Just 9 days ago Bitcoin price dropped to its lowest in 5-month and in a matter of days surged by 40% to reach $10,500 level. Recent Bitcoin price upward swing is largely attributed to China President’s positive remarks on blockchain technology. Currently, on intra-day movements, BTC price is holding well...
The central bank of Argentina has imposed further restrictions for citizens to buy the U.S. dollar. Earlier individuals had a limit to buy $10,000 per month. The fear of Argentina Peso nearing to the edge of hyperinflation, citizens have been hedging Peso with a stable foreign currency, mostly U.S. Dollar....
Bakkt physically-settled BTC futures contract hit a new volume record yesterday. The platform saw a demand of $4.5 Million volume in the Bakkt BTC futures contract. Till now the total futures contract executed in Bakkt’s platform stand at approx. $20 Million, an average per day of $0.89 Million since its...
The recent developments hint Facebook may be moving away from Libra Association. As one of the association members confirmed the BBC: “We’ve seen Facebook start to move away from the association a little bit, maybe, but it’s still a challenge for them, definitely.” When asked about Libra testnet by the...
The much anticipated Korea Blockchain Week took place in Seoul, South Korea, from Sep. 27, 2019 to Friday, Oct. 4, 2019. During the event, the city hosted blockchain luminaries, startups and entrepreneurs. The main conference of the event, known as D.FINE, took place between September 30th and October 1st at...
PayPal withdraws its application from Facebook’s Libra association, a group of members to oversee the governance of Libra network. Since the announcement of Facebook’s Libra project, policymakers around the world have backlash the project claiming that it could risk destabilizing the monetary system. Addressing the rumors, a PayPal spokesperson said...
After a year of wait, Bakkt, the first to get regulatory approval for trading Bitcoin futures went live on September 23. Bakkt which many see as a gateway for Bitcoin widespread adoption, so far the volume shows little interest from institutional investors. Bakkt Bitcoin futures contract volume in the first...
Just days after the significant drop in the Bitcoin hash rate, several monitoring sources confirm that the hash rate shows signs of recovery. Data from monitoring source ‘Blockchain’ estimate that on 26 Sept hash rate reached a new all-time high of 108 quintillion hashes/sec. This year, the hash rate in...
Yesterday, the Bitcoin price broke from the apex of the descending triangle pattern dropping to $8160 in Coinbase (near 200 MA) and as the new analysis suggests, retrace to $7500 is a possibility. Key factors contributing to the build-up of negative sentiment and causing massive sell-off were: Underwhelming response to Bakkt launch...
Many expect BTC is currently forming a descending triangle pattern and approaching near the apex of the breakout. Interestingly, around the same time, Bakkt will launch its Daily/Monthly Bitcoin futures contract on 23rd Sept. Today we are told to believe that interest among institutional investors is high for Bitcoin and...
