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Data appears to contradict Bitfinex’s claim that the reason for its users withdrawing 135,000 Bitcoin (BTC) from the exchange was an arbitrage opportunity that ensued following Black Thursday.135,000 BTC laterOn Thursday, March 12, Bitfinex was holding 200,000 BTC. By May 25, this number dwindled to just 65,000 BTC. This is
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In less than two weeks, the Bitcoin block reward halving will take place and BTC miners will receive half the reward going forward after May 12. Since ‘Black Thursday’ (March 12), bitcoin prices have gained 103% since then rising from $3,800 to $7,750 per coin. With the halving fast
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Bitcoin (BTC) trading is currently seeing its highest correlation with the S&P 500 stock market index as panic over the coronavirus (COVID-19) pandemic is reportedly forcing investors to embark on massive portfolio de-risking. Bitcoin Trading Correlation with S&P 500 Reaches All-Time High Data from crypto analytics platform Coin Metrics shows that the
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Evidence shows that whales are buying the massive bitcoin dip. Bitcoin’s digital gold narrative was crushed in the recent selloff. If whales are indeed buying the dip, bitcoin can eventually regain its digital gold status. Bitcoin has wiped out many traders over the last few days. The intense selloffs
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Starting today, accredited investors will be able to partake of $13.5 million in tokenized bonds connected to the contract of Brooklyn Nets Point Guard Spencer Dinwiddie. The first-of-its-kind offering took months of negotiation with the NBA but marks a seminal moment for both crypto and the larger idea of "income
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The aftershock of the 2016 hack of The DAO meant decentralized autonomous organizations (DAOs) weren’t nearly as hyped as ICOs and, later, some other aspects of the Web3 movement. In 2019, however, DAOs came roaring back and start 2020 with the wind in their sails. In this episode, we look at
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This post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Nathaniel Whittemore is an independent strategy and communications consultant for leading crypto companies as well as the curator of Long Reads Sunday and host
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Social media influencers made people believe that quantitative easing is bullish for bitcoin. The recent selloff obliterated this narrative. HODLers now rely on the halving and the stock to flow ratio to ignite a bull market. Over the last few months, social media influencers on Twitter peddled that quantitative easing (QE) is bitcoin’s
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For many, trading cryptocurrency can be a challenge, but the process is made easier if one relies on a combination of technical analysis tools and oscillators to provide insight on which path digital assets like Bitcoin (BTC) might take. Typically, one sees traders employ the relative strength index (RSI), moving
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