Tag Archives: btcusdt

New-York based crypto lending startup BlockFi has hired two traditional finance executives in a move to expand both its institutional and consumer-facing products. The company, which announced a $30 million funding round in February, on Tuesday, revealed Wittney Rachlin as its new chief growth officer, and David Olsson is its global managing director.Olsson To Lead BlockFi’s Pushing To Win More Business In EuropeIn the announcement regarding its $30 million funding, the company said it had a...

Polls surveying over 15,000 people suggest that the majority believe Bitcoin’s price is likely to dump as the halving happens and skyrocket later on. This coincides with the behavior of the cryptocurrency following the previous halvings.Mooning Postponed, Bitcoin Will Dump At HalvingA few well-known members of the cryptocurrency community recently initiated polls to see what do users think will happen to Bitcoin’s price at and after the upcoming halving.The first poll cited the halvings of...

A new analysis implies an inverse correlation between the price of Bitcoin and the total supply of USDT on cryptocurrency exchanges. According to it, the declining amount of Tether sitting on exchanges could soon propel another increase in BTC’s price.Bitcoin’s Price Related To USDT On Exchanges?New data compiled by the cryptocurrency monitoring company, Santiment, relates the movement of Bitcoin’s price over the past three months to the total supply of USDT on exchanges.BTC Price/USDT On...

A new post published on May 4th on Medium details in-depth Craig Wright’s alleged plagiarization of his PhD thesis. Wright was originally awarded his PhD by Charles Sturt University in 2017, many years after the publishing of the Bitcoin whitepaper in 2008.His thesis is titled The Quantification of Information Systems Risk: A Look at Quantitative Responses to Information Security Issues. Community members speculate that if the plagiarism accusations gain ground, they could prompt the academic...

Days before the third-ever Bitcoin halving, the interest towards the primary cryptocurrency has surged, according to Google trends. The phrase “buy Bitcoin” is getting very close to the previous two-year high levels of June 2019’s bull-run and the March 12 dump of this year.Buy Bitcoin Search Volume IncreasesSignificant attention is heading Bitcoin’s way, as can be seen on Google trends. “Buy Bitcoin” searches have increased to the highest point since April 2018.Buy Bitcoin Google Searches...

After reaching over $9400 a few days ago, the Bitcoin price corrected down to the Golden Fibonacci level at $8400, and since then, BTC is trading mostly around the $8600 price range.As can be seen on the following 4-hour chart, there is a lower highs trajectory on the short-term timeframe, getting closer to the crucial $8400 support, which is the low from Thursday, the correction after the huge Wednesday’s rally.The Weekly Timeframe Since 2015This is an excellent opportunity to look at the...

Bitcoin continues to receive serious mainstream attention as it was featured in the premiere episode of the fifth season of the popular Wall Street drama Billions. The show has mentioned cryptocurrencies more than once before. Unfortunately, though, almost all the references are rather negative where crypto is used mainly for money-laundering purposes.Bitcoin Featured On BillionsBillions is a popular financially-centered Wall Street drama following the clash between a ruthless US Attorney...

Months after India’s Supreme Court lifted a 2-year-old directive against cryptocurrency usage in the country, the Reserve Bank of India (RBI) is still not cooperating with digital asset businesses. Several exchanges have requested clarifications from the bank regarding their status as the scrutiny from lenders continues.Crypto Exchanges Contact RBIA local report from today indicated that digital asset exchanges are still unclear regarding their stance. Therefore, many platforms have written...

Bitcoin intelligence, data, and analytics firm Glassnode found the Bitcoin hash rate hit a new all-time high over the weekend, ten days before the Bitcoin halving event.In other words, miners are putting more computational power into maintaining the Bitcoin network. Because miners must venture electricity and capital intensive computer processors to mine Bitcoin, the increase in hash rate is a bullish sign. It means miners are after the Bitcoin rewards they get from maintaining the network....

According to a new study, the total trading volume of cryptocurrency derivatives has increased dramatically by over 300%.At the same time, BitMEX’s leadership position in the field has been challenged by Huobi, OKEx, and Binance.Derivatives On The RiseAnd amid the most apprehensive days of uncertainty prompted by the eventual aftermath of the COVID-19, the cryptocurrency market went through a substantial losses. Most assets plunged by as much as 50% in mid-March.During these times of hyper...