As This Crisis Worsens, Bitcoin Will Become a Safe Haven Again

Osho Jha is an investor, data scientist, and tech company executive who enjoys finding and analyzing unique data sets for investing in both public and private markets.  The week of March 9 was a ride regardless of what market you trade and invest in. Markets spiking up, markets spiking down, longs taking drawdowns, shorts getting […]

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Retail Investors Are Buying the Bitcoin Institutions Are Selling, Traders Say

As institutions unload bitcoin (BTC) along with stocks as part of the coronavirus-driven global sell-off, cryptocurrency’s traditional base – retail investors – is doing most of the buying, market participants said. And while pricing screens may still be flashing red, business is brisk at many trading platforms. “We’ve already done more volume in March than […]

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Bitcoin Ekes Out Gains but Remains in Red Amid Broader Market Rebound

Bitcoin (BTC) recovered slightly from Thursday’s brutal selloff as global financial markets creep back into the green. After dipping below $4,000, the world’s leading cryptocurrency posted some gains and is currently trading at $5,431 as of 20:00 UTC Friday. While bitcoin is still down 15 percent over the last 24 hours, traders started buying after […]

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Investors Can Hedge Long-Term Risk With New 2-Year Bitcoin Derivatives

Quedex, a Gibraltar-regulated derivatives exchange, recently launched a new bitcoin contract with the longest expiration date in crypto. The CEO of Quedex Bitcoin Derivatives Exchange, Wiktor Gromniak, told CoinDesk the firm had experienced a surge in investor interest in its new BTCUSD contract, which expires in December 2021 and only became tradeable last Friday. Quedex […]

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Makeup Mogul Michelle Phan’s Coronavirus Strategy Is Educate and HODL Bitcoin

Although the coronavirus-induced economic slowdown is hitting every sector, beauty mogul Michelle Phan has a plan.  “I’m starting a podcast this year, called ‘Baby Steps,’” Phan said.“It’s essentially to help people take steps into adulthood … buying bitcoin, how to store it, what to do with it.” The 32-year-old entrepreneur, who already has an estimated […]

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Bitcoin Hits 10-Month Low Below $6K Alongside Stock Markets Plunge

Bitcoin is in turmoil on Thursday as another severe sell-off is seen in the traditional markets.  The top cryptocurrency by market value plunged to as low as $5,678 – the lowest level since May 2019 – soon before press time. That represents a 25 percent drop on a 24-hour basis, according to CoinDesk’s Bitcoin Price […]

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As NY Fed Promises More Cash, What Will Christine Lagarde Do?

Bitcoin (BTC) prices slid for a fifth straight day, but the decline paled in comparison with the steep sell-off seen in traditional financial markets. New warnings from authorities over the growing risks from the spreading coronavirus sent stocks reeling, leading to fresh promises of cash injections from the Federal Reserve Bank of New York.  The […]

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The IRS’ Fortnite Currency Tax Mishap Is a ‘Black Mirror’ Moment for Gaming

The IRS mistakenly classified in-game currencies as taxable for months. It removed this classification almost immediately after reports went live. This mistake hints at a dystopian future for in-game currencies. Imagine a world where not only your real-life purchases were taxed but also your in-game ones, like Fortnite’s V-bucks. We caught a little glimpse of […]

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Bitcoin Price Will Be Golden in 2020 Thanks to Limited Supply, Increasing Use: Bloomberg Report

Increasing global uncertainties and a weak dollar will likely push more investors into bitcoin as it becomes recognized as a store of value. The cryptocurrency’s fixed supply will further drive price increases throughout the year, Bloomberg analysts predict. Bloomberg’s 2020 crypto outlook report, published Monday, predicts bitcoin’s price could move to the top of its […]

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