Tag Archives: btcusd

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...

Bitcoin Bitcoin saw a small 2.6% price increase from where it was trading seven days ago. However, it had dropped substantially throughout the week. The cryptocurrency fell beneath support at the rising trend line to find additional support at the $6,447 level (short term .618 Fib Retracement). From here, Bitcoin rebounded yesterday to climb back above the $7,000 level where it currently trades. Looking ahead, the first level of resistance lies at $7,200 (bearish .5 Fib Retracement). Above...

Bitcoin saw a notable increase in its price yesterday, conquering the $7,000 level, and it did a good job staying above so far. Meanwhile, the futures on legacy markets are also in the green, as news broke out that the Gilead coronavirus drug supposedly shows effectiveness. Bitcoin Price Above $7,000 As Cryptopotato reported yesterday, Bitcoin marked a steady increase upwards of $550 in 90 minutes to surge over $7,000. At the time of this writing, the cryptocurrency is trading just shy of...

Andrew Yang, an American politician, part of the Democratic Party and a former runner for the 2020 US Presidential Elections, voiced his concerns with the current stimulus package that the country rolled out. According to him, the amount sent to people should be higher. Andrew Yang Calls For $2,000 Per Month Stimulus A recent report revealed that the first stimulus package in the US is already underway. Supposedly, 80 million Americans are about to receive a one-time payment of up to $1,200...

YouTube continues to restrict, and outright ban accounts, producing cryptocurrency-related content. In its latest strike, the popular video content sharing platform closed the account of one of the most popular Bitcoin analysts and vocal members of the community, Tone Vays. Crypto Analyst Tone Vays Banned on YouTube The largest video content sharing platform, YouTube, continues its clampdown on cryptocurrency-related materials. This time, one of the most popular analysts and well-known...

Google and Apple are working together to create a COVID-19 tracking app. While they emphasize the technology would be opt-in only and protect users’ privacy, we’ll just have to trust them on that. But can we really trust Silicon Valley tech giants, or even the U.S. government to respect our privacy? Both marketers and the police state would likely find the information gathered by this app very lucrative. Like so much oil underneath a field in Texas, all that data would be sitting on servers...

Blockchain technology proved its worth recently in a wheat shipment deal from North America to Indonesia worth $12 million. The U.S.-based Cargill Incorporated and the Singaporean international trading company, Agrocorp, completed the trade using the dltledgers blockchain platform. $12 Million Deal On DLT Cargill Incorporated is an American privately held global corporation, whereas Agrocorp is a large International trade firm serving markets with globally sourced commodities. Both entities...