‘The Black Swan’ author says Bitcoin a poor hedge against market meltdown

Bitcoin's (BTC) market behavior is not yet “synonymous” with previous bear market bottoms, one of the leading crypto analysts argues.In a Twitter thread on Sept. 14, statistician Willy Woo, creator of data resource Woobull, offered three examples of why BTC/USD should still have further to fall.Despite many calling a new macro price bottom during June’s…

The new federal budget states that Bitcoin will fall under the “current tax treatment of digital currencies, including the capital gains tax treatment, where they are held as an investment.” 157 Total views 2 Total shares The first federal budget under the Anthony Albanese led-government has outlined that Bitcoin (BTC) will continue to be treated…

The number of attendees of the Ethereum Community Conference (EthCC) conference in Paris to contract coronavirus has now increased to seven — highlighting the urgent need for attendees to get tested for COVID-19.The EthCC conference took place from March 3 until March 5 — just a few days prior to the Macron government banning all…

Matrixport, the cryptocurrency firm founded by Bitmain co-founder Wu Jihan, is in the process of raising $100 million funding despite the ongoing crypto market crisis.Lead investors have already committed $50 million for Matrixport’s new funding round at a $1.5 billion valuation, Bloomberg reported on Nov. 25. The deal has yet to be finalized as Matrixport…

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Ethereum's native token Ether (ETH) faces the possibility of a 35% price correction in Q2 as it comes closer to breaking below its "ascending triangle" pattern.ETH price breakdown ahead?Ether's price swung between profits and losses on May 2 while trading around $2,825, showing indecisiveness among traders about their next bias. Interestingly, the Ethereum token wobbled…

Investments under custody are usually very safe, until the accountability of the custodian is called into question. 542 Total views 15 Total shares With rumors of insolvency flying high among crypto firms such as Celsius and Three Arrows Capital, investors couldn't help but ask a simple question: What happened to all the funds that were…

It has now been three months since Bitcoin’s price peaked at an all-time high just shy of $65,000. For most of the last two months, Bitcoin (BTC) has been trading in the $30,000–$40,000 range, as much as 54% lower than its peakThe downturn came at a time when many analysts were predicting exactly the opposite…