BitMEX exchange saw a YTD record as a huge number of Bitcoin was liquidated for $150 million. Today the cryptocurrency market saw a huge drop in the price of Bitcoin (BTC). According to the data analytics provider Skew on Feb. 26, over $150 million worth of Bitcoin was liquidated on the trading exchange BitMEX, the […]
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Virgin Galactic’s chief executive believes that every person should invest 1% of their net wealth in Bitcoin as crisis insurance. Chamath Palihapitiya, the billionaire chairman of spaceflight company Virgin Galactic, has recommended that everyone hold Bitcoin (BTC) as a form of crisis insurance. Speaking on CNBC’s Squawk Box, Palihapitiya said he believes that “everybody should […]
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Top Irananian General Saeed Muhammad has called for his country to bypass US sanctions using cryptocurrency. This week an Iranian general called for a unique way to bypass the sanctions on his country enforced by the United States. Saeed Muhammad, commander of the Islamic Revolutionary Guard Corps, called for Iran to use cryptocurrencies to evade […]
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Coronavirus continues to spread panic throughout traditional markets and Bitcoin price is down 10% since the start of the week. The sharp correction that has rocked the crypto market since Feb. 23 continued through Feb. 27 as Bitcoin (BTC) price dropped nearly 8% to a daily low at $8,531. Markets pricing in Coronavirus impact At […]
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Square’s Cash App derived half of its fourth-quarter 2019 revenue from Bitcoin (BTC) services. Square’s Cash App derived half of its fourth-quarter revenue from Bitcoin (BTC) services. According to a shareholder letter published on Feb. 28, Bitcoin revenue amounted to $178 million during the fourth quarter of 2019, while combined non-Bitcoin revenue totaled $183 million. […]
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Wilshire Phoenix’s Bitcoin ETF has been officially rejected by the SEC because the Bitcoin market is still too heavily manipulated. The US Securities and Exchange Commision has rejected New York based firm Wilshire Phoenix’s Bitcoin Exchange Traded Fund (ETF) application, citing ongoing concerns over market manipulation and a lack of surveillance-sharing agreements. Commissioner Hester ‘Crypto […]
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In implementing new Anti-Money Laundering policies, many countries automatically treat crypto transactions as high-risk. Recently, financial regulators around the world have been growing concerned about the role of cryptocurrency in money laundering and financing of various illicit activities. The first two months of 2020 saw many governments acting on these concerns and introducing a variety […]
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Investors may interpret the current correction in cryptocurrencies as a long overdue pullback and purchasing opportunity. The equity markets sold off sharply on Feb. 24 and 25. Even gold, a traditional safe-haven has stalled its rally. On similar lines, cryptocurrencies are also witnessing a period of correction. The total crypto market capitalization has dropped from […]
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Binance CEO Changpeng Zhao has overtaken Bitmain’s ousted co-founder Micree Zhan Ketuan in the latest Hurun Global Rich List. While China now has more billionaires than the United States and India combined, Binance CEO might have more money than any crypto person, a new report says. Binance CEO Changpeng Zhao has overtaken a co-founder of […]
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$9,000 may give way to fresh losses but it is the 200-day moving average that must be preserved to stay overall bullish, say Cointelegraph Markets analysts. Bitcoin (BTC) struggled to maintain $9,000 support on Feb. 26 as analysts sought confirmation that more significant levels would remain intact. Cryptocurrency market daily overview. Source: Coin360 BTC crisscrosses […]
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