After hitting levels [$12,100] last seen a year ago, bitcoin witnessed a crash that dumped the price to $10,559. Not only did this cause liquidation of positions worth a billion-dollar but also reset market sentiment from extremely greedy to greedy. Trading just above $11,000, there seems to be a visible fear among bulls as the price Read more…
US travel management company CWT paid 414 Bitcoin, worth $4.5 million, to hackers who stole sensitive corporate files and reportedly knocked 30,000 computers offline. Crypto exchange Binance CEO said, “Again, not bitcoin’s fault, but as we inevitably evolve into a more digital civilization, all businesses new and old will need to Read more…
The correlation between Ethereum and Bitcoin has dropped off, data from Skew shows. It could suggest that the market is maturing as it enters a new phase. Researchers at Skew said: “Short-term correlation between Bitcoin and ether is dropping further. Is this officially the end of a nearly three years long Read more…
VeChain, ranked 20th on CoinMarketCap’s charts, was one of the cryptocurrencies leading the altseason charge in early-July, with VET surging by leaps and bounds for over a week or so. Since then, however, VeChain has failed to replicate its bullish movements, with a correction wave sweeping across the VeChain market. In fact, Read more…
Today is the first day of August, and this means that a few hours ago, the monthly candle of July closed. A surprising fact is that only once in its history, Bitcoin had recorded a monthly close higher than yesterday’s – and that was during December 2017 – the peak Read more…
On Friday, Vladimir Putin, Russia’s president, signed one of the two digital assets bills into law, Russian media outlet RIA reports. The new law was passed by Russia’s parliament, Duma, last week and states that firms can provide virtual securities on blockchain platforms provided they are well registered with the country’s central bank, Read more…
We would like to inform you that the Terms of Use is going to change on 30 July, 2020 on BitBay. At this link you can check the new provisions. The provisions of §3 points 6-9 have been removed from the Regulations. They will be replaced by the Cryptocurrency and Token Recover Read more…
In addition to all the positive news surrounding the crypto markets, 2020 might become the last year Bitcoin is ever valued at under $10k as shall be explained. According to Bitcoin analysis done by Timothy Peterson of Cane Island Alternative Advisors, BTC’s value can be modeled using Metcalfe’s law. As earlier Read more…
The number of accounts holding more than one million XRP has increased by 3.7% with 30 new whales appearing over the last two weeks, according to Santiment’s holder distribution chart. These investors now hold between $240,000 and $2.4 million in XRP each, which has contributed to upwards pressure on price. Read more…
Cardano has launched its Shelley upgrade, which introduces staking rewards for users who hold the ADA cryptocurrency. Here’s what you can expect from Cardano’s staking features. The Basics of Cardano Staking If you decide to stake your Cardano (ADA tokens) for a set period of time, you’ll periodically earn a return Read more…