Analysts are surprised by the resilience of the bitcoin (BTC) merchant services, as well as by the lower drop in purchasing than expected. Furthermore, each of the three categories they inspected, reacted in their own way to the coronavirus-caused economic crisis. Blockchain and analytics specialist Chainalysis observed the effects of COVID-19 pandemic on the Read…
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Judging from a blockchain analysis tool that works across a range of digital assets, the majority of holders of both bitcoin (BTC) and bitcoin cash (BCH) seem to be still “making money.” Ethereum (ETH) and litecoin (LTC) users are not so lucky. The new set of tools, developed by blockchain analytics firm Into The Block…
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Miners are pressing bitcoin (BTC) price now, they’ll likely press it more in the near future, but the future after that has a bull in it, analysts find. Miner-led selling pressure for bitcoin is high and will probably increase even more in the months ahead as it goes through its halving expected in May, finds…
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Recently, bitcoin price retested the key USD 6,550 resistance area. BTC/USD failed to settle above USD 6,550 and started a downside correction. The price is now (08:30 UTC) trading below the USD 6,400 level and it could correct further towards the USD 6,200 support area. Similarly, many major altcoins are currently correcting gains, including ethereum,…
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Along with decreasing volatility in the spot price of major cryptoassets, trading volumes in both bitcoin (BTC) and ethereum (ETH) futures contracts have also been on the decline across exchanges since the crypto market crash in mid-March. As would be expected, the futures market was most active during the major sell-offs on March 12 and…
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Recently, bitcoin price started a fresh increase above the USD 6,300 and USD 6,400 levels. BTC/USD even spiked above USD 6,550, but it failed to continue higher. It is currently (08:30 UTC) consolidating gains above USD 6,400 and it could make another attempt to gain strength above USD 6,550. Similarly, many major altcoins overcame key…
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In the midst of the COVID-19 pandemic and the financial crisis it has been causing, we seem to be witnessing some worrying signs for both fiat users and democracy. Here are three recent cases. 1. The U.S.: ‘Don’t hoard cash’ In the midst of the pandemic, people in certain countries, such as in the U.S.,…
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Legal confusion has broken out in South Korea as experts and lawyers remain uncertain as to whether the police can confiscate the cryptocurrency holdings of Telegram Nth room chief suspect Cho Joo-bin. Cho is suspected of running a network of chat rooms that circulated sexual exploitation videos, with graphic footage of rape and sexual violence.…
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The outlook for Bitcoin (BTC) development is generally positive, and although funding and training incentives “could improve,” funding is “far more distributed than it has been in the past,” per a new report. The report, compiled by BitMEX, confirmed many of the findings of Cryptonews.com’s own investigations into who funds Bitcoin development in January this…
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Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Mining news Hardware maker Bitmain says that newer mining rigs could be used for longer than previous devices due to a forthcoming market turnaround. Per media outlet 8btc, Bitmain chief Jihan…
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