Bitcoin and the crypto market haven’t been the only assets falling over the past week or two. This week marked one of the stock markets and commodity market’s worst performances in history, with the S&P 500 and Dow Jones falling by around 12% from their all-time highs established just earlier this month. It was so bad that Thursday marked the Dow Jones’ worst performance in history, when it shed over 1,000 points in a single trading session. JUST IN: Over Read more …
After Bitcoin’s crash early this week, the cryptocurrency has found itself trying to establish a base for the next move. While there are many analysts professing that BTC is “showing weakness” at current, a prominent trader recently gave an in-depth explanation as to why he is buying the asset around the $8,500 to $8,600 level, where it was trading just hours ago per data from TradingView. Related Reading: Why Bitcoin Holding This Crucial Level Will Set Stage for “Parabolic Advance” Read more …
It’s no secret that the past couple of weeks have been quite negative for Bitcoin and the aggregated crypto market, with many major altcoins incurring intense downtrends that have erased a significant amount of gains incurred throughout the first couple of months in 2020. Most major cryptocurrencies, however, are now nearing critical support levels that could catalyze an intense relief rally. These levels also seem to coincide with a massive pennant that that total crypto market cap has been caught Read more …
Brave, a major privacy-oriented rival of popular browsers like Google Chrome and Firefox, now automatically redirects users to check out archived versions of pages that were removed from the web. Starting from Feb. 25, Brave browser users can instantly access archived content of “missing” pages on the Internet via Wayback Machine integration on the Brave desktop browser. In order to unlock the new feature, Brave has partnered with popular nonprofit digital library The Internet Archive, or Archive.org. The new feature Read more …
Bitcoin futures providers have been seeing a lot of action during the last two weeks as cryptocurrency markets have been extremely volatile. Data shows there’s been significant open interest on both retail and institutional bitcoin derivatives exchanges and Skew research noted bitcoin options open interest was just shy of $1 billion on Monday. Two days later, CME Group reported that open interest in CME Bitcoin Futures touched a record high of over 6,600 contracts and there’s nearly 300 new trading Read more …
Advertisment Bitcoin futures providers have been seeing a lot of action during the last two weeks as cryptocurrency markets have been extremely volatile. Data shows there’s been significant open interest on both retail and institutional bitcoin derivatives exchanges and Skew research noted bitcoin options open interest was just shy of $1 billion on Monday. Two days later, CME Group reported that open interest in CME Bitcoin Futures touched a record high of over 6,600 contracts and there’s nearly 300 new Read more …
Companies are telling employees to stay home. Firms are debating when to shutter the office. Health officials are asking businesses to “dust off” the pandemic playbook. But for some, the coronavirus contingency plan is built in. A number of cryptocurrency exchanges have favored dispersed workforces since their launch. In an industry defined by the ideals of decentralization, companies like Binance and Kraken say they have been implementing this playbook for years: most of their employees already work remotely. And while Read more …
As part of a defamation case in front of the New South Wales, or NSW district court, Judge Judith Gibson allowed cryptocurrency usage as collateral. “This is a recognized form of investment,” Gibson said of cryptocurrency, also acknowledging its volatility, according to a brief from the Australian Associated Press. The plaintiff vies for crypto usage As part of the defamation case, the NSW court stated the accusing party must place $20,000 AUD, or approximately $13,000 USD, in a bank account Read more …
Ethereum (ETH) has been subjected to the heavy selling pressure that Bitcoin and other major altcoins have been facing over the past couple of days, with the intense market-wide downturn leading many analysts to flip bearish on the markets. In the near-term, it is highly probable that ETH will see some further downside, which could be further perpetuated by miner’s currently being in the process of offloading their holdings, potentially placing significant pressure on the cryptocurrency. This selling pressure from Read more …
A relatively new economic stimulus intended to promote growth is fast becoming the norm around the world. The proliferation of negative interest rates at central banks in Europe and Japan makes an increasingly strong case for Bitcoin. Negative interest rates are supposed to provide incentives to invest and by extension to encourage economic growth. However, the policy also functions as a direct attack on savers. Bitcoin Doesn’t Charge You to Hold… Negative interest rates have been gradually becoming more prolific Read more …
Paolo Ardoino, CTO of Bitfinex & Tether, is scheduled to speak at CryptoCompare’s Digital Asset Summit next month. This is the first time a Bitfinex/Tether exec has spoken publicly at an event. The story of Tether will finally come out of the shadows Tether is the original and most successful “stablecoin”, and it was the first tokenized USD used by crypto traders. Tether was invented to help crypto exchanges make cryptocurrency transactions to represent dollars after the banking system began Read more …
Chinese cryptocurrency exchanges and other blockchain companies are coping with a new reality as the coronavirus outbreak continues to disrupt their daily operations. While crypto trading, customer service and marketing remain largely intact, the outbreak has taken its toll on technical upgrades, product development, logistics and business travel, according to a dozen executives in China interviewed by CoinDesk. Following the outbreak, the Chinese government extended its Lunar New Year vacation by one week to Feb.10. Weeks later, a few major Read more …