BCH, BSV Block Halvings Will Force Miners to Bitcoin (BTC) — Report

Bitcoin (BTC) miners will continue to capitulate due to low prices, but upcoming events for Bitcoin Cash (BCH) and Bitcoin SV (BSV) will fuel the turmoil, says a new forecast. In the latest edition of its State of the Network reports on March 31, Coin Metrics argued that Bitcoin was in a spiral of miner […]

Bitcoin Starts Strongest Quarter Q2 With Price Down Just 10% YTD

Bitcoin (BTC) has in total suffered just 10% from the coronavirus outbreak which obliterated stocks and caused the United States to print $6 trillion. That was according to the latest quarterly price data from monitoring resource Skew.com on March 31, which showed that for Q1 2020, BTC/USD is only down by around 10.7%.  Bitcoin streets […]

Coinbase Reports Record Bitcoin Buying Amid March 12 Crash

Leading United States-based cryptocurrency exchange Coinbase has published a report providing detailed insights into how its users responded to the violent crypto market crash suffered on March 12. While many in mainstream markets were panicking as President Trump’s travel ban sent shockwaves across the global economy, crypto traders on Coinbase were mobilizing funds to buy […]

Bitcoin & Stocks Rise as US Economy Grinds to a Halt — Furloughs Soar

Monday proved to be a surprisingly fruitful day for Bitcoin (BTC) price as the digital asset rallied 12.73% to $6,599 before pulling back to $6,380 a few hours later.  Despite gloomy news of the U.S. reaching 3,000 deaths from the Coronavirus and major retailers furloughing 500,000 workers, traditional markets also surged on Monday. The S&P […]

Bitcoin Just Rejected $6,600 and Its Vulnerable To a Short-Term Correction

Bitcoin is up more than 8% and it broke the $6,500 resistance area against the US Dollar. BTC price is now struggling to clear $6,600 and it could correct lower in the short term. Bitcoin gained bullish momentum above the $6,200 and $6,400 levels against the US Dollar. The price topped near the $6,640 level […]

Tokyo District Court Extends Mt. Gox Rehabilitation Plan Deadline

The trustee of now-defunct Japanese cryptocurrency exchange Mt. Gox has extended the deadline for the submission of rehabilitation plans.  According to an official announcement published on the company’s website on March 30, Mt. Gox Rehabilitation Trustee Nobuaki Kobayashi filed a motion with the Tokyo District Court to extend the submission deadline of a rehabilitation plan. […]

Kleiman Estate Calls on Former nChain CEO for Deposition in Craig Wright Case

After a court slammed Craig Wright for producing forged documents and giving perjured testimony in the ongoing legal circus between Wright and Ira Kleiman’s estate concerning the Tulip Trust, Kleiman’s legal team is hard at work finding a key witness.  Wright’s legal team are trying to subpoena former nChain CEO Jimmy Nguyen to provide a […]

Bitcoin is Forming a Bull Cross After Rallying to $6,500; Analysts Now Targeting $7,700

Following a brief selloff that led Bitcoin down to lows of $5,800 overnight, the crypto has been able to post a strong and sustainable rebound that has since led it to climb towards $6,500, with bulls currently attempting to reclaim its previous position within the upper-$6,000 region. It now appears that bulls are in the […]

On Crypto Markets and Bitcoin’s Value Proposition

Coinbase Around the Block, sheds light on key issues in the crypto space. In this edition, we analyze recent market activity and Bitcoin’s Value Proposition. BTC and other crypto assets saw a ~50% price decline earlier this month on March 12, marking the single largest one-day drop in Bitcoin’s price since 2013. These moves coincided […]