Tag Archives: btcusd

Having suffered losses due to the COVID-19 led market onslaught, both Bitcoin and the United States stock market have had a good month. However, one analyst has pointed out how Bitcoin’s recovery has been entirely driven by market forces, while stocks have been rallying on the back of government intervention. Bitcoin Recovered Without External Intervention “Take a step back [to] think about how $BTC has almost completely recovered from the 50% drop in March. No limit down or trading halted,...

The real identity of Satoshi Nakamoto, the anonymous creator of Bitcoin (BTC), remains one of the unsolved mysteries in the cryptocurrency industry. However, a recently discovered email from 1999 suggests that Nakamoto might have spent ten years to implement his idea of a peer-to-peer electronic cash system.  The 200-words email, which was shared by Blockstream CEO Adam Back, is similar to the modern Bitcoin’s idealogy, including the anonymity of the creator. This perhaps suggests that it...

Bitnomial is the latest cryptocurrency exchange to receive the green light from the US Commodity Futures Trading Commission (CFTC) for offering US Bitcoin futures and options as designated contract markets (DCM). Announced on April 20, the derivatives contracts are to be margined and physically delivered, which means that traders will get Bitcoins after the final settlement of the contract. User Acceptance Testing Scheduled For This Month Even though the launch date of derivatives trading is...

Prominent American economist and full-time Bitcoin slammer, Peter Schiff, used the recent oil slumps to bash against the primary cryptocurrency. He believes that the events have still not validated Bitcoin as an asset class, but that the downside risk it provides is “only” 100%. Schiff: BTC’s Risk Is Limited To 100% It seems today that Schiff, the CEO, and CGS of Euro Pacific Capital, uses almost all current economic events as an opportunity to talk down the largest cryptocurrency by market...

The current crisis, largely induced by the unexpected spread of the novel coronavirus (COVID-19), took its toll on oil prices. For the first time in history, crude oil trades below zero, meaning that producers are paying the buyers for disposing of their supplies. While this is undoubtedly an event to be remembered, it’s unlikely that this will have a severe impact on Bitcoin’s price. Crude Oil Prices Tank Below $0 Benchmark US crude oil prices sank to below $0 on Monday for the first time...

Just days after stealing $25 million from the Chinese DeFi protocol dForce, the attacker has returned almost all the funds. The unexpected events occurred after compelling transactions carrying several memos, contact email exchanges, and pleads from people. dForce Hacker Returns The Assets As Cryptopotato reported over the weekend, a hacker exploited the popular DeFi protocol – dForce Network. The attacker managed to drain all $25 million worth of crypto assets from its lending solution...

Amid lockdowns prompted by the spread of the novel coronavirus, Russian citizens have withdrawn more cash from banks and ATMs since the start of March, than they did in the whole of 2019. A report reasoned that people are afraid that banks may not function during the quarantine. For Russians, Cash Is Still King According to a recent report, Russians withdrew about 1 trillion rubles ($13.6b) from cash machines and bank branches since the start of March. This is more than the total amount...

An Asian asset management company has successfully cleared licensing conditions with Honk Kong’s Securities and Futures Commission regarding a Bitcoin fund. It now aims to surpass $100 million in assets under management (AUM) in its first year. The First Regulated Bitcoin Fund in Hong Kong Venture Smart Asia is an Asian asset management company, and its blockchain arm, Arrano Capital, became the first asset manager to successfully clear licensing conditions with the Securities and Futures...

The popular cryptocurrency data aggregator, CoinGecko, reviewed the events in the digital asset market in Q1 2020. According to the report shared with CryptoPotato, Bitcoin ultimately ended up losing 11% of its value, but some altcoins and stablecoins managed to record gains and decreased BTC’s dominance.  Bitcoin’s Q1 Data The unexpected outbreak of the COVID-19 pandemic put pressure on most financial markets, including cryptocurrencies. With the violent price fluctuations in Q1 2020, most...

Over the past days since Thursday, we saw Bitcoin safely trading about the $7000 mark. During last Thursday, Bitcoin surged to over $7K, breaking above the critical 50-days moving average line (marked pink on the following daily chart). Since then, and together with the bullish wind form Wall Street (3% gains on Friday), Bitcoin topped at $7306 (Bitstamp) as of yesterday. Over the past hours, Bitcoin is having a small correction below $7200. However, the critical area from below is still the...