Ki Young Ju, the CEO at CryptoQuant and an on-chain analyst, says Bitcoin (BTC) is neutral to short-term bearish for the time being. There are two major indicators that have been useful in spotting trend reversals in the ongoing bull cycle. First, whenever the Coinbase premium appeared, which means BTC is trading higher on Coinbase than on Binance, for example, BTC saw bullish momentum. Second, the momentum of Bitcoin strengthened when it saw large outflows from Coinbase. In the past several days, however, neither of these two indicators have shown any…
Day: January 24, 2021
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Retail traders, not hotshots like MicroStrategy, made Bitcoin in 2020
The twists and turns of 2020 made it arguably the best year on record to be a trader, especially if you were involved in cryptocurrencies. May’s third Bitcoin halving, coupled with the euphoric market volatility that swept global markets, made 2020 a year of gains and opportunities for crypto traders. By November, it was already clear Bitcoin (BTC) and other major cryptocurrencies had cemented their status as a recognized asset class among retail and institutional traders alike, having outshined all other major asset classes in the world. Bitcoin’s renewed bull…
Nasdaq-Listed Crypto Firm Sued, Accused of Defrauding Investors With Fake Bitcoin Mining Business – Mining Bitcoin News
A class-action lawsuit has been filed against a Nasdaq-listed bitcoin mining company. The suit cites a report claiming that the business is “completely fraudulent,” with nonexistent bitcoin mining operations. Lawsuit Alleges Crypto Firm’s Bitcoin Mining Business Is ‘Completely Fraudulent’ A class-action lawsuit was filed on Wednesday in the Southern District Court of New York against Bit Digital Inc., its CEO Min Hu, and CFO Erke Huang. Bit Digital, a holding company listed on Nasdaq under the symbol BTBT, purports to engage in bitcoin mining business through its U.S. and Hong…
SEC lawsuit will cripple crypto: Ripple CEO
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Ripple CEO Brad Garlinghouse addresses the Securities and Exchange Commission’s lawsuit over the XRP cryptocurrency. Subscribe to CNBC PRO for access to investor and analyst insights on crypto and more: The Securities and Exchange Commission filed charges Tuesday against Ripple, the fintech company best known for cryptocurrency XRP, and two of its executives, for allegedly violating investor protection laws. The SEC alleged that Ripple, co-founder Christian Larsen and CEO Bradley Garlinghouse, raised more than $1.3 billion through an unregistered securities offering. “We…
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Is Bitcoin a waste of energy? Pros and cons about Bitcoin mining
Bitcoin arouses passion, curiosity and has received more and more media attention, especially after having climbed the ranks of the best financial asset of the decade. However, whenever its price goes up, many doubts and questions arise, mainly around its origin and the energy expenditure by miners. The Bitcoin protocol has created a unique digital asset To understand how Bitcoin (BTC) is created and what mining is, the key is the double-spending problem. Before Bitcoin, there was neither a digital value to be transferred nor a digital asset to be…
Bitero – Simply The Best (Easy To Use BTC Investment Platform For All People)
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