Day: April 24, 2020

Discover Centyfy Social Network | CCG

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Centyfy is a Web 3.0 social network exclusively monetized on the Stellar blockchain based stable value CENTY crypto token. 1 CENTY = .01 U$D. What is CENTY token? CENTY is a Stellar asset which was conceived as a “multipurpose” stable crypto token. Being pegged to the US cent, it can be used as an anchor to be paired with any cryptocurrency on any exchange. It can be traded for any crypto/fiat asset. It can be used for remittance services anywhere. It can be used as micropayments (as on Centyfy) or…

Statement in response to details about an NHSX contact tracing app to help deal with the COVID-19 pandemic

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Historical CME Pattern Suggests Bitcoin Rally to $7.7k is Likely to Brutally Reverse

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The Bitcoin price rose to as high as $7,770 on major cryptocurrency exchanges on April 23. The abrupt upsurge coincided with the expiration of CME’s BTC futures contracts for April. Data from Skew indicates that the CME Bitcoin futures volume and open interest spiked to a monthly high. The surge in trading activity preceded the fast increase of the BTC price to above $7,000. CME Bitcoin futures saw monthly high volume on April 23 (Source: Skew) Bitcoin price historically sees large movement on the 24th of every month The CME…

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BitMEX to Launch Bitcoin-Settled Futures Tracking Ether Price Against Dollar

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Cryptocurrency exchange BitMEX announced a new Ether (ETH)-based futures contract on its trading platform. According to an April 24 announcement, the new derivative contract will feature a fixed Bitcoin (BTC) multiplier which will be unaffected by the Ether price in U.S. dollars. BitMEX explains that this feature allows traders to long or short Ether’s USD exchange rate without holding either ETH or dollars. The announcement explains: “Traders post margin in XBT [Bitcoin], and earn or lose Bitcoin as the ETH/USD rate changes.” The exchange plans to launch the ETHUSD futures…

‘Boomers Are F*cked’ — New Macro Report Forecasts $1M Bitcoin by 2025

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Bitcoin (BTC) can rally to $1 million but coronavirus means that the baby boomer generation is “fucked,” a damning new macro report concludes. Originally published to clients on March 30, the report from Global Macro Investor dubbed “The Unfolding” paints a dismal future for the financial market. Pal: Boomers “will sell every rally they can” According to CEO Raoul Pal, who authored the report, coronavirus has fuelled the fire of systemic weakness across global markets. “The damage this does to the US pension system is incomprehensible. The Baby Boomers will…

Bitcoin Email Scams 2020: Threatening Blackmail Tactics Used to Demand BTC

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The number of bitcoin email scams has been growing in 2020 and the authorities in several countries have warned of new blackmail tactics used in threatening email scams asking for bitcoin. As the world scrambles to cope with the coronavirus pandemic and economic crisis, email scams are taking advantage of people’s fear to extort bitcoin. Bitcoin Email Scams 2020 The coronavirus crisis has caused a lot of panic and scammers are taking advantage of people’s fear. Those looking to blackmail victims for bitcoin know no borders as bitcoin blackmail email…

April 20th Bitcoin Cryptocurrency Market Update

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How USDT Burn Impacts Bitcoin | Covid-19 and Cryptocurrency | Sharering

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The global bitcoin and cryptocurrency is mostly being traded against stablecoin USDT. Data shared by Unfolded suggested that Tether’s market capitalization hit $7 billion, or approximately 3.4% of the entire industry’s value. It appears that growth is slowing, though. In fact, Whale Alert, a Twitter bot tracking large Bitcoin and other cryptocurrency transactions, recently revealed that $220 million worth of the cryptocurrency was burned by the Tether treasury’s wallet. OIL’S COLLAPSE IS A WARNING SIGN says Karen Ward, the chief market strategist…

Demand for Bitcoin Surges in Argentina as Default Looms

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The volume of Bitcoin (BTC) in Argentine pesos has risen exponentially since the 2018 cryptocurrency crash, as the country faces a possible default on $65 billion in foreign debt. Arcane Research posted data to Twitter on April 23 showing that the weekly volume of Bitcoin purchased with Argentine pesos has jumped 1028% since January 2018. However, the volume from BTC and USD has also shown substantial increases of 407% and 139%, respectively. Source: Twitter This surge is happening “as the government is about to default on its debt and the…