Tag Archives: btcusd

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Amid lockdowns prompted by the spread of the novel coronavirus, Russian citizens have withdrawn more cash from banks and ATMs since the start of March, than they did in the whole of 2019.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...

At the time of this writing, Bitcoin is trading at $7,230 with $32.46B volume and a $132.56B market cap after trading below $7,000.00 for most of the past week. Those who have been “long the dip” when it hit the $4,000’s market have already almost doubled their money. The question remains to be seen as to what the weeks that lie ahead predict for the price of Bitcoin and whether or not the bottom is already in. Has Bitcoin Already Bottomed? With the impacts that COVID-19 had initially,...

In less than a month, the third Bitcoin block halving, arguably the most anticipated event in the crypto space as of now, will take place. After the halving, the reward that miners receive for verifying transactions and maintaining the Bitcoin network will be cut in half. In theory, the price of Bitcoin should increase after rewards divvy up, as it means Bitcoin will become even scarcer. Recall these mining rewards are the way new Bitcoin is created, and cutting them in half means that new...

The total value transferred on the Ethereum network reached full parity with Bitcoin last week. It’s mainly due to the increasing role of stablecoins in the market as they are responsible for 80% of all transactions on the Ethereum blockchain. Ethereum Network Transfer Value Parity With Bitcoin A publication revealed by Ryan Watkins, a researcher in the cryptocurrency intelligence firm Messari, showcased the comparison in transferred value on Ethereum and Bitcoin. Transferred Value On...

FTX derivatives exchange launched early 2019 with more than $400 million worth of daily trading volume, has recently announced plans for a new product: the BVOL tokens, which will be available to non-U.S. users. The new tokens are ERC20-based tokens that attempt to track the volatility of the crypto markets through exposure to the FTX MOVE contracts that represent the absolute value of the amount Bitcoin (BTC) moves over daily, weekly and quarterly periods. The new tokens aim to become the...

The time until Bitcoin’s halving is slipping away as there are now less than 25 days until the long-awaited event. It will slash the block reward in half and miners and reduce the overall supply of freshly minted bitcoins on the market. According to many, and to history, this is a major bullish catalyst for Bitcoin’s price. After a week of rollercoaster rides, the price for the largest cryptocurrency has once again returned over $7,000. From a low of around $6,550, Bitcoin’s price surged...