Bloomberg

$50K Fakeout? Bitcoin Trading Volume Isn’t Picking Up With Price Action

October has brought in a new surge in the bullish sentiment, in a couple of days, Bitcoin has returned to the $50,000. This signals the beginning of a new up-only season but could spell caution for the most experienced operators. Related Reading | Bitcoin Hash Rate Might Make New ATH Soon, What Does It Mean For The Price? At the time of writing, Bitcoin trades at $49,968 with a 4.4% profit in the daily chart. The first cryptocurrency by market cap was rejected north of the $50,000 and could trend lower

Boost Sales with Social Commerce This Holiday Season

Pumpkin spice is in the air and the holiday season is upon us. And with holiday sales expected to spike as much as 9% in 2021, now is the time to refine your sales strategy to make sure you’re set up for success. One way to boost your sales and reach new shoppers this season is by adopting new sales channels. With more and more shoppers taking to social media to explore brands and products, social commerce platforms like Facebook and Instagram can help give you the added visibility you

Nexo Chief: Bitcoin Boomers Flock to Semi-Centralized Finance Platforms

In 2020, crypto assets have outperformed gold and equities. Stocks have seen a lot of volatility leading up to the 2020 US presidential election. Antoni Trenchev, CEO of the Nexo online lending/borrowing platform, explained why Ethereum and other assets are on the rise. In part, the crypto space is seeing a rocketing interest among baby boomers. Start With Bitcoin Trenchev sat down with Bloomberg TV to share his thoughts on the huge surge in crypto-asset prices. He believes the DeFi craze has powered the market. The Bulgarian told Bloomberg that

Binance US CEO Says Crypto Adoption Can Make Businesses Pandemic Resilient

Rate this post Catherine Coley, CEO of Binance US, has recently given a statement that by adopting cryptocurrencies, businesses will be able to become “pandemic resilient”. She believes that crypto adoption is among one of the only ways that will help the businesses in this condition.  Coley Believes Crypto Has the Ability to Offer Uses Beyond Speculation  Coley had an interview on September 21 with Joe Weisenthal and Tracy Alloway, which was taken on the Odd Lots podcasts by Bloomberg. She believes that crypto has an ability to offer the

Bitcoin volume in India grows as fear of a ban emerges yet again

Banned or not, cryptocurrencies made its way to India, and traders have not shied away from the opportunity to explore their investment options. Among top cryptocurrencies, Bitcoin has been the most-opted for crypto given its history and dominance above other alts. As the BTC market has been providing great opportunities for traders to enter the market, there has been a rise in Indian peer-to-peer activity which has also managed to surpass China.Source: Arcane ResearchThe P2P market has been witnessing great volumes in 2020 and Paxful has been the leading exchange

Stocks and Digital Assets Recover from Recent Pullback

Don’t you just love these markets? The Nasdaq Composite is down about 10% from her peak last week. The dip on ether is more like 30% from tip to trough.Further down the ladder we have DeFi, which is a world that exists under Ethereum within the sphere of FinTech, a subset of technology that hasn’t really penetrated the NASDAQ too much to date. The total amount of money currently deployed in DeFi contracts almost hit $10 billion at the beginning of the month, before the slide. What’s most awesome about

Bitcoin Reddit Roundup – August 2020

Welcome to the 3rd edition of Reddit Roundup by Nik and Flip of Bitcoin Magazine!This contains 40 links to most of the best quality content that was uploaded to Reddit for this month. Most links come from the popular r/bitcoin, but we also retrieved posts from other ones as well such as r/BitcoinMining.In this roundup, there are 10 different categories each link falls under, and the categories are: Privacy, Adoption, Development, Security, Mining, Business, Education, Regulation & Politics, Archaeology (Financial Incumbents), and last but not least Memes, Fun, And Other.Some

Why An Analyst Thinks Bitcoin Is “OK” as Long as This Level Holds

Bitcoin has undergone a strong correction over the past few days. The cryptocurrency, after peaking near $12,100 last week, reached a low of $9,800 over the past few days. Bitcoin has since undergone a bounce, with the coin now trading at $10,400 as of this article’s writing. While there are bears calling for a bear market, a historically accurate trader says Bitcoin remains in a good spot. The caveat is that BTC must hold $9,000, or else it may risk a reversion to the lows. Bitcoin Remains in a Bullish

Insuring Gold Reserves Just Got Even Harder amid Rising Price

Some of the largest gold storage companies in the world are facing an insurance nightmare. As the price of gold increases, the amount that can be stored and insured at any single location has fallen, forcing companies to juggle gold bars, according to a Bloomberg report. The problem isn’t space—there’s plenty of space to house all the world’s gold. The problem is the insurance. One Lloyd’s underwriting company, QBE European Operations, is reportedly willing insure up to $150 million in gold in any single vault, but not more than that.