Bitcoin

Bitcoin

Market Wrap: Bitcoin Climbs to $11.5K With Record Amount in DeFi

Bitcoin made gains Friday, both in price and what's locked in DeFi.

Markets  ·  28 August 2020
Bitcoin

Fed Chair Powell’s Flexible Inflation Views Were Already Priced In

Federal Reserve Chair Jerome Powell did not raise many eyebrows Thursday morning when he announced the U.S. central bank would encourage some periods of inflation above its 2% target in certain circumstances to boost the long-term economy.

Markets  ·  28 August 2020
Exchanges

First Mover: Binance’s Shrinking Trading Spreads and Bitcoin’s Jackson Hole Fizzle

Traders are getting better fills due to shrinking bid-ask spreads on Binance and other cryptocurrency exchanges. It's a sign of a healthy market.

Markets  ·  28 August 2020
Bitcoin

Bitcoin, Gold Recover After Jerome Powell Speech Shakes Markets

Bitcoin and gold are reversing losses seen on Thursday after the Federal Reserve's announcement of a more relaxed approach to tackling inflation.

Markets  ·  28 August 2020
Bitcoin

Winklevoss Brothers Say Bitcoin Could Reach $500K as the ‘Only’ Long-Term Inflation Hedge

"Bitcoin is ... the only known commodity in the universe that has a deterministic and fixed supply," the Winklevoss brothers wrote in a blog post saying the cryptocurrency may one day hit $500,000.

Markets  ·  28 August 2020
Bitcoin

Binance’s Bitcoin ‘Bid-Ask Spreads’ Tighten as Cryptocurrency Markets Mature

The narrowing gap between bitcoin buy and sell orders on big exchanges like Binance shows an increasing depth to cryptocurrency markets.

Markets  ·  28 August 2020
Bitcoin

Wasabi Wallet Is Revamping Its CoinJoin Design to Allow Bitcoin Mixing With Differing Values

Wasabi Wallet's new protocol would allow users to coinjoin with differing values, which could give users greater flexibility when using the privacy feature.

Tech  ·  27 August 2020
Bitcoin

Market Wrap: Bitcoin’s Powell-Induced Price Swing; Ethereum Still High on Gas

Bitcoin's price gyrated by over $450 during and after Fed Chair Powell’s comments while Ethereum’s gas congestion continues.

Markets  ·  27 August 2020
Bitcoin

Bitcoin Pops and Drops After Powell Introduces Average Inflation Targeting

Bitcoin whipsawed on Thursday after the Federal Reserve’s chairman signaled tolerance for high inflation, as expected.

Markets  ·  27 August 2020
Bitcoin

Chainalysis Report Shows Healthy Crypto Usage in Venezuela

The Venezuelan government's push to create a cryptocurrency-centric economy appears to be working, but perhaps not in the way officials had hoped.

Markets  ·  27 August 2020
Bitcoin

First Mover: Monetary Challenges Aren’t Just Virtual as Fed’s Powell Returns to Jackson Hole

Crypto traders are prepping for a speech by Federal Reserve Chair Jerome Powell in Jackson Hole, Wyoming, where inflation is on the agenda.

Markets  ·  27 August 2020
Bitcoin

Bitcoin’s Implied Volatility Falls Sharply Ahead of Jerome Powell Speech

Bitcoin’s options market foresees little price turbulence in the short-term, even as markets await a key speech from the chairman of the Federal Reserve.

Markets  ·  27 August 2020
Bitcoin

New Zealand Stock Exchange Hit Repeatedly by Cybercriminals Demanding Bitcoin

NZX has halted trading for the third day in a row as a result of cybercriminals attempting to extort cryptocurrency.

News  ·  27 August 2020
Bitcoin

Unconfiscatable? Using Bitcoin to Resist Police Extortion in Nigeria

It's common in Nigeria for police officers to threaten and extort citizens for whatever money they can find. This man uses bitcoin as a hiding spot.

Tech  ·  26 August 2020
Bitcoin

Fed Chair Powell’s Jackson Hole Speech Could Hint at US Dollar’s Future

Fed Chair Jerome Powell's speech Thursday at the annual Jackson Hole Economic Symposium highlights how much has changed over the past year.

Markets  ·  26 August 2020