24Jun/20

Market Wrap: A Sea of Red Across Markets as Bitcoin Drops to $9.2K

Bitcoin started the week with a bullish run, but it has now given back all of those gains. Bitcoin (BTC) was trading around $9,296 as of 20:00 UTC (4 p.m. ET), slippingRead More…

Share this:
18Jun/20

Market Wrap: Bitcoin Quiet at $9.3K While DeFi Gets Loud

It’s a lethargic Thursday across most markets, including bitcoin. Yet, on a longer-term view, the big growth story remains the Ethereum network’s DeFi movement, which continues to help drive ether’s performance inRead More…

Share this:
02Jun/20

Market Wrap: Traders ‘Whack the Beehive’ as Bitcoin Surges Then Plunges

Tuesday’s bitcoin price whipsaw can be partially explained by large traders looking to deleverage in the derivatives market.  Bitcoin (BTC) was changing hands around $9,512 as of 20:00 UTC (4 p.m. ET),Read More…

Share this:
15May/20

Market Wrap: Bitcoin Dips as Stock Markets Close Lower on the Week

Bitcoin’s steady price gains over the past few days ended Friday. With the halving in the rearview mirror, cryptocurrency traders could consider the impact of a continued global economic slowdown after newRead More…

Share this:
30Apr/20

Market Wrap: There’s a Bright Side to Bitcoin’s Drop on Worsening Unemployment

Bad U.S. jobless data pulled markets lower Thursday, affecting even bitcoin. But there may be a silver lining for the cryptocurrency. At press time, the world’s largest cryptocurrency was up just 1% overRead More…

Share this:
22Apr/20

Market Wrap: Oil Rebounds As Crypto Makes Gains, Especially Ether

The oil markets rebounded somewhat from the stunning, historic lows that started the week. Prices for a barrel of West Texas Intermediate (WTI) have remained generally above $10 Wednesday, with trading up 9Read More…

Share this:
17Apr/20

Market Wrap: Crypto Mining Stock Hut 8 Jumps on Unusually High Trading Volume

Shares of cryptocurrency mining firm Hut 8 Mining Corp. (TSX:HUT) surged 32 percent with unusually high trading volume on the Toronto Stock Exchange Friday.  The huge, surprising bounce for the stock arrivesRead More…

Share this:
07Aug/19

Standard Chartered Completes First Transaction on Oil Industry Blockchain Platform Voltron

Standard Chartered Bank has announced the successful completion of the first international letter of credit (LC) transaction on the oil industry-focused blockchain platform Voltron. In an announcement Wednesday, the bank said itRead More…

Share this: