Monthly Archives: February 2020

FAANG Stocks Provide a Better Risk-Adjusted Performance Than Bitcoin

New data shows FAANG stocks offer better risk-adjusted performance than the top 3 cryptocurrencies in the market, including Bitcoin. Bitcoin (BTC) and other cryptocurrencies have been compared to FAANG (Facebook, Apple, Amazon, Netflix and Google) companies due to their network effects, as reported by Cointelegraph. The rationale that the increase in people using a platform makes its value increase exponentially — as it happens with Facebook or the App Store — is applied to cryptocurrencies at large: The more people that hold a crypto asset, the bigger […]

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German Economy in Risk of Recession Amid Weak Demand, Tariff Threat, and Epidemic

Germany, the economic powerhouse of Europe, is facing renewed challenges that may soon push it towards recession. Falling industrial production and dwindling factory orders are the prime cause of concern. The negative results have been announced on the backdrop of weak demand from Eurozone countries, U.S. threats for import tariffs, and the fallout from the coronavirus outbreak that has already closed down VW plants in China. Also read: 41 German Banks Now Charge Negative Interest Rates Germany’s Industrial Output Slumps 3.5%, Orders Down Over 2% Industrial production […]

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Cryptocurrency Futures and Prediction Markets Show Trump Wins the US 2020 Election

In less than 270 days the United States will have its 2020 election and millions of people worldwide will be betting on whether Donald Trump is reelected. Cryptocurrency participants are currently wagering their digital assets on the election outcome, where the odds on prediction markets and betting sites indicate Trump will likely win. Also read: New Regency Television Wins Screen Rights to Onecoin Story – The Missing Cryptoqueen Crypto Traders Are Betting Donald Trump Will Win the US 2020 Election Whether you love him or hate him, […]

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BSV and BCH Are Surging With Their Halvings a Month Before Bitcoin

Bitcoin Cash and Bitcoin SV have posted triple-digit gains in 2020 as traders are eyeing the halving events set to take place a month before Bitcoin’s. Recently, Bitcoin (BTC) has been picking up momentum as the halving in May 2020 moves closer. However, large-cap Bitcoin forks namely, Bitcoin SV and Bitcoin Cash, will have their own halvings in April and the effects are already showing. This year, they gained 270% (BSV) and 132% (BCH) already, compared to Bitcoin’s 40%.  Crypto market daily performance. Source: Coin360 Bitcoin SV […]

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Mysterious ‘Binance Cloud’ Launching in 10 Days, CEO CZ Confirms

Binance CEO, Changpeng Zhao, hinted at the imminent unveiling of a new product called Binance Cloud in a recent Twitter AMA. In a wide-ranging ask-me-anything (AMA) on Feb. 7, Binance CEO Changpeng Zhao announced big plans for the cryptocurrency exchange in 2020. One of the most imminent and least explained was the hinted arrival of a new product called Binance Cloud, which will reportedly be unveiled in the next 10 days. Taking Binance into the cloud Exactly what Binance Cloud might entail was not explained, as Zhao […]

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Coinbase Says Bitcoin Will Become Closer to Digital Gold in 93 Days

Coinbase pushes the “Bitcoin as digital goldâ€� narrative, in a blog post ahead of May’s upcoming halving event. With May’s Bitcoin halving event drawing ever closer, Coinbase recently took to pushing the “Bitcoin as digital gold” narrative. In a tweet-storm to promote an accompanying blog-post published Feb. 7, it covered the key reasons why the halving and subsequent supply rate reduction will further cement that link. Scarcity creates value Since the gold standard was broken in 1971, the dollar’s value has declined and gold’s value, in dollar […]

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One Coin, Much Drama: OneCoin Ponzi Scheme Lives on as TV Show

The co-founder of the notorious $5 billion fraud, Ruja Ignatova, will ultimately hit screens after a U.S. production company wins filming rights. The co-founder of cryptocurrency-inspired Ponzi scheme OneCoin faces charges of fraud and money laundering in her absence — but will now become a movie star. As Hollywood news outlet Deadline reported on Feb. 4, a United States production company has won the rights to a podcast about Ruja Ignatova originally aired by the British Broadcasting Corporation (BBC) in the United Kingdom. OneCoin drama plans to […]

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Bitcoin May Dip to $6.8K Without New Coronavirus-Style Event — Trader

The latest Cointelegraph Market Discussion focuses on whether Bitcoin can realistically sustain its 40% year-to-date gains. Bitcoin (BTC) may have come within 2% of $10,000 this week, but its 40% gains in 2020 are now making traders bearish about the future.  Speaking to Cointelegraph in a Market discussion on Feb. 7, two trading heavyweights highlighted what they consider to be the increasing potential for Bitcoin to lose value in the short term.  DiPasquale: BTC benefits from global instability Alameda Research co-founder Sam Bankman-Fried was undecided on Bitcoin’s […]

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Last Bitcoin Price Dip Before $10,000? Here’s How Low It Can Go

Bitcoin price enters what could be a brief consolidation phase but traders are keeping a sharp eye on the approaching weekly close. After an impressive performance over the past two weeks, Bitcoin (BTC) price appears to be taking a breather which on Feb. 7 saw the price trade in the $9,730 to $9,800 range. The weekly high at $9,910 appears to be standing as resistance and the price traded sideways under this level throughout the day.  Crypto market weekly price chart. Source: Coin360 So far, $9,730 has […]

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Watch BitBull Capital’s Joe DiPasquale and FTX’s Sam Bankman-Fried Talk Crypto

Don’t miss Cointelegraph’s latest YouTube video! How sustainable is Bitcoin’s latest bull run? Is bad coronavirus news somehow good news for BTC price? “Bad news is good news for Bitcoin, but bad news is bad news for everything,” said Sam Bankman-Fried, CEO of crypto derivatives exchange FTX. He was joined by BitBull Capital CEO Joe DiPasquale in Cointelegraph’s latest YouTube video, where they pick apart those topics and many others: the relationship between BTC price and Tesla’s stock price, Bitcoin’s potential advantages over the US dollar as […]

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