Month: May 2019

Bitcoin Has Obliterated the Top Dow, Nasdaq, & S&P 500 Stocks in 2019

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By CCN: Gaining an eye-popping 135%, bitcoin has smoked even the most impressive U.S. stocks this year. Even if you take the top performers from the Dow Jones Industrial Average, S&P 500, and Nasdaq – which are Cisco Systems (CSCO), Xerox (XRX), and Beyond Meat (BYND), respectively – they can’t touch BTC/USD for returns. Here are the charts to prove it. Dow’s Best Stock Can’t Touch Bitcoin in 2019 Dow’s Best vs. Bitcoin | Source: Yahoo Finance Cisco Systems has benefitted from a restructuring spearheaded by CEO Chuck Robbins and…

Binance Sees ‘All-Time Traffic High’ Amid Bitcoin Boom, A Sign Of Returning Interest?

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The crypto market has experienced a zany past 24 hours. Bitcoin (BTC) popped up by 8%, as per CoinMarketCap, and most other digital assets posted strong gains. With this recent move, “cryptocurrency” has graced mainstream media headlines and money has begun to flood back into this space. Related Reading: Analysts Foresee Bitcoin Surging to $10,000 Without a Pullback as it Hits $8,947 What’s more, Binance, one of the largest digital asset exchanges, purportedly (according to chief executive Changpeng Zhao) saw a system traffic all-time high, “by far”. Considering that the…

Binance Sees ‘All-Time Traffic High’ Amid Bitcoin Boom, A Sign Of Returning Interest?

boss

The crypto market has experienced a zany past 24 hours. Bitcoin (BTC) popped up by 8%, as per CoinMarketCap, and most other digital assets posted strong gains. With this recent move, “cryptocurrency” has graced mainstream media headlines and money has begun to flood back into this space. Related Reading: Analysts Foresee Bitcoin Surging to $10,000 Without a Pullback as it Hits $8,947 What’s more, Binance, one of the largest digital asset exchanges, purportedly (according to chief executive Changpeng Zhao) saw a system traffic all-time high, “by far”. Considering that the…

Bitcoin Hits All-Time High Versus Argentine Peso Amid Presidential Election Risks

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The biggest cryptocurrency, bitcoin (BTC), has hit an all-time high versus the Argentine peso amid the ongoing decline of the currency, Financial Times (FT) reports on May 27. According to the report, the bitcoin price has soared to as high as 394,000 pesos ($8,762.95 at press time) per coin, exceeding prices versus the Argentine peso not seen since the bubble in late 2017. Bitcoin price against Argentine peso since 2017. Source: BitcoinAverage The new all-time high of bitcoin versus the peso takes place amid a crypto bull market this year,…

Bitcoin Market Efficient But Small, BTC Bulls Aiming At $10,000

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Bitcoin adds 10.7 percent in 24 hours Bitwise says Bitcoin spot and arbitrage markets more efficient For the first time this year, Bitcoin is trading above $8,500 as bulls take charge. In line with prevailing sentiment and candlestick arrangement, it is likely that BTC will rally towards the psychological $10,000 mark. Bitcoin Price Analysis Fundamentals There is excitement around Bitcoin and crypto market in general. Often, the former does drag or lift the latter. At the moment, the spike in price and participation is permeating to the altcoin market. After…

70 Days to Litecoin Halving but LTC is Soaring, at New 2019 Highs

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Litecoin add 16.5 percent in 24 hours August halving may be the reason behind price expansion In the top 10, Litecoin is one of the top performers, surging 16.5 percent at the time of writing. Even so, we expect more gains in days ahead of August halving. Litecoin Price Analysis Fundamentals After a brutal 2018, Litecoin prices are once again, rallying. It’s pure bliss for traders as well as investors who had to persevere the biting “crypto winter.” At the time of writing, Litecoin is trading at $117, leaping more…

Room Full of Bitcoin Miners: Fidelity Strongly Believes in Crypto

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Photo: Fidelity Investments / Twitter Though some people still believe that financial institutions and other big corporations are not interested in Bitcoin and altcoins at all, it’s not true. According to the recently revealed information, one of the most prominent names on Wall Street, Fidelity Investments, has BTC and still continues to mine it. Fidelity Investment is the US-based multinational financial services corporation. It is known to be one of the leaders in offering such services as investing, brokerage and retirement plans. And now it really seems that the company…

Central Bank of Malawi Says Crypto Is Not Legal Tender, Warns of Trading Risks

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The central bank of Malawi announced that crypto is not legal in the country and that the institution is against crypto-related activities, local news agency Nyasa Times reports on May 27. The Reserve Bank of Malawi (RBM) has stated that cryptocurrencies are not legal tender in Malawi and do not represent a substitute to the Malawi kwacha (MWK), the local fiat currency of the southeast African country. The bank has warned its citizens that the government is not planning to recognize investments in cryptocurrencies such as bitcoin (BTC), according to…

Analysts Foresee Bitcoin Surging to $10,000 Without a Pullback as it Hits $8,947

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The bitcoin price jumped on Monday, almost retesting the $9,000-level for the first time since May 2018 in what seemed like a clear bull run. The world’s leading cryptocurrency climbed as much as 13.5 percent, measured from levels on Sunday noon, and was trading at $8947.88 as of 0100 UTC today on US-based Coinbase exchange. The jump brought bitcoin’s maximum year-to-date gains to 142.40 percent, attesting to the end of 2018’s infamous bearish phase that wiped more than 70 percent of bitcoin value from its all-time high at $20,000. Bitcoin…

Big Four Auditor EY Provides Blockchain Solution for New Wine Traceability Platform

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Big Four audit firm Ernst & Young (EY) is providing its proprietary blockchain solution for a major new platform that helps consumers across Asia determine the quality, provenance and authenticity of imported European wines. The news was revealed in an official EY press release on May 23. The e-commerce platform, dubbed Tattoo, has been developed for Blockchain Wine Pte. Ltd. using EY’s OpsChain blockchain solution, which launched in fall 2018. As reported, the solution is EY’s flagship blockchain product, enabling secure and private transactions to take place on the Ethereum…