Category: Price

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Venezuela Says Pre-Sale of Oil-Backed Petro Cryptocurrency Has Raised $735 Million

Venezuela has announced that the pre-sale of its oil-backed cryptocurrency, the petro, has attracted $735 million on the first day. The government has also published a buyer’s manual and confirmed that buyers can use “hard currencies and cryptocurrencies, but...

Bitcoin’s Volatility Is a Feature, Not a Bug

Another suicide has made its way to media scrutiny, and crypto markets plummeting was promptly highlighted as the ultimate cause. It’s time to consider our mental health as investors in light of bitcoin’s infamous feature – volatility. Also...

Phony PBOC Email Sent to U.S. Media Aimed to Manipulate BTC Price

According to reports on Tuesday, a large quantity of U.S. media outlets were sent an email from an individual claiming to be a representative of the People’s Bank of China (PBOC). The message contained a phony invitation to...

Dignitaries, Pundits, and Bigwigs Reveal Their 2018 Crypto-Predictions

Bitcoin and cryptocurrency markets have been extremely bearish over the past six weeks straight, and many investors are waiting for the light at the end of the tunnel. Last year around this time we reported on a variety...

Markets Update: BTC Prices Suffer from a 65% Loss Since December

Bitcoin prices and cryptocurrency markets, in general, have been declining in value for the past six weeks straight with a few bounces here and there. Currently, BTC/USD markets have reached the lowest price in weeks touching $6,600 on...

Report Finds Correlation Between USDT Issuances and BTC Price Moves

The Tether Report, a pseudonymously authored analysis examining the speculative assertion that bitcoin price volatility is highly correlated to the issuance of new USDT, has claimed that approximately 48.8% of bullish price movements have occurred within the two-hours...

Korean Lawmaker Shows Evidence Government Embargo Led to Market Manipulation

A South Korean lawmaker has shown how the government’s announcement policy enabled market manipulation last week following the news of possible cryptocurrency trading shutdown. According to his evidence, reporters and officials had 40 minutes to buy the dip...

Ripple Dips After Coinbase Rejects Rumors of Adding New Assets

Ripple has taken a hit by a move to end rumors that Bitcoin’s centralized competitor might be introduced to the leading trading platforms in the US. No decision to add new assets to either GDAX or Coinbase has...