Bitcoin price (BTC) has been declining amid the recent coronavirus developments as today media reported that patients in the UK and Russia tested positive for the virus. The declining trend has been followed by major cryptocurrencies. Cryptocurrency market daily overview. Source: Coin360 In a day that will mark the departure of the United Kingdom (11 p.m. UTC) from the European Union and the confirmation of 2 cases of coronavirus virus infection in the UK, BTC/GBP pair has been declining by more than 3.7% since midnight. Looking at the 15-minute timeframe,…
Month: January 2020
Scotland’s Bitcoiners Share Canny Tales of ‘Buying the Dip’
This reporter attended his first bitcoin meetup in sunny Scotland on Thursday. It took place in the Bayes Centre – Edinburgh University’s snazzy artificial intelligence and data science hub. It also happens to be the spot where IOHK, the creators of the Cardano cryptocurrency, helped establish a Blockchain Technology Laboratory. The topic of the meetup, “Bitcoin, Wealth and Wisdom,” afforded a forensic examination of the largest cryptocurrency’s rollercoaster cycle of price bubbles and corrections with plenty of examples of the emotional trauma that accompanied the ride. But what appeared, prima…
How Fund Managers View Lending and Staking: 3 Takeaways From a CoinDesk Research Webinar
Not everyone is totally excited about DeFi. Volatile crypto is nurturing its fixed-income side. Crypto lending activity is growing on decentralized finance (DeFi) networks. Staking, where investors reap payments for locking up assets in functions essential to network protocols, is moving into crypto’s mainstream, with large crypto exchanges offering staking services for users. Chart of ETH locked in DeFi lending platforms vs timeSource: CoinDesk Research The slide above shows the growing popularity of one category of crypto lending, DeFi, among ethereum investors. (You can see that slide and others measuring…
Google Reinstates Bitcoin Rewards Game Suspended for ‘Deceptive Practices’
Bitcoin Blast, a mobile game that gives users small amounts of bitcoin for playing, has been reinstated to the Google Play store. The game was yanked from the app distribution venue last week with little explanation, said Amy Wan, CEO of Bling, the company behind the app. Google reinstated the game on Jan. 30, shortly after the GooglePlayDev Twitter account reached out to Bling. This happened after Bling conducted its own Twitter campaign, Wan said. Google did not provide any further clarity around why the game was originally pulled. The…
Seychelles’ Stock Exchange Will List Ethereum Tokens Representing Supercars
Hankering for a Ferrari? Well, the only licensed stock exchange in Seychelles, an island nation in the Indian Ocean, is listing tokenized collectible cars worth over $200 million for retail and institutional investors. MERJ said Friday it is partnering with CurioInvest, a tokenization platform building on ethereum, to create tokens representing shares in “supercars” like the Ferrari. While the sale is open to institutional and retail investors, purchases are expected to be driven by institutional investors and those from regions with restrictions on auto imports, such as China. A $1.1…
Seychelles’ Stock Exchange Will List Ethereum Tokens Representing Supercars
Hankering for a Ferrari? Well, the only licensed stock exchange in Seychelles, an island nation in the Indian Ocean, is listing tokenized collectible cars worth over $200 million for retail and institutional investors. MERJ said Friday it is partnering with CurioInvest, a tokenization platform building on ethereum, to create tokens representing shares in “supercars” like the Ferrari. While the sale is open to institutional and retail investors, purchases are expected to be driven by institutional investors and those from regions with restrictions on auto imports, such as China. A $1.1…
Bitcoin Futures CME Trading Generates $100 Billion in Volume Since 2017
One of the products that have become particularly important to the continued growth of the crypto industry is Bitcoin futures. The derivative product has become one of the most heavily traded crypto-based securities. Key Drivers The Chicago Mercantile Exchange (CME) revealed its actual figures with regard to this particular product yesterday. The futures contracts have been traded on the exchange since 2017, and one of the top executives revealed that the total volume of the trades has been pegged at $100 billion. Tim McCourt, who is the Global Head of…
Price Analysis Jan 31: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, ADA, ETC
The bears are attempting to stall the current rally but bulls are likely to defend the closest support levels, suggesting each dip represents a buying opportunity. Morgan Creek Capital CEO Mark Yusko believes that Bitcoin should be a part of every investment portfolio. The performance analysis of the past five years shows that even portfolios that only held 1% of their total investments in Bitcoin managed to outperform their competitors. Bitcoin offers a ten-to-one downside capture, which makes it one of the most asymmetric assets that Yusko has ever seen.…
Bitcoin SV Plunges as Founder Admits to Whale Involvement
That Bitcoin SV (BSV) price rally is appearing to hit an end. The fifth-largest cryptocurrency by market capitalization suffered huge losses during the Friday trade as its rate plunged by up to 12.36 percent. The move downhill led Bitcoin SV to establish an intraday low of $261.29. At its monthly best, it was trading at $458.74. Bitcoin SV this Friday was down by up to 43.04 percent from its monthly top | Source: TradingView.com, BitFinex The weak intraday performance was accompanied by a lower daily volume. That itself raised concerns…
The Founders of Synthetix and Chainlink on DeFi, Derivatives and 25 New Decentralized Price Feeds
Yesterday Chainlink released price reference data for 25 of its decentralized oracle networks which, together, power more than $100m in DeFi. On this special interview episode, @nlw talks with Sergey Nazarov and Kain Warwick, the founders of Chainlink and Synthetix respectively about: Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source