() () () () () () () () () () () () () () () () () () () ()

Archive for April 2020

Data Shows $1,000 Bitcoin Price Gains Are Followed by 38% Drawdown

Data Shows $1,000 Bitcoin Price Gains Are Followed by 38% Drawdown

This week Bitcoin price pulled off an incredible rally that appears to have exceeded the expectations of many investors. Data from Cointelegraph Markets and CoinMarketCap shows record trading volume across multiple crypto exchanges occurred as Bitcoin rallied to $9,400 but this doesn’t mean that the long awaited bull market has started.  Crypto market daily price…

Read More

Noted Tax Haven Cayman Islands Sees New Bills to Bring Local Crypto to FATF’s Heel

Noted Tax Haven Cayman Islands Sees New Bills to Bring Local Crypto to FATF’s Heel

On April 28, the legislative assembly of the Cayman Islands gazetted five new pieces of legislation governing crypto businesses — especially exchanges.  How the new legislation would change the Cayman Islands’ crypto industry The Virtual Asset Service Provider Bill would establish definitions and registration requirements for companies providing crypto services including exchanges, custodians and decentralized…

Read More

World's First Crypto Bank Adds Support for Ripple's XRP

World's First Crypto Bank Adds Support for Ripple's XRP

Sygnum Bank, the first crypto bank licensed by FINMA, announced on April 30 that Ripple’s XRP tokens are now available through its banking services platform. Users can access deposit, exchange, and credit services using the popular digital currency. Based in Switzerland, the bank will now allow the third most capitalized digital token behind Bitcoin (BTC)…

Read More

Market Wrap: There's a Bright Side to Bitcoin's Drop on Worsening Unemployment – CoinDesk

Market Wrap: There's a Bright Side to Bitcoin's Drop on Worsening Unemployment - CoinDesk

Bad U.S. jobless data pulled markets lower Thursday, affecting even bitcoin. But there may be a silver lining for the cryptocurrency. At press time, the world’s largest cryptocurrency was up just 1% over 24 hours at $8,864, with 10-day and 50-day technical indicator moving averages converging, thus signaling sideways sentiment. After bitcoin prices jumped to their…

Read More

Mainstream and Crypto Bear Markets Have Not Stopped Binance Expansion

Over the past three years, Binance has expanded its operation, even through a major crypto bear market. This trend has continued into the current coronavirus-induced mainstream financial crisis. “We always continue to expand even during the bear market in 2018, which is when we launched our community blockchain initiative, Binance Chain,” Binance co-founder Yi He…

Read More

37% Expect Bitcoin's Hashrate to be Higher After Halving: Poll

37% Expect Bitcoin's Hashrate to be Higher After Halving: Poll

About 37% of the cryptocurrency community expects Bitcoin’s (BTC) hashrate to be higher one month after the block reward halving than it currently is, according to a recent poll. Cryptocurrency portfolio tracking application, Blockfolio, polled its users on April 27. They asked whether they believe Bitcoin’s hash rate will be higher or lower one month…

Read More