From dwindling numbers of Twitter users in Q1 to large-scale liquidations in 2019, reduced engagement has affected the price of XRP. According to a quarterly report, online engagement towards XRP on Twitter fell in Q1 2020, while Ripple was forced to liquidate many of its holdings to stay cash flow positive. The report, by social […]
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Bitcoin price remains range-bound as the upcoming halving is being overshadowed by the coronavirus pandemic and global economic fallout. The cryptocurrency and equity markets have seen a relatively stable week, as the volatility and volume drained away from both markets. Bitcoin (BTC) has been moving between $6,600 and $7,300 and hasn’t been showing direction. On […]
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PlusToken is not behind the recent Bitcoin price crash, but as scam activity peaks amid the pandemic they may still affect the market. Bolstered by the new coronavirus pandemic, scams continue to be rampant in the cryptocurrency world. From malware to fake investment programs and even fake donations to health organizations, scammers are known for […]
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The premium on Grayscale Bitcoin Trust shares has dropped despite the recent recovery in the Bitcoin price. Is this a bearish sign? Grayscale’s Bitcoin Trust shares (GBTC) are currently trading at $7.49 per share, a 15.81% premium of Bitcoin. GBTC is the first publicly quoted security “solely invested in and deriving value from” Bitcoin and […]
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Bitcoin has been stuck in the same range for two weeks. When BTC remains stagnant for a long time, it tends to see significant volatility in the near-term. For 15 days, the Bitcoin price has been stuck in the same range, consolidating at the same support level at $6,700. Although BTC surged to as high […]
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The former CEO of Intercontinental Exchange subsidiary Bakkt, now a Republican senator for Georgia, has been rewarded with a new appointment despite recent controversies. The former CEO of Intercontinental Exchange subsidiary Bakkt and a current Republican senator for Georgia, Kelly Loeffler, has been rewarded with a new appointment despite recent controversies. In a tweet published […]
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Regulators will need an action plan the next time a macroeconomic crisis hits crypto markets and the pandemic has sparked unexpected and revealing patterns among traders. The COVID-19 pandemic has sparked unexpected and revealing patterns among cryptocurrency traders, according to new research. In their paper entitled “How Crisis affects Crypto: Coronavirus as a Test Case,” […]
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Riot Blockchain is relocating a portion of its operations to a facility operated by Coinmint in New York despite it comprising the epicenter of the U.S. COVID-19 pandemic. Bitcoin (BTC) mining firm Riot Blockchain has entered into a deal to relocate a portion of its mining operations to a facility in New York operated by […]
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Demand for USDC and PAX has grown but USDT still leads among stablecoins, fiat and cryptos when it comes to volume into Bitcoin. While Tether (USDT) is currently the most popular stablecoin by far when it comes to trading volume and market capitalization, the latest Exchange Review from CryptoCompare shows that other stablecoin projects such […]
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Speaking at BlockDown 2020, Binance’s CEO predicted that the effects of quantitative easing will trickle into crypto over the coming months. Speaking at the BlockDown 2020 conference, the chief executive and founder of leading cryptocurrency exchange Binance, Changpeng Zhao (CZ), shared his outlook for crypto assets amid the current global climate of economic uncertainty. BlockDown […]
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