Day: February 26, 2020

Bombshell 74-Page Report Shows JP Morgan is Closely Exploring Bitcoin Options

boss

Over the past few years, we’ve seen Bitcoin change from a spot trading-only market to one dominated by derivatives — evidenced by the investor activity seen on BitMEX, Deribit, the CME, Bakkt, and other crypto derivatives platforms. Indeed, the lifetime aggregate volume on BitMEX’s XBT swap future recently surmounted $2 trillion, and the CME has been registering hundreds of millions of dollars worth of Bitcoin futures trades each and every day. Related Reading: Why an Analyst is Expecting a 40% Drop in Ripple’s XRP as Crypto Crash Continues The growth…

Coinbase Releases its Plan for the Coronavirus Spread

boss

Every day there are new stories of travel disruptions and public gatherings in Asia being cancelled due to the threat of the COVID-19 virus, AKA the coronavirus. Cryptocurrency and traditional markets have also been affected, with Bitcoin dropping 3% in value due to the virus being detected in Italy. When it comes to crypto exchanges handling the spread of the virus, Coinbase is preparing for the worst case scenario.  According to a document shared publicly by CEO Brian Armstrong, Coinbase is preparing a four-tier escalation response to COVID-19. Each phase…

Xbox Teraflop Tweet Confirms No One Cares About Xbox Series X Specs

boss

Xbox is forced to explain to gamers what a “teraflop” is after confirming the Xbox Series X specs. Response to the tweet suggests that the Xbox Series X power will not be so important to gamers. This could give PS5 a better chance at taking down the console if it has weaker specs. In a post today on Twitter, the official Xbox account explained what a teraflop is. One teraflop is “a unit of computing speed equal to one trillion floating point operations per second,” said the company. The Xbox…

Bitcoin Just Saw A Key Technical Breakdown: Here’s Why BTC Could Dive Below $9K

boss

Bitcoin failed to stay above the $9,500 support and declined more than 5% against the US Dollar. BTC price is now trading in a negative territory and it could slide below $9,000. Bitcoin started a major decline below the $9,500 and $9,350 support levels against the US Dollar. The price is approaching the $9,000 support and remains at a risk of more losses. There is a major bearish trend line forming with resistance near $9,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is…

Ripple (XRP) Is Plunging and Remains Vulnerable To A Drop Below $0.24

boss

Ripple started a strong decline after it broke the $0.2600 support area against the US Dollar. XRP price is currently down 10% and it is likely to extend losses below $0.2400. Ripple price is plunging and it recently tumbled below the $0.2500 support against the US dollar. The price is trading close to the $0.2400 support, below which there could be another slide. There was a break below a major declining channel with support near $0.2470 on the hourly chart of the XRP/USD pair (data source from Kraken). The price…

Ethereum Nosedives 10%, Here Are Important Supports The Bulls Must Watch

boss

Ethereum is down close to 10% and it broke the key $255 support area against the US Dollar. ETH price might continue to slide, but the $230 and $225 levels are likely to provide support. Ethereum is declining heavily and it recently broke the $255 and $250 support levels against the US Dollar. The price is now trading near the $235 level, with key supports near the $230 area. There was a break below a major descending channel with support at $253 on the hourly chart of ETH/USD (data feed…

Bitcoin Plunges Towards $9,000: Where Top Traders Think the Price Will Bottom

boss

I’ve said it once and I’ll say it again: Bulls really can’t catch a break. Over the past few hours, Bitcoin has continued to tank, building on the drop to $9,300 that already transpired on Tuesday morning. As of the time of writing this, the leading cryptocurrency is trading for $9,125, down 4% in the past 24 hours and 13.5% below the $10,550 high seen around ten or so days ago, per data from CoinMarketCap. This latest leg lower has liquidated another $8 million worth of BitMEX long positions, with…

The White House Coronavirus Updates Are Just As Phony as China’s

boss

President Trump and top White House economist Larry Kudlow claimed coronavirus is under control in the United States. But U.S. health officials are warning that the exact opposite is true. The Trump Administration recently criticized China’s coronavirus response for lack of transparency. So why is it lying to Americans now? President Donald Trump claimed Monday that the coronavirus “is very much under control in the USA.” Amazingly, in the same tweet, he encourages people to buy stocks: We’re getting mixed messages from you, Trump. | Source: Twitter It’s hard to…

Unity in Europe — DGen’s Conclusion to Fueling Blockchain Innovation

boss

Besides China’s ongoing struggle with the coronavirus, one of the defining narratives for the world’s largest country entering the new decade was its central bank-issued digital currency. Reportedly in its final phase of testing and ready for rollout in 2020, the Chinese CBDC has sparked speculation and intrigue from governments around the world. Just recently, a Federal Reserve governor detailed how the United States central bank is exploring digital currencies following reports of interest over the last several months. The Bank for International Settlements and several European banks have also…

Unity in Europe — DGen’s Conclusion to Fueling Blockchain Innovation

boss

Besides China’s ongoing struggle with the coronavirus, one of the defining narratives for the world’s largest country entering the new decade was its central bank-issued digital currency. Reportedly in its final phase of testing and ready for rollout in 2020, the Chinese CBDC has sparked speculation and intrigue from governments around the world. Just recently, a Federal Reserve governor detailed how the United States central bank is exploring digital currencies following reports of interest over the last several months. The Bank for International Settlements and several European banks have also…