe-haven asset. According to the popular on-chain analyst, Willy Woo, the largest cryptocurrency, as well as gold, might have already started to decouple from traditional assets. Will Bitcoin And...Read More
NYU economics professor Nouriel Roubini attacked federal stimulus legislation Sunday as a light on aid for workers. His remarks echo the response from several prominent Democrats, including Sen. Bernie Sanders, who is running for president in the Democratic primary, and Senate Minority Leader Chuck Schumer. Likewise, House Speaker Nancy Pelosi had objections to the Senate...Read More
The novel coronavirus took the world by a storm like lightning from a clear sky. In a little more than a few months, over 200,000 people from across the globe got infected, while the death count continues to rise. This urged governments to take immediate action, and it feels as if the whole world is...Read More
The latest steep declines in Bitcoin’s price have pushed miners to switch off some of their equipment to reduce costs. Consequently, this slowed down the average daily block time by as much as 70%. Miners’ Response To The Price Drop Miners are the backbone of Bitcoin and any other Proof-of-Work-based cryptocurrency. They create new bitcoins...Read More
Efforts to contain the coronavirus pandemic have erupted into a disastrous and panicked shutdown of the economy by Western governments. The term “Marshall Law” (correct spelling: “Martial Law”) trended on Twitter last weekend. While many scoffed at this characterization of coronavirus containment efforts, it’s not entirely off base. In New York City, police can arrest...Read More
So far, the past month had seen some of the worst days in Bitcoin’s price history. Following the emerging coronavirus crisis, Bitcoin plunged from a high of over $10K in mid-February, to a current low of $3,600 reached March 12. Since then, the price had recovered to the $6,000 area, but March is not yet...Read More
This week was nothing if not tumultuous for Bitcoin. Last Friday, its price dropped a massive 40%, recording one of its steepest losses in history. However, throughout the past few days, Bitcoin managed to recover nicely, as it’s currently trading at above $6,000. One thing worth noting amid this crisis is the fact that Bitcoin,...Read More
The price for STEEM has surged a massive 180% today before retracing upon the news that Binance and Huobi will support the hard fork to split the blockchain and produce another one called Hive. Binance And Huobi To Support Hive As Cryptopotato reported, Hive will be a new blockchain that will be forked off the...Read More
Days after the significant volatility and Bitcoin price declines, Bitcoin Options trading volume on regulated exchanges sees record-breaking lows. While CME’s Options platform recently hit its all-time low level, Bakkt’s situation is even worse without any action for weeks. CME’s Bitcoin Options Volume ATL In the middle of March, the cryptocurrency market, along with most...Read More
The novel coronavirus created an economic slowdown that had a massive impact on financial and stock markets throughout the world. Some of the global indexes such as the S&P 500, DJI, FTSE 100, and so forth, charted notable losses in a manner that hasn’t been seen for decades. Naturally, this also caused a serious negative...Read More
