Day: April 29, 2019

Billionaire Remains Bitcoin-Drunk Despite Crypto Firm’s Insane $272M Loss

boss

By CCN.com: According to a Bloomberg report, billionaire investor Mike Novogratz’s Galaxy Digital Holding Ltd. lost more than $272 million in 2018 amidst an intense crypto bear market. From January to December 2018, the valuation of the crypto market dropped from $813 billion to $113 billion by 86 percent as the bitcoin price crashed from its peak at $20,000 to $3,150. Although the valuation of the crypto market has slightly recovered in Q1, it remains down substantially in the past year (source: coinmarketcap.com) Since December, within a five-month span, the…

Billionaire Remains Bitcoin-Drunk Despite Crypto Firm’s Insane $272M Loss

boss

By CCN.com: According to a Bloomberg report, billionaire investor Mike Novogratz’s Galaxy Digital Holding Ltd. lost more than $272 million in 2018 amidst an intense crypto bear market. From January to December 2018, the valuation of the crypto market dropped from $813 billion to $113 billion by 86 percent as the bitcoin price crashed from its peak at $20,000 to $3,150. Although the valuation of the crypto market has slightly recovered in Q1, it remains down substantially in the past year (source: coinmarketcap.com) Since December, within a five-month span, the…

Bitcoin (BTC) Under Pressure, Reversing Apr-25 Losses Critical

boss

Bitcoin prices may slide below $5,000 To protect investors, an Indian government official suggests banning of cryptocurrencies An Indian official believes cryptos including Bitcoin are Ponzi schemes that the country’s regulator should ban. That is despite the acceptance in Japan and other governments taxing the asset like any other commodity. Even so, Bitcoin (BTC) is under pressure and risk dropping below $5,000. Bitcoin Price Analysis Fundamentals Well, after last week’s debate about BitFinex, USDT and the NY OAG suing iFinex, exchanges are yet to recover. There is a premium of…

Crypto Markets Drops as Bitcoin Fails to Hold $5,300 Support, Stocks Hit All-Time Highs

boss

Monday, April 29 — after seeing moderate gains yesterday, crypto markets have tumbled at press time, with most of the top 20 coins by market cap in the red. Bitcoin cash (BCH), the fourth top crypto by market cap, has dipped as much as 7.1% over the day to trade at $242 at press time. While the majority of the top 20 are seeing sufficient losses, IOTA (MIOTA) has surged almost 18% over the past over the past 24 hours. The growth comes amidst the news that British car manufacturer…

Bitcoin ETF Setbacks Cost These Crypto Bulls a Mind-Boggling Fortune

boss

By CCN: Bitcoin Investment Trust (GBTC), described as “the first publicly quoted securities solely invested in and deriving value from the price of bitcoin” is an investment vehicle that enables investors in the public market to purchase bitcoin in a regulated and protected environment. Why These Crypto Investors Are Buying Bitcoin at $6,179 a Pop GBTC is the closest investment vehicle to an exchange-traded fund (ETF) in the sense that it enables investors to invest in bitcoin without having to worry about storing or safekeeping the dominant cryptocurrency. Traded on…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 29

boss

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Tom Lee, managing partner and head of research at Fundstrat Global Advisors, believes that Bitcoin is in a bull market and it is likely to make a new high in 2020. Lee has based his views on a few signs that, according to him,…

A Bitcoin Cash Fork of Decentralized Exchange Bisq Is on the Horizon

boss

Two Bitcoin Cash (BCH) community members recently offered up a bounty for someone to fork the decentralized trading platform Bisq using BCH as the native currency. Now it seems a programmer has started the project in order to port Bisq over to BCH with help from BCH developer Pokkst’s Bitcoincashj implementation. The project is still in the midst of development but the platform works on Intellij and the programmer says Bitcoin Cash is very close to getting its own decentralized exchange. Also read: Bitmain Aims to Leapfrog Competition With Its…

After Jaguar, IOTA Adds 14.6 Percent as Participation Expands 4.5X

boss

IOTA prices surge 14.6 percent Partnership with Jaguar means rewarding drivers in IOTA, boosting adoption Jaguar announcement did stimulate IOTA bulls. At spot rates, IOTA is up 14.6 percent complete with high volumes, three times the average. Even so, IOTA is technically bullish after late Dec 2018 events thrusting prices above a seven-month resistance trend line. IOTA Price Analysis Fundamentals There is a re-awakening and leading the charts is IOTA, a coin whose founders say will power the world of IoT. However, it has not been like this. Before this…

Bitcoin Stock Slapped with Trading Freeze Amid SEC Probe

boss

By CCN: Shares of Bitcoin Generation (BTGN), a little-known Bitcoin stock, last traded at 9 cents. They will remain there until at least May 10 while the Securities and Exchange Commission launches a probe into the Oklahoma-based company’s finances. US Regulators Investigate Public Crypto Exchange The SEC has some questions about an Oklahoma-based cryptocurrency exchange. | Source: Shutterstock The Bartlesville, Oklahoma-headquartered company offers a regulated cryptocurrency exchange that supports Bitcoin, Bitcoin SV, Ethereum, Litecoin, XRP, and Monero. It bills itself as the first “publicly traded cryptocurrency exchange.” This is debatable,…

What We Know About Nike’s Potential Gateway Into Crypto

boss

Nike, the United States footwear and clothing behemoth, has recently joined the ranks of mainstream corporations that are considering entering the field of cryptocurrencies, currently spearheaded by the likes of Facebook and Starbucks. A document filed with the U.S. Patent and Trademark Office (USPTO) surfaced online earlier this week, revealing Nike’s intention to launch “cryptokicks” — which appears to be more than just a new line of sneakers. What are “Cryptokicks”? The news about Nike’s “cryptokicks” trademark was originally broken by Josh Gerben, a trademark attorney in the U.S. who…