As U.S. stocks tumbled on Monday by the most in six months amid renewed coronavirus fears, bitcoin barely budged – at least in terms of the notoriously volatile cryptocurrency’s trading history. Bitcoin (BTC) was down 4.6 percent as of 6:17 p.m. UTC (1:17 p.m. ET) to $9,517. But a decline of that magnitude represents merely the biggest drop since last week; already this year, bitcoin has suffered six other single-day losses of 3 percent or greater. And due to a Read more …
A recent tweet by Whale Alert announced 31,300,000 XRP tokens had been sent to Bitstamp exchange from an unknown wallet. The wallet in question has sold millions of these tokens in the past, which it received from a known Ripple wallet. Will the Ripple community tolerate the dumping? Despite dissent from the the XRP community, it appears Ripple might be taking advantage of the recent rise in XRP prices and resuming their sales of the international payments token. Ripple community Read more …
Ethereum has been closely tracking Bitcoin and the aggregated market over the past several days, which has led ETH to experience some intense volatility as it ranges between lows of $250 and highs of $285. In spite of Bitcoin’s overt bearishness at the moment, it is important to note that Ethereum has been forming a highly bullish market structure that could lead it significantly higher in the near-term. One top trader is noting that this market structure could lead the Read more …
Advertisment In 2017 and 2018, the cryptocurrency world was convinced that blockchain technology and digital currencies would disrupt just about every industry. Today, Bitcoin’s price sits at less than half of its peak. Many of the ‘disruptors’ have failed or at least struggled to gain traction. While things haven’t happened as fast as many of us expected, that doesn’t mean cryptocurrency and blockchain technology aren’t well-suited to flourish in a variety of industries. In particular, the Esports industry has a Read more …
“I don’t have any bitcoin. I don’t own any cryptocurrency, I never will … You can’t do anything with it except sell it to somebody else.” So claimed Warren Buffet in an interview this week on CNBC. Over the course of the two-minute segment, the billionaire investor tore into bitcoin’s value proposition, and obliquely threw shade on $4.6 million lunch guest Justin Sun. Also read: How to Anonymously Buy Bitcoin Online and in Person Buffet Gives Bitcoin Both Barrels In Read more …
Daily trade volume for Chicago Mercantile Exchange (CME)’s bitcoin (BTC) futures produced a new low for 2020 on Feb. 21, with $118 million worth of contracts changing hands on Friday. The record low came just three days after CME daily volume exceeded $1 billion for just the third time in the market’s history, with CME bitcoin futures producing over 23,000 contracts or $1.1 billion worth of trade on Feb. 18. Daily trade volume for CME bitcoin futures. Source: Skew Despite Read more …
While the Ethereum network is preparing to start shifting to proof-of-stake (PoS) consensus, some mining devices might soon stop supporting ETH mining at all. Bitmain’s Antminer E3, once the “world’s most powerful” hardware for mining Ether (ETH), will allegedly stop Ethereum mining in April 2020, according to a Feb. 24 report by altcoin mining pool 2Miners. Users started reporting a sixfold hashrate drop on Antminer E3 mining rigs on ETC pool last week 2Miners revealed the news after its team Read more …
A new crypto bank tries to address some of the most fundamental issues for institutions that want to get into the space. An incredible amount of work has gone into convincing institutional investors that bitcoin (BTC) and other crypto should be on their radar. Now that many are convinced, however, they face some significant limitations in the infrastructure. A new crypto bank out of Wyoming is designed to address those problems. Founded by Caitlin Long, Avanti is apply for a Read more …
One of the earliest Bitcoin proponents is facing criticism for publicly endorsing an alternative crypto asset. Trace Mayer, who recommended people buy Bitcoin back in 2010, appeared on a recent YouTube interview talking very highly of Mimblewimble Coin. Industry observers have taken issue with the fact that Mimblewimble Coin launched with a 50 percent pre-mine. Many in the crypto industry believe Mayer’s sudden endorsement of the recently-launched project is aimed at his own personal enrichment. Trace Mayer Riles Crypto Industry Read more …
WikiLeaks has accepted more than 4,043 bitcoin in donations on its old address, worth an eye-watering $39 million (at time of writing). Assange’s Arrest in 2019 Accelerated Bitcoin Inflows After the arrest of WikiLeaks founder Julian Assange, Bitcoin (BTC) has consistently flowed into the organization’s donation address. However, the significant sum of more than 4,043 BTC in that wallet has not helped free Assange. Assange now faces extradition to the US, and the generous donations have not managed to help Read more …
The impact of COVID-19, better known as the coronavirus, has finally started to hit financial markets in a big way, but crypto has remained relatively stable for the normally volatile asset class. It’s caused the stock market to tank, but safe-haven assets like gold to surge. But what might this mean for Bitcoin and the rest of the crypto market once volatility resumes? Coronavirus Concerns More Damaging Than Virus Itself COVID-19, or the coronavirus as its widely known, is having Read more …
Advertisment We will be taking into account several market opinions and Stellar Lumens‘ past prices with the intent of projecting an XLM price prediction for March 2020. Stellar Overview Stellar is a blockchain project forked from Ripple in 2015, created mainly for executing fast and near-zero cost transactions between banks, payment systems, and people. XLM is the native coin of the platform, which is currently ranked as 14th according to a market capitalization of $1,407,186,137 with $460,061,019 worth of XLM Read more …