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Onchain Data Suggests Bitcoin Sell-Off Fueled by New Investors


While the covid-19 outbreak has caused economic calamity, cryptocurrencies have regained some of the losses that devastated digital currency markets on March 12. A recent report published by the researchers at Coin Metrics notes the “crypto asset sell-off was driven by short-term...

12 Platforms Allowing You to Trade Gift Cards With Cryptocurrencies


In an emergency situation like the current coronavirus pandemic, anything can turn into currency as the fiat system may experience cash shortages and devaluation. Cryptocurrency users have options to trade bitcoin beyond traditional money. A number of platforms will let you exchange...

Blame Short-term Bitcoin Holders For the Price Crash Again


Sometimes, the history indeed repeats itself. In the Cryptoverse, it's the short-term traders who have been driving the most recent sell-off. Again. As reported in October 2019, crypto market analysis firm Coin Metrics found that the bitcoin (BTC) selling pressure at the time originated from...

While the Crypto Market Was Hemorrhaging Value, These Tokens Mooned


Why do certain altcoins moon? It’s a question that all crypto holders have pondered at some stage while enviously eyeing the ascent of a token that wasn’t even on their radar, let alone their portfolio. If the performance of obscure tokens in a bull market is discombobulating, how...

This Is How Much BTC You Need to Enter Bitcoin’s Elite 1% Club


Today there are 18,244,475 BTC in circulation and during the last few weeks, a number of bitcoin influencers have been talking about how much is needed to be included in Bitcoin’s top 1% of holders. For instance, according to Blockworks Group analyst Jake Levison, if you own 0.28...

Everybody’s Staking But Who’s Using Proof of Stake Blockchains?


The primary use case for staking blockchains is staking. That is their raison d’être, and thousands of cryptocurrency holders have utilized this provision to increase their holdings by earning staking rewards. As the total amount of staked tokens trends towards 80% for some blockchains...

Developer Proposes Decentralized Bitcoin Hashrate Derivatives


There’s a new concept called Powswap that lets people speculate on hashrate in order to hedge against price volatility. Powswap was developed by the software engineer Jeremy Rubin who believes hashrate derivatives products allow people to leverage new trading strategies. Also read: Regulatory...

Harsh Laws Make Bitcoin Holders Consider Renunciation or Dual Citizenship


As digital currencies become a mainstay in society, a great number of governments have enforced strict tax guidelines, severe money transmission rules, and tough regulations. Because of a few nation-states’ harsh rules against cryptos, there are individuals who plan to renounce their...

Uzbekistan Bans Citizens From Buying Crypto, They Can Only Sell


Authorities in Uzbekistan have effectively banned residents from purchasing cryptocurrencies on digital asset exchanges licensed in the country. Crypto holders will only be able to sell their coins and that’s if these have not been obtained through anonymous transactions, amendments to...

UP Alliance Members to Lock Mega-Utility Tokens for a Year


Universal Protocol Token is a mega-utility token offering attractive interest rates when lending and borrowing, lower exchange fees, cashback and discounts on trading. The large holders of UPT in the UP Alliance have gotten together and committed to lock their tokens and not sell any UPT for...

Mega-Utility Token UPT Will Offer Interest and Discounts on Trading


About to make its initial exchange listing, Universal Protocol Token (UPT) will serve as a mega-utility token, offering holders attractive interest rates when lending and borrowing, lower exchange fees, cashback and discounts on trading. Also Read: Universal Protocol Alliance to List Mega-Utility...

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