Bitcoin, which lost three-quarters of its value in 2018, has soared by 24% since Friday and more than doubled in price so far this year. At 1612 GMT it was up 0.8% at 7,874. There was no obvious reason for the sudden rise with the opacity of cryptocurrency markets rendering it virtually impossible to prove or disprove any theories. Some traders said investors moved money to bitcoin, treating it as a safe haven as traditional financial markets stumbled on fears that a worsening Sino-U.S. trade dispute could derail the global economy. But none of the four traders that Reuters spoke to could produce evidence to support that claim….CLICK for complete article
The market capitalization of crypto is 300% higher now than it was two years ago this date. Among the biggest changes from two years ago is Bitcoin (BTC) dominance over the sector, down from 85% (January 2017) to circling around 50% today. This change is mostly traceable to the rise of specialized tokens filling various market needs, something very few could have predicted 5 years ago….CLICK for complete article
There is an interesting concern rising from the too numerous exchanges for Bitcoin. A study has revealed that the market is being manipulated to create the impression that there is a $6 billion market trading every day. This manipulation is all about boosting the image of volume using what the study shows are known as “wash trades” where the same party is buying and selling at the very same price. The survey, first reported …Click here for full article.
After over a year and a half of decreasing Bitcoin mining revenue, a new report shows a small yet significant recovery in the gross margins. Let’s take a look at what the mining industry has been through in recent years, and what this recovery could mean for the near future.
Last month, Bitcoin mining revenues fell to their lowest intake since August 2017. The total mining income in February 2019 totalled $195 million – a mere fraction compared to the $951 million peak of December 2017, and a 10% decline…Click here for full article.
Despite an environment rife with economic and political instability, global M&A value in 2018 reached near-record levels as markets remained unhampered by the heightened geopolitical risk. The cryptocurrency space was not nearly as rampant, yet the industry still managed to record a decent amount of consolidation as companies looked to beef up their platforms through the acquisition of like-minded entities.
But now another trend is emerging: crypto companies are using ‘backdoor listings’ to ease into…Click here for full article
The crypto-sphere underwent a sort of transformation in 2018…
Consider it the awkward teenage years of the burgeoning space. Bitcoin stumbled, struggling to find its place in the world. And regulators, officials and traditional economists didn’t make it much easier…. CLICK for complete article