A Duke University professor believes crypto has not acted as safe haven amid the challenges to the global economy. Cryptocurrencies have not been used as a safe haven amid challenges the global economy has faced at the beginning of the year, one expert says. The world has already seen a slew of market-shaking events this […]
Continue Reading
After launching Nigerian Naira deposits in October 2019, Binance adds support of NGN as its first African currency for P2P trading. As part of ongoing fiat-to-crypto expansion, major cryptocurrency Binance is adding support for the Nigerian Naira (NGN) on its peer-to-peer (P2P) platform. Binance P2P, a consumer-to-consumer business arm of Binance exchange, is rolling out […]
Continue Reading
Over 15% of existing Bitcoins have not moved in 12 to 18 months, showing that the whales who accumulated during the 2018 bear trend are hodling. More than 15% of the existing Bitcoin (BTC) supply has not moved in 12 to 18 months. This confirms that the second half of 2018 was an accumulation season, […]
Continue Reading
Several cryptocurrencies are stuck in a range but if bulls can break above the range several buying opportunities will be open for traders. Grayscale Investments managing director Michael Sonnenschein said that “Bitcoin itself has solidified its role as a store of value or as a digital gold.” In his conversations with institutional investors, Sonnenschein explained […]
Continue Reading
Bitmain cofounder-backed crypto firm Matrixport has announced a new funding round aiming to raise as much as $140 million. Bitmain cofounder-backed crypto trading platform Matrixport has announced a new funding round aiming to raise as much as $140 million at a post-investment valuation of $300 million. Singapore-based Matrixport revealed its fundraising plans to investors in […]
Continue Reading
A theory has emerged that miners tend to sell before the halving to accumulate enough Bitcoin to finance their operations. The price of Bitcoin (BTC) has dropped right before and after the two previous block-reward halving events in 2012 and 2016. BTC is demonstrating a similar trend approaching the May 2020 halving. A theory has […]
Continue Reading
The newest financial tech can be backed by one of the most ancient and important precious metals. Is it a step forward or a step back? Gold has been regarded as an eternal value since times immemorial. This shiny metal still acts as a store of value — especially in countries like India. Due to […]
Continue Reading
Digital payment platform Uphold has launched a debit card that lets users spend converted digital assets, cash and commodities. Digital payment platform Uphold has released a new debit card, allowing users to pay with converted crypto, commodities and cash. Uphold’s new multi-asset debit card allows United States-based participants to spend assets held in their Uphold […]
Continue Reading
Analysts from Marcus Aurelius Value published a detailed report throwing shade on some of Canaan’s business practices, alleging that its business model is invalid. A report by Marcus Aurelius Value, an analysis organization, argues that the Nasdaq-listed ASIC manufacturer Canaan (NASDAQ: CAN) misrepresented its potential revenue for 2020. At least one of its clients is […]
Continue Reading
Speaking during an appearance on the Keiser Report, the renowned statistician delivered a fresh bullish forecast for Bitcoin price. Bitcoin (BTC) is heading to at least $100,000 during the bull cycle which has already begun, one of the industry’s best-known analysts has confirmed. Speaking to RT financial news show the Keiser Report on March 3, […]
Continue Reading