Open Positions on Bitcoin Options Pass $1B for First Time

Open contracts on bitcoin options rose to record highs on Thursday as the cryptocurrency’s price rose into five figures.Data from major exchanges – Deribit, LedgerX, Bakkt, OKEx, and CME – shows that open interest on options rose above $1 billion, [...]

2020-05-08T12:27:37+00:00May 8th, 2020|Bitcoin|

Top Reasons Why Billionaire Paul Tudor Jones Buying Bitcoin Is a Big Deal?

The last 24 hrs in the Bitcoin community have been all about “Paul Tudor Jones” a reputed wall street hedge fund manager who in a letter to his clients explained cryptocurrency as a performer amid the current market meltdown. While [...]

2020-05-08T12:00:54+00:00May 8th, 2020|Bitcoin|

Bitcoin Outperforming Gold and Stocks so Far This Month

Bitcoin looks to have decoupled from traditional markets as investors refocus on the network's imminent mining reward halving. While the top cryptocurrency by market value has gained nearly 5.9% so far this month, gold, a haven asset, has declined by 1%. [...]

2020-05-07T11:51:04+00:00May 7th, 2020|Bitcoin|

Bitcoin Revenue in Square’s Cash App Tops Fiat Revenue for First Time in Q1

Bitcoin has flippened USD on Square’s Cash App, sort of.As reported in the publicly traded fintech company’s first-quarter earnings Wednesday, Cash App brought in $222 million on all its other fiat-powered services in Q1. Meanwhile, revenue from bitcoin was $306 [...]

2020-05-06T21:01:44+00:00May 6th, 2020|Bitcoin|

Why Binance and Akon Are Betting on Africa for Crypto Adoption

In advance of her “Crypto Across Emerging Markets” panel at Consensus: Distributed on May 11, Leigh Cuen is writing a three-part column on how cryptocurrencies are used in the developing world. The first installment explored bitcoin adoption in the Middle [...]

2020-05-06T10:00:00+00:00May 6th, 2020|Bitcoin|

Market Wrap: Bitcoin Volatility Higher Than S&P 500 Again but Lower Than Oil

In the ever-curiouser markets of 2020, bitcoin is only slightly more volatile than the S&P 500 and nowhere close to the bumpy ride oil has been on.In early trading at 00:00 UTC, the world’s oldest cryptocurrency was in $8,800 territory [...]

2020-05-05T20:46:41+00:00May 5th, 2020|Bitcoin|

Iran Issues License for Nation’s Biggest Bitcoin Mining Operation

iMiner, a Turkey-based company, has been granted a license to mine cryptocurrencies in Iran.Local news source Tabnak news reported on April 28 that iMiner has the green light from the nation's Ministry of Industry, Mine and Trade to operate up [...]

2020-05-05T08:00:25+00:00May 5th, 2020|Bitcoin|

Market Wrap: Bitcoin Dips to $8.8K but Optimism Seen Continuing Ahead of Halving

Bitcoin’s trading volume was lower on Monday compared to the latter part of last week but traders appear to be staying optimistic ahead of the expected bitcoin halving next week. Bitcoin (BTC) was trading down less than 1 percent over 24 [...]

2020-05-04T20:18:43+00:00May 4th, 2020|Bitcoin|

Why Bitcoin’s Big Rally Is a Sign of Its Resilience

Economic growth figures are starting to trickle in, and, as expected, they’re bad. Really bad. This past week the U.S. reported Q1 GDP growth as -4.8%. Italy’s GDP fell -4.5%, Spain came in at -5.2%, and France trumped that with a whopping -5.8%.  And that’s just warming up [...]

2020-05-04T02:00:59+00:00May 4th, 2020|Bitcoin|

Bitcoin Miners Usually Create 6 Blocks per Hour. They Just Banged Out 16

In an unusual deviation from the norm, bitcoin miners just produced 16 blocks in 63 minutes, according to the Blockstream bitcoin block explorer. Four of the new blocks were reported within 46 seconds at 19:02 UTC on Friday.Each new bitcoin [...]

2020-05-01T21:21:20+00:00May 1st, 2020|Bitcoin|

Market Wrap: May Opens With Equities Lower While Bitcoin Steady at $8.7K

While traditional markets started the new month with a sell-off, bitcoin is holding its own. Bitcoin (BTC) was trading up 1.2% over 24 hours at $8,728, with 10-day and 50-day technical indicator moving averages continuing to signal sideways sentiment Friday. A [...]

2020-05-01T20:32:12+00:00May 1st, 2020|Bitcoin|

American Buyers Are Fueling Bitcoin’s Rally, Data Suggests

Bitcoin is now up over 20% in 2020 after rallying to over $9,500 on Thursday. The cryptocurrency’s recovery from March lows ahead of the protocol’s third halving event is primarily fueled by American investors, according to market data. On U.S.-based [...]

2020-05-01T14:01:53+00:00May 1st, 2020|Bitcoin|

Market Wrap: There’s a Bright Side to Bitcoin’s Drop on Worsening Unemployment

Bad U.S. jobless data pulled markets lower Thursday, affecting even bitcoin. But there may be a silver lining for the cryptocurrency.At press time, the world’s largest cryptocurrency was up just 1% over 24 hours at $8,864, with 10-day and 50-day technical [...]

2020-04-30T20:44:32+00:00April 30th, 2020|Bitcoin|

BTSE Exchange Taps Into Crypto Demand by Increasing Request-for-Quote Limits

BTSE, a Dubai-based cryptocurrency exchange, has upped the limit for its over-the-counter request for quote (RFQ) due to April's increasing demand for bitcoin.The limit, which has been changed from $100,000 to $1 million, represents a ten-fold increase resulting from growing [...]

2020-04-30T15:00:14+00:00April 30th, 2020|Bitcoin|

Market Wrap: Bitcoin’s Price Tear Suggests It’s FOMO Time Again

There’s an old saying on Wall Street that financial markets are driven by two emotions, fear and greed. In the crypto markets, the driver is often a combination of the two: fear of missing out.The FOMO, as it’s often called, [...]

2020-04-29T21:19:10+00:00April 29th, 2020|Bitcoin|

Bitcoin Jumps 12% as Fed Keeps Money Flowing and US Economy Shrinks

Bitcoin's price jumped Wednesday by the most in six weeks, outpacing U.S. stocks, after the Federal Reserve pledged to keep pumping new money into markets and government data showed the economy sliding into recession.Bitcoin rallied 12% to $8,703  as of [...]

2020-04-29T19:43:30+00:00April 29th, 2020|Bitcoin|

Market Wrap: Bitcoin Edges Up to $7.7K as Mining Power Rebounds

Bitcoin's price is on the upswing, and so is the amount of computing power securing the network as a once-in-four-years event known as the halving approaches.The world’s oldest cryptocurrency is up 12% over the past five days, and less than [...]

2020-04-28T20:52:36+00:00April 28th, 2020|Bitcoin|

Why a Startup You’ve Never Heard of Is Now Sponsoring a Bitcoin Core Developer

There are roughly 15 known entities sponsoring Bitcoin Core developers in 2020, and the Wyoming-based startup CardCoins just became one of the smallest industry players to join the pack. CardCoins has helped “over 10,000 unique users” convert gift cards into bitcoin, [...]

2020-04-28T08:00:00+00:00April 28th, 2020|Bitcoin|

Market Wrap: Bitcoin Steady at $7.5K as Short Sellers Back Off

Since Thursday’s jolt in bitcoin prices, the cryptocurrency has traded in a tight range close to the $7,500 level. It has not only come back from the losses suffered in March, it’s also showing some upward momentum. The price for one [...]

2020-04-24T20:29:04+00:00April 24th, 2020|Bitcoin|

Market Wrap: Oil Rebounds As Crypto Makes Gains, Especially Ether

The oil markets rebounded somewhat from the stunning, historic lows that started the week. Prices for a barrel of West Texas Intermediate (WTI) have remained generally above $10 Wednesday, with trading up 9 percent as of 20:30 UTC (4:30 p.m. EDT). [...]

2020-04-22T20:50:19+00:00April 22nd, 2020|Bitcoin|
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