BTC/USD shows signs of life as previously bullish technical fundamentals take a battering from last week’s losses. Bitcoin (BTC) is set for a rare difficulty reduction in the coming days as continued price weakness tests its technical fundamentals. Data from monitoring resource Crypto This’ difficulty estimator showed that at present, next Wednesday will see difficulty […]
Continue ReadingAs the Coronavirus outbreak rages in the U.S., the government passed relief measures that delay the payment of taxes to July, which also affects crypto investors. The United States Internal Revenue Service (IRS) will defer tax payments below $1 million from April 15 to July 15. Crypto traders can also take advantage of the measure […]
Continue ReadingBitcoin begins to offset the cautious mood on traditional markets in the wake of a €750 billion pledge from the European Central Bank. Bitcoin (BTC) made unexpected gains on March 19 as another day of coronavirus misery suddenly turned positive for investors. Cryptocurrency market daily overview. Source: Coin360 BTC price reaches six-day high Data from […]
Continue ReadingThe indefinite suspension of Venezuela’s national banking system is driving further adoption of cryptocurrencies. Peer-to-peer Bitcoin (BTC) trading has surged in Venezuela after shutting banks amid a nationwide quarantine to fight the spread of coronavirus. On March 17, Venezuelan President Nicolas Maduro brought a country-wide quarantine to slow the spread of COVID-19. With only 33 […]
Continue ReadingSparkswap, a decentralized exchange backed by Pantera, Polychain, and Initialized Capital, has shut its doors after more than two years of operations. Sparkswap, a decentralized exchange backed by Pantera Capital, announced it is shutting down on March 17. The exchange cited a weak user base as the catalyst for its decision to cease operations. The […]
Continue ReadingFor a change, Bitcoin price held steady at $5.3K as equities markets dropped to 2017 levels over continued fears of the Coronavirus and its economic impact. Yesterday was another abysmal day for the S&P 500 and Dow as both markets dropped 5.18% and 6.30%, nearly erasing the entirety of the gains each market accrued since […]
Continue ReadingThe blockchain and crypto analytics firm helps the average trader understand what exactly happened for the price of BTC to fall to $3,600. Chainalysis posted their report for the BTC market for March 2020. According to the blockchain and crypto analytics firm, exchanges have experienced a huge inflow of BTC since March 9, receiving nearly […]
Continue ReadingA proposal to give every adult in America $2000 a month during the COVID-19 crisis could cause massive inflation and strengthen the case for Bitcoin. Democrat congresswoman Maxine Waters has proposed giving $2000 a month to every adult, and $1000 a month to every child in America, to help see them through the COVID-19 financial […]
Continue ReadingHuobi DM announced a new partial liquidation feature on its exchange, aimed at decreasing customers’ risk. Huobi’s derivatives trading platform, Huobi DM, has announced a new ‘partial liquidation’ feature that aims to limit trading losses. Sudden market swings can immediately liquidate highly leveraged positions and cause extensive user losses, as seen during the last week’s […]
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Binance has rolled out peer-to-peer crypto trading with five new Latin American fiat currencies. Cryptocurrency exchange Binance has rolled out peer-to-peer (P2P) crypto trading with five new Latin American fiat currencies. Users of the Binance P2P trading platform can now buy and sell cryptocurrency directly with Brazilian real (BRL), Argentine peso (ARS), Colombian peso (COP), […]
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