Tag Archives: btcusd

Global retailer Overstock has filed for a dismissal of a lawsuit that alleges the company is misrepresenting a “digital dividend” token to its shareholders.Accused On Misleading Information To ShareholdersThe online retailer Overstock has been among the firms that adopted and advocated Bitcoin early on. Now the company is caught in a legal battle, accused of spreading misleading information in representing the essence of its new digital token to its shareholders.The so-called OSTKO security...

With the third-ever Bitcoin halving in the history books, the price of the asset is reacting by a notable 13% surge. As a result, the number of profitable days of holding the primary cryptocurrency has increased to over 93%, according to a data monitoring website.Almost All BTC Positions Are In ProfitBitcoin’s halving historically attracts a lot of attention. This one was no exception. While there were a lot of predictions that the price would tumble mainly because of miner-induced selling...

The Bitcoin halving event took place on May 11, three days ago. As expected, that day was volatile to both sides, but the bottom line was that Bitcoin maintained the crucial support zone around the $8K mark.The latter includes the significant 200-days moving average line (marked light green on the following daily chart), together with a mid-term ascending trend-line.The day following the halving was calm… very calm. It was actually ‘the calm before the storm.’ Since yesterday, Bitcoin fired...

Bitcoin had a very lucrative few days of trading as its price increased with roughly $1,000 since the halving took place. As it pushed above $9,500 today and its dominance increased, however, large-cap altcoins continue to suffer and fail to claim serious ground.Bitcoin Price Pushes Above $9,500At the time of this writing, Bitcoin’s price is pushing above $9,566 and it reached a daily high of $9,590 on Binance. The cryptocurrency started pushing hard last night as it took down important...

Bitcoin’s halving is behind us, and its price is nothing but soaring. Moreover, BTC is surging while legacy markets continue their downturn, strengthening the narrative that the cryptocurrency keeps on decoupling.Bitcoin Price Soars 9% in Less Than Three DaysBitcoin’s halving took place a little more than 48 hours ago. At the time, BTC was trading at around $8,550, and it currently changes hands at over $9,300, while the current daily high touched $9400 on Bitstamp. This marks an increase of...

Phemex, a cryptocurrency exchange, has launched a premium membership program that allows zero-fee spot trading starting from May 15th, 2020. Users will be able to trade as much as they want without incurring additional fees as long as they purchase a Premium membership.. Moreover, all current users of the exchange will receive a 7-day Premium membership trial. Zero-Fee Cryptocurrency Spot TradingPhemex exchange is the first one in the derivatives and spot market to offer zero-fee trading on...

According to a recent report, the New York Digital Investment Group (NYDIG) has sold nearly $140 million in a little-known Bitcoin fund. Formally called NYDIG Bitcoin Yield Enhancement Fund LP, it’s described as a pooled investment fund that began selling just last week.Bitcoin Fund Selling $140MPer the report from Forbes, NYDIG, which previously received a BitLicense from the state of New York in 2018, disclosed selling nearly $140 million in the previously unknown fund in a Form D filing...

The self-proclaimed Satoshi Nakamoto, Craig Wright, took the opportunity to publish a blog post on May 11, the day of the third Bitcoin halving, to warn his opponents in the Bitcoin space and beyond that, the axe is now in his hand – and it’s about to fall hard.The Axe Swings for TheeThat’s according to Wright’s latest rant titled, How the World Works; or, A Discourse on Fake News, in which he takes swings at Bitcoin, crypto YouTubers, John McAfee, Ira Kleiman, the “fake news” media, and much...

Peter Schiff’s blind skepticism toward Bitcoin would be better applied to the mainstream media. The self-professed ‘gold-bug’ and vocal Bitcoin critic speculated that cryptocurrency advocates would be eagerly anticipating Paul Tudor Jones’ appearance on CNBC on May 11.Schiff said Bitcoiners would be hoping for a price pump, following revelations that the hedge fund manager recently revealed he had bought into Bitcoin.Schiff tweeted:“It looks like #Bitcoin pumpers are front-running the Paul...

The American multinational investment bank, JPMorgan, has taken two popular cryptocurrency exchanges as banking customers. According to a recent report, the giant bank has approved Coinbase and Gemini in April, and transactions are starting to be processed now.Cryptocurrency Adoption From JPMorganPer a Wall Street Journal report from today, JPMorgan Chase & Co has started accepting clients from the cryptocurrency industry. The bank has approved the largest US-based exchange with over 30...