Performance since February currently circles 0.6% gains, providing proof that Bitcoin really can preserve wealth in a crisis, says Travis Kling. Bitcoin (BTC) has in fact functioned very well as a store of value before the coronavirus crisis, raw data suggests. In a Twitter discussion on May 1, Travis Kling, head of crypto hedge fund […]
Continue ReadingThe yearly average for BTC/USD is circling $9,000 for only the second time in history amid bullish halving sentiment. Bitcoin (BTC) may have reversed all price losses since its crash in March, but another price indicator is about to make a new all-time high. As noted by Yassine Elmandjra, crypto-asset analyst at investment advisor ARK, […]
Continue ReadingWhy is Bitcoin popular among cybercriminals, and what is the future of cryptocurrencies in the darknet? Due to the transition of many people around the world into a “stay at home” mode, where the only viable way of communicating and receiving something is through the global network, some new information regarding darknet activity has begun […]
Continue ReadingBitcoin’s price is surging right before the halving event, but will it last? On-chain data may hold the answer. As the coronavirus pandemic continues to unfold and new signs of lockdowns beginning to be slowly lifted in Europe, all eyes in the crypto community are back on the Bitcoin (BTC) halving. The event is only […]
Continue ReadingPoolin releases figures showing current hashrate distribution in the lower quartile to calculate miner capitulation after the halving of Bitcoin’s block subsidy. The market for selling hash rate in exchange for Bitcoin (BTC) has undergone staggering growth in the epoch since the last halving. There is almost 100 times the level of competition today as […]
Continue ReadingMost major cryptocurrencies are facing resistance at higher levels, meaning a few days of consolidation could be needed before the rally can resume. The total crypto market capitalization has jumped from about $198 billion on April 22 to over $263 billion on April 30. This 32% rally in roughly eight days shows that investor sentiment […]
Continue ReadingBloomberg analyst concurs optimistic on-chain indicators. Data from the blockchain intelligence company, Glassnode, suggests that Bitcoin (BTC) has entered the “Optimism” phase amongst traders. The metric subtracts the net unrealized loss from the net unrealized profit of all circulating Bitcoin supply to gauge market sentiment. This indicator tends to increase during bull markets and the […]
Continue ReadingBTC gets propelled over the $9,000 mark but fails to immediately cement the level as support in volatile Friday trading. Bitcoin (BTC) was back on May 1 as the largest cryptocurrency regained $9,000 after climbing 7% in less than 24 hours. Cryptocurrency market daily overview. Source: Coin360 BTC price shoots for fresh $9K support Data […]
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Cryptocurrency lending and borrowing platform Celsius Network has topped 50,000 Bitcoin in deposits — worth over $380,000,000 — since its launch back in August 2018. Cryptocurrency lending and borrowing platform Celsius Network has topped 50,000 Bitcoin (BTC) in deposits — worth over $380,000,000 — since its launch back in August 2018. With over 100,000 active […]
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Professor of Criminology Roderic Broadhurst found that some darknet market operators may have scruples after all. Almost half of the darknet sites surveyed by the Australian National University do not offer COVID-19 ‘treatments’ or protective equipment. Researchers found that eight out of 20 markets do not sell any items related to coronavirus with another nine […]
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