Cryptocurrency Analysis and News Portal
Bitcoin (BTC) is still outperforming the top traditional financial assets so far in 2020 – even after a dour performance this month. At time of writing (10:00 UTC), bitcoin is trading around $9,170, representing a 27.8% gain on a year-to-date (YTD) basis, according to CryptoX’s Bitcoin Price Index. Meanwhile, gold and the
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During the last few months, Cryptox.trade’s cryptocurrency exchange has added a number of new coins and features. Today, Cryptox.trade Exchange has added an Ethereum-based inverse token called “BTCSHORT,” a token that gives users exposure to the inverse or -1x the daily performance of Bitcoin on any given day.Cryptox.trade Exchanges
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For well over a month now, a great number of countries have been living under lockdowns and stay-at-home orders due to the coronavirus outbreak. Meanwhile, central banks like the Fed, Bank of England (BoE), and European Central Bank (ECB) have funneled trillions into the hands of private financial incumbents. Despite
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The recent coronavirus outbreak has far-reaching consequences beyond the spread of the disease and efforts to quarantine it. Recently, we’ve experienced one of the most severe stock market crashes in modern times: On March 9, 2020, the Dow Jones Industrial Average recorded a drop of -7.8%, which happened to
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As CryptoX reported on Feb. 19, Binance temporarily suspended most of its crypto trading platform activities due to unscheduled system maintenance. For several hours the exchange’s users were unable to perform most basic functions including deposits, withdrawals, spot trading, margin trading, P2P trading, lending, redemption, as well as asset
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Major American cryptocurrency exchange Coinbase said that the EOS network is having some issues.On Feb. 20, Coinbase issued a status update stating, “EOS network has degraded performance. Sends and receives might be delayed.” The exchange posted a tweet two days later, stating that the EOS network was still suffering from
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Eminem performed “Lose Yourself” at the Oscars last night. His reliance on an 18-year-old song to create publicity betrays his shrinking relevance. Eminem told Moby to “let go, it’s over” when the electronic musician was 36, while the rapper is now 47. Eminem proved he’s a tired and creatively bankrupt artist last night.
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Bitcoin (BTC) and other cryptocurrencies have been compared to FAANG (Facebook, Apple, Amazon, Netflix and Google) companies due to their network effects, as reported by CryptoX. The rationale that the increase in people using a platform makes its value increase exponentially — as it happens with Facebook or the
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Initial exchange offerings (IEOs), which launched in 2019 have lost investors up to 98% of their money, damning new statistics show. In its latest report on the phenomenon published on Dec. 23, the analytics arm of exchange BitMEX, BitMEX Research, identified twelve major IEOs that launched this year. Of those,
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Bakkt’s entry into the crypto space remains disappointing so far in the first week of its Bitcoin Futures launch. Bakkt’s performance has also resulted in the Bitcoin price crash last week, according to some experts.Last week, the Intercontinental Exchange (ICE) launched its regulated Bitcoin Futures contracts. While there was a
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