April 4, 2020

What’s Next For Bitcoin After Brutal Rejection At Key $7,000 Price Point?

April 4, 2020 boss

Just two hours ago, Bitcoin started to rally after trading at $6,700 for most of Saturday morning and afternoon, rallying as high as $7,020 in a vertical move that brought the asset 4%. But, as fast as the cryptocurrency rallied, it was rejected, returning to where it began just minutes later — a loss for bulls hoping BTC could establish a higher high on the daily chart. Joe McCann — a noted crypto trader and an AI/Cloud specialist at Microsoft — remarked that the recent explosive move is most likely…

What’s Next For Bitcoin After Brutal Rejection At Key $7,000 Price Point?

April 4, 2020 boss

Cryptocurrency News From Japan: March 29

April 4, 2020 boss

This week’s headlines from Japan included the country’s Financial Services Agency revealing feedback from the public on recent regulation, the Cabinet Office Ordinance announcing regulatory changes, Zaif exchange removing three crypto assets, BitBank’s COO predicting crypto exchange mergers, and Nomura Research Institute issuing Japan’s first blockchain-based bond. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Japanese FSA receives comments on new regulations The Japanese Financial Services Agency, or FSA, unveiled 172 comments from citizens and groups, pertaining to recent crypto asset laws taking…

Retail Bought $3.7K Bitcoin Price Dip on Record $76B Volume: Report

April 4, 2020 boss

Although the Coronavirus pandemic has led many brick and mortar industries to close operations, cryptocurrency exchanges seem to have had their best month in a long time. According to an exchange report released by CryptoCompare, Bitcoin (BTC) trading volume saw record-breaking numbers throughout the month. Cryptocurrency market daily view. Source: Coin360 The March 13 market crash that brought the Bitcoin price from $8,000 to a low of $3,800 in 24 hours registered the biggest day for crypto in terms of trading volumes registered at Bitcoin spot markets. On March 13 alone,…

Bitcoin’s Hedging Performance in the Wake of the Coronavirus Outbreak

April 4, 2020 boss

The recent coronavirus outbreak has far-reaching consequences beyond the spread of the disease and efforts to quarantine it. Recently, we’ve experienced one of the most severe stock market crashes in modern times: On March 9, 2020, the Dow Jones Industrial Average recorded a drop of -7.8%, which happened to be its worst single-day loss ever. However, on Thursday, March 12, 2020, the Dow then recorded the fifth-largest drop in modern history based on percentage points by a staggering amount of almost 10%. Unfortunately, the losses did not stop there. Four…

SEC Alleges Minority Communities Targeted By Bottled Water Scam

April 4, 2020 boss

The United States Securities and Exchange Commission has charged a former pastor and his wife for stealing $500,000 through a trio of fraudulent businesses, including a cryptocurrency offering purportedly backed by a bottled water business. According to a complaint filed on April 2, the pair also sold fake shares in their struggling water business, Teshuater, in addition to conjuring up a non-existent Bitcoin (BTC) mining outfit to dupe investors in Houston, Texas. Former pastor offers 1,400% returns overnight The complaint alleges that Larry and Shuwana Leonard “targeted investors in the…

Minority Communities Targeted By Crypto Bottled Water Scam

April 4, 2020 boss