Cardano, Dogecoin, XRP fall 10% while key Bitcoin metric flashes a favourable sign Many traders fear that the bear market might officially be here after dropping more than 50% from all-time highs on average. Several large-cap decentralized finance (DeFi) tokens, such as Badger, ThorChain, Alpha Finance, and others, have now fallen up to 85% from […]Read More
Data on crypto exchange trading volumes show a fall of more than 40% in June. Some attribute this to the regulatory crackdown by Chinese authorities. As a hangover from this, the past few weeks have seen markets ranging. But a dip yesterday has set off more bearish sentiment, as the Fear and Greed Index slid […]Read More
Jiang Zhuoer, the operator of major Chinese mining pool Lebit Mining, argued that the latest crackdown on crypto in the country would likely lead to miners relocating their activity to Europe and the U.S., as pointed out by journalist Colin Wu. “The worst case may be that large-scale mines are closed, and China’s Bitcoin mining […]Read More
Wedbush Securities, a Los Angeles-based privately held investment firm, foresees the corporate world emulating the U.S. electric car maker Tesla’s decision to buy bitcoin, just not this year. In a note on Monday, Wedbush analysts called Tesla’s bitcoin investment a “game-changer” for the top cryptocurrency and blockchain technology, adding that it could pave the way […]Read More
In a sign of continued maturity as a macro asset, bitcoin now looks to be leading the price action in the foreign exchange markets (FX). “The dollar slid back to flat on the day on Monday after a surge in bitcoin to record highs foiled the U.S. currency’s attempt to rally back from [U.S. nonfarm] […]Read More
The price of bitcoin blew through $46,000 for the first time ever like a light saber through cotton candy as Tesla’s announcement earlier Monday that it had bought $1.5 billion of the leading cryptocurrency added jet fuel to its record run. UPDATE (Feb. 8, 23:35 UTC): Updates to add bitcoin passed $46k for the first […]Read More
BTC is back within striking distance of its all-time high set early last month. Source linkRead More
Right now, blockchains communicate via tacked-on solutions (state channels, sidechains, swaps, bridges and so on). With the Stargate update to Cosmos on Feb. 18, the tools for native blockchain interoperability will be live on mainnet. “This is a long-awaited release for many Cosmos-based projects out there,” Band Protocol’s Kevin Lu told CoinDesk via email. “For […]Read More
Bitcoin Core lead maintainer Wladimir van der Laan has decided to take “even more” of a “background role” for the sake of further decentralizing the project, according to a new blog post. Bitcoin Core is the key software underpinning the Bitcoin network. While van der Laan’s work is mostly “janitorial” in nature, making sure the […]Read More
While Ethereum appreciated over December, the leading altcoin has largely underperformed Bitcoin. On days when BTC rallied 5-8 percent in a single day in December, Ethereum was sometimes flat, consolidating around key support levels as capital was focused on Bitcoin. Many attribute this to the institutional support for the crypto market, which aggregates in Bitcoin […]Read More
© 2020, cryptnewz.com
