2.5M Bitcoin left on crypto exchanges signals “supply shock”

Thursday, May 2 — yesterday’s mild market movements continues, with most of the top twenty cryptocurrencies seeing mild green on the day at press time with typical growth of between 1 and 3%, as Coin360 data shows.Market visualization courtesy of Coin360Bitcoin (BTC) is up 1.4% on the day and is trading at $5,455 by press…

Nassim Taleb, university professor and author of Black Swan, thinks Bitcoin is a good idea but most investors can’t understand its nuances. 1435 Total views 35 Total shares Nassim Taleb, author of “Skin in the Game”, got into a small Twitter feud in which he explained that most investors can’t understand the nuances of a…

The legislation would oblige the DFA managers to withhold any deals, implicating the usage of crypto as a monetary surrogate In recent months, Russian legislators have been preparing measures to fully institutionalize crypto as a properly taxable investment asset and a possible tool for foreign trade in Russia. Now, they want to make clear that…

The IOTA Foundation has launched the Trinity wallet, as the organization announced in a press release on July 2.The announcement advertises the Trinity wallet as an improve to both ease-of-use and security for users conducting transactions in IOTA, with the purported goal of appealing to both new and advanced users.Reportedly, the wallet’s beta version has…

One community member described the salaries as "insanely out of touch," while another Twitter user accused those who established the rates of being "disconnected from reality." 214 Total views 1 Total shares The leaders of the decentralized autonomous organization (DAO) governing the ApeCoin ecosystem have been criticized by community members for what they described as…

Japanese cryptocurrency exchange Coincheck has announced it is reducing the scope of its leveraged trading options to comply with local rules.In a blog post on Aug. 30, officials said they were reducing the size of leverage available for margin traders from five times to four times.Coincheck plans Oct. 31 changesThe move has come in direct…

The global head of digital assets for Goldman Sachs said the demand for cryptocurrency from institutions is rising and the firm has been “actively broadening” its market capabilities to cater to that demand. 108 Total views 2 Total shares Banking giants Goldman Sachs and Britain’s Barclays have joined a $70 million Series A funding round…

A Malaysian energy supplier uncovered an illegal cryptocurrency mining operation stealing power from the local grid on the island nation of Borneo. 89 Total views 2 Total shares Authorities in the town of Miri on the island of Borneo shut down an illegal cryptocurrency mining operation and seized equipment following a tip off from the…

Bitcoin has zero correlation to stocks once more and critics were wrong to doubt its safe-haven status, says the Morgan Creek Digital co-founder. 1068 Total views 18 Total shares Bitcoin (BTC) “could not be more uncorrelated” with the stock market, Anthony Pompliano says as data shows that BTC is leaving macro assets behind.In a series…