Archive for December 2019
Why is Bitcoin Price Growing Slower and Slower?
The potential short-term and long-term growth prospects of bitcoin can be gauged from the ongoing price activity. BTC price is facing increasing resistance on its way up. Volatility is decreasing with time. What does this mean for bitcoin’s overall outlook? In his latest article, entrepreneur, engineer, and bitcoin optimist Harold Christopher Burger deeply analyzed the…
Read MoreBitMEX Insurance Fund Seems To Be Working As Intended: CryptoQuant
Following the BitMEX Insurance Fund’s continued growth throughout the year, data provider, CryptoQuant, took a deeper look at the derivatives specialist’s on-chain data. Insurance Fund Now Holds 0.18% Of All Bitcoin Over the past 12 months the BitMEX Insurance Fund grew to almost 33.5k BTC, representing a 62% increase from the 20.77k BTC it held…
Read MorePoloniex Exchange Suffers BitMEX-Style Security Breach
As this decade inches to a close, Poloniex becomes the next cryptocurrency exchange to mismanage user data after “someone leaked” email addresses and passwords. Poloniex Forces Users to Reset Passwords After rampant scams and phishing attempts, Poloniex customers were rightly cautious over the email they received from the cryptocurrency exchange on Dec 30. One customer…
Read MoreEthereum Client Requests Users to Update Nodes Due to Potential Attack
According to a recent warning by Parity, the fastest Ethereum client, it seems that Parity Ethereum nodes may be under attack, and users need to implement new updates. As the last day of 2019 took off, a new announcement was published on the website of Ethereum client, Parity. The announcement says that the company, Parity…
Read MoreHedera Hashgraph Nodes Shut Down Without Warning, HBAR Dumping Continues
Hedera Hashgraph, one of the prominent new projects for 2019, is in trouble again. Nodes have shut down without warning, suggesting the network may be more centralized than previously thought. The community noted 4 out of 10 council nodes shut down, signaling centralization. The closing of this number of nodes also practically turns Hedera Hashgraph…
Read MoreBitcoin Price Needs to Break $7.8K to Turn Bullish
Bitcoin (BTC) is once again stuck in a range, moving for weeks between support and resistance levels around $7,000 to $7,500. Now, new analysis pegs a support of $7,800 as a sign of a new bullish trend. Bitcoin Stuck in a Range Ahead of New Year Bitcoin prices rallied close to $7,500 in a weekend…
Read MoreChina Forces Bitcoin Miners to Scale Down Amid Electricity Shortfall
With the dry season approaching, Bitcoin miners in China’s Sichuan province may be forced to reduce their electricity consumption. Prioritizing Communal Electricity Needs Over Crypto Miners According to Asia Times, authorities in Sichuan Province, China, are reportedly leaning on Bitcoin miners to cut down electricity consumption. This news comes amid the dry season in Southwest…
Read MoreSouth Korea Confirms No Income Tax on Crypto Profits
According to the South Korean Ministry of Finance’s new announcement, the country’s current tax laws do not include the taxation of profits made through trading crypto. The Ministry of Finance and Strategy in South Korea recently resolved the confusion regarding the taxation of profits made through crypto trading. According to the Ministry’s announcement, the current…
Read MoreWill This Major US Broker List XRP in 2020?
A recent statement from an online broker, TD Ameritrade, shows that the firm still hasn’t ruled out adding XRP to its platform, causing the coin’s community to speculate about its potential addition. The adoption of cryptocurrencies continues, and many expect that the following decade will be crucial for the crypto trend. With every little victory…
Read MoreBitcoin Options Trading Poses New Risks to the Market
The Bitcoin (BTC) market will have another source of risk – trading in options. The intention of derivative instruments is to hedge the risk for owners, or potential buyers. But trading option positions holds an additional risk of its own. Bitcoin Options Exposure Expected to Grow Next Year Options exposure is growing, as the markets…
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