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Nikkei Report Exposes PBoC’s Fear of Bitcoin

Bitcoin is giving the People’s Bank of China sleepless nights, according to a new report by the Nikkei Asian Review. The media coverage highlights how people in China have shown a middle-finger to the capital control measures imposed by their central bank and government. They are purchasing bitcoins en masse and using them in offshore…

CoinStats Insights Predicted the Recent Bitcoin Pump

CoinStats Insights, an analytical tool integrated within the CoinStats cryptocurrency portfolio management app, was correct in predicting today’s bitcoin pump. One of the tool’s features, which catalogues a cryptocurrency’s buying and selling sentiment, noted a spike in buyer’s interest in the bitcoin market at around 08:00 UTC. At close to 59 percent, the bullish bias…

What Pumped Tezos (XTZ) by Up To 50% This Week

Tezos (XTZ) is returning impressive profits to its investors this week. The world’s fifteenth largest cryptocurrency was up 50 percent yesterday on a 7-day timeframe. It established a higher high of $1.474 according to data fetched by CoinStats’ cryptocurrency portfolio management app. The price slipped this Friday, but a marginal percentage, maintaining the upside streak…

Trading Ethereum in a Bear Market: Opinion

Despite being one of the most influential blockchain projects out there, Ethereum has been unable to impress investors in 2019. The second-largest cryptocurrency by market cap is down more than 26 percent in July. And regardless of an impressive YTD return of 60 percent, it remained dwarfed before bitcoin, whose yearly returns are almost triple…

US Treasury Secretary is Playing Mind Games with Bitcoin Investors

US Treasury Secretary Steven Mnuchin is the new Nouriel Roubini for bitcoin enthusiasts. The comparison borrows fat from the White House official’s string of verbal attacks on the cryptocurrency. Last week, he called bitcoin “a national security threat,” sending it down by as much as 16 percent in just 12 hours. And then, Mnuchin appeared…

Don’t Party Tron Believers, For the Crypto is Still Bearish

The Tron (TRX) market stepped into light on Wednesday as investors’ confident in the cryptocurrency returned. The world’s twelfth biggest blockchain asset posted two consecutively sessions in green until Thursday. Ahead of the close, the TRX/BTC exchange rate had established 247 sats as its intraday peak, up 14.88 percent from its local swing low, shows…