Bitcoin price rebound may hit in 10 days as Fed liquidity ‘rips higher’
Bitcoin price behavior — including its run to all-time highs in March — is displaying an uncanny correlation to Fed liquidity.
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Bitcoin market sentiment and fundamentals still favor BTC price bulls
Bitcoin price has seen a healthy upward tick toward the $13,000 mark in the fourth quarter. At the start of the quarter, Bitcoin (BTC) was in the sub-$11,000 region, and from there, constant rises took the price to the $13,000 mark on Oct. 21 for the first time this year.The price rallied to $13,217, a…
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PayPal held $604M in Bitcoin and other crypto by the end of 2022
Bitcoin and Ether have the largest share in PayPal’s crypto assets, accounting for $291 million and $250 million in the asset breakdown, respectively. 471 Total views 6 Total shares Own this piece of history Collect this article as an NFTGlobal payment giant PayPal holds a significant part of its financial liabilities in cryptocurrencies like Bitcoin…
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Fines and regulation: The ever-growing landscape of crypto compliance
It is a goal of many in the crypto industry to evolve the space and bring it into the mainstream, but the industry still faces constant criticism from and continues to be regulated by individuals who may not fully understand how it works. Regulatory bodies worldwide have been increasingly vigilant in addressing potential risks and…
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Cryptocurrency Exchange Bitfinex Announces a LEO Token Burn Initiative
Cryptocurrency exchange Bitfinex announced a LEO burn initiative in a Medium post published on June 14.Per the announcement, the initiative will see the exchange’s parent company iFinex funnel its gross revenue into purchasing LEO tokens at market prices in what the post refers to as the UNUS SED LEO burn mechanism. This new system will…
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Coinbase made $2.2 billion in revenue from transaction fees in Q4
The largest crypto trading platform in the U.S. has beaten analysts’ expectations by 27% in its Q4 earnings despite a broader slump in the crypto market. 251 Total views 27 Total shares Coinbase’s Q4 financial report vastly exceeded market expectations Thursday, after the firm posted $2.5 billion in net revenue for the quarter, beating analyst…
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‘Hyper-deflationary’ network launches mainnet amid rising inflation
The AXIA native cryptocurrency becomes scarce as the activity or participation on the network increases. 148 Total views 29 Total shares AXIA, the team behind the novel message-to-earn approach of AXChat, announced the mainnet launch of its blockchain and native currency on Thursday. The new network is designed to provide a "hyper-deflationary" economic model in…
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Raiz to Offer Bitcoin Fund to Australian Retail Investors in 2020
Australian micro-investment startup Raiz is set to bring Bitcoin (BTC) fund options to its users, Australian Financial Review (AFR) reports on Jan. 20. The firm cleared the last legal hurdle with the Australian Securities and Investment Commission (ASIC), the country’s financial watchdog agency.Raiz is a fintech startup offering micro-investment services to its 300,000 registered accounts.…
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Intrinsic value of crypto: What is it and how to calculate it
The intrinsic value of cryptocurrencies can be calculated using Metcalfe’s Law, production costs and discounted utility models.