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Bitcoin continues ripping through major support, breaching the $8,000-level support within the last hour. From open at $10,027 on Sep. 23, BTC has now fallen over 20 percent. The drop follows a breakout of a month of consolidation around the $10,000 price point, beginning mid-August. What has startled investors is the speed of the drop. […]

Subsequent to the near 20 percent pullback in the Bitcoin price, trader Nick Cote said that bears won the short term fight with more room for a deeper correction in the cryptocurrency market. More than $600 million worth of long contracts were liquidated on BitMEX on the day the Bitcoin price plunged to $8,000, causing […]

Bitcoin experienced its worst plunge since January 2018, dropping as much as 18 percent on Sept. 24. The drop came shortly after the U.S. stock market experienced a similar crash, which led many to question whether Bitcoin was truly a “safe haven” asset. No bull market for Bitcoin Bitcoin’s upcoming bear market has been one […]

Canaan unveiled a new Ethereum ASIC that’s more than 5-times more efficient than commercially available GPUs. This doesn’t bode well for small-scale miners and threatens to potentially increase centralization of the network. A new Ethash ASIC Today at the New Era Mining Summit in China, Canaan unveiled a new Ethereum Ethash ASIC. The ASIC would […]

DeFi Saver, a platform that provides its users with advanced control over Ethereum collateralized debt positions, suffered a delay in their automation system forcing a few monitored CDPs into liquidation. DeFi Saver CDP Automation Collateralized debt positions (CDPs) are smart contracts that run on the Ethereum network as one of the main components of the […]

The sharp price movements that characterize Bitcoin’s trend have left different price gaps in the Chicago Mercantile Exchange (CME) Group Bitcoin futures contracts. These gaps tend to get filled later on as the price of BTC develops. The recent 15 percent drop that Bitcoin experienced, in fact, filled a price gap that dates back to […]

If you solved a really complicated math problem all by yourself, you’d obviously want credit for it. This is the central idea behind “proof of work,” the consensus mechanism that powers Bitcoin and a number of other assorted cryptocurrencies. Crypto miners around the world run computer systems that process transactions on these decentralized networks, performing […]

London has beaten New York to become the world’s most active fintech hub by the number of fundraising deals in 2019, collecting $2.1 billion in funding from 114 deals in the first eight months of the year, CNBC reported. While San Francisco—a longtime venture capital powerhouse home to six of the ten largest tech companies […]

On Sept. 25, the crypto market experienced one of its steepest falls in recent years as the bitcoin price abruptly dropped by more than $1,500 in merely hours, sending many cryptocurrency investors to Tether. Tether, a stablecoin said to be run by iFinex, the parent company of a major cryptocurrency exchange in Bitfinex, has often […]

Bitcoin has stabilized around the $8,600-mark hours after a ferocious sell-off led on BitMEX saw price decline more than 13 percent, liquidating more than six hundred million long contracts on the Seychelles-based exchange, according to data on Datamish.com. The decline, Bitcoin’s largest intraday plunge in months, saw the largest cryptocurrency by market capitalization shed 13.5 […]