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crypto
How a Trader Lost $1,200 in 100 Seconds
A fool and his money are soon parted. When it comes to dealing with cryptocurrency, it’s important to know exactly what you’re doing. However, not only new crypto users fall victim to lurking predators, even a crypto OG will…
Bitcoin Jumps $9,100 as Dow Prepares For Massive 400-Point Open
Bitcoin breaks above $9,100 hours ahead of New York opening bell. The gains surfaced as the futures linked to Dow Jones suggested a 400-point rally after Wednesday’s open. Investors also felt buoyed by Goldman Sachs’s early…
Facebook’s Calibra Wallet Rebrands to Novi
Calibra, the digital wallet Facebook designed to be used with its cryptocurrency Libra, has now been renamed to “Novi.” The company established a new subsidiary, Novi Financial, that will be tasked with developing the newly…
A Historically Accurate WMA Indicator Suggests Bitcoin is at Risk of a 50% Pullback
Bitcoin’s latest bearish correction is threatening to break below a crucial support level known as the 50-weekly moving average. The cryptocurrency’s two out of three breaks below the said technical floor resulted in more than…
Zug Crypto Firms has $103 Million Bailout Blocked by Switzerland
Hundreds of crypto startups have been stranded within the borders of Switzerland amid this COVID-19 pandemic. This comes due to a combination of investors pulling
Tencent Sets $70 Billion Aside to Invest in New Infrastructure
Tencent Holdings, the Chinese tech giant, announced that it would invest a hefty 500 billion yuan, or approximately $70 billion, into technology infrastructure for the
Tether Continues Tear as its Daily Crypto Transactions Reach Record Levels
Controversial crypto stablecoin Tether continues at full speed ahead as recent data shows its daily transactions are the highest they have ever been. A recent Reddit post shows Tether reached 208,107 daily transactions on May 25th, 2020,…
Long Bitcoin if U.S. Bond Yields Fall, Top Analyst Asserts
Entering a long position in the bitcoin market is wise if the yields on U.S. Treasury bonds fall, according to Qiao Wang, the director of product at Messari. The statement appears as the benchmark U.S. 10Y bond’s forward earning yield…
Ethereum-based Transactions for Tether Reach a new High
You may think that the number of stablecoins on the market would indicate that there is fierce competition for dominance. Sadly, that is not the case, but ether’s USDT is still firing on all cylinders across the board. Virtually all…
Stablecoins Need to Achieve Cross-Chain Compatibility
In the cryptocurrency space, there are a lot of different opinions on stablecoins. Vitalik Buterin sees some merit in these assets, although they may not find their core niche in their current state. The stablecoins currently on the market…
