Tag Archives: Our Latest Cryptocurrency News

The bitcoin-gold correlation has hit record levels, according to data from The Daily Shot, CoinMetrics, and skew.The correlation is being driven by economic and stock market turbulence, with institutional investors increasingly treating bitcoin as a haven hedge against inflation.Correspondence between gold and bitcoin prices will last for as long as the global economy continues to suffer Covid-19 fallout.The bitcoin-gold correlation has hit its highest level on record, according to data from...

A Chinese student studying in Australia is allegedly being held at ransom with the kidnappers demanding Bitcoin worth over a million Australian dollars before they can release him.According to the Southern Metropolis Daily, the father of the 20-year old student was contacted by the kidnappers on August 24th. The kidnappers demanded 80 Bitcoin within 24 hours. At the current BTC price, this is approximately $AU1.2 million ($US 810,000).Pay up the Bitcoin or else… Besides the Bitcoin demand the...

By CCN.com: The long-running conflict between Bitcoin (BTC) and Bitcoin Cash (BCH) supporters took another turn on Monday. The @Bitcoin Twitter handle, which previously showed support for the BCH community, appeared to switch sides suddenly.Within hours, hundreds of pro-BCH posts were deleted from the account, though others – including the pinned tweet – curiously remain. Meanwhile, the link to the Bitcoin whitepaper from the Twitter handle was redirected from Bitcoin.com (a pro-BCH website)...

By CCN.com: Most cryptocurrency enthusiasts have been waiting for the launch of bitcoin futures trading platform Bakkt. Recently, the crypto community rejoiced as the ICE-operated company announced the official launch date of Sept. 23. Within 48 hours after the big reveal, bitcoin surged by 10 percent.Many investors know that the entry of Bakkt in the cryptocurrency space is bullish for the long-term health of bitcoin. However, very few understand the reasons why. If you’re not one of them,...

By CCN.com: Turkey likes bitcoin more than any of the other 14 nations polled in a recent survey by Dutch banking group ING. Sixty-two percent of Turks were crypto positive, while 36% said they would be happy to be paid in bitcoin. Meanwhile, Austrians were the most skeptical, with only 13% being pro-crypto.These sentiments make perfect sense given Turkey’s recent economic struggles.Turkey’s Rising Industrial WoesFresh off the collapse of the lira in 2018, Turkey is still trying to find its...

More than a decade into its existence, Bitcoin is finally maturing into a full-blown stock market hedge.That’s the conclusion of new research from crypto prime dealer SFOX, which indicates that Bitcoin and other major cryptocurrencies like Ethereum have developed a negative correlation with the S&P 500. This means that as the stock market bellwether index falls, the prices of the cryptocurrencies rise – and vice versa.Over the past 30 days, Bitcoin’s correlation with the S&P 500 was...

While Coinbase is still the place many Americans go for their first cryptocurrency purchase, another crypto exchange has them backpedalling. As the Malta-based exchange Binance continues its rise to the top, Coinbase is making moves to ensure they don’t become “Yahoo!” to Binance’s “Google.”The San Francisco-based platform just announced that they’re looking to add eight new coins to their exchange. In a recent blog post, Coinbase stated that they’re considering adding the following...

July wasn’t exactly a banner month for crypto investors, but it turns out it was even worse for one of the world’s largest bitcoin trading platforms: BitMEX.BitMEX Just Had Its Worst Month Ever by One Key MetricData curated by TokenAnalyst reveals that BitMEX, a cryptocurrency exchange that offers up to 100x leverage, suffered nearly $525 million in net bitcoin outflows in July, by far its worst-ever month by this metric.More than half-a-billion dollars worth of bitcoin fled BitMEX in July. |...

Ben Brown Ben is a journalist with a decade of experience covering financial markets. Based in London, UK, his writing has appeared in The Huffington Post and he was Chief Editor at Block Explorer, the world's longest-running source of Blockchain data. Reach him at benjamin-brown.uk, Twitter at _Ben_Brown or MuckRack. Email ben @ benjamin-brown.uk.

U.S. Senator Mike Crapo (R-Idaho) admitted that it would be difficult or impossible to ban bitcoin in the United States. The Senator offered a number of positive comments on bitcoin as he chaired the Senate Committee on Banking, Housing and Urban Affairs cryptocurrency hearing yesterday.“If the United States were to decide, and I’m not saying it should, if the United States decided we didn’t want cryptocurrency to happen in the United States, and tried to ban it, I’m pretty confident we...