With stock markets globally selling off sharply due to renewed fears of coronavirus outbreak outside of China, many market players are now scratching their heads over bitcoin’s price reaction, putting into question the much-discussed bitcoin-as-a-safe-haven narrative. As of press time on Tuesday (11:51 UTC), bitcoin (BTC) trades at c. USD 9,575 and is down 2.3%…
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Pediment sculpture of the Old Supreme Court, City hall Singapore. Singapore’s Court of Appeal has ruled that the cryptocurrency exchange operator Quoine wrongfully reversed a number of trades made on its platform – and is set to order it to pay compensation. Per the Straits Times, the court refused to accept claims from Quoine’s legal…
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A landmark in Beirut, Lebanon, the monument in Martyrs Square still bears the scars of Lebanon’s Civil War (1975-90). The Lebanese economy is in deep trouble – leading citizens to embrace Bitcoin (BTC) and altcoins in an attempt to escape the banking system and protect their savings from dwindling as the Lebanese pound continues to…
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Vladimir Putin. Source: a video screenshot, Youtube, TASS Has someone just used the massively popular phrase meant to insult no other than Russian President Vladimir Putin to sent Warren Buffett some Bitcoin (BTC)? The dinner between Tron’s Justin Sun and billionaire crypto-sceptic Warren Buffett has been the talk of the town since it was first…
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Yesterday, bitcoin struggled to continue higher above the USD 9,850 resistance area. As a result, BTC/USD started a fresh decrease and broke the USD 9,650 support area. The price is now trading near the USD 9,550 support, below which it could accelerate its decline towards USD 9,200. Similarly, there were bearish moves in most major…
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Simpsons, Jim Parsons, a singing distributed ledger, a telecommunications giant, and a popular analyst – mass adoption of crypto is obviously here. In the 13th episode of their 31st season of the popular animated show The Simpsons, aptly titled ‘Frinkcoin,’ Professor Frink develops a cryptocurrency, and in order to explain it to Lisa, he shows…
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Justin Sun. Source: a video screenshot, Youtube, Praxis Media Group Bitcoin (BTC) and most altcoins are in for a bull run in the next five years, said Justin Sun, founder of Tron (TRX), also sharing that he has quite a diversified portfolio. As a guest on CNN, talking with Julia Chatterley, Sun predicted that the…
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Source: iStock/da-kuk After reaching the highest score in a year of 6.23 last Monday, the combined moving average 7-day market sentiment measure, sentscore, for the top 10 coins fell back in the zone we’re more used seeing it in. Though still high, it’s below the score seen even three weeks ago, now standing at 5.63/10,…
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Bitcoin climbed above the USD 9,850 resistance recently, but it failed to continue higher above the USD 10,050 resistance. As a result, there was a sharp decline in BTC/USD below USD 9,850. The price is now (09:00 UTC) trading below USD 9,800 and it could revisit the USD 9,650 and USD 9,550 support levels. Similarly,…
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The price of bitcoin (BTC) sits at a pivotal point where major support is found below it, and strong resistance above it, new research from blockchain analytics firm Into The Block suggests. In a Twitter thread, the company, which uses machine learning and advanced statistics in analyzing the market, shared new findings from a model…
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