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Higher-than-normal selling volume pushed bitcoin down in early trading Thursday before managing to recover. Bitcoin (BTC) was trading around $9,297 as of 20:00 UTC (4 p.m. ET), slipping just 0.18% over the previous 24 hours. At 00:00 UTC on Thursday (8:00 p.m. Wednesday ET), bitcoin was changing hands around $9,270 on spot
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Brooklyn-based blockchain firm Kadena hopes its new app can verify that COVID-19 tests are the real deal by letting users track test kits. Announced Thursday, Kadena said the open-source application would be available to use on its testnet immediately, and would provide a secure way for medical professionals and patients to
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Many investment firms have launched crypto exchange-traded funds, but so far, none has found favor with the United States Securities and Exchange Commission. Firms keep trying, though, and this past week, two more tendered applications for crypto ETF-like products — if not pure-play Bitcoin ETFs have emerged. WisdomTree, an asset manager
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Bitcoin’s price is gathering upward momentum as traders buy fewer put options, which are bearish bets on the top cryptocurrency. At press time, bitcoin was changing hands near $9,400, representing a 2% gain on the day, according to CryptoX’s Bitcoin Price Index. On a week-to-date basis, the cryptocurrency is now reporting
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Bank of China launched its first fintech innovation regulatory pilot project in Beijing last year. The bank announced plans to expand its regulatory pilot projects in six more cities and districts on April 27.The bank plans to conduct pilot projects in Shanghai, Chongqing, Shenzhen, Hebei Xiong'an New District, Hangzhou and
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After weeks of elevated activity, trading volumes on spot bitcoin exchanges have subsided, boding well for some traders if not the venues themselves.Prices for bitcoin (BTC) climbed less than a percent Tuesday, retracing gains lost the day before when it hit a one-week low, according to CryptoX’s Bitcoin Price Index
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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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Bitcoin (BTC) has spent much of the last week in freefall, sinking to a low of $8,520, just as the Coronavirus outbreak prompts widespread panic in the financial world due to its potentially cataclysmic impact on the global economy. This negative correlation between a global crisis and the value of
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Bitcoin (BTC) was fighting to keep support at a key level on Feb. 27 as markets worldwide continued to suffer from fears over coronavirus.Cryptocurrency market daily overview. Source: Coin360The make-or-break moment for BTC bullsData from Coin360 and CryptoX markets showed BTC/USD fluctuating around its 200-day moving average (200 DMA)
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The chief of the Australian Securities Exchange (ASX) has said the company's approaching shift to blockchain tech could bring opportunities to the wider securities industry. In a results call for H1 2020 Thursday, reported by ZDNet, ASX CEO Dominic Stevens said: "We're very excited about the long term
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