Like many crypto assets, the price of Cardano (ADA) has increased over the opening month of 2020. Starting the year at around $0.033, the digital currrency now trades at more than $0.054.Although the same could be said about many of the thousands of other digital currencies, the gains do not appear to be based on…
That Bitcoin SV (BSV) price rally is appearing to hit an end.The fifth-largest cryptocurrency by market capitalization suffered huge losses during the Friday trade as its rate plunged by up to 12.36 percent. The move downhill led Bitcoin SV to establish an intraday low of $261.29. At its monthly best, it was trading at $458.74.Bitcoin…
It might not be a good idea to purchase bitcoin as an insurance asset against this year’s nailbiting US presidential election.That is according to a new study that doubts bitcoin’s credential as a safe-haven asset against a mounting political uncertainty. Author Tobias Burggraf, a research assistant at WHU Otto Beisheim School of Management, found that the cryptocurrency’s…
A calm and balanced question to Craig Wright about whether or not he has access to Satoshi Nakamoto’s $9 billion bitcoin wallet met with a bizarre response: “It’s none of your goddamn business.”Appearing in an interview with BlockTV, the Bitcoin SV founder showed his trademark hot-tempered, “censorship-resistant” mood when faced with straightforward questions about his…
Experts believe bitcoin’s explosive price rally is about to hit an end as a trend-defining technical indicator screams ‘sell.’Bitcoin’s Open Interest (OI) is approaching $1 billion on BitMEX. Historically, whenever the total valuation of unsettled contracts touches the said valuation, bitcoin’s price in spot markets plunge. In September 2019, for instance, the cryptocurrency underwent a…
Bitcoin’s potential rise to $10,000 against the ongoing Coronavirus frenzy may have been limited by one of its rival cryptocurrency projects.Cardano, or ADA, surged by close to 10 percent against the benchmark cryptocurrency on Tuesday, registering a fresh top near 588 sats. The move pushed the ADA-to-BTC exchange rate to its eight-month high, also inching…
Bitcoin prices on Friday are plunging after marking their highest levels in over two months, hurt by an improving outlook of the eurozone economy, the stronger dollar, and – none the least – the Coronavirus outbreak in China.The benchmark cryptocurrency’s spot rate fell by 1.66 percent to $8,246.14 as of 11:20 UTC today. At the same…
Over the past decades, central banks like the Federal Reserve have failed to keep inflation rates stable. Bitcoin may benefit from this trend. After the cryptocurrency’s upcoming halving, after which the coin will have “economically indisputable reasons” to become a legitimately competitive store of value versus other world currencies.Connection Between Halving and InflationMay 2020, Bitcoin…
Bitcoin has been on an absolute roll over the past month, surging from $6,400 to $9,200 in a jaw-dropping fashion. Altcoins have followed suit, posting even more impressive gains as buyers have finally stepped in.Related Reading: This Reason Is Why Analysts are Worried About Ripple’s XRP Despite 35% RallyPrices have since stalled, with BTC now…
Miners on the Bitcoin Cash network appear to be preparing a plan to finance the protocol’s development using their own block rewards. The controversial plan would see 12.5 percent of the total BCH coinbase go towards those building on the network.Those behind the plan say that it is impossible for developers to work without financing.…