KuCoin’s Futures Platform KuMEX Launches a Lite Version

KuMEX, the Bitcoin futures platform developed by KuCoin, today announced the launch of a Lite version, which not only focuses on core trading experience by simplifying the overall interface but also provides analytic tools such as a long-short ratio and revenue calculator to help newcomers to the crypto futures market better predict market trends and improve their investment strategies. KuMEX Lite introduces three major simplifications. The first is the market interface, which is simplified by switching from candlestick charts to Read more …

Ethereum Price About to Go Parabolic? Here’s Why It’s Possible

Price-wise, Ethereum hasn’t had the best of years. The second-largest cryptocurrency, according to an analysis by Bitcoin educator Jimmy Song, has lost 18% against the U.S. dollar year to date, which comes in stark contrast to Bitcoin’s approximately 85% gains in 2019. Related Reading: Why Prominent Crypto Analyst Believes XRP’s Trajectory is Positive While Ether’s performance has been harrowing at best, especially considering the fact that effectively all asset classes have seen near-record gains in the past 12 months, analysts are expecting Read more …

Bitcoin Closed Q4 in Losses; Two Major Catalysts For a Rally in Q1/2020

Bitcoin closed 2019’s final fiscal quarter in losses. The benchmark cryptocurrency is down by circa 21.5 percent on a quarter-to-date basis. The move downhill has extended its half-yearly losses to 33.35 percent. Bitcoin in a deep downtrend since July 2019 | Source: TradingView.com Nevertheless, exponential gains during the first two quarters have kept bitcoin inside positive territory. From January 1 until the time of this writing, the cryptocurrency has gone up by more than 95 percent. The long-term performance is Read more …

Bitcoin Must Gain 13,800% in 2020 to Stop John McAfee Eating His Words

Bitcoin (BTC) traded broadly sideways on the first day of the 2020s as consensus swirled ever stronger around a Q1 breakout.  Cryptocurrency market daily overview. Source: Coin360 BTC in line for uninspiring January Data from Coin360 and Cointelegraph Markets showed Bitcoin making a decisively calm start to its third decade, with volatility staying away from markets into Wednesday. At press time, BTC/USD traded at just under $7,200, cementing a week in a narrow corridor between $7,090 and $7,495. Bitcoin 7-day Read more …

China Takes Another Step Away From USD Hegemony

The China Foreign Exchange Trade System (CFETS) announced that effective January 1, 2020, the system “will adjust weights for CFETS RMB Index,” decreasing the weighting of the USD for the second time in the currency basket’s history from 22.40% to 21.59%, and increasing the Euro from 16.34% to 17.40%. The change could signal further disassociation with USD due to ongoing U.S./China trade difficulties. Also, reports of increased trade with the EU over 2019 and the fact that both China and Read more …

Bitcoin Starts 2020 With Bearish Bias But Downsides Remain Limited

Bitcoin price is slowly declining and recently tested $7,100 against the US Dollar. The price is currently recovering, but likely to face hurdles near $7,280 and $7,320. There was a break above a major bearish trend line with resistance near $7,185 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might slide further towards $7,000 unless there is a break above the $7,320 resistance. Bitcoin price is struggling to hold key supports against the US Read more …

Ethereum (ETH) Price Downside Thrust Possible Before 2020 Reversal

Ethereum is slowly moving lower towards the $125 support area against the US Dollar. The price is likely to extend losses as long as it is below the $132 resistance. There is a key declining channel forming with resistance near $131 on the hourly chart of ETH/USD (data feed via Kraken). ETH could decline in the near term before it starts a strong rally towards $150 and $175. Ethereum price is correcting lower versus the US Dollar, while bitcoin is Read more …

Etoro CEO Yoni Assia on Reaching 12 Million Users and Why Cryptos Are a Gateway to Stocks 

Yoni Assia is the CEO and founder of multi-asset trading platform Etoro. The brokerage firm, which enjoys a high profile within the cryptosphere, enables digital assets such as BTC and BCH to be traded alongside stocks, ETFs, and commodities. Juxtaposed between the traditional and crypto investment realms, Etoro has a unique insight into the health of the industry. In an interview with news.Bitcoin.com, Yoni Assia shared his thoughts on what traders can expect in 2020. Also read: Bitcoin’s Next Decade Read more …

Veriblock Captured Close to 60% of BTC’s OP Return Transactions in 2019

Advertisment During the course of 2019, the most used BTC-based OP_Return protocol, Veriblock, outshined Omni Layer outputs. According to statistics, Veriblock captured 57% of BTC’s OP_Return outputs in 2019. Ever since the protocol’s opcodes started dominating, a number of BTC influencers called the outputs “abuse” and “spam.” Also Read: Central Bank Gold Hoarding Hits 50-Year High Veriblock Captured a Majority of the BTC-Based OP_Return Outputs in 2019 2019 was an interesting year and a slew of blockchains saw a bunch Read more …

Veriblock Captured Close to 60% of BTC’s OP Return Transactions in 2019

During the course of 2019, the most used BTC-based OP_Return protocol, Veriblock, outshined Omni Layer outputs. According to statistics, Veriblock captured 57% of BTC’s OP_Return outputs in 2019. Ever since the protocol’s opcodes started dominating, a number of BTC influencers called the outputs “abuse” and “spam.” Also Read: Central Bank Gold Hoarding Hits 50-Year High Veriblock Captured a Majority of the BTC-Based OP_Return Outputs in 2019 2019 was an interesting year and a slew of blockchains saw a bunch of Read more …

Fractal Signals Bitcoin to Drop to $6,600 in Near-Term; Will the Downtrend End There?

Bitcoin’s recent series of rejection within the mid-to-upper $7,000 region has resulted in BTC’s bears gaining an edge over bulls, as the cryptocurrency is now retreating down to its key $7,000 support level, which appears to be growing increasingly weak. Importantly, one analyst is now noting that Bitcoin could be on the verge of seeing significantly further near-term losses that could send it reeling back towards its multi-month lows, but this drop may be followed by a large upwards movement. Read more …

Worst Bitcoin Price Prediction of 2019

To prophesize is a natural human tendency. Humanity applauds those who make the right prediction and also love to hate on people when they miss the mark, especially by ridiculously large amounts. For many years, the crypto industry has been prone to high fluctuations and volatility. Nobody can actually predict what will unfold in the upcoming seconds, minutes, hours, days, weeks, months… let alone the years.  Once when everyone predicted that Bitcoin (BTC) would die, its price nearly hit $20,000. Read more …