Bitcoin remains strong despite worrying signs from stock markets, leading to suggestions that its safe-haven status may soon return. Bitcoin (BTC) may have begun a “decoupling” from traditional markets to focus on price gains, but this week will be crucial, says Willy Woo. In a series of tweets on March 23, the respected statistician said […]
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Just as Bitcoin’s creation is bound up with 2008 and the Great Recession, Galaxy Digital founder Mike Novogratz sees this year as make-or-break for the cryptocurrency. With vast swaths of the world markets in virtual lockdown amid the coronavirus pandemic, some predict that the shocks rippling through the global economy in early 2020 may yet […]
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Bitcoin price is holding the $5,800-$5,900 support but plunging Dow and S&P 500 futures could lead Bitcoin price to revisit prices below $4,000. After failing to gain above the $6,400 resistance on March 22, Bitcoin (BTC) bulls spent the remainder of the day struggling to bring the digital asset back above $6,000. At the time […]
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Bitcoin’s recent 50% drop and the issues traders experienced at BitMEX have led to a discussion on whether shorting should be banned by crypto exchanges. Bitcoin’s (BTC) rapid 50% price drop in the wake of coronavirus concerns aroused chatter around banning the ability for traders to assume short positions in cryptocurrency markets. Question is, would […]
Continue ReadingSystemic weakness and a lack of will to change any of its aspects are what led to traditional finance temporarily crashing Bitcoin, argues CZ. The coronavirus pandemic was just the spark that ignited the current global economic meltdown, not its cause, the CEO of Binance says. In a blog post on March 20, Changpeng Zhao, […]
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Cryptocurrency-collateralized synthetic currency models can have enormous implications in the traditional finance industry. Why are crypto synthetic assets a big deal? Cryptocurrency-collateralized synthetic currency models powered by smart contracts can have enormous implications in the traditional finance industry. In their essence, these models offer cryptocurrency holders the leverage to trade traditional assets as well as […]
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Experts believe that BitMEX’s lack of transparency during the recent outage caused investors to lose some confidence in the exchange. On March 13, trading giant BitMEX was thrust into the middle of a controversy that saw the premier exchange face an operational outage that lasted for about 25 minutes. During the downtime, rumors spread throughout […]
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Major digital asset platform Bakkt has completed a new $300 million funding round, its second funding round after securing $182 million in late 2018. While cryptocurrency markets are experiencing another crash this Monday, major digital asset platform Bakkt has some good news. Referred to as one of the most promising crypto-related initiatives for its physically […]
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Bitcoin price rallied to $5,9540 as the U.S. Federal Reserve cut interest rates to 0% and unveiled a massive stimulus package involving $700 billion in QE. In the past hour Bitcoin (BTC) price perked up and rallied 14.33% to a daily high at $5,940. The strong upside move allowed the price to break out of […]
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The need for reducing carbon emissions is increasing. How can blockchain help in the quest to eliminate carbon emissions? Climate change has created a rapidly growing global market for a digital eco-commodity called carbon credits. Current estimates value these carbon markets at over $100 billion annually. A carbon credit represents one metric ton of CO2 […]
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