Browsing: Cryptocurrency

In the past week, many people have noticed that a big whale suddenly transferred nearly 850,000 BTCs, which are worth billions of dollars based on current prices. On last Tuesday, the 66,452 BTC in the address 1PnMfRF2enSZnR6JSexxBHuQnxG8Vo5FVK was directly transferred to another address, and then evenly distributed to 100 addresses, each containing 662.52 BTC, and the other address received 200 BTC. According to BitInfoCharts, this address was once the ninth bitcoin address. In addition, another whale address (containing 66,379 BTC) began to split in the same way and was distributed to another 101 addresses. A few days later, we found that some…

Everyone who is still in the crypto market remembers when the Chicago Mercantile Exchange (CME) launched Bitcoin futures on 17 December 2017, that day the price of Bitcoin hit the top at $20,000 and after that started the downside, a downside that has kept going a year. Today, the price of Bitcoin is $3,600 and bears are still in charge. The launch of the Bitcoin futures on CME and the intense fall in Bitcoin’s price isn’t a coincidence. The paper Bitcoins being printed on CME are suppressing the bitcoin price. Doing this CME is increasing their role to set the price of…

During the 2018 bear market where bitcoin price plunged more than 80% from the ATH in December 2017, Bitcoin difficulty has been increasing steadily. Now seems that time came for the difficulty to feel the drop like all the cryptocurrency ecosystem. According to data from Blockchain.com, the drop is by 15% in hash rate and mining difficulty. The hash rate is the total computing power in the bitcoin network and the difficulty is how easy is to mine a block. Many speak about bitcoin death spiral in case miners stop mining bitcoin. But bitcoin by design is coded in a…

The French movement (Yellow Jackets) and many people which are protesting from several days seem to be a decentralized movement which has no leader, no framework, no people in charge to be intimidated or crush the movement. Does this remind you about something? Maybe they got inspired by Satoshi and Bitcoin! The protest in Paris is an interesting development in the world economics. People have enough of the inequality created by governments doing bad monetary policies. People in Frace are suffocated by taxes and wages had not been raised in the last 10 years meanwhile the prices continue to increase…

Three new cryptocurrencies have been listed recently on Coinbase, 0x, BAT and ZEC. All resulted in pumps and dumps as usually happens and there is no surprise to that. But it is important to point to a new thing tied to this new listing on Coinbase and it is that new listings are being paired only by USDC and this thing may raise many questions. Stablecoins are trying to overcome Bitcoin’s dominance USDC or USD coin is a dollar-pegged ERC20 token created from Circle and Coinbase. It has been intended to compete with Tether which has been entangled in a lot of…

Today November 29 Bloomberg reported a police operation in the headquarters of the Deutsche Bank with two employees suspected for involvement in money laundering. The stock fell almost 5% following the scandal. Deutsche Bank is known for its criticism to bitcoin calling it a risk for criDeutschectivity. The bank has been reported many times for links to the Panama Papers scandal, and they paid more than $18 billion in fines the last 10 years. Bloomberg reported citing prosecutors: Deutsche “may have helped customers in setting up seaward organizations in assessment sanctuaries.” They also added: “Money obtained illegally may have been transferred to…

Going under $ 4,000 for the first time this year, bitcoin is down by more than 80% compared to the all-time high back in December 2017 when the price hit the $20,000 mark. While the price of bitcoin and other cryptocurrencies rose last year, most of this rise, more than 20 times, was driven by men. One Google search analysis pointed out hat 95% of people who were searching for the term “Bitcoin” were male, while 5% only were women. These results seem to be shifting to other cryptocurrencies too like Ethereum for example. Women make only 4% of the Ethereum…

When Bakkt announced their launch back in August many articles started popping out about Starbucks accepting bitcoin in the near future. The news was not confirmed at the time and Starbuck merely expressed that it will have an important role in the development of applications that empower costumers to convert cryptocurrencies into cash. However, at the time, Starbucks didn’t express to having any plans on accepting Bitcoin. But today, at the Consensus Invest, Kelly Loeffler, Bakkt’s CEO, said that Bakkt is working with Starbucks to give its clients more alternatives in their capacity to pay, especially with bitcoins. Submit a Crypto…

Over the second half of November, the cryptocurrency market has experienced the most terrible sell-off in all 2018 as the bitcoin price plummets to $3,700 territory. Jake Chervinsky, a litigation attorney at Kobre & Kim, commented that while individual investors are panic selling in the cryptocurrency market, institutional investors are accumulating bitcoin over OTC markets without drawing too much attention. He commented: “Investors, with bitcoin trading under $4,000: Retail: ‘should I sell and buy back lower? should I open a short? should I just give up? is it going to zero? was this whole crypto thing a scam after all?’…

The U.S. Dollar could fall soon by 30% in a massive sell-off that will make it look like the Turkish lira says Ray Dalio, the Billionaire hedge fund manager in an interview for Bloomberg. He adds that the U.S. economy has no more than 2 years until it takes the downturn with the government printing money to cover the deficit resulting in the dollar plunge. According to the founder and Chairman of Bridgewater Associates, the largest Hedge fund in the world, the U.S. economy is about to face a big inflationary depression in the next 2 years which will result in…

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