Crypto News

July 2020

Bored With Bitcoin? This BTC Price Level Is Key for a Big Breakout

2020-07-04T14:50:00+00:00 July 4th, 2020|Crypto News|

The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, has been ranging between $8,600 and $10,500 since the halving. During the two-months’ sideways action, the market started to heat up and altcoins entered the spotlight.Additionally, traders and investors are constantly debating whether BTC price is still in bull or bear territory. Let’s take a closer look at the charts to where Bitcoin may [...]

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Are You Independent Yet? Financial Self-Sovereignty and the Decentralized Exchange

2020-07-04T13:16:51+00:00 July 4th, 2020|Crypto News|

Helicopter parents. They never let their kids out of sight. They fret at the possibility of any potential danger, striving to protect their snowflake charges from harm, reassuring the child so they know just how special, precious and helpless they are… and that they can never, ever fail.Of course, this backfires horrendously, resulting in what we see today: leaders who are entitled silver-spoon-fed adolescents conditioned [...]

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Set Your Alarms: Most Bitcoin Is Now Traded During These Hours

2020-07-03T11:02:00+00:00 July 3rd, 2020|Crypto News|

Bitcoin (BTC) traders are changing their habits in 2020 — but volatility is still dominated by the start of New York stock market trading.According to data currently circulating on social media, volatility for the largest cryptocurrency by market capitalization is highly correlated with the opening of United States markets.US stock markets spike BTC volatilityBy comparison, London and Asia stock market opens have considerably less of [...]

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XRP Price Can Outperform Bitcoin in the Short Term — Here’s Why

2020-07-01T15:18:00+00:00 July 1st, 2020|Crypto News|

Bitcoin (BTC) price sidewards action of late has been a hunting ground where whales can easily liquidate misinformed traders on leverage trading platforms. Without decent swings, any asset can become boring.But let’s not forget BTC isn’t the only cryptocurrency out there as several altcoins are currently staging somewhat of a comeback. However, there’s one coin that doesn’t seem to be having a good time lately, [...]

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Who’s Buying Bitcoin? Retail Demand Expected to Double by 2024 Halving

2020-07-01T08:25:00+00:00 July 1st, 2020|Crypto News|

The latest research from ZUBR derivatives exchange published June 29 found that participation from retail investors is increasing despite the longstanding narrative that institutional adoption would be required to propel crypto prices higher. With the recent halving being nothing more than a distant memory and Bitcoin (BTC) price lingering in the $9,100 range, the current price action is far from the post-halving surge that many retail [...]

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Bitcoin Price Stalls Below $9.2K but Data Shows Investors Are Bullish

2020-07-01T01:09:00+00:00 July 1st, 2020|Crypto News|

Earlier today Cointelegraph reported that “Bitcoin (BTC) price recorded its strongest second quarter performance in history” despite a startling crash to $3,750 on March 13. Data from Skew also shows that Bitcoin currently has a quarter-to-date return of 42.39% and the digital asset remains the top-performer for 2020 with a 27.31% return.  Macro assets year-to-date returns %. Source: SkewData from on-chain analytics provider glassnode also showed [...]

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June 2020

3 Reasons Why Bitcoin Price Recorded Its Third Best Q2 Performance Ever

2020-06-30T19:17:00+00:00 June 30th, 2020|Crypto News|

The price of Bitcoin (BTC) recorded its strongest Q2 performance in history following a massive plunge on March 13 when the price dropped below $3,600 before eventually pushing above $10,000 over the next three months.Researchers at Skew said:“Bitcoin is having today its third best quarterly close in its young history.”Quarterly performances of Bitcoin throughout the past 6 years. Source: SkewThree key catalysts that fueled the [...]

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Billions and Billions: How Brands Take Blockchain From Niche to Normal

2020-06-30T17:16:23+00:00 June 30th, 2020|Crypto News|

Dapper Labs – the company behind CryptoKitties – has a simple mission. They want to introduce a billion people to blockchain.“The reason we decided to go for entertainment — specifically games — is because we felt that it’s just a much easier way to introduce folks to decentralization,” explains co-founder Mik Naayem. “Gamers are the perfect target market as they already understand virtual currencies and [...]

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Ethereum Volatility Drops Below Bitcoin’s but ETH Options Are Bearish

2020-06-29T21:29:00+00:00 June 29th, 2020|Crypto News|

Ether (ETH) options implied volatility, a measure of the expected price swings as per the options markets premium, has dropped below Bitcoin’s (BTC) for the first time ever. This could signal that investors have given up expectations of a price decoupling, or they simply expect ETH price moves to mirror Bitcoin. In the case of potential catalysts for significant price moves, implied volatility tends to move up [...]

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Investing in Blockchain Gaming: Why VCs Are Betting Big

2020-06-29T16:32:46+00:00 June 29th, 2020|Crypto News|

How healthy is the gaming industry? Fortnite thoughtfully provided a concise answer to that question on June 16th.In advance of the much-anticipated unveiling of The Device, a live event slated to occur on the game platform, slots were full half an hour early as eager gamers logged in to witness Epic’s latest twist in its flagship game.The number at which participation was capped? Twelve million [...]

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Beyond In-Game Assets: Blockchain Gaming, DAOs, Guilds, and Ragequitting

2020-06-28T16:08:07+00:00 June 28th, 2020|Crypto News|

Many of the builders and investors in the blockchain space believe that the most compelling route to attracting users to the burgeoning crypto-economy is not upending the global financial order but something with significantly lesser stakes: gaming.And this reasoning makes sense. Both video games and cryptocurrencies feature virtual economies running on a shared set of rules, with a user base that tends to be technically-savvy.In [...]

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Play2Earn: How Blockchain Can Power a Paradigm Shift in Building Game Economies

2020-06-27T16:26:54+00:00 June 27th, 2020|Crypto News|

For the past decade, the dominant business model in the gaming industry has been Free2Play. This model entails giving the game’s base experience away for free and then monetizing the player base through ads and in-app purchases, referred to as “microtransactions”. These transactions are a combination of purchasing game content, loot boxes, and currency packages. Over time, this model has become increasingly adversarial towards players, employing [...]

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Gen Z and the NFT: Redefining Ownership for Digital Natives

2020-06-26T15:53:40+00:00 June 26th, 2020|Crypto News|

Many of them, at least in the Western world, learned to swipe a screen before they learned to talk. They’ve seen their parents get rekt on the stock market, maybe more than once, and they don’t trust ‘traditional’ anything much anyway. By 2026 there will be more of them around than any other cohort — so it’s time we started paying attention to what Generation Z [...]

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Even $7.9K Bitcoin Price Won’t Help Bears Ahead of $1B Options Expiry

2020-06-25T21:35:00+00:00 June 25th, 2020|Crypto News|

This Friday’s Bitcoin (BTC) futures and options expiry has been causing anxiety and excitement amongst traders as the price has oscillated with no clear trend for the past 30 days. There have been moments of euphoria as the price briefly broke the $10,000 level earlier this month, but recently emotions have become slightly bearish as the market dropped below $9,000 on Wednesday night.Bitcoin (USD) versus S&P [...]

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Why Animism Gives Japanese Characters a NiFTy Head Start on the Blockchain

2020-06-25T18:29:45+00:00 June 25th, 2020|Crypto News|

Anime is for kids? Think again.As you grew older, perhaps you felt the need to “put away childish things”, as the verse from Corinthians admonishes us to do. You graduated from picture books to literature, from nursery rhymes to Nirvana, from the simple to the complex. It’s the adult thing to do.Yet anime, the cartoon-ish art form sometimes known as Japanimation, is not childish in either [...]

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William Shatner Tokenizes his Favorite Memories on the WAX Blockchain

2020-06-24T14:59:06+00:00 June 24th, 2020|Crypto News|

If there’s one thing that has no need of preservation on a blockchain, it’s the burbling thunder of William Shatner’s self-deprecating chuckle. You grew up with it — if you’ve ever owned a television it’s part of your cultural heritage. No matter how many years may go by between starring roles, it’s as familiar and comfortable as the aroma of Marmite to an English expat.He isn’t [...]

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Surge in Stablecoin and DeFi Growth Bring Ethereum Fees to 2-Year High

2020-06-24T00:31:00+00:00 June 24th, 2020|Crypto News|

The median transaction fees on the Ethereum network are the highest they have been in two years and have risen above Bitcoin fee for the second time in the last three months. Recently, Coinbase researcher Max Bronstein tweeted the chart below and suggested that the most recent surge seems to be due in largely in part to increased interaction with stablecoins on the Ethereum network.Tx. fee [...]

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Is Ethereum (ETH) Price on Course to $300 as DeFi Coins Skyrocket?

2020-06-23T14:00:00+00:00 June 23rd, 2020|Crypto News|

Bitcoin (BTC) has been showing strength in recent days as the price rallied from $9,300 to as high as $9,800. However, more strength is seen from Ethereum’s Ether (ETH) — the second-ranked cryptocurrency by market capitalization — as this cryptocurrency rallied from $225 to $246.Let’s look at the ETH charts as Ether has been outperforming BTC significantly in recent days. The main question is: can [...]

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3 Reasons Why DeFi Tokens Are Outperforming Bitcoin Price

2020-06-22T21:35:00+00:00 June 22nd, 2020|Crypto News|

Decentralized Finance (DeFi) has been a rapidly growing sector in the crypto space and although the volume of the DeFi ecosystem yet to surpass that of the general crypto market, the new way of lending and saving has garnered positive media coverage and “praise”. DeFi shows great promise and the market is starting to reflect this, as many DeFi-based tokens have been pumping strongly in 2020, [...]

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Top 5 Signs Bitcoin Is Quietly Entering a New Bull Market Phase

2020-06-21T13:47:00+00:00 June 21st, 2020|Crypto News|

Bitcoin (BTC) price has been sideways for several weeks with now over a month since the halving. This is very much reminiscent of early 2017 when Bitcoin hit $1,180 for the second time, triggering a catastrophic sell-off causing the top-ranked cryptocurrency to fall by nearly 40% in a single day.  It was over, Bitcoin was declared dead, and what happened after is the first sign that [...]

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Should Bitcoin Traders Stay Bullish if BTC Price Corrects to $7,700?

2020-06-20T13:48:00+00:00 June 20th, 2020|Crypto News|

The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, is acting inside a narrowing range, still hovering around $9,000. Meanwhile, we’re also seeing a decrease in volume, alongside an increasingly shaky stock market, which is likely to impact Bitcoin as well (read the recent analysis here).However, would a retrace towards $7,700 be a bad cause for the markets or is it crucial to [...]

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Stock Market Crash Threatens Bullish Bitcoin Consolidation Sub-$10K

2020-06-19T15:07:00+00:00 June 19th, 2020|Crypto News|

Bitcoin (BTC), the biggest cryptocurrency by market capitalization, is trading at $9,375 representing a 0.2% loss in value in the last 24 hours and the same for today’s session.The wider crypto market is generally following Bitcoin, with Ethereum’s Ether (ETH) down around 0.27% and XRP underperforming but still relatively flat down less than 1% at $0.19 XRP. Meanwhile, Bitcoin dominance remains flat at 65% after a [...]

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Unforgettable: How Blockchain Will Fundamentally Change the Human Experience

2020-06-18T17:33:28+00:00 June 18th, 2020|Crypto News|

From the invention of the wheel to the printing press, new technology has changed the human experience. Our comprehension of the world is no longer limited to a village. Our collective knowledge grows by inconceivable exabytes of data every day. And our memories, our very recollections of the events that shape our lives, are changing too. In fact, according to neurobiologist Dr. James L. McGaugh, [...]

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VeChain (VET), Zilliqa (ZIL) Target Key Resistance Level to Resume Rally

2020-06-18T17:10:00+00:00 June 18th, 2020|Crypto News|

As the price of Bitcoin (BTC) has been consolidating in a range, altcoins have been moving left and right. A few have managed massive triple digit rallies and others like Zilliqa (ZIL) have rallied 1,400% since March 12.VeChain (VET) has been another strong performer and to date the altcoin has rallied 650% since bottoming in March and another 150% in the past thirty days. After [...]

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BTC Investors Bullish Even as Bitcoin Price Is Below $10K — On-Chain Data

2020-06-17T23:30:00+00:00 June 17th, 2020|Crypto News|

Since recovering from this week’s drop to $8,900, Bitcoin (BTC) price has struggled to gain above $9,600 and this level needs to flip from resistance to support before further upside can occur. The largest digital-asset on CoinMarketCap has been gradually decoupling from stocks but some short-term correlation to traditional markets remains. This was observed on June 15 when BTC dropped below the $9,000 mark amid some [...]

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