A single Bitcoin (BTC) now buys over 600 barrels of crude oil as an unprecedented sell-off takes BTC purchasing power sky high.According to data from monitoring resources including Bloomberg on April 20, futures for a barrel of WTI expiring in May shed 36% on the day.BTC holds $7K...
Decentralized finance (DeFi) protocols could soon emerge as the world’s dominant liquidity pool if scaled effectively, according to Alex Batlin, the founder and CEO of cryptocurrency custody platform Trustology.Cointelegraph spoke to Batlin — also a co-founder and board member of the Enterprise Ethereum Alliance — at the recent...
According to a quarterly report, online engagement towards XRP on Twitter fell in Q1 2020, while Ripple was forced to liquidate many of its holdings to stay cash flow positive.The report, by social trading and investing platform eToro in partnership with analytics and finance management startup The Tie,...
British TV presenter and former X-Factor star, Rylan Clark-Neal, alerted his followers as to “fake interview” claiming that Rylan had made “millions from Bitcoin.”On April 18, the former Celebrity Big Brother star tweeted that a fraudulent interview impersonating U.K. publication, The Daily Mirror, was circulating on Facebook. Rylan...
The Bank of China’s secretive digital currency tests have led to tremendous curiosity among Chinese citizens. Recently, the bank responded with an official explanation of the proposed digital Yuan and how it would work. A bank representative confirmed on the China Central Television on April 19 that the new...
Binance founder and chief executive, Changpeng Zhao, took aim at initial public offerings, or IPOs, and venture capital fundraising while speaking at the recent BlockDown 2020 conference.Despite the recent decline in crypto investment, Changpeng Zhao, or CZ, expressed confidence that the blockchain fundraising markets will produce exponential growth...
Canadian cryptocurrency investor, Salim Satir, has filed a lawsuit against cryptocurrency exchanges, Gatehub and Bitstamp, with the High Court of Justice of England and Wales over $4.9 in purported losses.The plaintiff claims that the losses resulted from misleading statements on Gatehub’s website purporting to detail its Bitcoin (BTC)...
With Bitcoin’s (BTC) halving less than 23 days away, traders would like to go into the event with strong bullish sentiment but this is yet to be determined. If Bitcoin is able to breakout and sustain above its overhead resistance, it is likely to pull the crypto markets...
Researchers from the Bank for International Settlements are finding that cryptocurrency markets actually react positively to news of clear regulations.Findings? Crypto is not such a wild west after allPer a working paper released by the Dallas Federal Reserve Bank’s Globalization Institute on April 18, crypto prices are more...
It's been another bullish week for Bitcoin (BTC) as the price surged past the critical $7,200 resistance, as mentioned in last week's analysis, all the way to $7,300.However, the price has corrected slightly and is now sitting just below $7,200. So was this the local top? Or has...