Blockchain Bearish News
Mike Novogratz, the billionaire and founder of cryptocurrency merchant banking firm Galaxy Digital, has cast doubt over the long-term stability of the United States stock […]
The post Mike Novogratz Thrashes Stocks in Favor of Bitcoin and Gold appeared first on InsideBitcoins.com. …
Crypto recession strategy is becoming a challenge for most startups during the COVID-19 induced recession in the global economy. The stock market collapsed and the cryptocurrency market especially the Bitcoin […] …
Birfarms, a cryptocurrency mining outfit based out of Canada, would be trimming its staff. This is due to the coronavirus pandemic’s effects on its operations. […]
The post Bitfarms Streamlines Workforce As Coronavirus Threat Continues appeared first on InsideBitcoins.com. …
YouTube stringent measures against crypto-related content appear to be bearing fruits. The recent detection of Coinbase’s Brian Armstrong crypto scam is a true testimony that the platform is working round […] …
As Coronavirus takes over the world, darknet sites now demand crypto for COVID masks. Darknet is the dirty underbelly of the technological revolution. Unfortunately, cryptocurrencies are often associated with shady […] …
The Bitcoin price has made a V-shape recovery from $3,600, following a capitulation-esque fall on March 12. Since then, the crypto market has recovered rapidly, similar to gold in previous crises, cryptocurrencies could perform strongly in the medium to long-term. As CryptoSlate previously reported, gold demonstrated a close correlation with stocks in the early days […]
The post Bitwise “increasingly bullish” on intermediate outlook for crypto, cites real money inflows appeared first on CryptoSlate. …
It would be fair to say that Bitcoin didn’t perform too well in March. For those who have been living under a rock, the cryptocurrency shed more than 50 percent of its value on Mar. 12 and 13, plunging from a price just shy of $8,000 to lows at $3,800 in a dramatic fashion, liquidating […]
The post Even after the 50% crash, this Bloomberg analyst thinks Bitcoin is bullish: here’s why appeared first on CryptoSlate. …
Some say the timing was coincidental, but Bitcoin and the entire crypto ecosystem was born seemingly in response to the issues in traditional finance exposed by the 2008’s Great Recession, during which banks holding billions of dollars started to collapse. Case in point: in the first-ever block of the network, its pseudonymous creator Satoshi Nakamoto […]
The post Why crypto? U.S. bank forcefully closed due to “longstanding capital” issues appeared first on CryptoSlate. …
In brief: Bitcoin (BTC) has this morning reclaimed the $7,000 value once again. Its movement is amidst global reports of some countries winning the war against the Coronavirus. With halving only days away, Bitcoin might continue with its upward trajectory. In our Saturday analysis of Bitcoin, Ethereum World News had advised a ‘wait and see’ approach with respect to the price action of BTC. This was due to the fact that the 50 and 100 MA on the 6-hour chart […] …
Guardicore Labs, a cybersecurity firm says it has identified a two-year-old complex crypto mining malware. This is a malicious bot that has remained undetected in crypto mining space for over […] …
Despite the best efforts of many out there, cryptocurrency investment scams still exist and are running rampant in today’s world. It almost seems like you’ve […]
The post Investors Intensify Their Complaint Against Stock Traders’ Crypto Ponzi Scheme appeared first on InsideBitcoins.com. …
Many tout Bitcoin and cryptocurrency for their uncorrelated natures, their ability to simply not care what the rest of the world is doing. But, this is seemingly not true; reports indicate that a number of crypto companies have begun to lay off staff or have paused their hiring processes most likely in response to the […]
The post Big crypto firms are purportedly laying off staff, but others are on hiring sprees appeared first on CryptoSlate. …
The crypto domain Bitcoin.com fires staff in a bid to restructure operations and achieve a lean workforce. As the economic situation deteriorates in nations across the world, Bitcoin.com fires staff […] …
Bitcoin showed a tight correlation with the U.S. stock market for about two weeks from March 12, raising concerns among investors that cryptocurrencies are just as vulnerable to a financial crisis as stocks and other high-risk assets. A study from Seba, a Swiss banking startup that raised $103 million in 2018, showed that gold performed […]
The post Like gold with previous crises, Bitcoin will thrive after coronavirus, research shows appeared first on CryptoSlate. …
Few asset classes are as known for their volatility as cryptocurrencies like Bitcoin, Ethereum, and others are. Because these young digital asset valuations are driven primarily by speculation and hype, they are especially susceptible to wild price swings. However, today, it was the oil market that experienced crypto-like gains, causing the price per barrel of […]
The post Oil volatility following Trump tweets brings crypto traders to PrimeXBT appeared first on CryptoSlate. …
The COVID-19 pandemic has attracted the blockchain community attention. The global scourge has seen Stellar fighting coronavirus with 2.5 million lumens donation. Through the Stellar Development Foundation, the funds will […] …
Bitcoin has shaken off a worsening coronavirus outbreak and record jobless claims in the U.S., rallying past $7,000 just minutes ago as of the time of writing this article, reaching a local high of $7,200. With the recent surge higher, BTC is up 24 percent from the weekend lows of $5,800. Although many have embraced […]
The post Bitcoin just hit $7,000: 3 factors that could be behind this explosive move appeared first on CryptoSlate. …
Historically, the Bitcoin price has tended to increase in the second quarter of every year. In the past six years, with the exception of 2018, BTC’s price has increased by 80 percent on average from April to June. However, 2018 was an odd year out during which the Bitcoin price dropped by 8 percent in […]
The post Q2 historically generated large gains for Bitcoin, but this time may be different appeared first on CryptoSlate. …
In times of economic crisis, gold has been the tried-and-true solution for those looking to protect their wealth for decades, even centuries; indeed, the metal has held its value for millennia, is universally loved, and is scarce. Gold under pressure The safe-haven status of gold has been proven once again over the past few months, […]
The post With strain on the physical gold market, is Bitcoin the next best bet? appeared first on CryptoSlate. …
So-called “Crypto Twitter” has been enthralled by a widely circulated “money printer go brrr” meme that takes aim at the government’s incessant money printing, with many crypto enthusiasts pointing to the Fed’s current monetary policies as the reason why Bitcoin is so important. Despite of these massive monetary injections that are – at least partially […]
The post The US Dollar’s climb invalidates “money printer meme” and damages Bitcoin narrative appeared first on CryptoSlate. …
The oil price is plummeting rapidly, dropping to as low as $5 in Canada. The dumping of additional supply by Saudi Arabia and Russia is expected to rattle the oil market further in April, which may cause high-risk assets including stocks and crypto to drop off. Over the next several weeks, JPMorgan expects oil-rich sovereign […]
The post Plunging oil price presents an unexpected risk to the crypto market in April appeared first on CryptoSlate. …
In brief: The Bitcoin dominance on Coinmarketcap is steady at around 65%. Ethereum’s dominance in the market currently stands at 8.23%. In the past few days, ETH has had a hard time reclaiming the $140 support zone. The ETH/USDT 6-hour chart is exhibiting bearish signs that are further confirmed by a possible death cross on the daily chart. The Bitcoin market dominance is one tool used by crypto traders to determine whether there is an alt-season on the horizon. At […] …
In brief: Binance Coin was not spared by the crypto market turmoil seen on the 12th and 13th of March. BNB dropped to a level of $6.40 last seen in February of 2019. The prominent alt-coin might reclaim $14 but the general trend is still in a downward trajectory. However, possible news developments at the exchange might prop the value of the coin. In the past few weeks, crypto traders have had a hard time utilizing known Technical Analysis techniques […] …
Experts are wondering whether the crypto adoption in Egypt is set for a massive boost with the Egyptian Central Bank imposing limitations on daily withdrawals as the country faces severe […] …
For over a decade, Bitcoin has been the king of the crypto industry; more accurately, it’s the so-called “grandfather” of cryptocurrencies, the first that spawned the rest. Over the majority of this decade, the asset’s primacy hasn’t been threatened. But, ever since 2017’s bull run, there have been some claiming they’ve created a “better Bitcoin” […]
The post It’s almost impossible for Bitcoin to be supplanted by an altcoin; here’s why appeared first on CryptoSlate. …
The antidote to the many economic crises the world has faced over the past few decades has been debt. Case in point: as of the time of writing this, the latest estimates put the amount of global debt somewhere in the region of $250 trillion, or approximately three times the economic output of the world […]
The post Wall Street giant chief fears end of “debt super cycle”: Is crypto the solution? appeared first on CryptoSlate. …
Internet usage has increased globally, as many people spend time at home in quarantine to curb the spread of the global pandemic, coronavirus. This surge […]
The post Weak Internet Connectivity Threatens Bitcoin Trading in Venezuela appeared first on InsideBitcoins.com. …
The United States Securities Exchange Commission (SEC) has paused the trading of shares of a small China-based company called Zoom Technologies, based on concerns that […]
The post SEC Clamps Down On $ZOOM Trading After Investors Mistake It For Zoom App appeared first on InsideBitcoins.com. …
Bitcoin’s market price dropped from the new stable $6,800 by a violent 10% in less than a day, and analysts are saying that it may […]
The post Bitcoin May Still Drop As Low As $4,800, Analysts Predicts appeared first on InsideBitcoins.com. …
In brief: Bitcoin (BTC) has had an eventful weekend as it dropped from $6,700 to $6,000. The King of Crypto has tested the $6,000 support zone a few times. This area of support is crucial as a death cross is forming on the daily chart. At the time of writing this, all global citizens are taking precautions to safeguard their health and wealth from the devastating effects of COVID19. When we look at our favorite cryptocurrency of Bitcoin, it too […] …
A Chinese Blockchain Service Network comprising of local banks, groups, corporations, and technology companies will be launched sometime in April. Backed by the government itself, the BSN platform will surely […] …
The crypto market has been relatively stable in the last four days. The Bitcoin price has generally been moving in between a five percent range, showing an unusually low level of volatility. In contrast, the U.S. stock market has demonstrated extremely large swings, moving by three to six percent on a daily basis in the […]
The post Forget crypto: Kiyosaki says the stock market is “manipulated” appeared first on CryptoSlate. …
In brief: Today, the US has surpassed China in confirmed cases of the Coronavirus. A total lockdown might be the only option left to curtail the spread of the disease in North America. The Stock markets might experience another dip due to technical and fundamental factors. Bitcoin (BTC) might thus be tested one more time by a stock market meltdown. New developments reaching Ethereum World News regarding the spread of the Coronavirus indicate that the United States has surpassed China […] …
Key metrics show that bulls may be betting heavily on Bitcoin as the coin reclaims ground from its late-February tumble in tandem with the global economy. Investors seem to be accumulating with real conviction. Bitcoin’s 7-day trading average volume as measured by the Bitwise 24-hour “real” spot volume index is at the highest level since […]
The post Several key metrics suggest that Bitcoin could be preparing for a power move appeared first on CryptoSlate. …
The increased threat of cryptocurrency scams, especially in this time when people seem to be susceptible to them, has reached some authorities as well. Most […]
The post California Governor Mentions Bitcoin in COVID-19 Response Speech appeared first on InsideBitcoins.com. …
Despite dramatic measures taken to stem the spread of the coronavirus, it has continued to wreak havoc on the Western world, continuing to sweep across the U.S. and Europe while shutting down thousands of businesses and forcing millions out of work. As a result, the Federal Reserve has had to pull out all the stops […]
The post Why the Federal Reserve’s balance sheet exploding past $5 trillion is bullish for Bitcoin appeared first on CryptoSlate. …
The U.S. stock market has had a great past few days, with all of the benchmark indices rallying as bulls attempt to establish a long-term bottom. Bitcoin has only been able to catch a portion of this momentum, however, as the cryptocurrency is currently facing insurmountable resistance just below $7,000. Bitcoin’s lack of momentum against […]
The post Yesterday’s stock market rally leaves Bitcoin in the dust as critics rejoice appeared first on CryptoSlate. …
Since the $3,800 bottom, Bitcoin has done surprisingly well, rallying as high as $7,100 just this weekend to register an 87 percent recovery. Altcoins followed suit, posting similar gains to the crypto market’s leader. Despite this convincing bounce, which has been cemented by days of accumulation in the mid-$6,000s, above the key supports in the […]
The post Why this Bitfinex Bitcoin whale isn’t convinced of the crypto market’s 70% recovery appeared first on CryptoSlate. …
The difficulty of mining Bitcoin has dropped by more than 10 percent for the fifth time in the asset’s history. It previously marked the bottom of BTC, but not every time. In the first week of December 2018, the difficulty of Bitcoin mining dropped by 15.13 percent. Yet, BTC did not recover until four months […]
The post Bitcoin difficulty dropping isn’t all that positive as many claim, as seen in Dec 2018 appeared first on CryptoSlate. …
In Brief: The major cryptocurrencies of Bitcoin, Ethereum and XRP are experiencing sideways movement. Only Monero (XMR) is exhibiting noteworthy gains in a 24-hour period. The privacy coin is up over 8% in a day and has its eyes set on the $52 resistance area. In an earlier article, Ethereum World News reminded the crypto trading community that the CME Bitcoin futures expire tomorrow, Friday 27th March. In the piece, we explored how Bitcoin was having a hard time breaking […] …