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DATE POSTED:April 12, 2020

Bakkt is a trading platform that primarily offers Bitcoin futures, a type of financial contract and derivative that allows investors to buy and sell BTC at a certain date and price.

Prior to its 2019 launch, Bakkt was seen as a highly promising and innovative platform. Though the hype has faded since then, it remains highly notable and it is still expanding its offerings.

DATE POSTED:April 11, 2020

BitMEX honcho Arthur Hayes thinks $3,000 Bitcoin is realistic given current economic conditions. Tone Vayes, meanwhile, thinks BTC will show its colors as a safe haven. Who’s right?

DATE POSTED:April 11, 2020

Despite Ripple’s best efforts to speed the adoption of XRP, the number three altcoin is stuck in a downtrend that may see it reach new lower lows.

High Levels of XRP in Circulation

In a recent report, Messari affirmed that XRP was one of the worst-performing cryptocurrencies during the first quarter of 2020.

DATE POSTED:April 10, 2020

Retail investors seem overwhelmingly positive about Ethereum, which may create the perfect conditions for a sudden decline through a long squeeze.

Long Ether Positions Explode

Over the past few hours, Ethereum took a 10% nosedive that saw its price drop from $170 to $152. Despite the significance of this bearish impulse, data shows that retail investors remain optimistic.

DATE POSTED:April 10, 2020

Reddit has launched Community Points, representing ownership of a subreddit, on the Ethereum blockchain.

Reddit Considers Entering Crypto Fray

Reddit, the mega-popular social news and web content aggregator, is experimenting with Community Points in the form of Ethereum’s ERC-20 tokens.

DATE POSTED:April 10, 2020

Due to the latest market volatility in crypto markets, many Bitcoin exchanges and fiat on-ramps have experienced high volumes. 

Critically, new users have made up the bulk of this volume. But beyond speculating on top coins, what else will these budding enthusiasts be able to do with their digital assets?

DATE POSTED:April 10, 2020

Chainlink’s network continues to grow despite the financial havoc caused by the ongoing Coronavirus pandemic. Different technical indexes show that this altcoin could still go through a bearish impulse before continuing its uptrend.

The Chainlink Network Grows

Throughout the year Chainlink has been characterized for its high levels of volatility. Since January, the decentralized oracle service surged over 1.9x reaching an all-time high of nearly $5 in early March.

DATE POSTED:April 10, 2020

In response to the disastrous unemployment data, the Fed will lend an additional $2.3 trillion directly to cities, states, and mid-sized businesses. These expansions are often seen as a catalyst for Bitcoin price appreciation, but this is becoming more uncertain as the economy plunges into a recession.

Is Bitcoin a Recession Hedge?

The Federal Reserve’s new credit expansion may not affect Bitcoin in the way that most crypto enthusiasts expect.

DATE POSTED:April 9, 2020

The advent of Bitcoin, Ethereum, and other cryptocurrencies has introduced unprecedented ways to distribute new assets, creating complex tax situations. Here’s how to account for forks and airdrops, and a few strategies to minimize taxes.

There is little precedent when it comes to taxes around forks and airdrops.

“In the traditional world, nobody airdrops anything. The dollar doesn’t fork every Tuesday,” said Alon Muroch, CEO of crypto accounting platform Blox, in an interview with Crypto Briefing.

DATE POSTED:April 9, 2020

Bitcoin Cash saw its hashrate drop dramatically following yesterday’s halving, bringing its network security to all-time lows. Even the mining pool operated by Roger Ver, one of the main figureheads behind the coin, almost entirely stopped mining BCH.