Cryptocurrency Analysis and News Portal
Bitcoin’s year-to-date performance compared to the Brazilian Real coupled with the country’s financial woes may help drive demand towards the cryptocurrency.According to a new report released May 11 by Delphi Digital titled “The State of Bitcoin”, Brazil’s central bank lowering its interest rates to 3% and the fact the Real
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Ravaged by crippling hyperinflation, Iran’s Parliament has sanctioned the redenomination of its fiat — the rial — by replacing it with a new currency called the toman. According to the plan, each toman will be worth 10,000 rials.The redenomination plan effectively removes four place values (four zeros) from the Iranian
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After the powerful rally unfolding across the crypto market over the last several weeks, Bitcoin price failed to breach cleanly above $10,000 and hold. The move pushed the first-ever cryptocurrency into a supply zone dating back to the start of the bear market where it was rejected.The failure will likely
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Rising Bitcoin demand ahead of its mining reward halving has driven Ethereum prices to two-month lows.The second-largest cryptocurrency fell more than 16 percent against Bitcoin from its April 18 top.Traders are trying to gauge the bottom for ETH/BTC amidst the halving FOMO.Ethereum spot rates have plunged following three weeks of continues
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When markets are bleeding, investors turn to gold. The celebrated precious metal and former reserve standard of the world’s monetary system is valuable for several reasons, but primarily because it is scarce. So scarce, that supply-chain problems with physical gold delivery are manifesting as demand surges amid the COVID-19 financial chaos.Why
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Thanks in part to the uncertainty of the coronavirus crisis and rising bitcoin prices, bitcoin wallet startups have seen a sudden uptick in activity. For example, over the past two months the Austin, Texas-based bitcoin startup Unchained Capital, with over $50 million in assets under management and $150 million worth of
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Estimated data shows cryptocurrency asset management firm Grayscale purchased close to half of all mined Ethereum in 2020. What’s more, with Ethereum 2.0 drawing closer, many have speculated that institutional investors are looking to reap the benefits of ETH staking.Institutional Interest in Ethereum Taking OffGrayscale is currently the world’s largest
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The global crisis and financial market turmoil have many investors looking into whether cryptocurrencies, such as bitcoin, are a good investment for them. A Japanese analyst has predicted high institutional investor demand for bitcoin post coronavirus crisis, giving three key reasons why the cryptocurrency is an attractive investment.High Institutional Demand
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The number of bitcoin email scams has been growing in 2020 and the authorities in several countries have warned of new blackmail tactics used in threatening email scams asking for bitcoin. As the world scrambles to cope with the coronavirus pandemic and economic crisis, email scams are taking advantage of
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The volume of Bitcoin (BTC) in Argentine pesos has risen exponentially since the 2018 cryptocurrency crash, as the country faces a possible default on $65 billion in foreign debt.Arcane Research posted data to Twitter on April 23 showing that the weekly volume of Bitcoin purchased with Argentine pesos has jumped
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