Blockchain 

Bitcoin’s 2017 Boom Largely Fueled by a Single Trader

Bitcoin’s 2017 bull run, which saw the world’s leading digital asset top out at nearly $20,000 USD, was mostly driven by a lone anonymous trader, according to analysis gathered by two finance professors from the University of Texas and Ohio State University. Professors John Griffin and Amin Shams analyzed over 200 gigabits of data relating to the transaction history between Bitcoin and Tether, another highly controversial stablecoin, and found that the surge in value in late 2017 was attributable to one large player, or a whale in the crypto world, but…

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Blockchain 

Is the Launch of Bakkt to Blame For Bitcoin’s Price Drop?

Bitcoin’s price tanked almost 15% on Tuesday evening to a low of $8,165 in what was just the second day since the launch of Bakkt. The Intercontinental Exchange (ICE) launched its long-awaited Bitcoin futures trading platform on Monday, September 23 to considerable fanfare, and the entire world of crypto is even more curious to see just how much an impact it will have on the market. Just two days after the platform’s launch and the immediate effect has seen Bitcoin, and several altcoins, drop significantly. It’s similar to the movement seen…

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Blockchain 

Ethereum Bull Run Over | Will Bearish Market Be Like Bitcoin’s 2014/15?

Last week, Ethereum (ETH) dropped below $200, which led some to believe that cryptocurrency’s bull market is over. Placeholder partner and crypto investor Chris Burniske feels that ETH is experiencing its first bear market, synonymous to what Bitcoin (BTC) went through in 2014/15. Burniske noted that 2014/15 was one of the best periods to consider investing in Bitcoin. He adds that the cryptocurrency’s momentum was definitive regardless of the bearish price action. He says what happened then to Bitcoin is happening now to ETH. Ethereum Still Faces Unresolved Issues Yesterday,…

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Blockchain 

Chinese Investors Jump on Bitcoin’s Bull Trend but at a Higher Price

Cryptocurrency investment is on the rise right now, especially due to the recent Bitcoin uptick. BTC’s recent climb attracted Chinese investors, but they’re paying a premium price because they have to pay extra to purchase over the counter. China previously banned cryptocurrency exchanges from operating within its borders and also banned crypto trading. However, Chinese crypto investors have been using OTC platforms to access the cryptocurrency markets. The downside is that they have to purchase Bitcoin and other cryptocurrencies at a higher price than the officially listed market value. Some…

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Bitcoin 

Bitcoin’s Fall from Grace | Warren Buffett Said It All Along

Talk of the crypto-town is Bitcoin’s massive fall from grace. It seemed to be holding steady at around $6,300/$6,400 for most of October, but now it’s holding on for dear life. Mid-November saw the coin drop unprecedentedly. It began crashing and continues to today. At the time of writing, Bitcoin is priced at $4,2oo per coin and down a further 4% on the day. What Happened? Some will blame Bitcoin Cash’s hard fork for creating an industry scare. Some will blame talk of regulatory scrutiny for rattling investors. But others…

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