Large Players are in Full Bitcoin Accumulation Mode as On-Chain Activity Grows

Bitcoin has seen some notable fundamental growth throughout the past week – according to on-chain data – which appears to have come about in tandem with the benchmark cryptocurrency’s climb into the $7,000 region. Large players within the nascent crypto market – commonly referred to as whales – have also been fueling this fundamental growth, appearing to engage in heavy accumulation in the time following the cryptocurrency’s intense crash seen in mid-March. The confluence of these factors does seem to indicate that Bitcoin has some notable fundamental strength at the…

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French Financial Regulator Responds to EU’s Crypto Consultation

As the European Commission finished its public consultation on cryptocurrency assets in March, France’s major financial regulator stepped in to express its stance on the matter. The Autorité des Marchés Financiers (AMF), the stock market regulator in France, has published an official response to the EC consultation, outlining some basic proposals regarding their own vision for crypto assets within the EC’s approach. It’s too early to establish a classification of crypto assets In an April 7 statement, the AMF argued that the classification of crypto assets should be based on…

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Join Us at the BitcoinHalving.com 21-Hour Livestream – Bitcoin Magazine

What: Bitcoin Magazine presents non-stop, 21-hour coverage of Bitcoin’s third Halving! This free virtual event will include insightful voices, leading companies, product giveaways, unique items for auction and a live countdown to this historic event.  When: We’ll be monitoring Bitcoin’s block height to determine the exact moment of the Halving, and therefore the official timing of our event; currently scheduled for around May 12, 2020. You can expect updates on the specific live stream date and timing to be posted across our social channels. Where: You will find the Halving…

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Ripple Partnership Discussed By Bank of America Exec

In an interview discussing emerging digital payment technology a lead executive at Bank of America praised Ripple as a partner. She noted Ripple’s passage of the bank’s compliance processes, and praised its ability to deliver quality services. RIPPLE PRAISED FOR ITS POTENTIAL TO INTEGRATE WITH BANK SERVICES Julie Harris, head of global banking, digital strategy made the comments on a podcast published by Bank of America. The conversation centered around the emerging payment options available for businesses, and the increasing need for faster, more efficient methods. On this topic Harris…

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This Crypto’s Macro Chart is Painting an Insanely Bullish Picture

It has been another great day for the crypto markets, and Tezos has continued to be one of the most bullish major cryptocurrencies, posting a notable extension of its recent uptrend that has allowed it to rally past $2.00. Analysts are noting that while looking at the cryptocurrency’s weekly chart, its potent reaction to a key level seems to insinuate that its uptrend may just be getting started. In addition to showing strength against its USD trading pair, analysts are also noting that it may soon see further outperformance of…

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Crypto Miner Bitfarms Cuts Costs and Reduces Staff Due to COVID-19 Crisis

Publicly-listed Canadian mining and blockchain infrastructure firm Bitfarms is temporarily reducing staff, citing the economic and social toll of the COVID-19 pandemic.  In an update published on April 6, the company revealed it had succeeded in maintaining an average daily hashrate of approximately 750 PH since March 19 by optimizing its operations in order to maximize its computing power. This, according to Bitfarms, has meant that the firm has managed “to generate positive cash flow in […] difficult times,” noting the chaos in traditional and cryptocurrency markets.  Yet the company…

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Hong Kong’s Path to an Asia Free Health Zone – Bitcoin Magazine

Bats are a known harbor to a large variety of viruses. Humans rarely interact with bats directly (they are not a common delicacy or pet in China), but other wild animals, such as civets and pangolins, do. Seventeen years before the outbreak of COVID-19, a coronavirus already made the jump to humans, likely starting with a farmer in Guangdong province in Southern China. 2013: SARS In the case of SARS, it remained locally contained until a fishmonger from the Guangdong region was checked into a hospital in the province’s capital…

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Bitcoin Follows Pre-Bull Run Pattern That Sent Amazon Stocks Soaring

Now here’s an interesting pattern if you like a little TA. Bitcoin trader and analyst Loma drew an extremely interesting parallel between Amazon and Bitcoin. Will Bitcoin follow this Amazon bull market setup and break $20K in the next couple of years? Let’s take a look. Bitcoin Looks a Lot Like Amazon Pre Bull Market Loma adds a disclaimer to his tweet. He says: Takes a big hit of hopium While the patterns are uncannily similar, it’s like comparing oranges and apples. Amazon is a publicly listed company that’s been…

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