Co-founder and CEO kriptovalyutnoy exchange derivatives BitMEX Arthur Hayes (Arthur Hayes) believes that a rapid return to the level of the course Bitcoins $ 8000 after a brief fall confirms the steady upward trend of the market. This is also indicated by the current situation of contango on the BTC futures market , when contracts are trading significantly above the spot price of cryptocurrencies, he added on Twitter. “The bull market is a reality. Instant drop below $ 7 thousand, and a few days later we returned above $ 8 thousand, and contracts for September and December are in contango…
Author: BlockchainJournal
Even at the time when Bitcoin pierced the glass ceiling and its price was at an exorbitant level of 20 thousand dollars by today's standards, there were skeptics who constantly reproach digital gold that it is not secured and therefore cannot replace traditional fiat money. This is a common misconception. First we need to understand what lies behind the concept of security. Providing money is something that creates and maintains their value. When the first paper money appeared, their value was determined by the value of gold. If gold, for whatever reason, were suddenly devalued, then the value of all…
altcoins to their crypto portfolio Jimmy Song, a Bitcoin developer and investment partner at Blockchain Capital, shared his thoughts on the diversification of the crypto portfolio in his Medium blog. In his publication, Song made it clear that it makes no sense for investors to add altcoins to their investment portfolio. A common reason for diversification is the investor’s desire to optimize the risk-reward ratio, that is, it’s about reducing volatility. So, for example, the purchase of ten shares instead of one allows the investor to be safe from the potential deep collapse of indicators on one of them. Song…
In April, a group of 20 OTC-traders sent a statement to the police of the city of Guangzhou, in which they accused the citizens of Yi Zhou and Xiang Li in a fraudulent scheme, under which they managed to get over 7,000 BTC ($ 56 million). At the moment, both detained by law enforcement agencies, reports Bjnews. So, Zhou and Lee for two years managed chats in […]
The Russian authorities will not be able to avoid a clear definition of Bitcoin in the draft law “On Digital Financial Assets (CFA)”, which is currently in preparation for the second reading. The relevant requirements were announced by the Financial Action Task Force on Money Laundering (FATF). It is reported by TASS with reference to the statement of the chairman of the committee of the lower house of parliament on the financial market, Anatoly Aksakov. The deputy, in particular, said : “The law on digital financial assets has been suspended. You know, we had the decisions of the International Anti-Money…
According to court documents received by The Block, Tether invested part of its funds in Bitcoin, as well as in other assets, including “cash and cash equivalents”. [BREAKING] bitcoin (via @lawmaster) https://t.co/BCdBevaJhy – The Block (@TheBlock__) Grass 219 r. In late April, the Prosecutor General’s Office of New York presented Bitfinex […]
Tom Lee, co-founder of Fundstrat Global Advisors, said yesterday in his Twitter blog that “crypto-winter” has come to an end. The 13th sign confirming the end of “crypto-winter”, according to Tom Lee, is the Consensus conference, which took place quite recently in New York – the crypto industry has finally begun to recover after several stagnant months. The most significant indicator was the rapid recovery of the BTC rate after the 20% drawdown that occurred last week. After a disturbing pullback to ~ $ 6,200, #Bitcoin back> $ 8,000 further cementing positive trend intact. As we said a few weeks…
Today, May 21, the price of Binance Coin (BNB) has updated the historical maximum, breaking the milestone of $ 30. Currently, the asset is trading at $ 31.8, while the price maximum is fixed at $ 32.68. The reasons for such rapid growth are not yet completely clear. However, a few hours ago, a mysterious tweet with the word “2.0” appeared in the Binance Twitter account: pic.twitter.com/Uk7RylhVdR – Binance […]
The new report of the analytical unit CryptoCompare for April indicates a significant increase in trading volume on centralized cryptocurrency exchanges . So, on the leading platforms trading in Fiat against cryptocurrencies , the cumulative volume grew by 85%. South Korean Bithumb has become the leader in this indicator with an indicator of $ 17 billion. At the same time, it is curious that on the platform itself the trading volume last month fell by 47%. April #Exchange Review is out! 1 / #CME continued up to 256m (up 263%); 2 / Sharp increase in transaction fee mining volumes; 3…
Exactly one year later, on May 20-21, 2020, another bitcoin halving (BTC) will occur, reducing the remuneration of miners by half. This process can have a significant impact on the price of bitcoin. This will be the third halving on the Bitcoin blockchain: the first one took place in 2012, reducing the premium for each mined block from 50 to 25 BTC, the second reduced the award to 12.5 BTC. It is not difficult to calculate that the next reduction for the production of a new unit will be 6.25 BTC, which will reduce both the reward for mining and…