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Invest 3% in Bitcoin to Avoid COVID-19 Lockdown Devaluation — BitGo CEO

Source Node: https://cointelegraph.com/news/invest-3-in-bitcoin-to-avoid-covid-19-lockdown-devaluation-bitgo-ceo
Time Stamp: August 12, 2020 10:36 AM - Modified On: May 21, 2021 - Published By:
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Coronavirus lockdowns will force people out of fiat currency and into gold and Bitcoin (BTC), the CEO of cryptocurrency asset manager BitGo has warned.In a series of tweets on Aug. 12, Mike Belshe strongly urged investors to divert a minimum of 3% of their portfolio into Bitcoin.Belshe: investors will move from cash to gold, BitcoinAs multiple jurisdictions around the world reenter compulsory lockdown conditions, Belshe said that in the United States, the government had made a prison for itself using the policy.“The government is being forced to maintain lockdowns for

Grayscale Bitcoin Trust Saw Surge in Investor Interest After March

Source Node: https://cointelegraph.com/news/grayscale-bitcoin-trust-saw-surge-in-investor-interest-after-march
Time Stamp: August 12, 2020 9:18 AM - Modified On: May 21, 2021 - Published By:
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The Grayscale Bitcoin Trust, an investment tool that aims to provide an indirect exposure to Bitcoin (BTC) for investors in traditional markets, reported a significant increase in how many shares it issued between Q2 and Q1 of 2020.According to an Aug. 7 filing with the Securities and Exchange Commission, the trust issued more than 87 million shares in Q2 2020, compared to the total of 133 million shares issued for all of 2020.The trust issued almost 90% more shares in the second quarter of 2020 compared to the first. This

Web Traffic on Global Crypto Exchanges Surged 13% in July

Source Node: https://cointelegraph.com/news/web-traffic-on-global-crypto-exchanges-surged-13-in-july
Time Stamp: August 10, 2020 8:59 AM - Modified On: May 21, 2021 - Published By:
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Global crypto exchanges have reportedly seen a significant increase in web traffic in July as cryptocurrency prices gained momentum.According to data from crypto analytics startup ICO Analytics, web traffic on global crypto exchanges increased by 13% on average in July 2020. Illia Kmez, head of content at ICO Analytics, told Cointelegraph that centralized crypto exchanges added 26% in web traffic since December 2020. In order to provide calculations, the startup analyzed web traffic of around 100 exchanges including international trading platforms and exchanges that only operate in one country, Kmez said.While

Economic Crisis Leaves US Government Officials in State of Confusion

Source Node: https://beincrypto.com/economic-crisis-leaves-us-government-officials-in-state-of-confusion/
Time Stamp: August 9, 2020 1:20 PM - Modified On: May 21, 2021 - Published By:
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The continuing economic trauma from the COVID-19 crisis has left US government officials in a state of confusion. While some argue for opening the economy, others are advocating for a complete shutdown. The lack of clear economic policy direction is becoming more and more apparent as the crisis unfolds. The difficulty appears to be the potential impact of another shutdown weighed against the continued economic stagnation from partial closures. US Economy Bleeding Out The Federal Reserve Bank of Minneapolis President Neel Kashkari is on the side of complete closure. In

Bitcoin is Almost as Big as Bank of America

Source Node: https://cointelegraph.com/news/bitcoin-is-almost-as-big-as-bank-of-america
Time Stamp: August 8, 2020 11:00 AM - Modified On: May 21, 2021 - Published By:
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All the speculative capital invested in Bitcoin (BTC) at the moment totals just a few billion dollars shy of Bank of America's market valuation.Bitcoin's current market cap sits just over $217 billion, according to Cointelegraph data at press time, while Yahoo Finance shows Bank of America's market cap holding slightly over $226 billion — a comparison introduced in a recent article from The Next Web. Bitcoin's market cap climbing in comparisonAlthough it has endured its fair share of dramatic price fluctuations, Bitcoin's price has grown substantially in 2020, rising past several

Bitcoin is Overvalued at $11,000, Analyst Explains Why

Source Node: https://bitcoinist.com/bitcoin-is-overvalued-at-11000-analyst-explains-why/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-is-overvalued-at-11000-analyst-explains-why
Time Stamp: August 4, 2020 4:44 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin stands overvalued at $11,000 in the short-term, according to analysts at Phi Deltalytics. The statement followed a drop in net positions on Chicago Mercantile Exchange’s Bitcoin Futures last week. It showed institutional investors are bearish, a sentiment that amounts to a correction in the Bitcoin market. A cheerful Bitcoin price rally above $11,000 is unlikely to sustain in the short-term, according to analysts at Phi Deltalytics. Bitcoin CME Positions Fall The crypto-focused investment consultation portal said the BTC/USD stands overvalued above $11,000. It reasoned the analogy with a drop

What is Serum? A DeFi Derivatives DEX Guide

Source Node: https://www.asiacryptotoday.com/serum-srm-guide/
Time Stamp: August 3, 2020 5:54 AM - Modified On: May 21, 2021 - Published By:
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DeFi-based exchanges have seen wild success in 2020 thanks to yield farming, which has incentivized hundreds of thousands of users to provide liquidity to these platforms. With that being said, DEXs are still a far-cry from centralized exchanges in both UI and UX. Serum is here to change all that. Serum is a protocol that claims to be “pure DeFi” as they have managed to address a lot of issues the space is facing. Most of the users in DeFi today are not traders but yield farmers. Yield farmers are

Bitcoin Whales Are Accumulating More Than 50,000 BTC Every Month: Report

Source Node: https://cryptopotato.com/bitcoin-whales-are-accumulating-more-than-50000-btc-every-month-report/
Time Stamp: August 1, 2020 7:11 AM - Modified On: May 21, 2021 - Published By:
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The latest data suggests that Bitcoin’s recent bullish stint has excited large scale investors. Whales have been accumulating copious amounts of BTC in anticipation of a larger rally. Also, there’s an almost 38 percent increment in Bitcoin addresses holding more than $1 million worth of BTC.Bitcoin Hodler Net Position Change Remains PositiveData from on-chain analysis and crypto market insights provider, Glassnode suggests that Bitcoin’s recent rally hasn’t induced much of a selling reaction from long-term investors.Bigshot market participants are holding tight and eagerly waiting to reap greater profits from further

Bitcoin and Ethereum Whales Move $231,000,000 in Crypto As Ripple Shifts 37,000,000 XRP From Genesis Wallet

Source Node: https://dailyhodl.com/2020/08/01/bitcoin-and-ethereum-whales-move-231000000-in-crypto-as-ripple-shifts-37000000-xrp-from-genesis-wallet/
Time Stamp: August 1, 2020 3:04 AM - Modified On: May 21, 2021 - Published By:
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ADVERTISEMENT Crypto whales are surfacing in big numbers, moving hundreds of millions of dollars in Bitcoin and Ethereum while BTC hovers around the $11,400 mark. In the last 24 hours, the crypto whale watching bot Whale Alert tracked 11 large transactions to the tune of 15,006 BTC, worth about $231.63 million at time of writing. Three transfers sent 4,600 BTC worth $51.65 million from crypto exchanges to wallets of unknown origins, suggesting that the owners may be accumulating the top cryptocurrency. Two transfers moved 2,300 BTC worth $25.7 million from