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. Exchanges news Bitcoin Futures’ Open Interest (OI), the number of open futures contracts and an indicator of amount of capital entering the space, on the Intercontinental Exchange-backed Bakkt Read more »Pay,…
Read more
Crypto-keen Japanese financial giant SBI has confirmed plans to collaborate with Whinstone, an American company that is currently building what will become the United States’ largest data center – and what its operators claim will be the world’s largest Bitcoin (BTC) mining facility. The deal, per a joint press release, will see SBI team up…
Read more
After yet another rejection close to USD 10,500, bitcoin price started a downside correction. BTC/USD broke the USD 10,350 and USD 10,200 support levels. It is now consolidating losses, with signs of a corrective decrease towards USD 9,850. Similarly, there was a minor decline in most major altcoins in the past three sessions, including ethereum,…
Read more
Recently, bitcoin price made another attempt to climb above the USD 10,500 resistance area. However, BTC/USD failed to continue convincingly above USD 10,450 and recently started a downside correction. On the downside, there are many key supports near USD 10,050 and USD 10,000. Besides, there was a significant upward move in most major altcoins in…
Read more
U.S. taxpayers have been freed from tax obligations on gaming transactions carried out with virtual cash, according to recent language modifications to the Internal Revenue Service (IRS) webpage. However, confusion still remains in the IRS tax regulations for real cryptocurrencies. The website change removed Robux and V-bucks—gaming currencies for Fortnite and Read more »Pay, Trade,…
Read more
Jerome Powell at the House Financial Services Committee on Tuesday. Source: a video screenshot, Youtube, Washington Post. Some crypto market participants believe it’s the remarks by Federal Reserve (Fed) Chairman Jerome Powell on China’s digital fiat that sent bitcoin (BTC) to 5-month highs yesterday. However, his comments on the world’s largest economy might leave the…
Read more
Bitcoin (BTC) production is seemingly being shifted to North America from China, which dominates digital coin mining. But if so, what could be the reasons behind it? At the end of 2019, China’s Bitcoin miners controlled some 65% of total hash power, according to CoinShares Research. Also, Chinese firms such as Bitmain and Canaan are…
Read more
After a short term downside correction, bitcoin price found a strong support above USD 9,650. As a result, there was a strong increase above the USD 10,000 resistance area. The price even broke USD 10,200 and traded to a new yearly high close to USD 10,500. Also, there were strong gains in most major altcoins,…
Read more
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. Exchanges news Chicago Mercantile Exchange (CME Group), a major financial derivatives marketplace, said today that January 2020 was Bitcoin futures’ second-best month since their 2017 launch, averaging Read more »Pay, Trade,…
Read more
After resting for one day below the psychologically important level of USD 10,000, the most popular cryptocurrency, bitcoin (BTC) is back to the five-digit zone after rallying 4% in two hours. Almost all top 100 coins by market capitalization turned green. At pixel time (17:48 UTC), BTC trades at c. USD 10,255, or the level…
Read more
