Cryptocurrency Analysis and News Portal
In the wake of “Black Thursday,” it seemed clear to some that Bitcoin was dead: hundreds of millions of dollars worth of BitMEX positions were liquidated, the crypto’s market liquidity dried up (accentuated by the 50% drop in a day), and Crypto Twitter briefly became a ghost town.But, as I
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Major cryptocurrency exchange Bitfinex has become the latest exchange to offer staking services to customers.Announced April 3, Bitfinex will offer staking rewards up to 10% per annum on crypto assets underpinned by a Proof-of-Stake algorithm."We're committed to engaging our existing users and the wider community with new products and
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Bitcoin’s eccentric performance last week had it shed roughly $80 billion from its global market valuation. But investors are not giving up on the world’s first decentralized digital asset.The bitcoin-to-dollar exchange rate rebounded by an astonishing 72 percent after bottoming out temporarily at $3,852. The pair traded near the $7,000-top
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Gold, bitcoin, and government bonds fell in sync on Wednesday, suggesting that investors are raising cash to tackle the disruption caused by the Coronavirus pandemic.The gold-to-dollar exchange rate dipped by as much as 2.73 percent to $1,487.66 an ounce shortly after the European market open. The yellow metal came under
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Oil prices rallied on Friday, capping off their first weekly gain in six. Goldman Sachs and the Energy Information Administration (EIA) have cut their forecast for 2020 crude prices. Coronavirus and the sharp downturn in Chinese consumption are largely to blame. Oil prices were back in rally mode on Friday, gaining modestly on
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Hackers compromised five United States law firms and demanded two 100 Bitcoin (BTC) (over $933,000 at press time) ransoms from each firm: one to restore access to the data, one to delete their copy instead of selling it.According to data shared with CryptoX by cybersecurity firm Emsisoft, the hacker
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Japan needs to keep researching a central bank digital currency, even if it won't launch one just yet, accord to the Bank of Japan's (BoJ) deputy governor.As per a Reuters report on Thursday, Masayoshi Amamiya said at a Tokyo seminar that if advances in payments technology arrive quickly, there may
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2019 saw significant bitcoin derivatives action from firms like CME Group and Bakkt. This year, demand for CME’s bitcoin futures remains strong
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According to JPMorgan managing director Nikolaos Panigirtzoglou, the activity of the CME bitcoin futures contract has increased in the past year. It indicates that the demand for BTC and new options contract for the dominant cryptocurrency is high.Institutional demand for bitcoin is critical in long-termThe cryptocurrency market has grown throughout
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UK-based currency exchange site Travelex is the latest victim of suspected cybercriminals demanding Bitcoin (BTC) ransom. The BBC reports that the alleged hackers want $6 million in BTC in exchange for the decryption of the company’s hacked files. $6 Million According to the BBC, currency exchange giant Travelex suffered a cyber attack
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