Why Crypto Asset Enjin Coin Rose 25% in a Surprising Rally

As the top crypto assets hint to go down, one cryptocurrency is beginning the week with a bang. Enjin Coin (ENJ) on Monday traded at $0.211, up 25% from the market open. Earlier today, during the Asian morning session, the crypto asset was trading at as low as $0.165. The price rally appeared majorly in

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Bitcoin Average Daily Trading Volume Reaches New High Since 2018

Average daily trading volume of the world’s largest cryptocurrency Bitcoin has reached its fresh highs since April, 2018. Independent crypto data researcher Kevin Rooke brought the community’s attention to bitcoin volume via his Saturday tweet. The analyst revealed that traders, in March, changed hands for/to the cryptocurrency to the extent of approx $10 billion. In

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Bitcoin Rallying Above $4,000 Could be Due to Bitmex Futures: Analyst

There is a noticeable correlation between Bitcoin’s latest jump and Bitmex Futures, believes Luke Martin. The renowned cryptocurrency analyst said Thursday that Bitcoin price moved north right after Bitmex launched its September futures, XBTU19. Martin noted that the bitcoin market underwent a jump in volume and volatility after the XBTU19 went live. He also identified

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How Cannabis Investors Could be ‘Conspirators’ Per the US Federal Law

In February, Brooker Mellars, the owner of a Colorado-based marijuana dispensary, The Bud Depot, claimed that she lost her business bank account after investing in the cannabis industry. The “Bitcoin Mom” shared in a tweet that they were accredited investors with excellent credit ratings. But their adventurous investment into cannabis stocks didn’t fit well their bank,

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Bitcoin Crosses Above $4,000: Genuine Rally or Bull Trap?

Just two days after Cboe announced that it was going to delist bitcoin futures, the cryptocurrency’s spot market turned near-term bullish. The BTC/USD exchange rate surged 3.30-percent in the past 24 hours to establish a session high towards 4069. Simultaneously, the rest of the cryptocurrency market also went green, with Bitcoin Cash leading the bull

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Why Bitcoin Market May Be Better Without CBOE Futures Contracts

There is no future in Bitcoin futures, at least at Chicago Boards Options Exchange (Cboe). The largest US options exchange announced Thursday that it would not add XBT futures contracts for trading in March 2019, 14-months after it listed them. However, Cboe said its currently listed contracts would remain active. That means XBTM19, the exchange’s

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Bitcoin’s Energy Consumption Equalled That of Hungary in 2018

Bitcoin miners consumed as much as energy in 2018 as Hungary, according to Alex de Vries. The researcher at the Netherlands’ PricewaterhouseCoopers (PwC) branch studied bitcoin’s global energy consumption all across the year. He found that existing hydropower projects were not sufficient in sustaining the cryptocurrency mining operations, adding that the bitcoin network demanded as

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After QuadrigaCX Fiasco, Another Shady Bitcoin Exchange Surfaces in Canada

A Canada-based company is luring people into investing in overly attractive bitcoin investment plans. The Canadian securities regulators of the British Columbia Securities Commission (BCSC) today issued a warning against Canada Bitcoin Exchange Inc. BCSC stated that the company was offering four suspicious BTC-based investment plans via its website. Each program required investors to invest

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Basel Committee: Growth of Bitcoin is a Bad Sign For Global Banking System

The growth of crypto assets like bitcoin is a bad sign for the global banking system, warned the Basel Committee. The banking supervision forum said that crypto assets had become popular despite exhibiting a high degree of volatility and risk. The Committee noted that while the new financial instruments were immature, they still presented many

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Why Winklevoss Twins Fear Investors are Losing Confidence in Crypto

The crypto industry is currently going through trust issues, according to Cameron and Tyler Winklevoss. The Gemini crypto exchange founders, otherwise known as the Winklevoss Twins, said that investors were less confident about investing in cryptocurrencies following the shutdown of QuadrigaCX. The Twins demanded more inputs from the US regulators to make the cryptocurrency market

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