Day: January 13, 2021

First Mover: Don’t Like $34K Bitcoin? Stellar, Litecoin Yet to Conquer Old Highs

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Bitcoin snapped a four-day losing streak, appearing to stabilize around $34,000. After the recent market correction, prices for the cryptocurrency are still up 18% year-to-date, versus a 1.2% gain for the Standard & Poor’s 500 Index of large U.S. stocks.   “Now is probably not the time to panic,” Matt Blom, head of sales and trading at the cryptocurrency exchange firm Diginex, wrote in a daily newsletter.  In traditional markets, European shares fluctuated and U.S. stock futures were little changed as the U.S. House of Representatives on Wednesday prepared to vote on…

Le prix du BITCOIN à 1 million de dollars d'ici peu?

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Certains ont prédit sa chute, d’autres ont parié sur sa valeur. Ces derniers temps la valeur de la cryptomonnaie bitcoin augmente, mais cela va t’il durer au point d’arriver jusqu’à 1 million de dollars ? 🤔Accède maintenant au dernier atelier: ⬇️***********************************************⬇️ Les formations avancées, pour les investisseurs: – Investir en crypto (de façon automatique): – Investir en bourse grâce aux ETFs: – Se protéger de la prochaine crise et en profiter: *********************************************** 💸 8€ de bitcoin offerts 📈 Ma plateforme pour acheter…

Why is Bitcoin seeing extreme price moves?

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Nearly $1 billion worth of Bitcoin (BTC) futures contracts were liquidated on Jan. 13, a day after the big shakeout. The continuous loop of liquidations is causing extreme volatility and large price swings in the cryptocurrency market. Total Bitcoin liquidations. Source: Bybt.com What are futures liquidations, and why are so many Bitcoin positions being liquidated? In the Bitcoin futures market, traders borrow additional capital to bet against or for Bitcoin. The technical term for this is leverage, and when traders use high leverage, the liquidation threshold gets tighter. For example,…

Four cryptocurrency block reward halvings to look out for in 2021

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Block reward halvings cut the rate at which new coins are generated on a given blockchain by 50%. Such events, known jokingly as “halvenings,” have long been anticipated by cryptocurrency traders as catalysts for pushing up the price of their cryptocurrency holdings. Past attempts to predict when Bitcoin’s (BTC) price would increase in relation to halvings have proved inconsistent at best. However, few would be willing to quickly discount the mechanisms described in the law of supply and demand. All things being equal, as the number of coins available on…

IronKey User Has Two Guesses Left to Access or Lose $220M in Bitcoin

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With just two guesses left to decide his fate with the hard drive, the user has put it in a secure facility. Stefan Thomas, a German-born programmer, has been left in a very difficult situation after failing to guess his private keys in 8 attempts to access his Bitcoin. Thomas has 7002 Bitcoins which is around $220M in a small hard drive also called IronKey. Users of this drive have up to 10 attempts to enter their private keys to access their assets or lose them forever. According to reports,…

25% of crypto users not securing assets as well as they think

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Cryptocurrency hardware wallet manufacturer Ngrave released the initial results of its ongoing crypto security survey on Wednesday.  The results give a number of insights into the current state of security in the digital-asset space and show that a full quarter of users perceive their current security measures to be more effective than they actually are. The survey has so far been completed by over 1,400 crypto users from 78 countries around the world. Despite efforts to push for inclusion in the space, 90% of respondents were male, and over 60%…

Christine Lagarde Says Bitcoin Is Highly Speculative and Calls for Its Regulation

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Since she was appointed the president of the European Central Bank, Christine Lagarde has advocated for a digital euro to complement technological advancement, especially in the payment industry. Speaking at the Reuters Online event on Wednesday, European Central Bank (ECB) President Christine Lagarde highlighted her thoughts on the crypto space and the digital payment system. According to Lagarde, Bitcoin is a very volatile asset that has facilitated ‘funny business’. She also noted that Bitcoin needs regulation. In addition, Lagarde noted that the bank under her leadership is working on developing…