Day: April 9, 2020

Top Bitcoin Analyst: $7,970 is Possible but a BTC Bottom is Not In

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Quick take: Top Bitcoin analyst cautions that a Bitcoin bottom is not in. BTC might retest $7,970 in the right environment. However, if the stock market crashes again, BTC will also go down. The Bitcoin halving is approximately one month away and BTC is currently holding the earlier mentioned $7,200 – $7,300 support zone. The narrative of BTC’s price experiencing massive gains before this event is slowly losing steam due to the global economic impact of the Coronavirus. The COVID19 pandemic has been described as the needle that broke the…

Sony and Other Major Multinationals File 212 Blockchain Patents in China in 2020

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China has been a hotspot for blockchain patents and development. As Cointelegraph previously reported, the National Intellectual Property Administration of China has awarded 2,191 blockchain patents between 2017 to 2019. Major multinational companies have also shown immense interest in filing blockchain patents in China. The latest Global Times report suggests that 35 multinationals including Microsoft, Walmart, Mastercard, Sony and Intel, had applied for a total of 212 blockchain patents by the end of March 2020. Of all the foreign companies with blockchain patents in China, Mastercard tops the list with…

Why BitMEX CEO Doubled Down

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It’s no secret the past few weeks have been tough for Bitcoin investors. The past month saw a number of horrors: over a billion dollars worth of BitMEX positions were liquidated during the flash crash on March 12th, the cryptocurrency slid 50%, and much more. But, prominent analysts are starting to come to the conclusion that the stars are aligning for the crypto market, certainly for Bitcoin. Related Reading: The Crypto Market Just Put In a “Reliable Bottom Signal”: Can We Trust It? Bitcoin Still Set To Rally 180% In…

BTC to INR: P2P Bitcoin Marketplaces Growing in India

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Ever since the supreme court quashed the banking restriction imposed by the central bank, interest in cryptocurrency has been rising in India, including on peer-to-peer (P2P) marketplaces. The local crypto community is growing despite the nationwide lockdown and rising covid-19 threat. Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? Forget About It P2P Marketplaces for Indian Users Established P2P marketplaces, such as Localbitcoins and Paxful, allow Indians to buy and sell BTC for INR. Paxful, in particular, has been focusing on growing its Indian operations. According…

40X Profits in 5 Mins, Bitcoin Options Drove Futures Traders Crazy

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Every time while the Bitcoin market volatiles, many investors get to be liquidated and some others grab huge profits. Eventually, we found out the truth that barely investors can survive after waves came and out. As we all know, compared with investing in Bitcoins on the spot trading market, futures trading is capable of magnifying the gains based on the effect of its leverages. To gamblers, it can be considered as the “fatal attraction”. Especially when the bull market comes, even you choose any major tokens to buy randomly, you…

Former Bakkt CEO to Sell All Holdings After Insider Trading Accusations

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Following major accusations of insider stock trading during the coronavirus-induced market crash, Senator Kelly Loeffler (R-GA), the former CEO of Bakkt, is liquidating her holdings with her husband. In an April 8 tweet, Loeffler said that she and her husband Jeffrey Sprecher, CEO of ICE, which is the company that owns Bitcoin (BTC) options contracts regulator Bakkt, are liquidating their holdings in managed accounts to focus on tackling the coronavirus situation. “I’m doing it because the issue isn’t worth the distraction” The former CEO of Bakkt has also published an…

Coin Center Calls on Crypto Developers to Protect Freedoms in COVID-19 Era

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Nonprofit cryptocurrency advocacy group Coin Center has appealed to the community to develop tech-based responses to the COVID-19 pandemic that protect civil liberties and privacy. In a post published on April 8, the center’s director of research, Peter Van Valkenburgh, surveyed recent proposals from the Zcash Foundation for Private Contact Tracing Protocols, as well as progress with Decentralized Identifiers by Microsoft Research. “It’s our duty as a community of technologists to be vigilant against the imposition of tracing and identity technologies that could, long term, jeopardize our autonomy and privacy,”…