Data Shows US Dollar, Not Japanese Yen, Is Dominating Bitcoin Trade

news The debate over bitcoin’s role as a “safe haven” asset hit mainstream media on Tuesday, following reports that bitcoin’s recent price run could be attributed to Chinese capital flight. Speaking with CNBC on Tuesday, businessman and co-host of NBC’s “Shark Tank” Kevin O’Leary and Morgan Creek Digital’s Anthony “Pomp” Pompliano took opposing sides in…

Oct 16, 2020 at 12:45 UTCUpdated Oct 16, 2020 at 12:47 UTC(Dean Mouhtaropoulos/Getty Images)Five Machine Learning Methods Crypto Traders Should Know AboutIn a recent article, I discussed the relevance of the machine learning techniques powering the famous OpenAI’s GPT-3 could have for the crypto market. GPT-3 – which can answer questions, perform language analysis and…

Analysts and mining pools say selling pressure from mining wallets hasn't contributed to recent corrections in bitcoin's price. (Shutterstock)Jan 14, 2021 at 10:24 p.m. UTCBitcoin Miners Aren’t Responsible for Recent Price Dips, Data Shows“Miners are selling” is a popular trope used to explain bitcoin’s occasional downward price action. But on-chain data doesn’t support this narrative,…

Mt. Gox's repayment of customers who lost a combined 850,000 BTC – now valued at $33 billion – during its hack of 2014 appear to be progressing.Some former customers of the crypto exchange have reported receiving an email asking for confirmation of identity and account details on the mtgoxinsolvency subreddit group.The e-mails confirm the recipients

Apr 20, 2020 at 09:42 UTCNothing screams confidence in the U.S economy more than swapping Federal Reserve-issued money for a digital hedge against the mainstream financial system. The U.S. Government issued more than 80 million stimulus checks, each for $1,200, last week. To be deposited directly into bank accounts, the payment is intended to give…

Oct 15, 2020 at 21:10 UTCUpdated Oct 15, 2020 at 21:21 UTCFederal Reserve Chairman Jerome Powell (Wikimedia Commons)Federal Reserve Chairman Jerome Powell will speak next week as part of a panel on the future of cross-border payments at the International Monetary Fund’s (IMF) annual meeting. Panelists will discuss “the benefits and risks of cross-border” digital…

news The U.S. Federal Bureau of Investigation (FBI) is hunting for evidence of insider trading and securities fraud relating to the 2017 blockchain pivot of then-beverage firm Long Island Iced Tea (LTEA). According to a search warrant request, first reported by Quartz, the FBI is seeking to gain access to encrypted messages held on a phone…

The general manager of Binance Japan described stablecoins as the "glue" between the real economy and the blockchain in an interview with CoinDesk Japan.Takeshi Chino, speaking ahead of Binance's re-entry into Japan via its acquisition of regulated crypto exchange Sakura Exchange BitCoin, described how volatility of crypto prices may lead to profit opportunities but will…

Crypto exchange flows are “significant and substantial economically,” said a new study from the Bank for International Settlements examining on- and off-chain data.Though just a proof of concept, Project Atlas could underpin future crypto regulations, the central banking group said.A new decentralized finance data platform could underpin future regulation of crypto market actors, according to