Archive for February 2020
Wilshire-Phoenix Responds to SEC’s Bitcoin ETF Decision
Wilshire-Phoenix responded yesterday to the SEC’s decision this week which denied approval for their Bitcoin ETF application. Their criticism falls in line with SEC Commissioner Hester Pierce’s dissent with the SEC’s denials of several ETF applications. Another Bitcoin ETF Application, Another SEC Denial The SEC had until a February 26th deadline to make a decision…Read More
Did Stock Markets Lose Value Worth 694,573,873 Bitcoins this Week?
After the shock of the coronavirus, stock markets turned down, erasing $6 trillion of value within a week. Here is how this value compares with Bitcoin. Stock Markets Still Make Bitcoin Valuations Look Insignificant The stock markets, a centuries-old and highly developed system handle trillions in value. A flash crash last week erased around $6…Read More
Why Buying Bitcoin at This Price Level May Make Sense?
Bitcoin price is trading at the $8,600 level, and buying BTC at these prices may make all the more sense. But why? Bitcoin Already Corrected 20% from the Peak Bitcoin is already down about 20% from its recent peak. In February, the leading coin touched levels above $10,400, before sliding back. After the crash, exacerbated…Read More
Why is Huobi’s Bitcoin Stash by up 150 Percent Since Jan 19?
In the past year, Huobi has dramatically expanded its central cold wallet. Especially the Chinese crypto exchange’s Bitcoin holdings have seen a substantial appreciation. Huobi’s Influence Grows as More Bitcoin, USDT Funds Flow into the Exchange The influence of Huobi cannot be underestimated, but also the fact that the exchange became the biggest Bitcoin (BTC)…Read More
Here’s How Ripple Will Power Remittances to the Philippines
The Dubai-based RAKBANK and BDO Unibank (a full-service universal bank in the Philippines) will be using Ripple’s payments ecosystem, to expedite remittances to the Philippines. RAKBANK Expands Remittance Services Through Ripple, BDO Partnership RAKBANK joined BDO, a full-service bank in the Philippines, to extend its activity in the region. The Dubai-based institution already has a…Read More
Bitfinex Claims Repayment Of $100 Million To Tether
Bitfinex has announced that it has repaid its sister company, Tether, USD $100 million of the $700 million it borrowed early last year. This controversial loan sparked rumors of insolvency, and an investigation from the New York State Attorney General. PAYMENT TIED TO LAST YEAR’S FUNDING DEBACLE The exchange, once the world’s largest, borrowed the…Read More
This Top Altcoin is the Only Survivor of Today’s Red Market
Cryptocurrency prices have slid across the board today, but the market always holds surprises. One leading altcoin in particular has managed to avoid the crash unscathed. Market Downturn Erased 25% Off Altcoins in a Week ChainLink (LINK) not only remained one of the few assets in the green, but actually continued on a small hike…Read More
The “Dark Side” of Crypto Crime in Latin America, Report
A new report by Intsights and Ciphertrace delves into the way cybercrime and crypto intersect in Latin America. The report offered valuable insights into the threat landscape and challenges with enforcement in Latin American nations. Crypto Plays a Big Part in Latin America Cybercrime The threat of organized crime, cartels, and sophisticated cyber criminals has…Read More
How Much Bitcoin You’d Get If All 21 Million Were Distributed Worldwide
It is not a secret that Bitcoin is one of the scarcest assets out there. But have you wondered how rare the largest cryptocurrency really is? There Is So Much Room for Bitcoin Adoption Imagine if a new global regime would rise out of nowhere to rule the world through a UN-like body and decided…Read More
4 Things Holding Back XRP Price Right Now
Ripple’s XRP token had been performing very well in 2020, reaching as high as $0.34 in mid-February, before pulling back to just under $0.30. Unfortunately, it wasn’t immune to the losses which have hit virtually the entire crypto-space this week. So what could be holding it back from recovering now? Ripple Case Not Dismissed A…Read More