Crypto news

Bitcoin Asset manager claims most firms looking to speculate on bitcoin will use derivatives market instead of the underlying asset. The market share of physical oil compared to oil derivatives plummeted when futures trading was introduced. ‘Financialization’ of bitcoin will distort its innate pricing mechanism. Don’t count on a halving pump in 2020. The tendency for bitcoin to multiply in value following regularly scheduled halving events should not be relied on in 2020.That’s according to...

Social network Commun, a fork of Steemit—a decentralized social media network that looks like Reddit, which is created on Web3 technologies base, announced it has successfully launched its mainnet for online communities.The platform is composed of Decentralized Autonomous Communities (DAC) and it is made to act as a web, Android, and iOS portal. Through this, the users can assemble different interest-based forums and groups to share, read, watch, rank, and discuss content with others.Commun...

Tezos fell by a steep 10% this week, making it the weakest performing altcoin out of the top 10 projects.Against Bitcoin, the cryptocurrency remains above strong support at 0.0002 BTC.Tezos still has surged by a total of 42% over the past three months as it climbs into the 10th ranked position.Key Support & Resistance LevelsXTZ/USDSupport:  $1.50, $1.42, $1.29.Resistance: $1.64, $1.80, $1.88.XTZ/BTC:Support: 0.000189 BTC, 0.00018 BTC, 0.000167 BTC.Resistance: 0.00022 BTC, 0.00025 BTC,...

The general sentiment among the traditional financial markets is at extremely high levels of greed, according to the Fear and Greed Index. At the same time, the chart suggests mostly fearful feelings among the cryptocurrency market, but could those emotions be an indicator of a trend reversal?Greed Sentiment In The Stock MarketThe Fear and Greed index is a popular monitoring resource that calculates various types of data to provide investors’ current sentiments towards financial instruments....

The right financial advice is the best way for anyone to join the rank of millionaires. Regardless of what your income level is, there is an ever-present need to make very smart financial decisions. This is one of the best ways to ensure bankruptcy is avoided. However, apart from simply avoiding bankruptcy, there’s a need to avoid stagnancy.Making sure that money doesn’t run out will never be enough. You have to take deliberate steps and make conscious efforts to ensure that there is...

The new Thomson Reuters tax tool is set to report cryptocurrency taxes within the crypto space. Sources indicate that Reuters GoSystem Tax RRS Products will also include a “Virtual Currency Organizer”. This will enable users of the system to file form 1040 in the United States effectively. The new tool will also serve as a central hub for all things related to cryptocurrency for the users. They include reviews on payments, hard forks, cryptocurrency exchanges and so on.Reuters in a blog post...

China is one of the world’s heavyweight countries and much of this is a deliberate effort. The country is known for its eagerness to make specific moves towards growing its economy and becoming a worthy rival of others. For example, it has made significant strides with blockchain technology and it is widely suggested that it could easily lead this sector. Now, there are specific efforts for China to rival Wall Street.China is already a force to be reckoned with politically, as well as...

Financial Technology (FinTech) has been the talk of the town this year and will continue to remain the next year as well! Big Tech companies like Google, Apple, Facebook, etc. have already pulled up their socks to grab a considerable share in the evolving financial space.Furthermore, 2019 has been a good year witnessing significant growth in awareness and exposure for FinTech startups and companies. Besides, the industry has also managed to attract massive funding for the development of...

Data shows that Bitcoin’s hashrate has just hit a new all-time high of 111 EH/s, which represents a 170.73% increase since January 1, 2019. Bitcoin Hashrate. Source: Blockchain.comHash rate measures the amount of computing power used by miners to generate new blocks every 10 minutes, keeping the Bitcoin network running at all times, a process known as mining. The increasing hashrate could suggest that the network is getting more robust and secure, as the chance for a potential attack on it...

Bitcoin has spiked this week, reaching $7,600 on Monday for the first time in almost 14 days, but quickly declined at the upper price level of $7,688.99. This step increased the profit of Bitcoins before the holidays.Investors are encouraged that now Bitcoin is approaching the $8,000 level. And there is an increasing likelihood that traditional non-crypto investors, traditional financial investors, may again begin to look at crypto. This is very important because introducing this new type of...