Bitcoin: Is it Tulip Mania or the ​Internet?

Players in the financial and technology sector have different opinions about bitcoin. For skeptics, the cryptocurrency is reminiscent of Holland’s notorious Tulip bubble of 1637. They generated a wild, speculative mania and disappeared, leaving behind pretty flowers and wrecked investors. Meanwhile, for supporters, bitcoin is the internet: a symbol of decentralization that reached its full…

Study: Why Bakkt Didn’t Push Bitcoin Prices Up?

It has been more than a week since the high-profile launch, but Bakkt’s trading volume remains underwhelming with only 16 BTC as of this time of writing. Meanwhile, the spot rate of bitcoin has plunged massively, rising fears that Bakkt hype has not done well to the crypturrency. Bakkt An Underperforming Horse? Against all the…

CoinStats as an “Official Crypto Tracking App” at ChainPoint 19

On 14-15th of October, Yerevan is hosting the annual blockchain conference ChainPoint 19 initiated by Nooor Blockchain Armenia. CoinStats is proud to support the event by becoming the Official Crypto Tracking App of ChainPoint. And especially for our community, COINSTATS-CP19 promo-code is available for 20 percent discount. Want to rub shoulders with the thought-leaders and…

Bitcoin is the Worst Security; Here’s Why

US-based cryptocurrency exchanges, including Coinbase, Kraken, Circle Internet Financial (CRC), and Bittrex, have united to develop a rating system for cryptocurrencies. It determines whether or not an asset is a security after matching its features with the standards establlished by the Securities and Exchange Commission. The newly formed Crypto Ratings Council would allow exchange operators…

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,…