Cryptocurrency Analysis and News Portal
Major privacy-focused cryptocurrencies jumped on Monday, with monero (XMR), the biggest of the lot, extending its impressive recent run to two-year highs. The move came after a group of countries jointly called for “back doors” into encryption software. That backdoor access potentially diminishes the privacy-safeguarding utility of such software and
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The Dow Jones rallied 100 points Tuesday.The U.S. housing market continues to boom, thanks to the Federal Reserve.JPMorgan believes tech and white-collar dominance could face a reckoning.The Dow Jones rallied on Tuesday as a buoyant U.S. housing market continues to go from strength to strength. One JPMorgan strategist believes that
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Bitcoin is a tool to avoid police extortion in Nigeria, centralized social media is being censored amid Thai protests and Federal Reserve Chairman Jerome Powell said the central bank will readdress its previous 2% inflation target over the next decade. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain
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Bitcoin traders are hitting the sell button. On Ethereum, DeFi is boosting fees again. Bitcoin traded as low as $11,613 Tuesday. Traders continued selling the world’s oldest cryptocurrency after it hit a 2020 high of $12,485 on Monday. For the time being, it may struggle to break much higher from that. “Too
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Bitcoin price has grown over 40% since the asset’s halving this past May. The market braced for the
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Billionaire investor Michael Novogratz said global “liquidity pump” from stimulus packages will keep driving bitcoin’s price higher. He expects the price of bitcoin to reach $20,000 this year, fueled by retail investors shifting to the cryptocurrency.Mike Novogratz’s Bitcoin PredictionGalaxy Digital CEO Michael Novogratz said on Tuesday that bitcoin and
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Chainlink’s native token LINK slipped about 10 percent a day after establishing its all-time high at $8.53. The downside correction, nevertheless, failed to dismiss the prevailing bullish sentiment as LINK rose by more than 10 percent in the last 24 hours. Santiment’s latest research shows that the token may continue its uptrend
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Bitcoin’s recent mining rewards halving that took place just a couple of months ago went off without a hitch and has had a negligible adverse impact on the dynamics seen amongst the cryptocurrency’s miners.This comes despite what many analysts had previously believed, as some had been calling for an imminent
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The growth of the crypto derivatives market in 2020 has been a story of its own, mainly driven by Bitcoin (BTC) and Ether (ETH) options traded on exchanges such as the Chicago Mercantile Exchange, Deribit, OKEx, Binance and Houbi. Record Bitcoin options volumes are indicative of an increasing institutional interest in
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A branch of the Russian federal government has recently published a draft of new litigation called “On Digital Financial Assets,” which is focused on enforcing strict cryptocurrency laws in the country. The legislation has not been approved yet and has been in discussion since 2018.The new laws define Bitcoin as
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