Tag Archives: btcusd

The controversies surrounding Bitmain continue as recent reports have it that Jihan Wu has allegedly been involved in illegal activities, putting his wills and interests above the law.New Reports Spark More ControversyToward the end of last year, Jihan Wu, who had previously stepped down as the co-CEO of Bitmain, assumed control once again. Since then, controversy seems to be spiraling out of control.Jihan Wu. Source: MediumJust a couple of weeks ago, CryptoPotato reported that the exiled...

Bitcoin and alternative cryptocurrencies have become largely correlated over the past couple of years. Whenever there’s a serious move in the price of BTC, altcoins are almost always following the lead.A well-known startup investor and trader, Qiao Wang, took the opportunity to comment on the matter, outlining the reason for this correlation.Why Bitcoin and Alts Are Correlated?According to the specialist, the correlation between Bitcoin and alternative cryptocurrencies has a lot to do with...

Investing is a serious endeavor that requires comprehensive research, experience, and reasons behind each decision. Popular cryptocurrency proponent Brandon Quittem recently decided to list 12 reasons people should buy Bitcoin.Performance, Chaos, CuriosityQuittem firstly outlined Bitcoin’s past performance. More specifically, he referred to the last decade, where the primary cryptocurrency became the best performing asset. As CryptoPotato reported earlier, BTC marked ROI of nearly 8,900,000%,...

Binance is currently the world’s leading cryptocurrency exchange by means of the trading volume. Launched in 2017, the company has managed to become a standard in the industry quickly.Despite its fast phase growing, the giant exchange launched Binance Futures, the cryptocurrency derivatives trading platform of Binance, only in September 2019. Binance Futures allows users to trade Bitcoin and leading altcoins with leverage as high as 125x.In the months following the launch, Binance Futures...

While Bitcoin encountered lots of turbulence in the past three years, people’s perception regarding the primary cryptocurrency has improved significantly, a recent study revealed. By comparing data from 2017 and April 2020, it concluded that more people are ready to trust it over traditional financial institutions and assets, especially after the COVID-19 pandemic.2017 Vs. 2020 Millennials Love BitcoinThe Tokenist compiled the survey among nearly 5,000 participants in 17 countries. The...

Over the past two days, Bitcoin (BTC) price maintained the same $9200 – $9500 trading area that followed its price action for quite some time.Bitcoin is known for its volatility and does not tend to stay at one place for long, or trade at a tight range of 3-4% for days already.As we can see on the following 4-hour chart, the Bitcoin price is forming a giant symmetrical triangle for almost a month. This triangle apex is expected sometime in the next week; however, a breakout can occur at any...

Bitcoin recently received a notable acknowledgment from a massive global automotive brand. In a celebratory video for the 50th birthday of one of its most prominent models, the British car manufacturer Land Rover included the creation of the BTC network as a significant event in the past 50 years.Land Rover Acknowledges BitcoinHeadquartered in Coventry, the UK, Land Rover has become a globally recognizable car manufacturer with its premium and luxury sport utility vehicles. One of the most...

According to a new publication of the Federal Reserve Bank of New York, Bitcoin is not a new type of money. The authors argue that it’s a new type of exchange mechanism, capable of supporting money transfer.The well-known economist and author Peter Schiff backed up the claims, reiterating that once savers lose confidence in it, they will return to gold.Bitcoin is Not a New Type of Money, Fed SaysAccording to Bitcoin’s whitepaper, Bitcoin: A Peer-to-Peer Electronic Cash System, BTC is a...

The past 24 hours saw Bitcoin losing an important support level at $9,400. At the same time, the entire market continues to slowly bleed out, as it has been doing for the past few days.Bitcoin Price Below $9,400As CryptoPotato reported yesterday, Bitcoin continues to trade within a range between $9,200 and $9,500 for the last week, except for the wick to $9,000 on June 15th.There’s a symmetrical triangle pattern in play that emphasizes this narrow range, hinting that the price is currently...

Nomura Holdings, one of Japan’s largest financial companies, has launched a Bitcoin custodial service for traditional investors through a joint venture with hardware wallet provider Ledger and investment company CoinShares.Digital Asset Custody Solution For InstitutionsThe partners have been working together to develop the digital asset custodian dubbed Komainu since 2018, and it was officially launched on Wednesday. The venture describes itself as the first regulated digital assets custody...