Cryptocurrency Analysis and News Portal
Bitcoin rebounded from an OKEx-related drop; ether options traders may be beacon chain bearish. Bitcoin (BTC) trading around $11,327 as of 20:00 UTC (4 p.m. ET). Slipping 2% over the previous 24 hours.Bitcoin’s 24-hour range: $11,199-$11,623BTC below its 10-day moving average but above the 50-day, a sideways signal for market technicians.Bitcoin
Read More
In this issue Why did Square acquire US$50 million in bitcoin?Google Cloud joins Block.one networkDigital currency initiatives advance globallyIn China: central bank pushes 50,000 people to spend new e-RMB; Hong Kong as DCEP’s sandboxFunding spotlight: betting on cryptocurrency in India From the Editor’s DeskDear Reader,What’s happening in this part of the world,
Read More
Trading volumes for CME bitcoin options surged as traders made bull call spreads anticipating a rally. Source
Read More
Hackers hit DeFi protocol bZx again, derivatives traders have placed bets bitcoin will hit $30,000 by year’s end and the latest twist in the SushiSwap saga. Top shelfHacked againDecentralized finance (DeFi) protocol bZx is the victim of yet another hack – this time costing nearly $8 million. On Sunday, an unnamed attacker apparently tricked
Read More
Quick take:All bets are on Bitcoin either retesting its $9,300 support or losing it completely. BTC dropped below this support zone on the 11th of June. One bearish scenario sees Bitcoin retesting $8,000 or even $7,000. The weekly close is once again knocking on Bitcoin’s doors with the King of Crypto currently trading
Read More
[sociallocker id="55298"] Bitcoin (BTC) will never cost less than $10,000 again after August this year — according to a price indicator gaining popularity among investors.In a tweet on June 2, Timothy Peterson of asset manager Cane Island Alternative Advisors drew attention to a watershed moment for the largest cryptocurrency.Lowest Price
Read More
The Naval Air Warfare Center, a California-based research group of the U.S. Navy, has given blockchain software startup Simba Chain nearly $10 million to put a secure messaging platform in play. “The platform will be up this year, with on going updates over the next 4 years,” Simba Chain CEO
Read More
Bitcoin (BTC) will hit $12,000 in 2020 as markets recover from fresh suppression, one of its most outspoken investors has said.Mike Novogratz, co-founder of cryptocurrency merchant bank Galaxy Digital, made the “$btc finishes over 12k,” remark as part of his new year predictions in a tweet on Dec. 28.Novogratz
Read More
While the cryptocurrency is losing ground, the number of bullish bets, as represented by the BTC/USD long positions on Bitfinex, have jumped to a record high of 44,523 contracts, surpassing the previous high of 40,193 reached in March 2018. Meanwhile, short positions have remained stuck largely in the 5,000–8,000
Read More
“Now that we're public, we have more efficient access to capital to support our growth,” Silvergate Bank CEO Alan Lane said in an interview. Source
Read More