Business

Crypto is More Than Just ‘Protest’ Money

[ad_1] Ethereum co-founder Vitalik Buterin says the current financial crisis is very different to the 2008 Global Financial Crisis that Bitcoin emerged from — and that the crypto community needs to adjust its thinking accordingly. Writing in a Twitter thread on June 2, Buterin said that some of Bitcoin’s most dearly held  narratives had not been borne out this time around. Pandemic and protestsThe Ethereum (ETH) co-founder said 2020 is not a
EXCHANGES

Bitcoin Cash Vietnam-Based Fiat-to-Crypto Trading Support Added to Bvnex Exchange

[ad_1] This week the trading platform Bvnex Exchange announced the support of bitcoin cash on the Vietnam-based fiat-crypto trading platform. The support gives the Vietnamese market and other regions in Asia, the ability to trade bitcoin cash for VNDT- Vietnam dong. On June 2, 2020, the crypto exchange Bvnex listed bitcoin cash on the cryptocurrency trading platform with the VNDT- Vietnam dong. The move brings the peer-to-peer cryptocurrency BCH to
Business

Crisis Will Push BTC to $300K Even Without Institutions

[ad_1] Blockstream's Adam Back says that unlimited money printing will drive retail investors towards Bitcoin and push the price to $300,000 within five years.In an interview with Bloomberg — in which he once again denied he was Bitcoin (BTC) creator Satoshi Nakamoto — Back outlined his thinking behind the sky-high price prediction.The cypherpunk OG — who was cited in the Bitcoin White Paper — added that BTC may not need
EXCHANGES

Despite $1,500 Crash, Charts Show the Bitcoin Uptrend Is Still “Intact”

[ad_1] Just 24 hours ago, Bitcoin surged above $10,000 for the first time in weeks in a move that shocked the market. During the rally, over $100 million worth of short positions were liquidated as the asset jumped nearly $1,000 higher within an hour. But just as fast as BTC has rallied, it has reversed. As reported by Bitcoinist previously, the asset was hit with a barrage of sell orders
Business

Capitulation by Unknown Miner ‘Caused the Dip,’ Says CryptoQuant CEO

[ad_1] According to Ki Young Ju, CEO of CryptoQuant, capitulation by an unknown mining pool was responsible for the latest market dip.The miner who has produced 51 blocks over the past four days may be capitulating, reports Ki Young Ju. The 51 blocks produced by the mining pool came with a reward of 637.5 BTC, 9% of the total over that time period.Unknown Miner: Number & Percent of Blocks Mined.
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These Warning Signs Flashed Prior to Bitcoin’s Capitulatory Decline to $9,000

[ad_1] Bitcoin’s explosive rally past $10,000 yesterday afternoon liquidated tens of millions in short positions The decline from this level seen this morning also led to mass liquidations amongst traders It is imperative to note that virtually all previous breaks above this level have been met with heavy selling pressure that results in capitulatory downtrends One factor that could spell trouble for Bitcoin is the fact that funding rocketed following
BLOCKCHAIN

Blockchain Is Part Of China’s Master Plan for New Competitor Island to Hong Kong

[ad_1] Chinese authorities have released a master plan for turning southern island province Hainan into a free trade port, Xinhua news reports on June 1. A trade port system will focus on facilitating free trade, investment and cross-border capital flows in the whole island.Government institutions reformThe master plan encourages government institutions to use blockchain and other technologies to reform government function. Authorities hope the new modern technologies will help build
Business

Ransomware Group Threatens Auction of Madonna’s Legal Data

[ad_1] The ransomware gang REvil has launched an auction feature on the dark web in the past 24 hours, starting with the stolen data from a Canadian company and threatening to auction off information hacked from famous singer Madonna next. Cointelegraph accessed information from the first auction campaign conducted by REVil, who detailed that the Agromart Group is the “first batch” of data to be put up for auction, which is
Business

Massive Bitcoin Plunge Nothing More Than Traders Being Traders, OKCoin Exec Says

[ad_1] Bitcoin (BTC) dove more than $1,000 on some exchanges on June 2, although the event seems to be the result of simple trading activity, according to OKCoin's head of market development Matthew Ficke. "Price movement like we saw yesterday typically attracts short-term traders trying to position for a larger break higher," Ficke said of the day prior, when Bitcoin surged notably past $10,000. Bitcoin pumped and then dumped Bitcoin's price surged up
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How to Make Money in Crypto When It Falls

[ad_1] For anyone who finds themselves frustrated with the lack of growth in Bitcoin and other coins over the last year, here is a solution for generating income in the crypto market no matter which direction it is going and even if the market is flat or declining. One of the most disappointing elements of trading cryptocurrency over the last year or two is the lack of profitability available with