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Few asset classes are as known for their volatility as cryptocurrencies like Bitcoin, Ethereum, and others are.
With global markets crashing and the broader economy on the verge of another great recession, it’s hard to visualize Bitcoin rallying, especially since it collapsed by 50 percent in a single 24-hour period in mid-March.
After rallying from the lower-$6,000 region earlier today, Bitcoin bulls stepped up and propelled the benchmark cryptocurrency up to highs of $7,300 in what ultimately proved to be a fleeting movement.
Native platform tokens aimed at increasing the efficiency and decreasing the costs associated with interacting with crypto exchanges have garnered significant popularity amongst investors in recent times, with their overt utility boosting transaction volumes and making them attractive to investors.
Investing has never been easier now that on-chain metrics enable market participants to determine who is on the other side of the trade.
Bitcoin has shaken off a worsening coronavirus outbreak and record jobless claims in the United States, rallying past $7,000 just minutes ago as of the time of writing this article, reaching a local high of $7,200.
Despite the state of commotion in the global financial markets, several altcoins were able to provide significant gains during the first quarter of the year.
Digital payment provider Crypto dot com will be waiving the 3.5 percent credit card fee for crypto purchases until June.
The overwhelming majority of traders in the crypto market are currently longing Bitcoin, data shows.
Despite the overarching fear imposed by the coronavirus outbreak that is now gripping all corners of the Western world, companies around the world still took to the Internet to ‘celebrate’ April Fool’s Day — presumably to lighten the mood.
The amount of Bitcoin held by crypto exchange BitMEX has drastically dropped in the past two weeks after the exchange experienced a massive liquidation spiral on March 13.
2020 has been a turbulent year for Bitcoin and the aggregated cryptocurrency market, with bulls having firm control over the benchmark digital asset throughout all of January and most of February, before losing their strength to sellers in March.
The popular Ethereum Foundation website Ethereum.org is now operating on the Interplanetary File System (IPFS), according to Ethereum co-founder Vitalik Buterin.
Changpeng Zhao, the CEO of Binance will be delivering a keynote speech and an AMA at the BlockDown 2020 virtual conference.
Historically, the Bitcoin price has tended to increase in the second quarter of every year.
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.
March 12th is a day that will live in infamy for the crypto markets, with investors watching Bitcoin lead the entire market in an unprecedented downwards movement that led some altcoins to decline as much as 50 percent or more in a matter of mere hours.
Despite the strong downturn seen in the crypto markets, epitomized by Bitcoin’s 50 percent decline that transpired on March 12, the amount of Tether’s USDT stablecoin in existence has exploded.
Charles Hoskinson, the CEO of IOHK, said that the huge amount of time, effort, and money spent has resulted in a unique product on the market that’s set to fulfill even the highest expectations.
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.
The oil price is plummeting rapidly, dropping to as low as $5 in Canada.
Though Bitcoin started 2020 with a bang, it’s worth taking the start of a new decade to reflect on the state of the original cryptocurrency.
Bitcoin’s price action seen throughout the past several days has been rather lackluster, with the benchmark cryptocurrency seeing some choppy trading that has led it to establish a wide range between $5,800 and $6,800.