Day: March 15, 2020

3 Reasons Last Week’s Epic Bitcoin Price Crash Has a Silver Lining

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Bitcoin (BTC) hodlers deserve a pat on the back for making it through this last week, as BTC witnessed its largest sell-off in history, in terms of USD value, causing the leading digital asset to shed $70bn of its market cap in a single 24-hour period. I shudder to think about the fortunes that were lost, but as we are left reeling in the aftermath of this selloff, a question remains. Could anyone have seen this coming? And has the outlook for Bitcoin now changed? These are two questions I…

As Wallet Brands Seek an Edge Over the Competition; Hodler’s Win With Earning Opportunities

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Are you missing out on the latest features from crypto wallet services? As global investors get more familiar with cryptocurrencies, the focus of related investor news has begun to change. In the beginning, a lot of the focus was on the assets themselves – what to buy, when to buy it, and most importantly, how these digital assets work. Now that many investors on the vanguard of cryptocurrency markets have learned a lot of these things, there are new types of strategies that experts are recommending, and many of these…

As Wallet Brands Seek an Edge Over the Competition; Hodler’s Win With Earning Opportunities

boss

Are you missing out on the latest features from crypto wallet services? As global investors get more familiar with cryptocurrencies, the focus of related investor news has begun to change. In the beginning, a lot of the focus was on the assets themselves – what to buy, when to buy it, and most importantly, how these digital assets work. Now that many investors on the vanguard of cryptocurrency markets have learned a lot of these things, there are new types of strategies that experts are recommending, and many of these…

This Token Surged 65% in March despite Crypto Market’s $86.35B Loss

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A dollar invested in Tachyon Protocol’s IPX token at the beginning of March has returned $1.65 by the mid. The newborn cryptocurrency went live on HitBTC on February 25, 2020, the day the crypto market suffered about $12 billion worth of intraday loss. It naturally took a toll owing to the wider selling sentiment, eventually losing 12.56 percent of its value after hitting the February closing bell. IPX edges into positive territory even though its top peers decline | Source: CoinMarketCap.com Nevertheless, IPX rebounded as it headed into March, surging…

ING Backed Hqlax to Target Institutional Investors, Says Platform’s COO

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Following an undisclosed investment into Hqlax from Dutch multinational bank ING on March 6, Cointelegraph spoke to Nick Short, the COO of tokenized securities firm. Short describes ING as one of the company’s “longest-standing strategic partners,” emphasizing that the two firms have collaborated in developing and testing Hqlax’s tokenized securities platform for over two years. The two companies first partnered in 2017, with Hqlax launching an initiative to “develop DLT-driven solutions for more efficient and cost-effective liquidity management and collateral management in the global securities financing markets” alongside enterprise blockchain…

French Court Moves the BTC Chess Piece — How Will Regulators Respond?

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The Commercial Court of Nanterre’s Feb. 26 ruling that Bitcoin (BTC) is a fungible, intangible asset sent some ripples through the French crypto community, and beyond. This may seem surprising, given that this was a lower court decision and, moreover, one that did not declare BTC a currency or fiat money — as some news stories reported — but just a fungible asset like money.  The ruling is “an important milestone for further development of the crypto market, particularly in France,” Roman Matkovskyy — associate professor at the Rennes School…

‘Extreme Fear’ Grips Markets Despite Oversold Bitcoin Price Metrics

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Compared to the trading action of earlier this week, Bitcoin’s (BTC) price was relatively muted on Saturday as the digital asset traded between $5,045 and $5,641. Although the digital asset dropped more than 50.8% on March 12, it has since regained 37.5% to trade at $5,200.  Crypto market daily price chart. Source: Coin360 Many in the crypto space are still attempting to piece together a narrative that explains the carnage of the past week and for the time being, the weekend closure of major equities markets appears to be mitigating…

Jeffrey Wernick on Cointelegraph China Focus

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Welcome to Cointelegraph China Focus. Focus is a new talk show series launched by Cointelegraph China that covers the hottest topics from around the world. Cointelegraph China Focus invites blockchain industry leaders from all around the globe to participate in discussions. The show is hosted by Vadim Krekotin, the co-founder and CEO of Cointelegraph China. Jeffrey Wernick is a postgraduate student at the University of Chicago studying economics and finance. He has studied under several Nobel laureates, is a successful entrepreneur and is a seasoned private investor in various asset…

Bitcoin Trading Near Make-or-Break Levels: Can Bulls Make It?

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Bitcoin is currently correcting higher from the $3,906 swing low against the US Dollar. BTC is now forming a crucial breakout pattern, which is likely to decide the next move. Bitcoin price seems to be facing a lot of hurdles on the upside near $5,500 and $5,950. The price is now trading well below $6,500 pivot area and the 100 simple moving average (4-hours). There is a crucial contracting triangle forming with resistance near $5,350 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could…

Ethereum Signaling Bearish Continuation To $100: Here’s Why

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Ethereum corrected higher after a massive decline towards $90 against the US Dollar, similar to bitcoin. ETH price is struggling to correct above $130 and it could resume its decline. ETH price is showing a few bearish signs below the $130 and $140 levels against the US Dollar. The price is trading with a bearish angle, with supports near $110 and $105. There are two bearish trend lines forming with resistance near $130 and $142 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains at a…