Bitcoin dominance hits 58% amid altcoin, stock market bloodbath

Bitcoin (BTC) neared $37,000 on Nov. 9 as a fresh BTC price surge appeared to take traders by surprise.BTC/USD 1-hour chart. Source: TradingViewU.S. "carrying" Bitcoin upsideData from Cointelegraph Markets Pro and TradingView showed BTC/USD passing $36,000 after the daily close.The pair went on to reach $36,864 on Bitstamp, making its highest level since early May

The recent crypto market jump could be linked to algorithmic trading, Bloomberg writes on Wednesday, April 3.Algorithmic trading — a method that uses automated software to detect trends and determine when trades should be made — has been on the rise in the last few months, according to Bloomberg. The industry has seen 17 new…

The Stellar Development Foundation has committed up to 2.5 million Lumens to six non-profit organizations to help out during the coronavirus crisis — and they’re calling on the community to help. The SDF will kick the initiative off by donating 100,000 XLM each to six charities, with the remaining funds used to match community contributions on…

They even wrote a self-help book about becoming a millionaire. Sounds like that may need to be updated. A recent filing from the United States Securities and Exchange Commission, or SEC, takes action against three individuals for allegedly raising millions of dollars against more than 1,000 victims. "From 2017 to May 2019, Jali, Frimpong, and Johnson,…

Shinhan Bank plans to use Hedera’s infrastructure to bolster the efficiency of many of its internal processes. 2262 Total views 12 Total shares Shinhan Bank, South Korea’s largest financial institution by total assets, has joined the governance council overseeing the Hedera network.In an April 14 announcement, Shinhan announced it had become the latest member of…

More African countries are considering adopting Bitcoin as the local crypto market surged over 1,200% in one year. 65 Total views 4 Total shares Zanzibar, a semi-autonomous territory in the United Republic of Tanzania, is reportedly exploring ways to regulate and adopt cryptocurrencies like Bitcoin (BTC).The government of Zanzibar is planning to conduct meetings with…

Bitcoin (BTC) price just made a $1,200 rally towards $8,700, leaving bears and shorts behind. Several signals were pointing towards a potential trend shift and price reversal, while the overall market sentiment was still extreme fear. Crypto market data. Source: Coin360The majority of the market was looking for lower levels to buy and most often when…

DeFi banking protocol MELD recently made headlines for attracting more than $1 billion worth of staked Cardano (ADA) to its protocol through a novel funding mechanism called an initial stake pool offering, or ISPO, marking an important innovation in how early adopters support blockchain startups. Cointelegraph had the opportunity to connect with MELD CEO Ken…

Consumers in Dubai will soon be able to use digital currency to pay for goods, services, and utilities following a new government partnership, a press release confirms Tuesday, Oct. 9.The deal between emcredit, a subsidiary of the Dubai Department of Economic Development, blockchain payment provider Pundi X, and its partner Ebooc Fintech & Loyalty Labs…