Tag Archives: cryptocurrency

First Mover: Chainlink ‘Marines’ Are HODLing and Here’s Why You Should Care

First Mover: Chainlink ‘Marines’ Are HODLing and Here’s Why You Should Care

Diving deeper into the realm of the more than 5,000 cryptocurrencies in existence, things get even more speculative – with traders often jumping on fast-moving and thinly traded tokens for a quick profit and then quickly moving on to the next hot trade. That’s why it’s so notable that holders of one token, Chainlink (LINK), appear to […]

Coinbase Says That 60% of Its Bitcoin Buyers Go Into Altcoins

Coinbase Says That 60% of Its Bitcoin Buyers Go Into Altcoins

Major cryptoasset exchange Coinbase claims that although most of its users initially favor bitcoin (BTC), the vast majority also go on to trade altcoins and other digital assets. In a blog post, the platform claimed, “Among customers with at least five purchases, 60% start with bitcoin but just 24% stick exclusively to BTC.” It means that 60% of BTC […]

Bitcoin adoption could grow because of its efficiency, billionaire Tim Draper

Bitcoin adoption could grow because of its efficiency, billionaire Tim Draper

While many people believe that the massive adoption of Bitcoin is somewhat tied around the mainstream acceptance of digital currencies in general, Tim Draper thinks there is more to it. In a Bloomberg report, the American venture capital investor said Bitcoin adoption could grow because of its efficiency. Bitcoin adoption accelerator Draper mentioned that the largest cryptocurrency […]

Bitcoin ‘Stuck in the System’ Until Merchant Adoption Grows

Bitcoin ‘Stuck in the System’ Until Merchant Adoption Grows

Although holders of both bitcoin (BTC) and gold are often motivated by an idea of investing in assets that are outside of the financial system, it might not be the case, according to a popular macro strategist who believes that that the next world reserve currency will be “a crypto.” Speaking with Anthony Pompliano, Morgan Creek Digital Co-founder and […]

Bitcoin Price Dragged Below $7,000 By Return to Market Chaos

Bitcoin Price Dragged Below $7,000 By Return to Market Chaos

Bitcoin price just broke below $7,000 Monday morning after a late Friday evening rally pushed the asset over the key level for the weekend. However, coronavirus concerns have returned to traditional markets, causing major turbulence to kick off the day, which may have also caused Bitcoin to tumble. Could a repeat of last month’s mayhem and […]

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 […]

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 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 […]