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Open Interest in Bitcoin Options Hits USD 1B as Traders Seek Insurance
8.5.2020
Open interest (OI) in bitcoin (BTC) options surpassed USD 1 billion ahead of the halving, with an exponential increase seen across all major marketplaces over the past week. Meanwhile, the bitcoin put-to-call ratio is also on the move, revealing some bearishness in the market.
Although not unusual...
Crypto Regulatory Clarity in India: The Missing Piece to Mass Adoption
8.5.2020
Regulation is one of the biggest hurdles for crypto in India as exchanges continue the legal battle to establish a clear framework
Internal Struggle at Bitcoin Mining Giant Bitmain Escalates to Physical Confrontation
8.5.2020
After Micree Ketuan Zhan, the exiled co-founder of Bitmain, moved to reinstate his position after another partial legal victory over his former employer, tensions reportedly escalated into a physical brawl
Bitcoin Gains Traction Ahead of Halving, Altcoins Struggle To Follow
8.5.2020
In the past two days, there was a steady rise in bitcoin price above the USD 9,000 and USD 9,200 resistance levels. BTC even broke the USD 9,500 resistance and spiked above USD 10,000. It is currently (08:30 UTC) correcting lower, but dips remain supported above USD 9,550 and USD 9,500.
However...
New Cryptocurrency Exchanges Launch in India as Businesses Seek Answers From RBI
8.5.2020
The Indian cryptocurrency industry has been growing rapidly despite the nationwide lockdown and the coronavirus crisis. Two new cryptocurrency trading platforms are launching in India while existing crypto businesses seek clarification from the central bank, the Reserve Bank of India (RBI)....
New Bull Market Signal? Bitcoin Bearwhale Vanishes as BTC Hits $10K
8.5.2020
The most profitable trader on Bitfinex disappeared after the Bitcoin price hit $10K in a stunning 150% rally since the Black Thursday crash
‘Perfect Wedge’ Makes $1M Bitcoin More Likely Than Ever — Raoul Pal
8.5.2020
A move to $40,000 and even higher is now easier than ever, argues the investment CEO who last month warned that “boomers are f*cked.”
Coinstar Plans Massive Expansion of Coinme Bitcoin ATMs as Usage Spikes 40%
8.5.2020
Coinstar, the coin counting kiosk maker hosting 3,500 Coinme bitcoin ATMs, is considering doubling that count after a surge in usage amid the COVID-19 pandemic
Former UFC Champion ‘Can't Sit On Sidelines Any Longer’ — Buys Bitcoin
8.5.2020
Eddie Alvarez has been convinced to buy into Bitcoin by fellow former MMA champion Ben Askren, saying that he “can’t sit on the sidelines any longer.”
Cryptoverse Has a Question to New Bitcoin Star, Paul Tudor Jones, as BTC Tests USD 10K Again
8.5.2020
Paul Tudor Jones. Source: a video screenshot, Youtube, Goldman Sachs
After legendary hedge fund manager Paul Tudor Jones made waves in the Cryptoverse with his bullish statements on Thursday, the crypto community wonders whether the investor holds physical bitcoin (BTC) that just spiked above...
This Bitcoin Halving Is Different, Crypto Valley Experts Agree
8.5.2020
A group of eight Crypto Valley experts says the upcoming Bitcoin halving will be very different from those in the past
3 Reasons Some Top Traders Expect Bitcoin Price to Hit $15K in Q3 2020
8.5.2020
Bitcoin price completed a V-shape recovery to $10,000 as crypto traders expect it to reach $15,000 in Q3 2020
Bitcoin Cash DeFi Startup Raises $1 Million in Seed Round
8.5.2020
Bitcoin Cash startup General Protocols has raised more than $1 Million for its DeFi vision
One of Bitcoin’s Earliest Miners Is Dedicating $66M in Crypto to a Fund of Funds
8.5.2020
Bixin, one of the earliest bitcoin miner operators and wallet startups, is dedicating 6600 bitcoin, worth $66 million, to a new fund of funds
As Bitcoin Tests $10K, Experts Answer: ‘Where to From Here?’
8.5.2020
With Bitcoin rallying to test $10,000, Cointelegraph reached out to several top crypto analysts to get their take on what the halving means for Bitcoin’s price
Square’s Cash App Reports BTC Quarterly Revenue Exceeds Fiat’s, Soaring 367% to $306 Million
8.5.2020
Square’s Cash App reported Wednesday, that bitcoin (BTC) revenue during the first quarter of the year, soared 367% to $306 million from $65 million a year ago. Quarter-on-quarter, the figure is up 71%. The increase is thanks “to growth in the number of active bitcoin customers, as well...
Bitcoin Price Touches $10K Amid 2020’s Macroeconomic Storm and Covid-19 Fears
8.5.2020
On May 7, 2020, the price of a single bitcoin crossed $10,000 per unit in USD value as the network only has four days until the halving, otherwise known as the “quantitative hardening” by some investors. The cryptocurrency’s per annum inflation rate will drop from 3.6% to 1.8%...
Bitcoin Hits $10K — Paul Tudor Jones Buys BTC Comparing it to Gold
8.5.2020
With only 4 days left until the halving, Bitcoin price rose to $10,000, making a 160% gain since Black Thursday
Bitcoin Breaches $10K for First Time Since February
8.5.2020
Bitcoin's price has broken the $10,000 barrier just days before its next halving
Zcash Researchers Discover Criminals Are Laughably Unskilled at Using Crypto
8.5.2020
Rand Corporation unveiled a study that found a widespread lack of knowledge towards Zcash from dark web criminals