The U.S. government has extended its daily trillion-dollar repo mission until the end of March, making the entire crypto market cap seem even smaller by comparison. “The Federal Reserve Bank of New York announced it will further extend its daily repurchase agreement operations (also known as ‘repo’) to $1 trillion for the rest of March,” CNBC said in a March 20 news update. “Repos are when banks submit high-quality collateral, such as Treasurys, in exchange for reserves from the Fed,” the news outlet explained. “Banks then use the money to fund their short-term operations.” The Fed keeps ramping up funding …

The U.S. Federal Reserve injected $168 billion into finance several days ago, which correlates to Bitcoin’s current falling price. “So long as the broader markets keep falling – expect the same out of Bitcoin,” Bill Herrmann, CEO of alternative investment firm Wilshire Phoenix told Cointelegraph as part of an explanation of the Fed’s recent actions. What’s going on in the market? Traditional markets have plummeted recently surrounding coronavirus fears and oil trade wars. After several previous red days, the Dow Industrial Average (DJI) fell 10% on March 12, concluding the most disastrous day U.S. markets have seen since the Black …

Major crypto wallet service and blockchain data supplier Blockchain.com has apparently experienced a system glitch, as its Bitcoin (BTC) mempool tracker dropped to zero earlier today. After indicating a significant surge of unconfirmed Bitcoin transactions on March 13, the mempool chart on Blockchain.com saw a steep drop from 32 megabytes (MB) to zero. As of press time, the chart has recovered to around 30 MB. Seven-day chart of Bitcoin mempool size in bytes. Source: Blockchain.com The crash of Bitcoin mempool was apparently a system bug exclusive to Blockchain.com, as other trackers like Satoshi.info were indicating that the size of the …

After similar efforts from the U.S. Federal Reserve on March 10, the European Central Bank, or ECB, announced a $135 billion stimulus — a number that dwarfs Bitcoin’s (BTC) entire market cap. The ECB, in an effort to combat struggling markets, decided not to cut interest rates further. Instead, the central bank announced the allocation of 120 billion Euros, or $135.28 USD, to its asset purchase program, a CNBC report detailed on March 12. The ECB decided not to cut rates, but inject massive capital Amid recent interest rate cuts from U.S. and English central banks, the public anticipated similar …

Major cryptocurrency exchange Bitfinex, the sister exchange of stablecoin firm Tether, has rolled out futures trading for Tether’s new gold-backed coin. Starting on March 6, Bitfinex users can trade futures contracts on Tether Gold (XAU₮) against Tether (USDT), a widely-known and controversial stablecoin pegged to the United States dollar. New feature is only available to verified users in certain jurisdictions Announcing the news on Friday, Bitfinex specified that the futures trading enables traders to buy or sell assets at a specified price and data in future, featuring up to 100x leverage. The exchange also noted that futures and derivatives trading …

With increasing speculation in the crypto community that cryptocurrency markets are on the cusp of the next major bull season, it can be easy to lose sight of the maturation that the crypto ecosystem has undergone to get to the present moment. When comparing the current crypto markets against the climate preceding the previous bull run, many top markets have seen volume gains by a factor of multiple thousands, evidencing a significant expansion in market liquidity. Daily BTC trade up 519 times since 2017 As of Feb. 15, 2017, Bitcoin (BTC) was the single-most traded crypto asset, having generated $89.76 …

Yahoo Finance, the United States-based financial news giant, has integrated its website with cryptocurrency pricing by major crypto data supplier CoinMarketCap (CMC). The website now allows visitors to track prices for major cryptocurrencies, providing CMC-based data including market capitalization, trading volume, circulating supply and others. Verizon Media-owned Yahoo Finance and CMC confirmed their strategic partnership for cryptocurrency data and content in a press release to Cointelegraph on Nov. 21. Yahoo Finance’s crypto screener shows 118 cryptocurrencies Yahoo Finance’s cryptocurrency screener page provides pricing for a total of 118 digital currencies, including major cryptocurrencies like Bitcoin (BTC), Ether (ETH), XRP, Bitcoin …

Sunday, Oct. 6 — Cryptocurrency markets are slipping downward today, with Bitcoin (BTC) trading under $8,000 and altcoins seeing notable losses on the day. Market visualization courtesy of Coin360 After slipping below the $8,000 price point, Bitcoin has continued to slide down and is now trading at $7,824.37, down 3.22% on the day. Bitcoin 7-day price chart. Source: Coin360 The largest altcoin by market capitalization, Ether (ETH), is seeing similar losses, down 3.13% on the day to trade at $169.83. Yesterday, digital-collectibles marketplace OpenSea said that a hacker who stole 17 Ethereum domain names during the Ethereum Name Service’s auction …

A couple of years back, the term “exit scam” became synonymous with the crypto industry. This was at a time when the market (at large) was replete with a number of cash grab ventures that looked great on paper but had little to no substantive value to back them up. In its most basic sense, an exit scam can be thought of as a fraudulent scheme wherein the organizers of an initial coin offering (ICO) or a similar fundraising avenue disappear with their investors' funds after acquiring a sizeable sum of money. In this regard, during November 2017 — a …

Sunday, Aug. 4 — Bitcoin (BTC) has continued to gain momentum today, with its price nearing the $11,000 mark. The top 20 cryptos by market capitalization are seeing mixed results on the day, with most gains and losses around or under 2%. Market visualization from Coin360 Bitcoin has seen a major bullish move this week, up 15% from around $9,500 to almost $11,000 at press time. Over the past 24 hours, Bitcoin has continued to grow steadily, having its price increase by 1.66% to $10,944 at press time. Bitcoin 7-day price chart. Source: Coin360 Ether (ETH), the second cryptocurrency by …

Since Bitcoin (BTC) came into the world back in 2009, the digital asset industry as a whole has grown quite exponentially — with the market reaching its apex on the break of 2017-2018. Additionally, in the midst of all this, there has been a rise in the crypto trading sector, with the total capitalization of this domain currently pegged around the $277.90 billion mark. In its most basic sense, cryptocurrency trading can be compared to forex trading because it allows enthusiasts to purchase digital assets using fiat currencies. Not only that, investors can also choose to make use of a …

Saturday, July 20 — crypto markets have seen another upward move, with all top 20 coins by market cap seeing major gains, while Bitcoin (BTC) has approached $11,000 mark again. Market visualization from Coin360 After dipping below the $11,000 threshold on July 14, Bitcoin has approached the price point today, with its intraday high of $10,944, according to data from CoinMarketCap. The biggest cryptocurrency added 3.7% to its price to trade at $10,922 at press time. As Bitcoin has seen significant volatility this week, with its price having dipped below $9,500, the cryptocurrency is down around 3% over the past …