BITCOIN TANKS AFTER OIL’S COLOSSAL COLLAPSE, BUT THE BULL CASE REMAINS STRONG | BTC News Today

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ➡️ TEEKA TIWARI – Investment of the Decade: #Bitcoin was in for a surprise plunge this Monday as investors assessed the situation in a worrisome oil market. The #BTC price fell by 4.30 percent to circa $6,748 per token shortly after the US oil futures price slipped into negative territory for the first time. The two assets remain non-correlated, but Bitcoin’s growing correspondence to the stock market amid the fast-spreading coronavirus pandemic might have led to the Bitcoin price decline. The Dow Jones Industrial…

OKCoin Brings Two Industry Vets Onboard Amid Global Expansion

Global crypto exchange, OKCoin, has added two new members to its top bass — Haider Rafique, Blockchain.com’s former head of growth, and Megan Monroe-Coleman, Coinbase’s previous compliance executive. Megan Monroe-Coleman comes on board as the outfit’s global chief compliance officer, while Haider Rafique takes the role of global chief marketing officer, said a statement provided to Cointelegraph.  OKCoin in the midst of expansion OKCoin has shown several expansion efforts so far in 2020. The exchange brought in former Goldman Sach’s staff, Hong Fang, as CEO in early March. At the same…

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Miners in Europe Gear Up for Bitcoin Halving, but Energy Costs Still a Barrier

As the Bitcoin halving approaches, miners across the world have been forced to make adjustments in order to adapt. The halving will see Bitcoin’s (BTC) production cost double overnight, but luckily the cryptocurrency has been reacting positively to the upcoming event. While almost everyone in crypto is bullish about the event, and with good reason, the path ahead for Bitcoin’s price post-halving is unknown, especially given the coronavirus pandemic and the massive wave of unemployment that has come with it. While it may be a stressful event for holders of…

Michelle Phan: The Beauty of Bitcoin

The first woman to gain more than a million YouTube subscribers is now going all-in on bitcoin to promote financial freedom to her loyal fanbase. “I kind of view bitcoin as similar to YouTube, which was part of the decentralization of content,” said beauty mogul Michelle Phan. “[Bitcoin] is the decentralization of power.”  Phan, who turned online beauty tutorials into a $50 million business, learned about bitcoin while researching gold in 2011. When Phan started raking in money on YouTube, she wanted to diversify her holdings.  Phan was attracted to…

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Bitcoin May Have Rallied 170% But Data Shows a “FOMO” Surge Is Possible

Bitcoin has made immense progress since the lows seen in March. As the chart below depicts, from the lows of $3,700, the cryptocurrency has gained in excess of 150%. This rally comes in spite of the global economy, heading into recession — a recession that the Federal Reserve, the Bank of England, and the International Monetary Fund have called the worst in decades. Chart of Bitcoin’s performance since the $3,700 lows seen on March 12th. Chart from TradingView.com It’s an outperformance that has left many wondering how sustainable Bitcoin’s rise…

Bitcoin May Have Rallied 170% But Data Shows a “FOMO” Surge Is Possible

Bitcoin has made immense progress since the lows seen in March. As the chart below depicts, from the lows of $3,700, the cryptocurrency has gained in excess of 150%. This rally comes in spite of the global economy, heading into recession — a recession that the Federal Reserve, the Bank of England, and the International Monetary Fund have called the worst in decades. Chart of Bitcoin’s performance since the $3,700 lows seen on March 12th. Chart from TradingView.com It’s an outperformance that has left many wondering how sustainable Bitcoin’s rise…

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Bitcoin Outlives First Website That Declared it Dead Back in 2010

As the top-rated cryptocurrency by market cap Bitcoin (BTC) pushes onwards towards $10,000, it continues to prove wrong those naysayers who have falsely proclaimed its imminent demise. In fact, as pointed out in a May 8 tweet from the CEO of CoinCorner exchange, Danny Scott, the first website to declare Bitcoin dead back in 2010 no longer exists. Bitcoin defies naysayers for over a decade  In the beginning, there was Bitcoin. Then followed a seemingly endless stream of entities queuing up to proclaim it dead, or worthless, or ”a scam”,…