Day: April 15, 2020

Bitcoin Showing Signs of Recovery But This Trend Line Could Be Game Changer

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Bitcoin is showing a few recovery signs above the $6,760 support against the US Dollar. However, BTC price is still trading below a key bearish trend line and $7,000. Bitcoin is currently correcting higher and trading above $6,800 against the US Dollar. The bulls are showing a lot of resilience above $6,600, but the price is still facing many hurdles. This week’s key bearish trend line is active with resistance near $7,040 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must gain strength above…

Bitfinex’s BTC Holdings Decrease by One-Third in a Month

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Bitfinex’s Bitcoin (BTC) holdings have decreased by 66,000 in the past four weeks. On March 17, the exchange held 200,140 Bitcoin. By April 13 this amount had dwindled by 33%, to just 134,091 Bitcoin. The massive decrease mirrors that experienced by BitMEX, which saw a 38% percent decline in its Bitcoin holdings after the mid-March “flash crash”. Source: TokenAnalyst Bitfinex BTC Balances & Net Flow. There has been an overall trend recently of users moving their digital assets off exchanges, but most saw much more minor decreases. One exchange, Poloniex even…

Surge in Crypto Emergency App Downloads Due to COVID-19

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Crypto-based emergency app Guardian Circle has seen a huge surge in monthly downloads due to the coronavirus crisis. According to figures supplied by the project to Cointelegraph, more than 5150 new users downloaded the app in March. That represents monthly growth of 2582% for the three year old app, which had struggled to attract attention in peacetime. In January, a little over 300 new users signed up. But while the current crisis has seen the app’s popularity increase, it’s also threatening the project’s future. What is Guardian Circle? The official…

April Mining Farm Update

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Today I’ll be giving a run down of what I’m mining, and how I am handling my coins. I hope everyone is doing well during this tough time! *New* Discord: … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Bitcoin at Risk as IMF Warns of Worst Downturn in 90 years

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The International Monetary Fund (IMF) has published a stark prediction that the unprecedented global economic slowdown triggered by ‘the great lockdown’ will get much worse before it gets better. With Bitcoin (BTC) experiencing a record correlation with the traditional markets, the cryptocurrency needs to break away from the S&P 500 if it has any chance of producing the highly anticipated post-halving bull run. IMF drops global growth estimate by 6.3% On April 14, the IMF published its quarterly World Economic Outlook report, describing the COVID-19 induced lockdown as the worst…

Berlin Real Estate Worth $12M Tokenized for Everyday Investors

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Germany’s Black Manta Capital Partners has launched a security token offering (STO) for Berlin real estate worth more than $12 million. The project is a collaboration with the German real estate firm Tigris Immobilien and includes around 2000 square metres of real estate in total, mostly comprising individual apartments from 40 to 60 square meters in size. Construction is expected to be complete by 2022 and units will be sold to investors and owner-occupiers. Token holders will share 20% of the sale profits through securitized participation rights. The company said…