Options Market Signals Doubt Bitcoin Price Will Rise After Halving

Options Market Signals Doubt Bitcoin Price Will Rise After Halving

While some expect bitcoin’s (BTC) upcoming reward halving to light a fire under the cryptocurrency, the options market seems worried about the event turning out to be a wet blanket. The biggest cryptocurrency by market value is set to undergo its third mining reward halving next month. The code, aimed at controlling inflation, would reduce the amount […]

COVID-19 ‘Immunity Passport’ Unites 60 Firms on Self-Sovereign ID Project

COVID-19 ‘Immunity Passport’ Unites 60 Firms on Self-Sovereign ID Project

Technologists building blockchain-based self-sovereign identity (SSI) tools are collaborating on an “immunity passport” to help stop the spread of COVID-19 without compromising the privacy of users. Proving some level of immunity would help individuals return to everyday life. The COVID-19 Credentials Initiative (CCI) is working on a digital certificate, using the recently approved World Wide Web Consortium […]

‘Rich Dad’ Robert Kiyosaki To Reinvest Stimulus Money in Bitcoin, Gold, Silver

‘Rich Dad’ Robert Kiyosaki To Reinvest Stimulus Money in Bitcoin, Gold, Silver

People should get economic education outside universities, and invest in silver, gold, and Bitcoin (BTC), according to American businessman and author of a best-selling personal finance book Rich Dad Poor Dad, Robert Kiyosaki. Bailouts are communism, he said, but he’ll take the money the government offered, as it’d be stupid not to – and he’ll reinvest it […]

Bitcoin Extends Rally as Trading Volume for CME Futures Hits Three-Week High

Bitcoin Extends Rally as Trading Volume for CME Futures Hits Three-Week High

Trading activity for bitcoin (BTC) futures listed on the Chicago Mercantile Exchange (CME) has picked up pace as bitcoin has extended its recent rally to levels above $7,200. CME traded $347 million worth of futures contracts Thursday – the highest since March 16. On that day, futures witnessed a trading volume of $414 million, according to data […]

Crypto Market Sentiment Improves for the Second Week in a Row

Crypto Market Sentiment Improves for the Second Week in a Row

The market sentiment has seen an improvement for the second week in a row. The combined moving average 7-day market sentiment measure, sentscore, for the top 10 coins, is up this week to 4.73, compared to last week’s 4.33/10, shows crypto market sentiment analysis service Omenics. Today we find all coins in the green for the past week, […]

Bitcoin Is a Safe Haven for a Worse Storm Than This

Bitcoin Is a Safe Haven for a Worse Storm Than This

Bitcoin (BTC) was designed for many reasons, but one of the most important was to be a safe-haven asset during times of financial distress. From the genesis block’s coinbase parameter (“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”) to today, bitcoin’s fans have treated it as something worth owning when the market goes […]

Emin Gun Sirer’s AVA Labs Seeks Wall Street Business After Open Sourcing ‘Avalanche’ Protocol

Emin Gun Sirer’s AVA Labs Seeks Wall Street Business After Open Sourcing ‘Avalanche’ Protocol

AVA Labs, the first project building on the “Avalanche protocol” blockchain network, is looking to modernize financial infrastructure. As first envisioned in a 2018 white paper by the pseudonymous “Team Rocket,” Avalanche protocol uses random network sampling to reach consensus. But it is AVA Labs’ ambition in building new infrastructure for the financial markets that now drives the […]

Bitcoin, Gold Spike as Fed Unveils Unlimited Coronavirus Stimulus Package

Bitcoin, Gold Spike as Fed Unveils Unlimited Coronavirus Stimulus Package

Bitcoin’s (BTC) price shot up along with gold and stock futures after the U.S. Federal Reserve announced a quantitative easing package with no upper limit to support the economy amid the coronavirus crisis. Immediately after the 12:00 UTC announcement, bitcoin jumped from $5,860 to $6,628 in an hour, according to CoinDesk’s Bitcoin Price Index. Gold, a […]

Bitcoin Claws Back Over 40% of Recent Price Sell-off With Surge Above $6.8K

Bitcoin Claws Back Over 40% of Recent Price Sell-off With Surge Above $6.8K

Bitcoin’s (BTC) price recovery gathered pace on Friday, helping the cryptocurrency erase a significant chunk of the recent drop. The top cryptocurrency by market value jumped to an eight-day high of $6,943 at 10:30 UTC, having started rising from $5,400 Thursday, according to CoinDesk’s Bitcoin Price Index. The solid gains have seen bitcoin claw back a […]