Binance is launching a bitcoin-pegged token for trading called BTCB. The token will be released on the native blockchain of Binance or, simply, on Binance Chain. The information comes from a blog post of the exchange. The token will be made available for trading on the decentralized part of Binance - DEX, as well as…
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Where is the 30%+ correction in Bitcoin prices? It was certainly not present during weekend trading, as the world’s favorite cryptocurrency bolted past $9,000, climbed to $9,388, pulled back, only to repeat its magical mystery tour once more. The ensuing attack on what many analysts have claimed to be an inordinate concentration of profit taking…
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Bitcoin pushed past $8,200 in trading yesterday, rising to $8,270 at the moment. Although the move is positive, it is not the powerful thrust that analysts claim is necessary to really break out and challenge the $9,000 level. BTC has been range bound since early June, confusing analysts and investors alike. Is it accumulating strength,…
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CBS News just reported that the carbon dioxide released in our atmosphere from bitcoin mining operations is comparable to the one released by major cities such as Hamburg or Las Vegas. According to a study by MIT and Technical University of Munich, which sought to examine how much power is needed for mining bitcoin and…
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Bitcoin enthusiasts received an emotional lift today, as Bitcoin briefly tested its upper ranging boundary of $8,200. It has been locked in a tight $600 zone for a week from $7,500 to $8,100, displaying exhaustion and an apparent inability regain momentum from its previous bull run. Traders are beginning to lose patience, while analysts counsel…
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“Sell in May, and go away” is an oft-heard phrase amongst equity investors. Its truth has been borne out by years of study of the historical record. The presumption is that traders and investors alike prefer to take holiday after May, returning some time in September to resume their daily regimens. During that period, volumes…
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Analysts and investors have quantified nearly a dozen fundamental drivers that have propelled Bitcoin forward over the past four months, but there is always room for one more. The latest argument to be supported by the evidence of the historical record is that geopolitical tensions are shifting the tides of capital flows more in favor…
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Volatility? What volatility? Where did it go? Suddenly Bitcoin seems to have forgotten its most identifying trait, to be the most volatile asset class in history. For the past thirty days, there have been several fits and starts, but the world’s favorite cryptocurrency has displayed fairly stable price behavior of late, as if Bulls and Bears had…
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It is often said that politics and religion should never be discussed in mixed company, but in today’s digital age, you might want to refrain from discussing comparisons between Bitcoin and Gold, especially if there are any Gold Bugs in the room. The fact that comparisons are made is a mystery, but ever since its…
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Bitcoin Bulls and Bears seem to be honoring a “D-Day” truce, as market volatility has waned. The crypto leader has been ranging within tight boundaries between $7,600 and $7,800, but bears appear determined to bring about the 30%+ correction that everyone has been speaking to for weeks on end. One pundit accepts the “calm” as…
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