The launch date of China’s long-awaited digital yuan remains a secret, creating space for potential fraud. With the official release date of digital yuan being kept in the dark, third-party actors have stepped in to impersonate the digital yuan officials, hoping to attract gullible investors. A recent press statement issued by a company called Yuan […]
Continue ReadingBitcoin and gold are “too speculative” and it’s better for investors to trust the government to pay them back, claims Peter Mallouk. Bitcoin (BTC) is not what young investors should buy after the coronavirus crash, says the man who once said that the biggest cryptocurrency faces an “inevitable death spiral.” Speaking to CNBC on May […]
Continue ReadingBitcoin may provide some of the best solutions to drive a new economy in the post-COVID-19 world. Aren’t we all searching for a safe haven? Whether we mean literal shelter — four walls and a roof over our heads — or something more sophisticated, the craving for a dependable defense against random chaos has always […]
Continue ReadingExchange reserves hit an 18-month bottom while miners keep selling despite lower revenues after the halving. Bitcoin (BTC) is failing to retake $10,000 due to a fresh wave of miner selling, fresh data suggests ten days after the halving. Compiled by monitoring resource CryptoQuant, the figures show that over the past five days, combined outflows […]
Continue ReadingThe drop-off in Bitcoin mining revenue to 2019 levels show a macro bottom for BTC is near as the impact of the halving is starting to be felt. The revenue of Bitcoin (BTC) miners dropped to early 2019 levels for the second time in 2020. Every time it declined to a multi-year low, it marked […]
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Santiment has spotted bullish divergence between the price action and daily average users for MakerDAO’s token. Crypto market data analysis firm Santiment has published data suggesting bullish activity surrounding MKR — the token underpinning decentralized finance (DeFi) project MakerDAO. On May 20, Santiment published data indicating bullish divergence between the number of daily active MKR […]
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Bitcoin volatility and volumes are cooling off post-halving while a break in either direction could open the door to new market cycles. The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, has been hovering below the psychological barrier of $10,000. The halving didn’t give the market what they expected as the majority was […]
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Ethereum is posting higher lows against its Bitcoin pair in recent weeks and this is a bullish sign for a possible breakout for ETH price. While the focus has been on Bitcoin (BTC) price recently, it is slowly shifting towards different projects. There’s a straightforward reason for that: the halving has passed by, so the […]
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As the Federal Reserve admits to “flooding” the market with cash, Bitcoin consolidates its post-halving position at $9,500. Bitcoin (BTC) is starting the second week of its fourth halving cycle clinging to $9,500, but what factors are weighing on the largest cryptocurrency this week? Fundamentals adapt to halving The start of a new week has […]
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BitMEX and its executives have been accused of engaging in or abetting crimes that include racketeering, money laundering, wire fraud and unlicensed money transmission. BitMEX, one of the world’s largest crypto derivatives exchanges, has been accused in court of being “deliberately designed, from the ground up” to facilitate “a myriad of illegal activities.” The allegations […]
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