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Bitcoin Reverses Losses After Fed Makes Unprecedented Move


Bitcoin (BTC), major altcoins reversed losses today after the U.S. Federal Reserve announced unprecedented measures to support the economy. At pixel time (12:54 PM UTC), BTC, trades at c. USD 6,207, jumping around 5% in less than an hour. The price is up 2% in a day and 29% in a week. U.S. equity...

BitMEX Says Its BTC 35K Isurance Fund Fulfilled Its Role During Market Crash


Major crypto derivatives exchange BitMEX says that their Insurance Fund did exactly what it was supposed to during the market crash. In their latest blog post, the exchange addressed questions from the traders related to the Insurance Fund, its role during the March 12 and 13 market turbulence,...

2x Bitcoin: Wanna Double Your BTC to the Moon? Forget About It


Amid worldwide crisis and stock market turmoil, a growing number of investment schemes advertise a way to speedily double your bitcoins. Moon Bitcoin Live, for example, claims to be a licensed bitcoin doubler, promising that investors can double their bitcoins within 24 hours, with guaranteed...

Bitcoin and Altcoins Recovery Unwinds As Bears Return To Action


This week started with a fresh decrease in bitcoin after it failed to retain strength above USD 6,400 and USD 6,500. BTC/USD is currently (08:30 UTC) down close to 7% and it is now trading well below USD 6,000. It seems like the price is likely to continue lower towards the USD 5,650 and USD 5,550...

Tips for Mobile Gambling Using Bitcoin


Photo: iStock-877505906 Disclaimer: The text below is a sponsored article that was not written by Cryptonews.com journalists. ________ Cryptocurrencies are digital currencies that can be used to trade online and, in turn, keeps the trader anonymous. These type of currencies are not legal tender;...

Tim Draper on Bitcoin: Why It’s a Valuable Investment?


Tim Draper, the founder of the Draper Fisher Jurvetson and a well-known venture capitalist investor, has a very optimistic viewpoint about Bitcoin. The California born financial mogul has been talking about his buying experience of the digital currency as he reminisced that he initially planned...

Liquid Gold vs Digital Gold: Why Bitcoin Beats Oil in the Current Climate


Extreme volatility. Sudden loss of value. A purported store of value. An economic hedge. An alternative to gold. On the face of it, bitcoin and oil have a lot in common. Both markets have been buffeted by the covid-19 economic downturn, but while bitcoin has stabilized, oil keeps plummeting. What...

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