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Bitcoin Plummets To $11,600 As Bull
Bitcoin and the aggregated crypto markets incurred a significant influx of buying pressure earlier this morning that ultimately resulted in yet another swift rejection that sent the markets reeling lower. This rejection and the subsequent drop have weakened the bullish scenario that many analysts believed BTC was facing, and some analysts are now noting that… Read more
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Ethereum Falls to Below 8% of Entire
The market capitalisation of the Ethereum network has fallen below the levels observed prior to its epic price run up in 2017. The total value of all Ether (ETH) tokens in existence now accounts for just less than eight percent of the entire cryptocurrency market. At the height of Ethereum hype, the smart contract platform… Read more
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Despite Bitcoin “Gold 2.0” Narrative, Long-Term Correlation With Gold
The traditional equities markets have been caught in a tailspin over the past couple of days due to increasing tensions between the U.S. and China that have escalated the trade war into a full-fledged currency war. At the same time, Bitcoin (BTC) has been incurring decent upwards momentum, which has strengthened the “digital Gold” narrative.… Read more
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Once Bitcoin Price Closes Month Above $14,000, BTC May “Never Look Back”
After entering a month-long lull, the Bitcoin (BTC) price has begun surging yet again. As of the time of writing this, the cryptocurrency is trading at $12,000, having managed to reclaim that key level after some tumult. Related Reading: Despite Bitcoin “Gold 2.0” Narrative, Long-Term Correlation With Gold Remains Loose $12,000 is, of course, still $2,000… Read more
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Bitcoin Network Hash Rate Hits New High Over 80EH/s
Just a week after the Bitcoin network notched up another new hash rate high, it has done it again and this one is a bit of a milestone. Bitcoin Hash Rate Hits 80 EH/s For the first time ever, Bitcoin’s hash rate has topped 80 Exahashes per second. According to Bitinfocharts.com network hash rate hit 80.249 EH/s yesterday. The… Read more
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Extremists Are Turning To Crypto, But Can We Do Anything About It?
The shooting in El Paso this weekend took the lives of 20 innocent people. After it emerged that the alleged shooter had been using far-right echo chamber 8Chan to spread his message, Cloudflare announced it would cease the provision of cyber-security services, quickly forcing the site offline. However, following in the footsteps of the Daily Stormer, 8Chan announced its… Read more
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Indian Govt to Pitch Bitcoin Ban Bill in January
The Indian government is planning to introduce its controversial bitcoin ban bill in December-January parliamentary session, according to local crypto news provider Crypto Kanoon. The decision surfaced during an ongoing court hearing between the Reserve Bank of India (RBI) and regional cryptocurrency exchanges. Officials representing the Narendra Modi’s financial ministry submitted a draft bill before the Supreme Court judge,… Read more
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News Galaxy: Institutional Crypto Lending Will Become ‘Multi-Billion Dollar Business’
Galaxy Digital expects cryptocurrency lending to boom. The merchant bank has announced an investment in crypto loans provider DrawBridge Lending (DBL) in order to offer new financing products and help grow the lending/borrowing market. Announced this morning, the Galaxy investment will provide DBL with funding to create a suite of financing vehicles, which will provide institutional investors with… Read more
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TETHER WHALE SUPREMACY
TETHER WHALE SUPREMACY According to a report by Coin Metrics, 318 addresses own 80% of the current total supply of the Tether stablecoin. Bloomberg quoting excerpts from the Coin Metrics study reported that these addresses own at least $1 million in USDT. The report also revealed that major exchanges like Binance and Bittrex are among the USDT whales. Tether… Read more
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