Skip to main content

Krypto Uncle

Search This Blog

Defining Bitcoin: Money, Currency or Store of Value

February 29, 2020

Get link
Facebook
X
Pinterest
Email
Other Apps

via Cointelegraph.com News https://ift.tt/2wSo7e1

Currency, money, digital gold? The industry takes a jab at categorizing Bitcoin as the halving approaches

Get link
Facebook
X
Pinterest
Email
Other Apps

Comments

Post a Comment

Popular Posts

International Crypto Exchange Luno Adds Bitcoin Cash Trading

via Bitcoin News https://ift.tt/2nCCVZK Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are l...

South Africa Proudly Leads The World In Crypto Adoption

via Crypto Briefing https://ift.tt/2Ojg12K A recent Hootsuite study revealed that South Africa ranks first in the world for the highest percentage of internet users who own cryptocurrencies. The social media management firm conducted the global survey in partnership with London-based WeAreSocial. According to the report , 10.7 percent of internet users in South Africa own cryptos. This was the highest ratio globally, with Thailand and Indonesia following suit at 9.7 and 9.3 percent respectively. South Africa ranked above some of the renowned crypto powerhouses including Switzerland at 7 percent, South Korea at 6.3 percent, the U.S at 5.3 percent and Japan at 4.3 percent. The country’s ratio was also twice the global average – which stood at 5.5 percent, the report further revealed. The survey results may come as a shock to many who thought cryptos were the preserve of more ‘developed’ nations. And yet, for those who have been involved in the South African crypto market...

Bitcoin Volatility Expected to Rise After the US Presidential Election

via Bitcoin News https://ift.tt/32bt1zJ While the United States prepares for the results of the 2020 Presidential Election, a number of data points and traders expect some significant cryptocurrency price fluctuations this week. Statistics from skew.com show bitcoin’s 30-day implied volatility has increased to 59% while 3-6 month stats jumped over 62%. The digital currency economy is hovering at around $388 billion, which is a giant jump from where it was during the last U.S. election in 2016. For instance, during the 2016 presidential race, the price of bitcoin ( BTC ) was around $709. Since then the crypto-asset BTC has seen a 1,802% return on investment (ROI). Another example is ethereum ( ETH ), which was trading for $10.83 per unit in 2016, now swaps for $382 in 2020. For this election, a number of traders and a few points of implied volatility measurements suggest that crypto market participants expect a shake-up this week. Data from skew.com’s “ Bitcoin ATM Implied Volatil...

Powered by Blogger