April 29, 2020

And the Best-Performing Asset of 2020 Is… Bitcoin

April 29, 2020 boss

The bitcoin price peaked at $8,970 Wednesday, the highest since early March. An upsurge in trading volume and search interest suggest FOMO-buying is back in play. Bitcoin will undergo its next halving event in roughly 12 days. Don’t look now, but bitcoin is making a fast approach on $9,000–signaling a new wave of FOMO buying among retail investors. The largest cryptocurrency by market cap is now up more than 22% year-to-date, overtaking gold as the best-performing asset of 2020. Bitcoin Price Update After being rangebound for much of April, bitcoin’s…

Binance Trading Volume Reaches All-Time High Amid Bitcoin’s Price Surge

April 29, 2020 boss

As the Bitcoin price skyrocketed close to $9000 on April 29, Changpeng Zhao, or CZ, announced that Binance, the world’s largest crypto exchange, has hit $11 billion in trading volume over the past 24 hours. This number is considered an all-time high for the exchange. According to CZ’s post, the last time the exchange came near $11 billion was in early 2018. Today they reached a new record in terms of trading volume. Source: CZ Twitter Post Crypto community is bullish Crypto traders responded positively about the exchange’s ATH volume. Some…

Brave Browser Reports That EU Governments Are Failing at Privacy Protection

April 29, 2020 boss

On April 27, Brave browser filed a complaint urging the European Commission to take action against EU governments that fail to adequately protect their citizens. A recent report compiled by the Brave team concludes that most EU member states do not adequately staff their General Data Protection Regulation, or GDPR, enforcers: “Only five of Europe’s 28 national GDPR enforcers have more than 10 tech specialists. Europe’s GDPR enforcers do not have the capacity to investigate Big Tech.” Source: Brave Regulators can’t afford to fight for privacy Furthermore, the report stipulates…

cryptocurrency market price analysis

April 29, 2020 boss

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London Bitcoin Miner Argo Blockchain Reports 1,000% Revenue Increase to $10 Million

April 29, 2020 boss

London Stock Exchange-listed bitcoin miner Argo Blockchain Plc said on Wednesday full-year 2019 revenue rocketed 1,000% to £8.62 million ($10.78 million) from £760,000 a year earlier. The company stated that the increase was due to a realignment of operations, from consumer-oriented mining as a service (MaaS) business to a proprietary mining model. Based in London, Argo Blockchain operates at least 17,000 BTC mining machines at three sites in Quebec, Canada, leveraging the region’s cheap hydroelectricity. It listed on the LSE in August 2018, and until recently, mainly operated mining rigs…

Europe’s Crypto Believers on the Rise Amid COVID-19 Crisis, bitFlyer Says

April 29, 2020 boss

Europeans are getting more confident about the future of the cryptocurrency industry amid the coronavirus pandemic, according to a new report. People in Europe are becoming more optimistic about the Blockchain space. In 2020, more Europeans believe that crypto will exist in 10 years than ever before, bitFLyer exchange reported on April 29. Amount of crypto believers in Europe edges up 3% in 2020 According to a new survey by bitFLyer, the number of Europeans who believe that crypto will still exist in 10 years has edged up from 63%…

Bitcoin-Themed Manga Debuts in Japan Amid Anime Creation Crisis

April 29, 2020 boss

A new Bitcoin-themed manga series is set to be published amid a growing interest in crypto. The series, titled “Genesis Code”, has already debuted in Japan. It is compiled by the Young Animal manga magazine and distributed by the Tokyo-based publisher, Hakusensha. The publisher released a promotional video on April 28 with the front cover of the first edition. The cover shows the manga’s hero holding a coin emblazoned with the Bitcoin (BTC) logo. The story that surrounds the manga series According to a synopsis published by the series’ official…

Market Wrap: Bitcoin’s Price Tear Suggests It’s FOMO Time Again

April 29, 2020 boss

There’s an old saying on Wall Street that financial markets are driven by two emotions, fear and greed. In the crypto markets, the driver is often a combination of the two: fear of missing out. The FOMO, as it’s often called, looked strong Wednesday as bitcoin jumped to its highest levels in nearly two months, rising as high as $8,900 while a buoyant stock market shrugged off bad economic data. At press time, the world’s largest cryptocurrency by market capitalization was up an eye-catching 14% over 24 hours at $8,851,…

Market Wrap: Bitcoin’s Price Tear Suggests It’s FOMO Time Again

April 29, 2020 boss

The Bitcoin Sign You’ve Been Waiting For!

April 29, 2020 boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This market trading analysis applies to various exchanges, including Bitmex and Binance. Tackling questions like if Bitcoin can reach 20k again and if we will be seeing a crypto currency market recovery this year. Things like the lightning network have provided huge improvements for BTC and while it is true that others like Roger Ver with Bitcoin Cash (bcash) may disagree, I do see these blockchain technology innovations to be very bullish fundamental signs for the space. To join VIP, click on…