Business

Weaker Yuan Could Lead to a Stronger Bitcoin

[ad_1] Japanese crypto firm FXCoin’s senior strategist thinks a depreciation of the Chinese yuan may lead more traders to Bitcoin in 2020. FXCoin’s Yasuo Matsuda spoke to Cointelegraph Japan, saying Bitcoin (BTC) would likely be more popular among Chinese nationals facing economic sanctions due to national security laws as part of the government’s response to the COVID-19 pandemic. The strategist said people in China would be “frustrated with the recession of the
Business

Crypto Analyst Releases Stock-to-Flow Model Indicator for BTC Bull Run

[ad_1] Crypto analyst PlanB released a key indicator for its stock-to-flow price prediction model which could signal a Bitcoin bull run to $100,000 by 2021 has just begun.PlanB confirmed on Twitter on May 31 that the red dot — indicating a price increase — was now present in its stock-to-flow (S2F) model, a price prediction model for Bitcoin (BTC).#Bitcoin S2F chart update .. RED DOT RELEASED!!! pic.twitter.com/iNTjbf9b9K— PlanB (@100trillionUSD) May
EXCHANGES

Bitcoin Closes May Candle Above Crucial Resistance, and That’s Big for the Bull Case

[ad_1] Just over an hour ago as of this article’s writing, Bitcoin closed the price candle for the month of May. This was a very important technical event for the cryptocurrency, analysts have said. And fortunately for bulls, BTC closed above a crucial region of resistance that would have otherwise restricted the asset’s potential upside. Bitcoin Closes Above $9,360, a Key Level Prior to the monthly close, there were analysts
EXCHANGES

UK Government Seizes $185 Million From Dormant Bank Accounts for Crisis Relief

[ad_1] The UK government is seizing funds in dormant bank accounts worth approximately $185 million to fund its coronavirus relief efforts. So far, 30 banks have been voluntarily transferring money from dormant accounts to the government, including HSBC, Barclays, Clydesdale, Credit Agricole, Danske, Santander, Lloyds, and Bank of Scotland. The government has also proposed adding other types of assets that can be seized, such as insurance policies and share proceeds.
EXCHANGES

Max Keiser: There Isn’t Anything Crypto Altcoins Do That Bitcoin Won’t Do

[ad_1] Ever since the peak of the 2018 crypto bull market, Bitcoin has been front and center for most investors. Bitcoin dominance — the percentage of the cryptocurrency market made up of BTC — has doubled from the 33% lows, while a number of altcoin projects have died out due to funding issues and a lack of public interest. Even still, there remain thousands of projects cumulatively worth dozens of
ALTCOIN

May

[ad_1] The Bitcoin halving came and went… life went on. Telegram’s involvement in the TON project was terminated… life went on. And then 2020 REALLY got going. Life is currently trying hard. [ad_2] [crypto-donation-box type="tabular"] Source link
Business

Goldman Scandal, BTC Bull Trap Fears, How Libra Will Make Money: Hodler’s Digest, May 25–31

[ad_1] Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekGoldman Sachs butts heads with Bloomberg over BitcoinOne of the world’s biggest investment banks caused a stink this week when it declared cryptocurrencies are not an
Business

Trading Bitcoin Vs. BTC Futures — Which Is Best for You?

[ad_1] There’s an increasing number of exchanges offering futures contracts trading. So far there’s Binance, FTX, Bitfinex, Bybit, and Kraken, to name just a few. Volumes are also picking up across the board and it appears that retail traders are growing more interested in experimenting with these complex instruments. As recently reported by Cointelegraph, there are multiple benefits to using futures trading. Traders using them can hedge and maintain peace of
EXCHANGES

Bitcoin Could Surge Past $10,000 as Ethereum “Hammers” Higher: Top Analyst

[ad_1] Bitcoin and the rest of the crypto market have performed extremely well over the past few days, bouncing 10% from last weekend’s correction lows. Though one cryptocurrency has been dramatically outperforming all the rest: Ethereum. The second-largest cryptocurrency and foremost altcoin was up 10% on Saturday, surging higher on the back of an influx of buying pressure. It was a move that allowed Ethereum to break past a crucial
BLOCKCHAIN

Regulator and Industry Coordination Key to Swift Implementation

[ad_1] “Coming together is a beginning, staying together is progress, and working together is success” — the words of Henry Ford give expression to the spirit of collaboration that defines human progress. His ethos around unity extends to many societal strands, including endeavors of profit, community initiatives and far-reaching government policies. When navigating uncharted territory, such as the handling of technological innovation from a regulatory perspective, different stakeholder groups must