Crypto news

BSV “flash dump” may occur soon. Is it time to short BSV? Crypto volatility is back, baby! While 2020 is scheduled to be the year bitcoin blows-up, it seems a few traders didn’t get the memo—opting instead to pump derivative rival, Bitcoin SV. The bitcoin cash spin-off has posted a 291% year to date increase, but has its luck run dry? Is BSV about to come collapsing down? And is it time to go short? That’s the opinion of most BSV critics today, of which there seems to...

Could a bitcoin exchange-traded fund (ETF) finally arrive in 2020? According to ETF Trends CEO Tom Lydon, there is a 60 percent chance that such a product could come about this year.Tom Lydon: A Bitcoin ETF Has a Good Chance in 2020In a recent interview, Lydon explained that there are many things happening in 2020 that could potentially lead to the birth of a bitcoin ETF. For one thing, the Securities and Exchange Commission (SEC) has recently approved a new bitcoin fund via the NYDIG Bitcoin...

According to recent buzz on Twitter, one of the biggest names in the crypto-industry, Michael Novogratz, is speaking up and questioning the biggest price shift made by altcoins yet this year, raising a red flag for crypto-enthusiasts everywhere.Michael Novogratz is the CEO of U.S.-based Galaxy Digital Holdings Ltd, a limited partner of Galaxy Digital LP, a merchant banking institution focused on digital assets and blockchain technology.The crypto mogul recently spoke out via tweet about this...

Tom Lee, a senior analyst at Fundstrat, is at it again and predicting bitcoin’s price despite claiming at the end of 2018 that he would never try to predict where bitcoin would go again.Tom Lee: Bitcoin Will Double Its Current PriceThis time, however, Lee seems a little more on the mark. At the time of writing, bitcoin is trading for just over $8,600, a $1,700 increase from where it stood just 12 days ago. Lee comments that 2020 is likely to end the year with bitcoin doubling its present...

The situation in Lebanon just got intense as the Western Asian country is currently facing what appears to be its worst economic crisis since the end of its civil war in 1990.Reports from international news media, France 24, today revealed that angry protesters launched a night-time attack on several banks in the Beirut, the capital city and commercial hub of Lebanon, after a brief lull in the past weeks.The demonstrators were fiercer in their renewed rallies as they attacked the district of...

Multinational payment remittance platform MoneyGram has announced a partnership with the EbixCash network, to expand Moneygram’s presence in India. The partnership was announced in an official MoneyGram news release published on Monday, Jan. 13.The press release states that EbixCash is a wholly-owned subsidiary of Ebix, Inc. The latter is an international supplier of application software products, based in Atlanta, Georgia. Starting immediately, EbixCash will be exclusively responsible for...

Bitcoin (BTC), the world’s number one cryptocurrency by market cap, is exploding at the time of writing, and has shot up past the $8,800 mark.Bitcoin Is Heading for Bigger and Better HeightsThis, by itself, is a vast improvement over where the asset stood yesterday morning, which was $8,500. That means that bitcoin has improved by well over $300 in less than a day. Perhaps people like Sonny Singh of Bit Pay, Tim Draper, Ross Ulbricht and Charles Hoskinson all had a point to their...

Bitcoin SV creator says Kleiman estate will find nothing in the 16,000-plus document cache he submitted to courts on Jan. 14. Court filing confirms that no new information came to light regarding a bonded courier, or the private keys to Satoshi’s fortune. Wright said 2020 would be the year when reality comes back to bite those who pushed the ‘Aussie Man Bad’ narrative. Creator of Bitcoin SV, Craig S Wright, revealed to CCN that the Kleiman estate will get nothing,...

Dash gains 62% in a matter of hours early on Wednesday morning. Highest coin price recorded for the cryptocurrency since July 2017. CoinMarketCap reports an incredulous 2.2 trillion in trade volume. The cryptocurrency Dash returned to prominence on Wednesday after a sizable 62% growth surge over a matter of hours. On Tuesday afternoon, one unit of Dash was seen trading at a price of $80.56. By shortly after midnight, its value had ballooned to $130.96, before falling...

During yesterday’s turbulent price movements, most cryptocurrency exchanges recorded notable 24-hour Bitcoin on-chain flows. The Chinese-based Huobi stands above all in terms of inflow with $157M and only $78M out.Huobi’s Impressive 24H InflowsThe popular monitoring resource, TokenAnalyst, examined the 24-hour Bitcoin on-chain inflows and outflows of eight of the most popular cryptocurrency exchanges. According to the report, Huobi’s inflow outperforms dramatically every other exchange and is...