BTC

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 $245 billion. Bitcoin loses momentum and falls below $9,000 Ethereum value drops below the $220 support level. XRP ends at $0.23 and continues its depressing devaluation Concerns over the coronavirus spread along with the flu past China’s borders. Crypto Trends 24th Feb – 01st Mar 2020: PERFORMANCE & ANALYSIS The last week has seen…

There is a decline in premiums for the CME Bitcoin Futures contracts traded on a monthly, quarterly, and semi-annual basis relative to their week-on-week average. This finding is according to a recently compiled report by Arcane Research. Drop Surprise  Slated for an end of March expiry, these contracts saw a 0.60% CME increase and a 1.19% premium increase on unregulated exchanges. The June 2020 contracts on the other hand saw a drop of 2.71% and 3.29% premium and CME on…

While bitcoin mining is quite a profitable venture, it comes with a negative environmental impact that can't be ignored. Revealing research by PWC's Alex de Vries paints a very startling picture. About 98% of existing crypto mining hardware will become obsolete quite soon. That's a lot of e-waste in waiting. Shorter Life Spans of ASIC Miners Expected The competitive nature of mining is always on the increase thanks to sustained surges in hash rate and mining difficulty. In about 10…

Cryptocurrency whales are critical to the survival of blockchain-powered gambling apps, according to recent reports.  DappRadar pointed out that 80% of the value flowing through several decentralized gambling apps on the Ethereum, EOS and Tron networks comes from people with high net-worth. Benefits of  Whales to Blockchain-Powered Gambling Apps Whales exhibit outstanding sensitivity to nascent features on blockchain gambling apps and do not hesitate to leave one another when the likely returns change.  The report noted that without regard to…

Recently, Bitcoin received more attention with the imminent halving. Numerous individuals shared their thoughts on Bitcoin’s performance lately, as price oscillated. Individuals expressed their views on Bitcoin, capable of being a haven asset, a means of exchange, or as a tool for investment. Trace Mayer, Bitcoin Knowledge Podcast host, commented on Bitcoin’s performance and explained how the crypto asset helps people, where governments’ currencies are not usable. Mayer believes that Bitcoin empowers people to hold their keys, run their private…

Bitcoin is currently stuck in a range between $8300 and $9200, with no exact support barriers. The two levels are acting as heavy support and resistance, respectively. As per the records, anytime bitcoin sees a massive movement to either the upside or the downside, traders’ reaction triggers high liquidity levels. Many traders expect the BTC market to continue its bearish structure in the short term. Before that, most traders think a BTC relief rally is highly likely to occur. Analysts…

ETH experienced an exponential increase in recent times, and its robust metrics applauded in the cryptocurrency domain this year. This cryptocurrency gained more than 75% since the beginning of 2020, as it shifted from a $130 low on the 1st of January to $228 on the 3rd of January. On the other hand, Bitcoin incurred about 22% since the beginning of the year. It experienced a significant drop after trading near $10k and even crossed the critical level briefly on…

Finnish authorities have been on an endless spree of seizing Bitcoins obtained from illegal activities valued at millions. Unfortunately for their cause, they have no idea how to liquidate them. More on the BTC Probe The confiscation of such Bitcoins prompted a debate on the best way to ensure the crypto gets liquidated. Local reports state that the Finnish Customs Service have their hands on a total of 1,666 Bitcoins. The agency managed to seize the cryptos from drug deals…

A recent report confirmed that Elliott Management Corp secured a significant stake in the social media platform, Twitter. There are claims that the new investor is planning to remove Jack Dorsey from his Twitter CEO position. Elliott management recently appointed four of its representatives to be part of the Twitter’s board. As per the report, Elliott’s problem with Dorsey is that he splits his efforts between working for the success of Twitter, and his payments processor, Square Inc. More About…