Cointelegraph

Bitcoin Price Fills $6.6K CME Gap as Technical Metrics Flip Bullish

Source Node: https://cointelegraph.com/news/bitcoin-price-fills-66k-cme-gap-as-technical-metrics-flip-bullish
Time Stamp: April 1, 2020 11:43 AM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

Bitcoin (BTC) delivered few surprises on April 1 as steadier trading conditions prevailed for a third day and volume remained low.Cryptocurrency market daily overview. Source: Coin360BTC price shoots to plug futures gapData from Coin360 and Cointelegraph Markets painted a decidedly lackluster April Fool’s Day 2020 for Bitcoin, which since March 30 had traded in a narrower corridor between $6,100 and $6,600.Compared with volatility earlier March, conditions were a relief for traders, while compared with the same time last year, the overall picture remained less enthusiastic.As Cointelegraph reported at the time,

Fed’s Quantitative Easing Strategy Holds Long-Term Benefits for Crypto

Source Node: https://cointelegraph.com/news/feds-quantitative-easing-strategy-holds-long-term-benefits-for-crypto
Time Stamp: April 1, 2020 11:30 AM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

These are perilous times, and it hasn’t escaped anyone’s notice that the United States Federal Reserve is doing its part to alleviate the suffering — which began with the coronavirus pandemic and has spread to the global economy. It’s printing more money. “There is an infinite amount of cash at the Federal Reserve,” Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, told Scott Pelley of CBS on March 22, adding: “We will do whatever we need to do to make sure there is enough cash in the financial

Amended Ripple Class-Action Covers Possibility XRP Is Not a Security

Source Node: https://cointelegraph.com/news/amended-ripple-class-action-covers-possibility-xrp-is-not-a-security
Time Stamp: April 1, 2020 11:07 AM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

An amendment to the class-action lawsuit against Ripple, filed March 25, included additional claims of false advertising and unfair competition, “under the alternative theory that XRP is not a security.”The disgruntled investors’ sixth and seventh claims for relief would appear to be a direct hedge in the event that the judge rules against the original suit suggesting that XRP was illegally sold as an unregistered security.Hedging their betsThe filing included two additional claims for relief, in relation to alleged false advertising and unfair competition, both in violation of the California

Cardano’s Byron Reboot Goes Live, Paving Way to Shelley Mainnet

Source Node: https://cointelegraph.com/news/cardanos-byron-reboot-goes-live-paving-way-to-shelley-mainnet
Time Stamp: April 1, 2020 8:17 AM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

Proof-of-stake (PoS) blockchain Cardano (ADA) went live with its Byron reboot yesterday, March 30, as the project prepares its transition to the Shelley mainnet.Announced by Cardano’s developer, the peer-to-peer technology firm Input Output Hong Kong (IOHK), the reboot involves a series of updates to major components of the Cardano network — the Cardano node, explorer, and Daedalus wallet backend, which is being spun out as a new version, Daedalus Flight.A process, not an eventIn an outline of the reboot’s significance, which has taken 18 months to complete, IOHK explained that

Not April Fool’s — Trump Hints at $9 Oil After Accidental Bitcoin Plug

Source Node: https://cointelegraph.com/news/not-april-fools-trump-hints-at-9-oil-after-accidental-bitcoin-plug
Time Stamp: April 1, 2020 5:11 AM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

After inadvertently advertising Bitcoin (BTC) last week, United States President Donald Trump has now hinted that he expects oil to crash to just $9.In a press conference on March 31, Trump reiterated what has become a penchant for lower oil prices. Trump: $9 could “get you what you wanted”He was speaking amid talks with both Russia and Saudi Arabia, both of which plan to increase oil production this month despite the plunge in demand caused by coronavirus. WTI crude prices have lost more than 50% in the past 30 days alone. “Look,

How to Trade Bitcoin Using Leverage and Not Worry About Liquidation

Source Node: https://cointelegraph.com/news/how-to-trade-bitcoin-using-leverage-and-not-worry-about-liquidation
Time Stamp: April 1, 2020 2:41 AM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

Institutional traders have long known the benefits of derivatives trading, including leverage and hedging. By trading options markets, one can predetermine maximum gains and losses, even with volatile assets like Bitcoin (BTC). Despite being far more complex, such instruments allow traders to generate gains independent of what happens over the next weeks or even months, which is essential for traders’ peace of mind to achieve optimal performance.Retail traders have only recently begun using derivatives, although they have focused almost exclusively on futures contracts offered by BitMEX, OKEx, Binance and so many

Strict Japanese Crypto Laws Discourage Foreign Exchanges … For Now

Source Node: https://cointelegraph.com/news/strict-japanese-crypto-laws-discourage-foreign-exchanges-for-now
Time Stamp: April 1, 2020 12:25 AM - Modified On: August 29, 2021 - Published By:
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[vc_row disable_element="yes"][vc_column][vc_column_text] A new report has found strict regulations are discouraging overseas exchanges from opening in Japan, but would likely benefit new players in the long term. Double jump.tokyo, the game developer behind My Crypto Heroes, commissioned a research team at So & Sato Law Offices to carry out a comprehensive report on digital assets in Japan. Released on March 31, the report covers all aspects of digital assets in the Asian nation, from tokenized securities to crypto derivatives. Entering the crypto market under strict regulations Joerg Schmidt and So