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Markets
Bitcoin Sees Small Gain as Gold Rallies to One-Month High
Bitcoin is reporting moderate gains on Monday as gold, a safe haven asset, rallies amid renewed coronavirus concerns.
First Mover: Compound's COMP Token More Than Doubles in Price Amid DeFi Mania
Compound's new COMP token is only five days old but its price is soaring. Observers tie the rally to speculation over the future growth of decentralized finance.
Outflow of Bitcoin From Miners at Lows Not Seen Since 2010
Miner outflows of bitcoin have dropped to decade lows, with analysts saying a hoarding mentality and a drop in issuance after the halving are responsible.
First Mover: As US Stocks Defy Economic Gravity, Bitcoiners Shudder at March Memory
With the global economy in deep water amid the coronavirus crisis, some cryptocurrency analysts are starting to wonder if a correction in U.S. stocks might prompt another "Black Thursday" crash.
Bitcoin Still Undervalued After Q2 Rally, Price Metric Shows
Bitcoin's Mayer multiple indicates the cryptocurrency is undervalued despite having rallied by over 40% this quarter.
Number of Bitcoin 'Whales' Has Risen by 2% Since Halving
Bitcoin's rally has stalled since the May halving, but that hasn't deterred large investors from accumulating coins, data shows.
Bitcoin Rises to $9.6K as Stocks Cheer Additional US Stimulus Plans
A fresh stimulus "bazooka" from the Fed Reserve and the U.S. government lifted prices for both stocks and bitcoin.
First Mover: Negative Rates or More Money Printing – Bitcoin May Benefit Either Way
Central bank stimulus – negative interest rates or asset purchases – are just two sides of the same coin that both strengthen the case for bitcoin.
OKEx Taps Paxful to Provide New Fiat-to-Crypto On-Ramps
OKEx is partnering with Paxful, adding more than 160 fiat currency onramps to its crypto exchange business.
First Mover: Cardano's No Ethereum Killer Yet, but It's Winning in Crypto Markets
Cardano's ADA token is racking up impressive gains this year, possibly over speculation the network's early adoption of a proof-of-stake blockchain might help it win a growing share of the DeFi space.
