Profit

Bitcoin Has Gained $600 for 3 Consecutive Mondays — Price Hits $7,400

Source Node: https://cointelegraph.com/news/bitcoin-has-gained-600-for-3-consecutive-mondays-price-hits-7-400
Time Stamp: April 7, 2020 3:25 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin (BTC) bulls showed up early Monday morning and took full control of Bitcoin price by sending the price through the $6,900-$7,200 resistance zone to a nearly 4-week high of $7,454. The surge to $7,454 occurred as the United States’ markets opened strong, leading the S&P 500 and Dow to rally 7.03% and 7.73%, respectively. It seems investors are beginning to gain some confidence as the rate of novel coronavirus infections begins to slow down in Italy, Spain and China along with murmurs of additional financial stimulus packages from governments. Crypto market

Bitcoin Price Rallies Higher but Must Hit $8K to Start a Bull Market

Source Node: https://cointelegraph.com/news/bitcoin-price-rallies-higher-but-must-hit-8k-to-start-a-bull-market
Time Stamp: April 6, 2020 6:27 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin (BTC) closed the week up 15.4% at $6,775 and has started the day with a further 6% move to the upside, breaching the $7,000 handle and making highs at $7,300. Looking at performance relative to its peers, Ether (ETH) and EOS have posted an impressive 16% gain over the last 24 hours. As a result, Bitcoin dominance is down 1.5% at 65%.Crypto market daily price chart. Source: Coin360The total cryptocurrency market capitalization breached the $200 billion level, breaking from the diagonal resistance dating back to February when the total market

Notable Dark Web Marketplace Bans All COVID-19 Vaccine Sale 

Source Node: https://insidebitcoins.com/news/notable-dark-web-marketplace-bans-all-covid-19-vaccine-sale/256697
Time Stamp: April 6, 2020 3:36 PM - Modified On: May 21, 2021 - Published By:
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In a rare move that has perhaps never been seen before, a marketplace on the dark web has banned the sale of a self-proclaimed vaccine for the coronavirus pandemic. According to a tweet from noted tech author Eileen Ormsby, Monopoly Market, a popular platform on the dark web, has banned the sale of purported vaccines for the coronavirus for Bitcoin.Darknet market Monopoly has taken a more responsible approach to touting #COVID19 "cures" on their #darkweb site pic.twitter.com/uWFLx75deQ— Eileen Ormsby (@EileenOrmsby) April 1, 2020Honor Among Criminals As the tweet showed, the market’s administrator pointed

New Zealand Financial Regulator Warns Public About ‘Profit Bitcoin’ Scam

Source Node: https://cointelegraph.com/news/new-zealand-financial-regulator-warns-public-about-profit-bitcoin-scam
Time Stamp: April 6, 2020 10:53 AM - Modified On: May 21, 2021 - Published By:
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Amid the apparent global surge of cryptocurrency-related scams, New Zealand’s financial regulator has warned the public against another suspected Bitcoin (BTC) investment scam scheme.In an April 6 statement, the country’s major financial watchdog, the Financial Markets Authority (FMA), issued an official warning against “Profit Bitcoin” — an alleged get-rich-quick scam that promises returns by using software that “wins” Bitcoin trades with “99.4% accuracy.”Scam purportedly involved false claims from the New Zealand’s governmentThe FMA noted that the entity and its website, theprofitbtc.com, have the “hallmarks of a scam,” emphasizing that Profit

Blockin Launches Bitcoin Explorer With Detailed Fee Guidance

Source Node: https://cointelegraph.com/news/blockin-launches-bitcoin-explorer-with-detailed-fee-guidance
Time Stamp: April 6, 2020 8:36 AM - Modified On: May 21, 2021 - Published By:
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Blockin, the parent company of one of popular Bitcoin (BTC) mining pools, Poolin, is launching a new block explorer on April 6. The explorer includes mempool statistics that would help users decide the correct fee to send their BTC payment.Blockin’s explorer provides many of the standard features shared with competing offerings, like block data, transaction information and statistics on network hashrate and pool distribution. It adds to an already large suite of tools for miners to calculate profit or compare ASIC devices.The company says that its explorer will also be

Massive Demand for Tezos could lead to an Unprecedented Price Hike

Source Node: https://insidebitcoins.com/news/massive-demand-for-tezos-could-lead-to-an-unprecedented-price-hike/256601
Time Stamp: April 5, 2020 12:05 PM - Modified On: May 21, 2021 - Published By:
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The Tezos cryptocurrency has done well in the market, with steady gains since last year. At a point a few months ago, the crypto coin reached an all-time high as its bullish trend reached its pinnacle.Tezos (XTZ) is not about to roll back, with the high level of demand it has received within the past few days picking up pace.The recent slump in crypto demand last month almost cut off its consolidated gains for the past few months. However, XTZ is gradually picking up and showing signs that could lead

The crypto lending industry — a ticking time bomb, rather than a shortcut to mainstream adoption

Source Node: https://medium.com/@viktortachev/the-crypto-lending-industry-a-ticking-time-bomb-rather-than-a-shortcut-to-mainstream-adoption-ec1fafec525a?source=rss-------8-----------------cryptocurrency
Time Stamp: April 5, 2020 9:39 AM - Modified On: May 21, 2021 - Published By:
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In his book “Extraordinary Popular Delusions and the Madness of Crowds”, Charles Mackay says that men think in herds and go mad in herds, while they only recover their senses slowly, and one by one. That was written in 1841. Today, it is even more relevant.The most illustrious collective obsession in the past decade is cryptocurrencies. For the last couple of years, we witnessed industry-specific shocks with varying implications, be it exchange hacks, scam schemes, or else. Although covered in controversies, in the long-term, the rise of cryptocurrencies should be

Market Volatility Continues Amid COVID19 Uncertainty

Source Node: https://www.bitcoinmarketjournal.com/market-volatility-continues-amid-covid19-uncertainty/
Time Stamp: April 3, 2020 5:36 PM - Modified On: May 21, 2021 - Published By:
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In times of deep crisis such as this it’s important to stay true to who we are and that seems to get more and more difficult the deeper we get. Last night, I engaged in an interesting discussion on social media when Bruce Fenton posed the question “Are mandated lockdowns right or wrong?” This is something that another bitcoin though leader, Jimmy Song, is on record as being staunchly against and the libertarian in me tends to agree. Jimmy’s point here is simply that a pattern has arisen throughout history

Is Decentralized ASIC Production Possible?

Source Node: https://medium.com/coinmonks/is-decentralized-asic-production-possible-eb5caece672c?source=rss-------8-----------------cryptocurrency
Time Stamp: April 2, 2020 7:07 PM - Modified On: August 29, 2021 - Published By:
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The news about ASICs for Nervos CKB came out recently, as the time of writing, there are four ASICs announced, the Toddminer C1, Toddminer C1 Pro, Bitmain K5 and PA miner — the first batch of C1 was delivered on March 9, K5 and PA Miner are expected to be delivered in April and C1 Pro in May.Since mainnet launch, the total hashrate on CKB mainnet has been around 200TH/S on average, it is now gradually picking up (at the time of writing at ~500TH/S) with ASICs. Toddminer says C1+C1

How to Trade Bitcoin Using Leverage and Not Worry About Liquidation

Source Node: https://cointelegraph.com/news/how-to-trade-bitcoin-using-leverage-and-not-worry-about-liquidation
Time Stamp: April 1, 2020 2:41 AM - Modified On: August 29, 2021 - Published By:
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Institutional traders have long known the benefits of derivatives trading, including leverage and hedging. By trading options markets, one can predetermine maximum gains and losses, even with volatile assets like Bitcoin (BTC). Despite being far more complex, such instruments allow traders to generate gains independent of what happens over the next weeks or even months, which is essential for traders’ peace of mind to achieve optimal performance.Retail traders have only recently begun using derivatives, although they have focused almost exclusively on futures contracts offered by BitMEX, OKEx, Binance and so many