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Bitcoin News Roundup for May 14, 2020
14.5.2020
Ether whales are headed to bitcoin while Reddit rolls out Community Points. It's CoinDesk's Markets Daily Podcast
Brace For Impact! How Would Another Stock Market Crash Affect Bitcoin?
14.5.2020
Major names in finance are raising the alarm that stocks are vastly overvalued – more so than ever. Should the traditional market crash again, how would this affect bitcoin (BTC)? Analysts believe that BTC would feel the impact, but, this time, there is a chance it might be different.
Legendary...
Institutional Interest in Bitcoin to Keep Rising After BTC Halving
14.5.2020
Bitcoin underwent its third halving and institutional demand continues to be on the rise
Monex Group CEO to First-Time Investors: Buy Bitcoin, Gold & US Stocks
14.5.2020
Oki Matsumoto. Source: a video screenshot, Youtube, JapanSocietyNYC
The CEO of the Monex Group, a major Japanese securities company has advised investors to buy bitcoin (BTC), gold and American stocks.
In a blog post, Monex chief Oki Matsumoto stated that first-time investors would be advised...
Bitcoin Miners Revenue Plunge 48% as Halving Impact Kicks In
14.5.2020
Revenue for Bitcoin (BTC) miners plunged 48% a day following the third halving, as the full impact of the periodic supply cut event began to take effect. According to data from crypto company Blockchain, the total value of block subsidies and transaction fees paid to miners crashed to $8.95 million...
Bitcoin (BTC) Strengthens Even More; May Surpass the $10k Milestone Soon
14.5.2020
Bitcoin is most likely to cross the $10k mark before it approaches the month-end; the coin is set to knock the barriers above $9900 once again this month; can we thank the recent halving for this? The 200-day EMA line poses as a support level; the coin seems rock-solid above $9000 right now;...
Proof of Stake Alliance Talks With SEC About Blockchain Standards
14.5.2020
The Proof of Stake Alliance has engaged in dialogues with U.S. regulators regarding industry-driven standards for PoS protocols
Coinbase Says That 60% of Its Bitcoin Buyers Go Into Altcoins
14.5.2020
Major cryptoasset exchange Coinbase claims that although most of its users initially favor bitcoin (BTC), the vast majority also go on to trade altcoins and other digital assets.
In a blog post, the platform claimed,
“Among customers with at least five purchases, 60% start with bitcoin but just...
Fed Chair Blames Coronavirus, Not ‘Usual Suspects’ for Crashed Economy
14.5.2020
The latest words from Jerome Powell suggest that there is little need to address monetary policy to avoid another market crash
First Mover: As Fed Swats Down Negative Rates, Bitcoiners Wonder What If
14.5.2020
Even as Fed Chair Jerome Powell says negative interest rates are not on the cards, the remaining possibility might be rekindling traders' spirits – or at least refocusing attention on bitcoin as a hedge against inflation
Interest in Buying Bitcoin Is Highest In More Than Two Years
14.5.2020
Source: Adobe/AA+W
People have shown more interest in Bitcoin (BTC) - in what it is, as well as in buying the most popular cryptocurrency - in the period leading to the May halving than in more than two years before it, including the 2019 rally.
To get a better understanding of how popular BTC...
Bitcoin Options Market Sends Mixed Signals
14.5.2020
With the halving in Bitcoin (BTC) block subsidy now behind us, all eyes are on the BTC market, searching for signs that the reduced supply will lead to rising prices. However, there is a continued interest in bearish bets on the bitcoin options market.
As reported last week, open interest...
Bitcoin’s Price Has Bounced But Miners May Still Be Switching Off Post-Halving
14.5.2020
While bitcoin is fast reversing its pre-halving price drop, hash-rate data suggests miners are still leaving the network
Bitcoin Suddenly Drops After Filling $10K ‘Halving Dump’ Futures Gap
14.5.2020
A return to five figures was fleeting as Bitcoin filled the largest CME futures gap ever, erasing last weekend’s 15% crash
Bitcoin Rallies, Altcoins Gain Momentum
14.5.2020
After a successful close above the USD 9,000 resistance, bitcoin price gained bullish momentum. BTC/USD surged above the USD 9,200 and USD 9,400 resistance levels to move further into a positive zone (08:00 UTC). Going forward, a close above USD 9,550 might open the doors for a push towards...
Bitcoin Climbs Past $9.5K as Analysts Stress ‘Decoupling’ From Stocks
14.5.2020
A fresh surge sees BTC/USD well on its way back to $10,000 as the impact of its weekend crash continues to dissipate
Reddit’s New Blockchain Community Points Can Be Controlled ‘Just Like Bitcoin’
14.5.2020
One of the largest online networks, Reddit, has announced a new community points system based on the Ethereum blockchain
Users Are Holding $220 Million More Bitcoin Since the Halving
14.5.2020
$220 million in Bitcoin has left exchanges since the halving. Do users not trust exchanges or simply see it as a store of value?
Reddit Picks Ethereum For Its New Points, Offers 'Complete Control, Like Bitcoin'
14.5.2020
Following widespread speculation that the popular discussion forum Reddit is about to launch a new points system built on top of the Ethereum (ETH) blockchain, the forum itself has now finally confirmed a new system that allows users to “earn a piece of their favorite communities,” with the help...
2 Key Metrics Suggest Bitcoin Price is Back on the Path to $10,000
14.5.2020
Surging trading volume and a push above a key resistance hint that Bitcoin price is back en route to $10,000