Month: February 2020

Another week, another round of Crypto Tidbits. Wow, what a past seven days for Bitcoin, cryptocurrencies, and global markets overall. Bitcoin saw a blood-red week, to say the least, falling from $10,000 on Sunday to a low of ~$8,480 within a few days’ time as buyers failed to keep the asset above the key $9,500 support.
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Retail traders are ditching Virgin Galactic as the space exploration stock collapses from its all-time highs. The retail crowd is flooding into biotech stocks on speculation that they may benefit from the Wuhan coronavirus outbreak. These “dumb money” investors are setting themselves for failure. Many will see their investments evaporate as institutional investors pull the
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Last week, the financial watchdog of Malta came forward with an unexpected statement. Apparently, Binance, a leading cryptocurrency exchange that had been enjoying a close relationship with local authorities, is not authorized “to operate in the crypto currency sphere,” as the regulator’s press release stressed.  While the Malta Financial Services Authority has yet to license
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As the Bitcoin halving draws ever nearer, the demand for the digital asset keeps soaring, having seen an increase of around 15% against the United States dollar in the past month. The Bitcoin halving is predicted to take place during May 2020 and will see Bitcoin’s issuance rate decrease from 12.5 to 6.25 BTC every
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On February 28, Bitcoin Cash (BCH) proponents were introduced to a new platform called Bitcartcc. The project is a self-hosted open source payment processor that allows merchants to accept bitcoin cash easily. Bitcartcc was created because the developers behind the popular application Btcpay refuse to add support for BCH. Bitcartcc was built so anyone can
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For years YouTube has hosted a bizarre and vile monkey torture channel. Using the handle “killbabymonkeys,” the channel creates playlists of videos with injured, abused, or dying monkeys in them. The channel’s subscribers have left horrifying comments on the videos YouTube has irked many creators that think the platform is too heavy-handed with censorship. But
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Wilshire Phoenix, a New York-based asset management firm, has responded to the United States Securities and Exchange Commission (SEC) rejecting its proposed Bitcoin (BTC) exchange-traded fund (ETF). The firm states it is “very disappointed” by the SEC’s ruling, emphasizing that it went to great lengths to ensure compliance with the SEC’s expectations: “We made every
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Bitcoin recently made a “Golden Cross” where the 50-day moving average closed above the 200-day moving average, a positive development for traders who see it as a very bullish indicator. However, the benchmark cryptocurrency fell sharply right after forming the bullish crossover. The bitcoin-to-dollar exchange rate slipped below both the 50- and 200-DMA earlier this
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Decentralized derivatives exchange Digitex has fallen victim to a significant data breach believed to have exposed the email addresses and possibly other information of more than 8,000 users. A former employee stole private information for more than 8,000 users, Christina Comben, who heads Digitex’s communications, said Friday. Comben told CoinDesk the exchange was “aware of
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Chinese cryptocurrency exchanges and other blockchain companies are coping with a new reality as the coronavirus outbreak continues to disrupt their daily operations.  While crypto trading, customer service and marketing remain largely intact, the outbreak has taken its toll on technical upgrades, product development, logistics and business travel, according to a dozen executives in China
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