The Colibra app is providing a means for air travelers delayed for any reason to receive compensation in crypto. With the global air industry in turmoil due to pandemic-induced flight delays and cancellations, a startup in Bulgaria is providing the option for travellers to receive compensation in Bitcoin. Compensation via the Colibra app is available […]
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Bitcoin bulls are attempting to flip the $12,000-$12,200 range to support in order to kickstart a rally to $12,900. Despite today’s 4.4% Bitcoin price correction to retest underlying support, bulls are attempting a daily close above $12,000. The S&P 500 reached a new all-time intraday high, confirming the start of a new bull market according […]
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Recent advertising campaigns by cryptocurrency fund management firms are well timed as investors look for safe havens from inflation. Amid turbulent times for the world at large, the cryptocurrency space seems to be cruising on its own steam in 2020. The coronavirus pandemic has put a major strain on economies around the world, and countries […]
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Gold–BTC correlation drops 20% one week after hitting all-time high of 68%, correlation metrics are often misleading for investors. The Bitcoin (BTC) and gold one-month correlation reached a record high of 68% as Bitcoin hit $12,000 early in August, but the correlation crashed by 20% the following week. Despite this, Bitcoin looks set to become […]
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The changing distribution of open interest is “wildly bullish,” one crypto fund manager says as John Bollinger says the price rally is “picture perfect.” Bitcoin (BTC) will “explode” in price once it hits $13,000, one trader believes as Bitcoin futures trade at 6% above spot price. In a tweet on Aug. 18, the derivatives trader […]
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Despite the interest currently surrounding the digital yuan, some are not yet sure of the project’s overall scope and mainstream viability. With the coronavirus pandemic continuing to wreak economic havoc all over the world, China’s commitment to releasing its much-hyped digital yuan project — referred to as the Digital Currency Electronic Payment, or DCEP — […]
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Morgan Creek Digital’s co-founder believes that while Buffett himself is unlikely to buy Bitcoin, younger people working at his investment firm will. Co-founder and partner at hedge fund Morgan Creek Digital, Jason Williams, predicted that famous investor and business tycoon Warren Buffett will buy Bitcoin (BTC). In a tweet sent on Aug. 15, Williams pointed […]
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Bitcoin’s network fundamentals are as bullish as ever, but $12,000 may spark a retest of lower price levels, an analyst warns. Bitcoin (BTC) starts a new week at the upper end of its new price range near $12,000 — will the market finally crack it this week? Cointelegraph takes a look at five things to […]
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Asian countries have found ways to use blockchain amid the pandemic. The Corona pandemic prompted many Asian countries to adopt blockchain technology to secure their data via the Internet against hackers and cyber thieves, according to a report from the Nikkei Asian Review. This increase in adoption comes as The Business Research Company said the […]
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A community governed DeFi project sets a new standard for crowdfunding. Mantra Dao, a community-governed Decentralized Finance (DeFi) platform with a focus on staking, lending, and governance, has announced it has finished its initial membership offering on August 16. In total, the project has raised $5.9 million. To make the crowdfunding more decentralized and prevent […]
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