Bitcoin Surges Ahead of Halving, Aiming for $10,500

Bitcoin is back in the spotlight after posting $600 in gains today. Now, it seems poised to hit $10,500 based on several different indicators. Key Takeaways The flagship cryptocurrency has seen its price increase by nearly 10% over the past 24 hours. The most significant resistance barriers ahead sit at $10,500 and $10,900. While BTC […]

Considering Adding Bitcoin to Your Portfolio? Answer These 3 Questions First

Source: Adobe/Valerii Honcharuk Instead of jumping straight onto the bitcoin (BTC) bandwagon, traditional investors should ask themselves three “critical questions,” and make sure they can answer each of them satisfactorily, crypto investment firm Bitwise Asset Management urged in their new report. According to the report, titled The Case for Bitcoin in an Institutional Portfolio, investors […]

ErisX Wins BitLicense, Bitcoin Trading Booms on Silvergate & Square + More News

Source: Adobe/Open Studio Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news TD Ameritrade and other investors-backed ErisX crypto exchange has won a BitLicense operating permit in New York, per an official release from the state financial regulator. […]

The Tron/Justin Sun Scandal Gets Hotter as Cryptoverse Seeks Explanation

Justin Sun. Source: a video screenshot, Youtube, Tron After yesterday’s reports that Tron, which maintains the Tron (TRX) blockchain, led by CEO and Founder Justin Sun, seemingly received more than USD 2 million from the US pandemic relief fund, the story’s not getting its epilogue, but rather a new development while Tron and its boss […]

China’s Dominance in Bitcoin Mining Dropped Amid Growing Competition

Source: Adobe/luzitanija Chinese Bitcoin (BTC) miners’ share in Bitcoin’s hashrate, or the computational power of the network, shrunk this year when hashrate jumped by 25%, while the US returned to second place, according to the Bitcoin Mining Map created by the Cambridge Centre for Alternative Finance (CCFAF). The map shows the approximate geographic distribution of […]

This Trading Pair Paints Bearish Picture for Ripple’s XRP

Ripple’s slow but steady dissemination of XRP tokens could be impeding this cryptocurrency from achieving its upside potential. Key Takeaways XRP appears to have broken below a significant level of support signaling a move down to 11,000 satoshis, according to a renowned analyst. However, the XRP/USD trading pair doesn’t look as bad. An increase in […]

This is Why Criminals Prefer Less Anonymous Bitcoin to Privacy Coins

Source: Adobe/motortion Privacy coins have come under a lot of fire in recent times, and many leading anonymity tokens, such as zcash (ZEC), and monero (XMR) have come under fire from regulators, who claim they are the token of choice for terrorists, drug dealers, and money launderers. Many of these tokens have been delisted from […]

TON Community Launches Free Version of Telegram Open Blockchain

The Free TON community, an independent group of software developers, validators and users are launching the “Free TON Blockchain” today, May 7. The blockchain would appear to be based on the Telegram Open Network, the blockchain originally created by encrypted messenger app Telegram. The TON community had previously declared that it would release the network, […]

Bitcoin Continues Grinding Higher as Stocks, Gold Levels Off

Source: Adobe/xartproduction With the halving now several days away, bitcoin (BTC) has continued to grind higher in the market in recent days, despite a weaker overall crypto market and a levelling off in the price of both gold and US stocks. The outperformance of the number one digital asset has been particularly strong after the […]

Are Institutions Re-Opening Their Bitcoin Positions?

A confluence of forces and data paint a very bullish picture for Bitcoin heading into next week’s halving event. What’s more, institutional investors appear to be dominating these sentiments. Key Takeaways Institutional derivatives have seen significant traction, with open interest more than doubling in April. The rise in open interest can be explained by either […]