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Cryptocurrency FOMO is playing out in real time for just about any token associated with Sam Bankman-Fried, head of the trading firm Alameda Research and the FTX derivatives exchange.
To embed, copy and paste the code into your website or blog: With Bitcoin’s latest bull run resulting in its price surge by almost 6x over the last year, taking hundreds of other digital currencies along for the ride, it is becoming increasingly clear that crypto-related merger activity is poised to skyrocket in 2021. According to a PwC report on the crypto M&A fundraising landscape, the global deal value associated with the crypto industry was $597 million in just the first half of 2020, surpassing a total of $491 million for the entire year in 2019. The recent IPO of Coinbase, the largest...
Bitcoin vs. History With Bitcoin having broken $60,000 per coin — and fluctuating like the Prez on Russian foreign policy — it and the many other cryptocurrencies built on block-chain technology are a real phenom. Will they last in any form? Either way, it will be interesting to watch — because crypto currencies challenge the very foundations of the government-banker axis. They challenge Central Banker ability to create and control the money supply and, for those who use them, truly voluntary. While Bitcoin and its many relatives (see below) are each individually limited by math, the...
This story originally appeared on MarketBeat Time To Start Buying Bitcoin Again With Bitcoin down more than 25%, we’re sure there are no few Bitcoin (CRYPTO: BTC) holders wondering if this is the beginning of the end. What we want to point out is that, historically, every time Bitcoin has corrected it has always bounced back to produce mind-bending returns. Even the 2017/2018 implosion driven by the Chinese regulatory crackdown, a correction that shaved 85% off the price of Bitcoin at its low, bounced back, and look how much BTC has gained since. About 2060%. That’s not something ...
As CoinDesk reported, there are a few theories for the crash. One surrounds rumors that the U.S. Treasury is preparing to charge several financial institutions for money laundering with cryptocurrencies. Another stems from an old CNBC report on a potential Bitcoin ban in India. Still, some analysts are attributing the selloff to a mining outage in China. According to analyst Willy Woo, everything started last week in Xinjiang when facility safety inspections triggered a blackout. Woo writes that these blackouts were significant, because Xinjiang contributes one-quarter of the global hash ...