Category: Bitcoin

Cryptocurrency in Focus: Bullish Bitcoin Watchers Drool Over the Great 'Halving'

Cryptocurrency in Focus: Bullish Bitcoin Watchers Drool Over the Great ‘Halving’

The event that happens every four years is meant to prevent inflation, but attracts speculation. Like the leap year that comes every four years, it’s that time again for Bitcoin ( (BTC) ). We’re talking about “halving” — which often causes a speculative rise in the value of the cryptocurrency. For those not familiar, Bitcoin…
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Bitcoin Options Trading Hits One-Month High as Price Turns Bullish

Bitcoin Options Trading Hits One-Month High as Price Turns Bullish

Activity in the bitcoin options market picked up pace on Thursday, as bitcoin’s price jumped above $7,000 and opened the doors for stronger gains ahead of the next month’s reward halving. Daily trading volume in bitcoin options listed on major exchanges – Deribit, LedgerX, Bakkt, OKEx, and CME – rose to $86.4 million on Thursday,…
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Binance CEO Makes ‘Modest’ $2 Trillion Bitcoin Forecast

Binance CEO Makes ‘Modest’ $2 Trillion Bitcoin Forecast

Bitcoin and cryptocurrency prices have faltered in the face of coronavirus-induced economic turmoil. Bitcoin has failed to act as a so-called safe-haven asset, falling in line with the broader market, with the bitcoin price down some 30% over the last month despite recent rallies. Now, amid plans for the U.S. Federal Reserve and central banks…
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New Bank Of England Governor Sent Bitcoin Buyers A Stark Warning

New Bank Of England Governor Sent Bitcoin Buyers A Stark Warning

Bitcoin crashed this week, losing almost 50% of its value in a little over a week—with some thinking it could fall even further before finding a firm floor. The bitcoin price, well known to be highly volatile, had climbed over $10,000 last month before crashing back in the face of broader market turmoil caused by…
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Is This The Real Reason Bitcoin Suddenly Collapsed?

Is This The Real Reason Bitcoin Suddenly Collapsed?

Bitcoin crashed this week, collapsing by almost 15% over the last seven-days and dragging down the wider cryptocurrency market. The bitcoin price, which has had an incredible start to the year, had been hovering around $10,000 per bitcoin before moving sharply lower—diving just as global markets went into free fall due to the spreading coronavirus.…
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Reddit No Longer Cares About The Price Of Bitcoin And That’s Bad

Reddit No Longer Cares About The Price Of Bitcoin And That’s Bad

Back in 2014, at a bitcoin and cryptocurrency conference I attended in Dublin, Reddit’s r/bitcoin forum was mentioned many times on stage and even more by the audience. This was three years before bitcoin was thrust into the global limelight by its epic 2017 bull run that saw the bitcoin price soar from under $1,000…
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Binance CEO Makes ‘Modest’ $2 Trillion Bitcoin Forecast

There’s Something Very Strange Going On With Bitcoin Exchange LocalBitcoins

Bitcoin exchange LocalBitcoins, often used as a gauge of bitcoin interest and prices around the world, has suddenly begun suspending long-time users’ accounts without warning. Reports began coming in this week that LocalBitcoins users across Africa, the Middle East, and Asia have had their accounts “deactivated.” Messages seen by this reporter were sent to account…
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Open Source Bitcoin Project BTCPay Server Receives $150k Grant From Kraken

Bitcoin Is The New Gold: Study

Bitcoin, similar to gold, is a good hedge against global uncertainties like trade wars. That’s according to a lengthy working paper out from the Department of Economics of the University of Pretoria, “Is Bitcoin the New Digital Gold? Evidence From Extreme Price Movements In Financial Markets.” The paper tests a popular claim in the media…
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China’s Planned Bitcoin-Killer Sparks Major Concerns

China’s Planned Bitcoin Killer Sparks Major Concerns

Bitcoin and cryptocurrency have this year successfully provoked central bankers and governments to take digital currencies seriously—though many remain skeptical. The bitcoin price, which has failed to return to its all-time highs set in late 2017 despite a late December rally, was given a substantial boost in the first half of this year by social…
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Former Bitcoin Skeptic Sees The Price Hitting $100,000 By 2021 Before Soaring Even Higher—Here’s Why

Former Bitcoin Skeptic Sees The Price Hitting $100,000 By 2021 Before Soaring Even Higher—Here’s Why

Bitcoin and cryptocurrency has had a mixed year—fears over a regulatory crackdown have risen, though the bitcoin price has doubled over the last 12 months. The bitcoin price, which started the year at around $3,500 per bitcoin, soared to well over $10,000 this summer before crashing back to trade around $7,000 amid fears Facebook’s planned…
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