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BitMEX Open Interest Collapses After Controversial Long Squeeze
24.3.2020
Open interest in XBT/USD on BitMEX has crashed by over 50 percent from 115,000 BTC to 55,000 BTC over the past 12 days
Shelter-in-Place for Cash? 2 Bills Submitted by US Congress Mention ‘Digital Dollars’
24.3.2020
During the last few days, members of the U.S. Congress have been trying to pen a stimulus plan to help the American economy. Since then, a few bills have been submitted by representatives and two particular proposals House democrats have tabled talk about a “digital dollar”...
Bitcoin’s Approaching ‘Halving,’ Explained
24.3.2020
In May 2020, Bitcoin’s third “halving” will take place. Here’s what you need to know about the most hotly anticipated cryptocurrency event of the year
‘Only Fools are Choosing Bitcoin’ Says Gold Bug Peter Schiff
24.3.2020
Gold bug Peter Schiff said that only fools choose Bitcoin, and pointed to gold as the better investment alternative
#NotDying4WallStreet – Twitter Trends Show People Are Fed Up With Wall Street, Banks and Oligarchs
24.3.2020
As the coronavirus outbreak causes havoc to the world economy, the U.S. is trying to prepare for the onslaught of new cases. U.S. politicians crafted shelter-in-place orders in various states and shut down a decent fraction of American industries. Now politicians are penning an enormous bailout...
Bitcoin News Roundup for March 24, 2020
24.3.2020
Will the US launch a digital dollar? And what happens to racers when they can't race? Find out on CoinDesk's Markets Daily podcast
Why India Has the Potential to Lead the P2P Finance Revolution
24.3.2020
The crypto space in India could dramatically change in the near future, placing the country among the world’s top fintech leaders
Bitcoin Price Gains 7% in 24 Hours as Wall Street Bets on $2T Bailout
24.3.2020
Bitcoin traders are in no mood for optimism yet, despite markets moving higher on the hopes of coronavirus bailouts
YouTube Scam Impersonates Ripple CEO Garlinghouse for Fake XRP Airdrop
24.3.2020
Bogus YouTube account exposes a fake XRP airdrop scam to over 270,000 subscribers, impersonates Ripple CEO Brad Garlinghouse
Russian Ministry Wants to Test Crypto and Blockchain in Regulatory Sandboxes
24.3.2020
Russia’s Ministry of Economic Development is preparing a draft law to allow firms from various industries to experiment with crypto and blockchain in a regulatory sandbox
Bitcoin Likely to Turn Up as a Safe Haven Amidst Global Crisis
24.3.2020
Bitcoin, at the time writing, was trading around $6,600 after retreating by $1000 since yesterday, until the time of writing BTC has regained support from the daily Moving Averages as we see steady intermittent uptrends over the past 10 days Impressively, the Bitcoin price trend has been moving...
Crypto Mining Crunch Time – Bitcoin Halving Less Than 50 Days Away While Global Economy Shudders
24.3.2020
On or around May 13, the BTC network will see a block reward reduction as miners will go from getting 12.5 coins per block to 6.25 coins following the halving. The last time the protocol’s block reward halved was on July 9, 2016, and the global economy looked a whole lot different back then....
Is Bitcoin Becoming an Alternative For Wall Street Investors?
24.3.2020
Following the last few weeks carnage in the financial markets, bitcoin (BTC) may be starting to look like a viable alternative for some of the capital that is leaving Wall Street.
A “decoupling” of bitcoin prices from the broader financial system is something many community members have called...
Peter Brandt: Precious Metals, Gold and Bitcoin Should Be Viewed as Insurance Policies
24.3.2020
Renowned financial analyst Peter Brandt tweeted on Monday that, in his opinion, people should consider gold and Bitcoin as “catastrophic insurance policies.” He further added that these assets must be treated as policies for which premium is paid, but people hope that they are never needed....
Mt. Gox Creditors to Meet Tomorrow As Reimbursement Process Inches Forward
24.3.2020
With creditors and investors still awaiting reimbursement, Mt. Gox creditors are due to meet for the fourth time tomorrow
Bitcoin Marches on $7K as Traditional Markets Cheer Fed’s QE Bazooka
24.3.2020
Bitcoin looks on track to test $7,000 soon, as the stock markets are rising with the Federal Reserve's open-ended easing plan
Russian Economy Ministry ‘Wants to Legalize Crypto’ in Sandboxes
24.3.2020
Russia could be set to legalize cryptocurrencies for companies and investors operating in new, industry 4.0-friendly regulatory sandboxes.
Per news outlet Izvestia, the country’s Ministry of Economic Development wants to add a range of new provisos to sandbox-related legislation submitted last week...
Bitcoin and Altcoins Gaining Bullish Momentum
24.3.2020
After testing the USD 6,000 support area, bitcoin price started a fresh increase. BTC/USD gained bullish momentum and surged above the USD 6,400 and USD 6,500 resistance levels. The current (08:30 UTC) price action is positive and it could continue to rise towards the USD 6,800 and USD 7,000...
Bitcoin Price Eyeing $7,000 After Fed Says it Has ‘Infinite Cash’
24.3.2020
The Federal Reserve has now begun saying its cash is “infinite” as money printing takes on unprecedented new levels and Bitcoin profits
Alleged Operators of $722M Crypto Scheme Seek Jail Release Amid COVID-19 Fears
24.3.2020
The accused scammers’ lawyers have identified several health and safety concerns at the facility