Day: January 12, 2021

Traders Complain About Exchange Issues and Downtime During Bitcoin’s Volatile Price Swings

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As bitcoin and a number of digital assets saw deep losses on Monday, a few crypto-asset exchanges had difficulties. Traders have been complaining about issues with exchanges like Coinbase, Kraken, and other trading platforms during the volatile price swings. Bitcoin (BTC) and many other cryptocurrencies have suffered a dip in value during the course of the day on Monday. While all the action happened, members of the crypto community and traders started complaining about exchange issues. “Coinbase couldn’t really couldn’t be performing any worse during these high volatility situations,” The…

Why This Economist Expects Bitcoin to Range Before Seeing a Breakout to $50k

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Bitcoin has been caught in the throes of immense volatility as of late, with buyers losing their edge over its price action The cryptocurrency is now, once again, drifting down towards the lower-$30,000 region, which is around where it has been trading throughout the past few weeks Where the entire market trends next will undoubtedly depend on Bitcoin’s reaction to its $30,000 support, as a break below here could prove to be dire for the entire market One economist believes that BTC will soon see a prolonged bout of rangebound…

RIPPLE XRP BREAKING NEWS!!! Elon Musk Tweets – “Bitcoin Is Almost As BS As Fiat Money”

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Signal and Telegram Downloads Skyrocket After WhatsApp’s New Service Policy

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Now WhatsApp is actively trying to calm down and keep its users by addressing their concerns. The new privacy policy from WhatsApp had a massive backlash for the company, as now users are moving away from it and choosing other messaging platforms instead. According to Apptopia, Signal and Telegram downloads have skyrocketed 4,200%. The move comes after WhatsApp recently shared its new terms of services, stating users would have to agree to share personal information with subsidiaries like Facebook Inc (NASDAQ: FB), including current location, phone numbers, and all kinds…

Swap fees exceed impermanent loss insurance costs

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Bancor has released a status report for its v2.1 decentralized exchange upgrade covering the performance of its decentralized exchange over the last three months. According to the document, the total liquidity increased by almost 100% resulting in the platform earning about $1.12 million in cumulative swap fees. Bancor’s report noted that the fee earnings were more than five times the cost required for impermanent loss compensation for liquidity providers. Indeed, impermanent loss management was a major focus of the v2.1 upgrade as noted by Cointelegraph back in October 2020. While…

Bitcoin (BTC) Could Reclaim $38k then Slow Down – Report

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Summary: Bitcoin fell from $41k to $30,300 in less than 48 hours This is a drop of over $10k or 26% Bitcoin has since rebounded and rejected at the $36,600 price area However, $38k could be possible after which Bitcoin’s bullish momentum will slow down This past week’s weekly close will go down in history as one of the largest drops of Bitcoin since the coronavirus crash of March 2020. Late Sunday found Bitcoin trading at $41k only for the King of Crypto to drop to as low as $30,300…

Bitcoin Price on Verge of Weekend Plunge Recovery

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As the volatility spikes by the day, Bitcoin’s average transaction fees have scaled to their highest since 2018, around $13.82. Bitcoin price had continued its recovery from the weekend’s plunge on Tuesday. Notably, the asset dropped from trading its all-time high around $41k to around $30k. However, Bitcoin price at the time of writing was trading around $35k according to metrics provided by CoinMarketCap. Having jumped around 4% in the past 24-hours, most analysts infer that the Bitcoin price drop was a healthy market correction. Particularly due to the fact…

Mining Bitcoin || Penghasil uang crypto || koin binance (BNB) || Faucet Cryptocurrency Gratis

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Bitcoin’s 20% rebound in one day is one of its biggest ever — But there’s a catch

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The price of Bitcoin (BTC) rose 20% on Jan. 12 from $30,500 to around $36,600 across major exchanges. But while the rebound after the correction has been strong, there are two warning signs. BTC/USDT 1-hour price chart (Binance). Source: TradingView.com First, the funding rate in the futures market remains high. The funding rate is a mechanism that incentivizes the minority of the market. For example, if there are fewer short-sellers in the market, then buyers have to pay short-sellers a fee every eight hours. If the funding rate is high, it…

COVID-19: Indian Black Marketeers Offering Vaccines for Bitcoin 

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Indian black marketeers have started offering unapproved COVID-19 vaccines to desperate high-profile patients in the region in exchange for bitcoin (BTC). So far, over 151k Indians have been killed by the virus and the government is yet to officially approve any vaccine, according to reports on January 12, 2021. Bitcoin for Vaccines While the total number of daily new cases of COVID-19 is steadily decreasing across India, there is still widespread fear, uncertainty and doubt in the hearts of some high profile individuals suffering from the disease in the region…