Bitcoin Uptrend Halts as US and China Agree to Resume Trade Negotiations

The interim uptrend of bitcoin is losing steam as risk-on sentiment got a boost after the United States and China agreed to resume trade talks. The benchmark cryptocurrency dropped by as much as 0.77 percent to $10,497.53 in early morning trade in Asia, snapping a five-day winning streak. Price had touched $10,833.14 on Wednesday, according…

Bitcoin is Rock Solid against All Altcoins – Except One

Bitcoin is stealing capital from thousands of similar cryptocurrencies as it goes on to become the benchmark asset for its kind. The world’s first and foremost cryptocurrency saw its value surging against altcoins since October 2018. The ETH/BTC instrument, representing the exchange rate of the second largest blockchain project Ethereum against bitcoin, dropped by 63…

Bitcoin Rises $780 in 4 Hours; What’s Driving the Pump

After registering a dismissive performance late last week, bitcoin has opened Monday with a bang. The bitcoin-to-dollar exchange rate surged by $780, or 7.88 percent, to establish its intraday high towards $10,680, according to data provided by CoinStats’ cryptocurrency portfolio management app. The move uphill appeared technical – wherein traders found psychological support around the…

Bitcoin Drops Ahead of Global Central Bankers Meet

Bitcoin is sliding downwards as investors await the meeting of global central bankers in Jackson Hole, Wyoming, starting today. The bitcoin-to-dollar exchange rate today plunged to $9,810.44, according to data provided by CoinStats’ cryptocurrency portfolio management app. At its weekly best, the pair was trading as high as $10,879.38. The move downward came despite warnings…

Bitcoin and Gold are Collectibles: Fund Manager

A fund manager associated with Pennsylvania-based investment management firm Valley Forge has questioned the safe-haven status of both Gold and its digital rival Bitcoin. Dev Kantesaria said in an interview with Business Insider that both the assets are no less than collectibles. “You are actually not buying any protection, you’re simply speculating,” the analyst noted….

Will the Real Satoshi Please Stand Up

The big secret at the core of Bitcoin is the identity of its creator, the pseudonym known as Satoshi Nakamoto. There have been many who claimed they created the benchmark cryptocurrency protocol – and failed. The most popular claim is from an Australian cryptographer Craig Wright – who literally sues anybody who questions him. However,…

Blow to Bitcoin as Trump Postpones China Tariffs

Bitcoin traded lower on Wednesday as the US delayed its plans to introduce fresh tariffs on some Chinese goods, registering yet another instance wherein the cryptocurrency shows correlation with macroeconomic events. The bitcoin-to-dollar exchange rate established an intraday low of $10,574.08, according to data fetched by CoinStats’ cryptocurrency portfolio management app. That brought the pair’s…

ICOs Ate Away 87% of Their Raised Funds: Report

Blockchain projects that raised capital via the distribution of digitized private securities yielded 87 percent losses, according to the Block Crypto. The cryptocurrency news and research service found that the so-called initial coin offering projects, or ICOs, raised at least $14 billion to $65 billion between August 2014 and December 2018. But 90.2 percent of…