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$600M Shorts Liquidated as Bitcoin Skyrockets to $21K

In one of its most impressive rallies in about a year, bitcoin skyrocketed by double digits, charting a two-month high above $21,000. Most alternative coins have followed suit, resulting in over $650 million in liquidations on a 24-hour scale, the majority of which were from short positions. It’s safe to say that the start of the year has been quite favorable for the cryptocurrency market. Bitcoin, for one, stood around $16,500 on January 1. After a quiet first few days, it...

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Warren Buffett: Forget Gold and BTC, Invest in Stocks!

Warren Buffett is telling all his followers that buying bitcoin or gold during times of war is a terrible mistake. He is telling them all to avoid these assets and to avoid hoarding cash and to put all their money into stocks, as these are the only safe assets that can assuredly build wealth in the long-term. Warren Buffett: Stocks Are the Only Answer Buffett has never been a big bitcoin fan. He has often referred to it as “rat poison squared” and applied other...

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India’s Shaktikanta Das: Crypto Should Be “Prohibited”

Shaktikanta Das – the governor of India’s central bank – says that the 2008 financial crisis could happen all over again if people don’t start cracking down on the world’s leading digital currencies. He says another financial disaster is right around the corner, and a lot of it will likely be attributed to bitcoin and its altcoin cousins. Shaktikanta Das Is Not a Crypto Fan In a recent interview, Das said: Our view is that it should be prohibited because if you try to...

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The History of the Change in the Price of the CRV Token

The Curve platform was founded in 2020 as an automated market making exchange for traders with the focus on stablecoins – crypto backed by fiat currencies like US dollar. This approach helps Curve traders generate income from lending protocols avoiding high-volatile assets. The platform is aimed at providing stability while avoiding speculation and highly volatile coins. The main advantages of Curve: low commissions; loe slippage; smart contracts. Liquidity providers...

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Bitcoin-Preis: Bitcoin Miner kaufen Bitcoin

Gemäss einer viel diskutierten Grafik sieht es so aus, als fangen die Bitcoin-Miner an, selber Bitcoin zu kaufen. Das ist ziemlich interessant, denn eigentlich verkaufen die Miner ja ihre neuen Coins. Wie aus der Grafik von Glassnode hervorgeht, kaufen die Miner mit ihren Accounts bei den grossen Bitcoin-Börsen der Welt nun selber Bitcoin. Wenn sich selbst die Miner nun mit Bitcoins eindecken, kann das heissen, das der Bitcoin-Preis steigen wird. Überhaupt, der Bitcoin-Markt ist ziemlich...

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Bitcoin Cash Analysis: Rally Could Extend Above $125

Bitcoin cash started a decent increase above the $105 and $108 resistance levels against the US Dollar. The price is now trading above the $110 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $112 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $122 and $125 to continue higher in the near term. Bitcoin cash price is climbing above $112 against the US Dollar, similar to...

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Bitcoin Soars to $19,000 Amid $380 Million in Liquidations

Bitcoin has returned to $19,000 for the first time since October, soaring beyond its low trading range established after FTX’s collapse. The move has many on crypto twitter calling for a new bull market – though some believe it’s a bull trap.  Bitcoin traded for $17,911 early on Thursday, experiencing some volatility after December’s CPI inflation clocked in at 6.5%.  The asset pumped by roughly $1000 at about 17:35 UTC, and has maintained its elevated price level since then....

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SBF Breaks Silence During Home Arrest; Gives Details on FTX (In)solvency

Sam Bankman-Fried (SBF) has released a written statement detailing his account of FTX and Alameda Research’s collapse, including approximations of each firm’s financials before it took place.  The former CEO maintains that FTX could have made customers “substantially whole” within a few weeks, had he not been pressured to file for bankruptcy.  The Pre-Mortem The document, titled “FTX Pre-Mortem Overview,” began by pinning Alameda’s collapse on three causes. These included a...

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