Bitcoin

The number of cryptocurrency investors has increased hugely in the last decade. Data from Coinmetrics.io shows that there are 12,000 Bitcoin millionaires worldwide at the moment. However, some people die every year with their family not having access to their Bitcoin holdings. Based on the estimates by Coincover, about 4 million Bitcoins valued at almost $40 billion has been forever lost because of death. The Cremation Institute carried out new research which shows that 89 percent of cryptocurrency investors worry about what will happen…

When it comes to blockchain, Bitcoin and Ethereum are unbeatable. Bitcoin, the most popular and stable network, gave birth to a new decentralized digital currency form. Ethereum, on the other hand, brought smart contracts that are used to power tamper-proof financial contracts and decentralized applications (DApps). In essence, Ether - Ethereum's coin was meant to complement and not compete with Bitcoin - Bitcoin's coin and the first cryptocurrency. In other words, the two networks can be combined to come up…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $259 billion. Bitcoin moves sideways for most of the week and remains safe above the $9,000 level. Ethereum lost almost 2% of its value throughout the week. XRP continues to fluctuate slightly around the $0.175 level TRON makes the headlines with new DeFi products and ATM availability in South Korea Crypto Trends 29th of…

Crypto futures are derivative products in the form of a contract. Two parties commit to either sell or buy a cryptocurrency on a specific date in the future at a predetermined price. In essence, Crypto futures allow traders to speculate on the future magnitude and cost of an Asset. The trading volume of crypto futures has grown rapidly since the Chicago Board Options Exchange launched the first Bitcoin futures contract in 2017 (Cboe). So let's look at the best exchanges for…

On July 2, 2020, The CEO of SpaceX as well as Tesla, Elon Musk, brushed off rumors surrounding his involvement with the Ethereum blockchain.  Canadian actor, William Shatner, had taken to twitter to indicate collaboration between the creator of the Ethereum network, Vitalik Buterin, and Elon Musk over a year ago. In his tweet on May 10, 2019, Shatner started:  “My friends Vitalik Buterin and Elon Musk were trying to decide what to build on ethereum. I’ve been waiting and…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary ● The Crypto Market ends the week at a total market capitalization of $254 billion. ● Bitcoin drops by more than 1.5% and ends the week trading just a few bucks above $9k ● Ethereum started the week on a 1% rebound but finished it on a 4.5% decrease. ● XRP continues to disappoint with yet another drop, this time below $0.18 ● As COVID-19 cases…

Venezuela’s failing economy has often barred the country from the global financial system. Over the last few years, President Maduro has been turning to cryptocurrency to savor the failing economy.  The South American country has been at the forefront of cryptocurrency adoption, with several projects in play. The recent move by the government is accepting bitcoin for passport payments.  The news hit the country by storm after a twitter user put out a screenshot of the government website, showing cryptocurrency…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary ● The Crypto Market ends the week at a total market capitalization of $266 billion. ● Bitcoin keeps trading above $9,000, with very few fluctuations. ● Ethereum decreased by 2.3% as it hovers above the $230 mark. ● XRP continues its downtrend as it drops below $0.19 ● The NASDAQ Composite index continues to trade around the all-time high that it hit on June 10th Crypto…

The BTC price recently made a downside correction below the $10,000 level. During the decline, the price broke many supports, including the $9,500 and $9,300 levels. However, it remained well bid close to the $9,000 support zone. BTC is currently recovering steadily and trading well above the $9,300 level. There was a break above the 23.6% Fib retracement level of the recent key decline from the $10,390 high to $9,080 low. Notably, it appears there is a key contracting triangle…