Monthly Archives: April 2020

Exchange CEO Explains Bitcoin Exploring Uncorrelated Price Action

Bitcoin looks to be exploring its own price path, AAX crypto exchange CEO Thor Chan explained. Bitcoin’s price initially dumped alongside the mainstream markets, but now looks to be exploring its own route.  “When the stock markets crashed, Bitcoin crashed,â€� AAX crypto exchange CEO Thor Chan told Cointelegraph. “It appeared that they were correlated,â€� he posited, adding: “However, the previous plunge of Bitcoin together with traditional financial markets is due to a liquidity problem. People dump whatever they can in any market. This is very extreme and […]

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Q1 Crypto Trade Volume Jumps 61%, Bitcoin’s Price Performance Trumps Equity and Gold Markets

For well over a month now, a great number of countries have been living under lockdowns and stay-at-home orders due to the coronavirus outbreak. Meanwhile, central banks like the Fed, Bank of England (BoE), and European Central Bank (ECB) have funneled trillions into the hands of private financial incumbents. Despite the market carnage on March 12, cryptocurrency markets have gone against the trend and remain resilient. Bitcoin and digital currency trade volumes in the first quarter (Q1) of 2020 have outshined Q1 2019’s volumes by 61%. Also […]

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If Bitcoin Hits $8K, What Will Happen Next?

Charlie Burton and Clement Ip discuss why you should be wary of a move above $8K. Bitcoin has been holding above $7K, but where will its next move take it? Many investors are eyeing $8K as a key level for continuing Bitcoin’s upward momentum and possibly pushing it into a bull market. However, a couple traders believe Bitcoin could easily make a reversal in the near future and plummet back down to $3K. BBC featured trader Charlie Burton and co-founder of Genesis Block HK Clement Ip weighed […]

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Blockchain to Authenticate Coronavirus-Response KN95 Face Masks From China

Blockchain technology will be used to ensure the authenticity of Chinese KN95 face masks by leveraging VeChain. As the United States continues to struggle with a shortage of N95 masks needed to combat the deadly coronavirus, the Food and Drug Administration announced on April 3 that it has approved the use of KN95 masks in the country. Unlike N95 masks that are tested and certified by the National Institute for Occupational Safety and Health, a Centers for Disease Control and Prevention research agency, KN95 masks are regulated […]

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Petro Couldn’t Save the Cartel of the Suns Conspiracy From the Sting of Sanctions

Despite the high level of privacy, Venezuela’s national crypto could not help avoid international sanctions nor even cover the illicit activities of the country’s leaders. At the end of February, the United States Immigration and Customs Enforcement revealed its Cryptocurrency Intelligence Program, which targets peer-to-peer and darknet markets for the illicit use of cryptocurrencies. Then, in a press conference one month later, the U.S. Department of Justice indicted Venezuelan President Nicolas Maduro and 14 other top officials in the country. The charges include leveraging political offices, financial […]

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Algorithmic Trading Strategies, Explained

Algorithmic trading strategies use data, statistics and code to automate the process of buying and selling — and this can lead to serious benefits for traders who implement them. Where can I begin algorithmic trading with cryptocurrency? There are many websites that offer a variety of trading algorithms, which you can then connect to the digital asset exchange of your choice. Quite a few services exist that can get you quickly set up with algorithmic trading. Sites such as TradeSanta, Bitsgap and Cryptohopper all offer multiple types […]

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Bitcoin Price Ignores $2.3T Fed Cash as Pundit Warns of ‘Sucker Rally’

The current $7,000+ price performance is getting a highly suspicious reception from traders, as markets see yet more bailouts. Bitcoin (BTC) braved less volatile but choppy trading on April 9 as the United States Federal Reserve flooded markets with trillions in dollars. Cryptocurrency market daily overview. Source: Coin360 Fed rolls out trillions in loans Data from Coin360 and Cointelegraph Markets showed BTC/USD still keeping within a tight $400 corridor between $7,100 and $7,410 as the week continued. A sudden dip to $7,110 formed the most volatile feature […]

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Eidoo Card Is Available for Pre-Order – Seamlessly Connect Your Fiat and Crypto Wallets

Gone are the days when online fiat payment processors and digital wallets were viewed as something new and innovative. By now, most people are used to shopping online, especially in developed countries. The current payment processors are well-established and they’ve gained the public’s trust. They’ve done something groundbreaking and that’s to take shoppers online and allow for online buying and selling of goods and services. However, could they have done it better and could it be done better? For starters, let’s take a look at the current […]

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Sony and Other Major Multinationals File 212 Blockchain Patents in China in 2020

35 multinational companies have applied for 212 blockchain-related patents in China, including Microsoft and Mastercard. China has been a hotspot for blockchain patents and development. As Cointelegraph previously reported, the National Intellectual Property Administration of China has awarded 2,191 blockchain patents between 2017 to 2019. Major multinational companies have also shown immense interest in filing blockchain patents in China. The latest Global Times report suggests that 35 multinationals including Microsoft, Walmart, Mastercard, Sony and Intel, had applied for a total of 212 blockchain patents by the end […]

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French Financial Regulator Responds to EU’s Crypto Consultation

As the European Commission finished its crypto consultation in March, France’s major financial regulator expressed its stance on the matter. As the European Commission finished its public consultation on cryptocurrency assets in March, France’s major financial regulator stepped in to express its stance on the matter. The Autorité des Marchés Financiers (AMF), the stock market regulator in France, has published an official response to the EC consultation, outlining some basic proposals regarding their own vision for crypto assets within the EC’s approach. It’s too early to establish […]

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