ICO Sector Signals Uptick After Crypto Winter

The initial coin offerings (ICO) sector is showing signs of an uptick due to positive investor sentiment, apparently spurred by the recent crypto market rally. The data was revealed in a new report from token rating platform ICObench, shared with Cointelegraph on May 25. Providing data as of May 21, the report notes that the success rate of ICOs has increased, ostensibly reflecting a rise in projects’ quality. 85% of total funds raised so far in May reportedly belong to projects with a high (3-3.5) rating — as compared with…

Could Bitcoin Reach $100,000 in 2020? This Indicator Says Aye

Bitcoin is about to get a lot more expensive than it is today, according to Dr. Julian Hosp. The author of ‘Cryptocurrencies Simply Explained‘ evaluated bitcoin’s future performance based on a textbook indicator that measures abundance in commodity markets. Titled Stock-to-Flow Ratio, the index measures the amount of an asset held in inventories (stock) with its annual production rate (flow). Overall, the ratio describes how much time it would take the Stock to reach the Flow. Dr. Hosp noted that it would typically take 62 years for available gold to reach from…

Mike Novogratz: Facebook’s GlobalCoin Won’t Rival Bitcoin

Photo: Michael Novogratz / Twitter Major Bitcoin bull and former Wall Street exec Mike Novogratz recently discussed the current state of the cryptocurrency industry. The Galaxy Digital CEO explained why he thinks the crypto winter is finally over and why ‘Facebook Coin’ won’t rival Bitcoin. During his interview, Novogratz reminded that everyone had their own version of Bitcoin and the supply exponentially grew. Bitcoin, he thinks, had really established itself as a store value. He said: “This is hard to do because there is just one more stored value of…

Mike Novogratz: Facebook’s GlobalCoin Won’t Rival Bitcoin

Photo: Michael Novogratz / Twitter Major Bitcoin bull and former Wall Street exec Mike Novogratz recently discussed the current state of the cryptocurrency industry. The Galaxy Digital CEO explained why he thinks the crypto winter is finally over and why ‘Facebook Coin’ won’t rival Bitcoin. During his interview, Novogratz reminded that everyone had their own version of Bitcoin and the supply exponentially grew. Bitcoin, he thinks, had really established itself as a store value. He said: “This is hard to do because there is just one more stored value of…

Bitcoin Bulls Count on 2020 Halving to Give BTC Price Massive Push: Bloomberg

Bitcoin halving takes place every few years to prevent Bitcoin value from inflation, analysts and bulls point out that after each of those events Bitcoin price experienced a substantial rally Halving or ‘halvening’ happens every few years – as soon as new 210,000 blocks are mined. When it takes place, the rewards of miners are cut down in half. As per the recent Bloomberg article, crypto bulls are already rubbing their hands in anticipation. Bitcoin miners’ reward will diminish The reason is that after the previous two halvings Bitcoin quotes…

Facebook Reportedly in Talks with Gemini’s Winklevoss Twins

Photo: PxHere Several reports since the beginning of 2019 have hinted that the social media giant Facebook is working on its crypto plan. But a recent report from the Financial Times suggests that Facebook is reportedly in talks with Winklevoss twins, the founders of popular cryptocurrency exchange Gemini. Well, this is certainly interesting considering the hostility the Winklevoss’ have shared with Zuckerberg. Once upon a time, the twin brothers had filed a lawsuit accusing Zuckerberg of stealing their social network idea. However, it seems that both the parties have decided…

Facebook Reportedly in Talks with Gemini’s Winklevoss Twins

Several reports since the beginning of 2019 have hinted that the social media giant Facebook is working on its crypto plan. But a recent report from the Financial Times suggests that Facebook is reportedly in talks with Winklevoss twins, the founders of popular cryptocurrency exchange Gemini. Well, this is certainly interesting considering the hostility the Winklevoss’ have shared with Zuckerberg. Once upon a time, the twin brothers had filed a lawsuit accusing Zuckerberg of stealing their social network idea. However, it seems that both the parties have decided to put…

Bitcoin (BTC) Price Smashes Resistance: Bulls Target Fresh High

Bitcoin price started a strong rise above the $7,800 and $8,000 resistances against the US Dollar. The price gained traction and even traded close to the $8,200 resistance area. This week’s followed important declining channel was breached near $7,960 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently forming a triangle pattern and it could continue higher above $8,150 and $8,200. Bitcoin price jumped back into a positive zone above $7,800 against the US Dollar. BTC is currently forming a bullish pattern and…

Bitcoin Demand Will Surge if The Chinese Yuan Falls More: BitMEX CEO

As we reported the other day, evidence is purportedly mounting that Bitcoin and the Chinese Renminbi (RMB), known as the Yuan, are tied to each other. A report from the South China Morning Post recently noted that after Donald Trump, the president of the U.S., announced tariff changes on Chinese imports, BTC began to rally. Simultaneously, the yuan purportedly fell to its lowest level in six months, as China looked to move against Trump. Garrick Hileman, the head of research at industry startup Blockchain.com, told the SCMP that his team, in fact,…

Bitcoin (BTC) Technicals Suggest Bearish Drawdown Ahead

Bitcoin Charts Seem Bearish Bitcoin (BTC) may just have bounced back from another sell-off, moving from $7,600 to $8,000, but one analyst is still sure that the cryptocurrency market is currently topping. Analysis group Bravado’s Bitcoin Jack, who seemingly called Bitcoin’s move to $8,000, broke down his thoughts on the matter in a Twitter thread. He notes that Bitcoin recently reached its “FAPFAP” bear market average price level, which Jack claims signals an impending reversal, as he saw similar patterns in gold, the S&P 500, and Bitcoin in its history.…