Cryptocurrency prices wavered on Wednesday following the biggest 24-hour devaluation in months, leaving little guarantee of a swift recovery in the near term.For Ethereum (ETH), the grind lower has been much more extreme when valued against bitcoin (BTC). While the ETH/BTC exchange rate has been in recovery throughout September, the year-to-date picture is grim. How ether performs relative to the 'king of cryptocurrencies' offers eye-opening insights into the broader altcoin market.Crypto...
Read More »Thomas Lee: Bitcoin Price Cannot ‘Blast Off’ Without Record S&P 500
As the bitcoin price languishes at $8,300, down more than 12% on the day, Fundstrat Co-Founder Thomas Lee has an unfortunate truth for crypto bulls. Lee does not believe bitcoin is a safe haven; in fact, quite the opposite as he forecasts that the S&P 500 will need to hit fresh highs this year before BTC can.S&P 500 May Be Bitcoin Price's Key FundamentalThe fundamental reasoning behind the strategist's claim is sound. He and his team at Fundstrat believe that retail investors, not...
Read More »How Wall Street Could Be Bitcoin’s Biggest Financial Friend
With bitcoin’s recent fall into the $8,000 range it appears the currency has an unlikely friend… Wall Street. What Wall Street Is Doing for BTCThat’s right. The arena of big banks and stock players is working hard to develop ways for bitcoin to avoid volatility. As of late, many reports have emerged stating that the currency is experiencing its lowest volatility in months. That all changed yesterday when it seemingly lost more than $1,000 in value in just a matter of minutes, but prior, the...
Read More »Why Bitcoin Imploded & Where Experts Say BTC Goes Next
Yesterday's catastrophic market implosion thrust the bitcoin price into a devastating 17% downward spiral that saw it dive as low as $8,000 before stabilizing.Once the bleeding finally stopped, crypto investors were left with two paralyzing questions: what happened, and where does bitcoin go from here?Diagnosing Bitcoin's Brutal PlungeBTC/USD cascading amid a market sell-off | Source: TradingviewJaded investors got what they wished for Tuesday as volatility washed over bitcoin and the broader...
Read More »Gurnd für den Bitcoin Crash? Behörden versteigern 650 Bitcoins!
Wilsons Auctions Exakt zum Start von Bakkt und der grössten Finanzmesse SIBOS in London kommen Bitcoins auf den Markt: Bitcoins im Gesamtwert von sage und schreibe 662’000 US-Dollar sollen von den Behörden der UK versteigert werden. Diese wurden von einem Cyber-Verbrecher beschlagnahmt, der sich unbefugten Zugang zu personenbezogenen Daten verschafft hatte, um diese...
Read More »Venezuela: Bitcoin als Werkzeug gegen humanitäre Krisen
Ein Venezolanischer Bolívar ist weniger Wert als ein Satoshi. Am 20. August 2018 wurde ein weiterer Währungsschnitt im Verhältnis 1:100.000 durchgeführt. Hierzu wurde zur Unterscheidung die Bezeichnung Bolívar soberano verwendet. Aber mittlerweile zeigt nicht mal mehr Google den Wechselkurs an, da diese Währung praktisch nur noch auf dem Schwarzmarkt getauscht werden kann....
Read More »What Could Have Made Bitcoin Sink So Dramatically?
Well, after yesterday’s crypto bloodbath, probably the biggest thing enthusiasts and traders are asking themselves is, “What the heck could have made bitcoin and its altcoin cousins fall so badly like that?”Bitcoin and Crypto Falls HeavilyBitcoin, with virtually no signs whatsoever, lost more than $1,000 in just a matter of minutes, falling from about $9,480 at this time yesterday to roughly $8,110. By the mid-afternoon, the currency had jumped back up to $8,600, but at press time, it has...
Read More »Savedroid: 40 Millionen ICO macht gerademal 65 Euro Provisionsgewinn
Das zwischenzeitliche "Fintech des Jahres 2017" hat im kompletten darauffolgenden Geschäftsjahr testierte Provisionserträge in Höhe von insgesamt 65.42 Euro erzielt. Einmal mehr zeigt sich: Die Firmen die das Fundraising in Perfektion beherrschen, haben oft keine (praktische) Ahnung vom Geld verdienen. Das deutsche Fintech des Jahres 2017 namens Savedroid konnte im letzten Geschäftsjahr gerade einmal 65,42 € Provisionserträge erzielen....
Read More »The 5 Biggest Losers of Tuesday’s Crypto Carnage
The massive triangle that formed in Bitcoin since late June finally resolved itself on Tuesday as the flagship crypto nosedived toward the $8000 handle.Bitcoin typically leads the market and altcoins were in no mood to buck the trend as a massive exodus ensued coinciding with a less than stellar Bakkt launch.So who are the biggest losers from the carnage? We decided to take a look at the top 5 major cap fallers and to separate the riff from the raff, we filtered coins with a market...
Read More »Potentially-Discounted Bitcoin Up for Auction by U.K. Police
For the first time in the nation's history, United Kingdom police will auction off approximately $662,000 in criminally-confiscated bitcoin (BTC).The seized BTC will be auctioned off by Wilsons Auctions — starting Wednesday — on behalf of U.K. authorities. The Ireland-based auction house will reportedly sell all of the bitcoin to the highest bidders and has not set any reserves.The confiscated coins, themselves, were seized by the Eastern Region Special Operations Unit (ERSOU) from a criminal...
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