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.
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?
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 CirculationIn a recent report, Messari affirmed that XRP was one of the worst-performing cryptocurrencies during the first quarter of 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 ExplodeOver 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.
Reddit has launched Community Points, representing ownership of a subreddit, on the Ethereum blockchain.
Reddit Considers Entering Crypto FrayReddit, the mega-popular social news and web content aggregator, is experimenting with Community Points in the form of Ethereum’s ERC-20 tokens.
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?
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 GrowsThroughout 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.
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.
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.
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.
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