Tag Archives: btcusd

The death of George Floyd at the hands of Minneapolis police ignited a series of widespread riots throughout the United States. With more than 25 cities in lockdown, protesters and the police continue their violent clash.People are protesting against supposed police brutality in a manner that’s everything but civil. Stores are being looted, and buildings burned as the protest against the system escalates. Amid all this, Changpeng Zhao, the CEO of Binance, pointed out one simple yet undeniable...

Renowned pop-star music video director Joseph Kahn recently revealed that trading cryptocurrencies has been his hobby for the last month.World-Famous Video Director Says He Is Trading CryptoIn a recent post on his personal Twitter profile, Kahn shared that he has been into his new hobby for a month now, and is even already making small profits of about $2 to $3 at a time, gaining a grand total of $450. Despite earning relatively small earnings, the video director says he is genuinely open to...

Cryptocurrency analyst and creator of Bitcoin’s stock-to-flow model, PlanB, recently noted that an indicator that historically precedes bullish momentum according to his model has now flashed. Per his initial prediction, the asset is targeting a total market cap of $1 trillion in the next few years.Bitcoin’s S2F ModelThe stock-to-flow model became an instant favorite among Bitcoin investors, mainly because of the optimistic forecast it makes. Namely, PlanB’s model suggests that the asset will...

Bitmain officially launched sales for its Antminer T19, a new Bitcoin mining ASIC designed to produce a hash rate of 84 TH/s ± 3% and power efficiency of 37.5 J/TH ± 5%. The Antminer T19 has technology that bears similarity to the custom-built chips found in the higher end Antminer S19 and S19 Pro, albeit at a lower price point.Bitmain’s Previous Product LinesCompared with the previous Antminer T17, which consumers were able to receive partial price adjustment refunds on for those shipped...

Popular Bitcoin proponent and educator Andreas Antonopoulos believes that the current drops in oil prices will benefit some BTC miners. In a video on his YouTube channel, he outlined that miners in the recently opened Bitmain facility in Texas could be the biggest beneficiaries.Oil Prices To Affect BTC MiningThe sudden outbreak of the COVID-19 pandemic started a domino effect on world economies. Nationwide lockdowns – meaning less traveling and movement – prompted less oil consumption. At the...

After fighting a legal case for two years, America’s largest bank, JPMorgan Chase will pay $2.5 million to settle a class-action lawsuit over extra fees on cryptocurrency purchases. In 2018, the plaintiffs – Brady Tucker, Ryan Hilton, and Stanton Smith – filed the lawsuit against JPMorgan in a Manhattan federal court, accusing the bank of charging customers additional fees in the form of cash advances for crypto purchases made with Chase credit cards.  JPMorgan Secretly Updated T&CThe...

Over the past days, the Bitcoin price is seeing only one direction, which is in favor of the Bulls. The coin that was trading for $8600 just five days ago is now aiming to re-target the $10K mark. However, will it be so easy?On our most recent BTC analysis from Friday, we pointed out a critical descending trend-line, which started forming once Bitcoin reached the $10K mark for the first time this month (May 7).On both the 4-hour and the following daily chart, you can see this line marked by...

The University of Sussex recently published a paper regarding the performance of Bitcoin and gold during the COVID-19 pandemic. The research team behind the project believes that both assets failed to serve as safe-havens, primarily because of significant market manipulations.Bitcoin And Gold Failed In The 2020 Crisis?The sudden outbreak of the COVID-19 pandemic earlier this year prompted numerous disturbances in everyday life and in financial markets. March alone was among the worst trading...

Fraudulent projects within the cryptocurrency field are occurring rather often, and the latest one comes in the form of Bitgrin (XBG), according to a recent report. It reads that the project creator has minted 5 billion tokens while advertising that the total supply is capped at 21 million.Bitgrin’s Creator Scammed Investors?Bitgrin launched as a fork of Grin and advertised itself as a “magically private cryptocurrency.” Interestingly, it has similarities with Bitcoin as both are set to have...

Bitcoin investors have been transferring their assets outside of specific exchanges lately, new data shows. Ultimately, the BTC balance on platforms has reached its lowest point in over a year by decreasing with more than 320,000 coins since Black Thursday.Bitcoin HODLers Mentality On The RiseDuring the notorious Black Thursday event in March, when most cryptocurrency assets lost substantial portions of their value, investors – especially short-term holders – transferred sizeable shares of...