EXCHANGES

Bitcoin Surpasses $7.5K As Longterm Investors Buy $500 Million Bitcoin Daily

[ad_1] Bitcoin has surpassed the $7,500 psychological level as on-chain analysis shows that retail bitcoin investors are buying huge sums of bitcoin daily. The famous “Black Thursday” event that happened on March 12, 2020, saw bitcoin lose so much value in the space of hours. Bitcoin dropped from a little over $8,000 to $3,800 on Black Thursday. Since then, bitcoin has barely returned to similar levels of value and has
Business

‘Halving’ Mentions Spike on Twitter and in Crypto Media

[ad_1] With less than three weeks until the halving, the subject has overtaken the coronavirus as a leading Bitcoin narrative on Twitter — and it’s once again starting to dominate media coverage.On April 23, crypto social sentiment analysis firm TheTIE published data to Twitter showing that discussion concerning the ‘halving’ ranked as the ninth-most discussed topic related to Bitcoin (BTC) on Twitter, with 650 tweets on the topic. Bitcoin discussions
Business

There Goes Bitcoin Narrative #697

[ad_1] Many Bitcoiners believe that 'unlimited money printing' will cause hyperinflation and a major BTC price spike this year — but experts in the U.S. and Australia predict deflation is more likely to be on the cards.The Reserve Bank of Australia, ING Bank, The New York Times and UBS are just a handful of organisations who think deflation could be a consequence of falling oil prices and a glut of
Business

Vitalik Buterin Trolls Craig Wright over Patent Trolling

[ad_1] Ethereum founder Vitalik Buterin has taken a veiled swipe at Satoshi claimant Craig Wright over his blockchain patent portfolio, resulting in a heated debate on Twitter.Buterin said that anyone who brags over blockchain patents does not understand blockchain:Tweet: If you're bragging about how many "blockchain patents" your country/company/organization has, you don't understand blockchains.— vitalik.eth (@VitalikButerin) April 23, 2020Wright (nChain’s chief scientist) claims nChain has filed more than 800 applications for
EXCHANGES

Bitcoin Forms Super Predictive Golden Cross as Price Hits $7.5K

[ad_1] Bitcoin closed above $7-400-7,500 resistance Thursday, confirming its likelihood to extend its bull run towards $8,000. The formation of a super predictive Golden Cross pattern hints a price rally to the upside is imminent. The only nag is a Rising Wedge pattern that could lead its price below $5,500. At last, bitcoin was able to break above the price ceiling that was keeping it from pursuing a more significant
Business

Bitcoin-Backed ‘Cryptodollar’ to Combat Hyperinflation in Venezuela

[ad_1] Colombian-based cross-border remittance start-up Valiu has launched Bitcoin-backed synthetic U.S. dollars as a means for Venezuelans to access stable assets and bypass the hyperinflation plaguing their national economy.It’s still in Alpha, but Valiu has partnered with Latin America food delivery app Rappi, which could offer a large user base to help with adoption when it’s rolled out in full later this year. Synthetic USDOn April 23, Valiu chief executive Simon
Business

Huobi Token Approved in Japan As Regulators Improve Protections

[ad_1] Huobi Token has become the first international exchange token approved by Japanese regulators, after the Financial Services Agency (FSA) approved HT as a compliant crypto asset able to trade in the world's second largest digital asset market from May.Only 25 other tokens have been approved on the FSA’s whitelist at this point as Japan tightens up regulations to better define crypto assets.Last year, the Japanese House of Representatives revised
Business

Community Fraud Site Tracks 8.5M XRP Lost to Giveaway Scams

[ad_1] The Ripple Army has sent more than 8.5 million XRP to known fake airdrops and YouTube giveaway scams in the past year, according to a new community site set up to combat fraud on the blockchain.XRP data aggregator xrplorer, which is still in beta, posted the data to Twitter on April 23, said that XRP holders had withdrawn six million tokens in 2019 and sent them to addresses associated
BUY/SELL

BTC Pre-Halving Pump in Play as Bitcoin Price Surges Toward $8,000

[ad_1] After trading in the $6,900 to $7,250 range for more than 19 days, Bitcoin (BTC) price finally managed to pierce the $7,250 resistance in a high volume surge which resulted in the liquidation of nearly $70 million worth of shorts at BitMEX. BitMEX XBTUSD Liquidations. Source: Skew.comThe strong upside move allowed the digital asset to secure a higher high at $7,738, a price not seen since before March 13 when
EXCHANGES

This Stunning Headline Proves Why Crypto May Perform Well in 2020

[ad_1] Crypto’s fundamental value has long been questioned by its cynics. They cite Bitcoin’s “slow” transaction speeds, the Ethereum DAO hack, and other “shortcomings” in the industry as reasons to claim that this asset class has no future. But, the macroeconomic landscape is developing to a point where crypto, especially Bitcoin, is making so much sense in today’s tumultuous world. Bank of Japan Signals Interest in “Unlimited” QE Despite the