Bitcoin’s new monthly candle has been met with a fierce sell-off. Traders explain bearish and bullish scenarios for BTC. On Sept. 1, a new Bitcoin monthly candle opened with significant optimism. The August monthly candle closed above $11,500 for the first time since the all-time high in 2017. But in the short term, traders are […]
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Turkish Lira-backed stablecoin BiLira is now open for trading on Bittrex Globalcryptocurrency exchange. Users can now use their ERC-20 BiLira tokens to buy Bitcoin (BTC) and Ethereum (ETH) on Bittrex Global. The announcement states that there are currently 20 million BiLira tokens in supply. TRYB tokens are minted at the time of deposit, and an […]
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As the Ryuk ransomware continues to wreak havoc, tracking ransomware payments has become critical in stopping criminals from cashing out. There is still an element of the crypto “Wild West” in 2020, as cryptocurrency stolen through hacks and ransomware attacks is still being cashed out on major exchanges around the world. Ransomware attacks have proved […]
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The digital Swiss franc issuer is now licensed as a “digital asset trading facility.” Sygnum, a major cryptocurrency bank in Switzerland, is preparing to finally introduce digital asset trading after receiving regulatory approval. On Sept. 1, Sygnum announced that it received regulatory approval from the Financial Market Supervisory Authority (FINMA), allowing the company to expand […]
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Performance remains on track, the stock-to-flow model shows, as creator PlanB tells investors, “patience is a virtue.” Bitcoin (BTC) is charting its way directly between the previous two block subsidy halvings that sent its price an order of magnitude higher. In a tweet on Sept. 2, PlanB, creator of the stock-to-flow (S2F) BTC price models, […]
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An uptick in the USD currency index produces an instant plunge for BTC/USD, with the largest cryptocurrency sinking 5% on the day. Bitcoin (BTC) fell 5% to retest $11,000 on Sept. 2 as fresh strength in the U.S. dollar currency index appeared to spell trouble. Cryptocurrency market daily snapshot, Sept. 2. Source: Coin360 BTC/USD sees […]
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This book takes an in depth look at some of the biggest financial bubbles in history: their causes, their commonalities, their effects, even their occasional benefits. But is it an essential read for the cryptocurrency fan? Bitcoin has long had to deal with accusations of bubbledom being levelled at it, although it can hardly protest. […]
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A Kazakh minister claimed that there are already preliminary agreements on attracting more than $700 investment for cryptocurrency mining. According to the Digital Development Minister of Kazakhstan, Bagdat Mussin, the country is in negotiations regarding investments in its cryptocurrency mining sector amounting to 300 billion tenges ($714 million). Earlier in June, another Kazakh minister, while […]
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Rampant inflation of the dollar’s M2 money supply is only enriching the “cantillionaires,” Max Keiser argues as its velocity hits record lows. There are more United States dollars than ever, but the rate at which they move around the economy has never been so low. That was according to the Federal Reserve’s own statistics on […]
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Crypto exchange CoinDCX announces two new professional training courses for cryptocurrency traders and experts. Despite concerns about possible anti-crypto legislation in the near future, Indian crypto firms are rolling out educational programs and professional training for the crypto-curious. Cryptocurrency exchange CoinDCX announced on Sept. 2 that it will be integrating into an online training and […]
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