Tag Archives: cryptocurrency

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 […]

Bitcoin’s Computing Power Is Growing Again After Coronavirus-Related Disruption

Bitcoin’s Computing Power Is Growing Again After Coronavirus-Related Disruption

The computer processing power of the bitcoin network is growing again – albeit slowly – as major Chinese miner manufacturers gradually resume business after the coronavirus outbreak delayed shipments. The average hashing power on bitcoin (BTC) over the past seven days has reached a new high of around 117.5 exahashes per second (EH/s), up 5.4 percent from […]

$50 Billion Asset Manager Makes ‘The Investment Case for Bitcoin’

$50 Billion Asset Manager Makes ‘The Investment Case for Bitcoin’

The future is looking bright for Bitcoin, according to ETF and mutual fund manager VanEck. The firm many believe in the best position to first launch a BTC exchange-traded fund explains its positive outlook for the leading cryptocurrency in a new report. The asset management firm defines Bitcoin as having monetary value, rather than intrinsic value. [VanEck] […]

VanEck: Bitcoin Price Historically Increased Following Halving

VanEck: Bitcoin Price Historically Increased Following Halving

May’s halving will reduce the amount of Bitcoin rewarded to miners, and in turn, increase the coin’s scarcity. Considering this scarcity – think supply and demand – as well as historical data of the previous two halvings, Bitcoin’s price may see a remarkable bump in the months following the event. Halving Historically Leads to Massive Gains The […]

How Coronavirus Outbreak in China Could Weigh on Crypto Prices

How Coronavirus Outbreak in China Could Weigh on Crypto Prices

Jason Wu had to cancel a dozen meetings with his crypto clients in China after the coronavirus epidemic broke out this month. “We planned a 10-city tour to talk with potential clients in China,” Wu, the CEO and founder of non-custodial crypto lender DeFiner, said. “Nobody wants to attend any crypto-related conferences or any meetings […]

Meet the Crypto Angel Investor Running for Congress in Nevada

Meet the Crypto Angel Investor Running for Congress in Nevada

“I would love to sit down with President Trump and have a discussion around bitcoin and cryptocurrency,” Lisa Song Sutton, an entrepreneur and bitcoin ATM investor in Las Vegas, told CoinDesk. Sutton might have a better shot than most at having such a conversation. She’s running for Congress in the Fourth Congressional District of Nevada, […]

Thomas Lee Predicts Gains of Over 100% for Bitcoin in 2020

Thomas Lee Predicts Gains of Over 100% for Bitcoin in 2020

There’s an ongoing debate in the crypto community regarding the May 2020 bitcoin halving. Many are claiming that the bullish catalyst is already priced in. In other words, market participants who are expecting a sharp rise in bitcoin’s value once the halving occurs would be disappointed. However, some heavy hitters believe that the halving is far […]