Tag Archives: after

Crypto Exchange FCoin Insolvent After Revealing Up to $130M Bitcoin Shortfall

Zhang Jian, the former Huobi CTO who launched FCoin in May 2018, wrote a lengthy post on Monday, saying the exchange is now unable to process users’ withdrawal demands as its asset reserve has fallen short of its liability – and the gap is estimated to be about 7,000 to 13,000 bitcoin (BTC). Continue reading Crypto Exchange FCoin Insolvent After Revealing Up to $130M Bitcoin Shortfall

Bitcoin Rallies Aggressively After Defending ‘Parabolic’ Price Support

The bitcoin price rallied aggressively on Wednesday after the beleaguered cryptocurrency defended a vital support level that has fortified its nearly five-year-old “parabolic” uptrend. Just hours after careening to seven-month lows below $6,500, the notoriously volatile asset jerked toward a recovery, ascending a wall of sell orders in near-instantaneous fashion. Continue reading Bitcoin Rallies Aggressively After Defending ‘Parabolic’ Price Support

Billionaire Venture Capitalist: Bitcoin Price to Skyrocket to $250,000 After May 2020

When Tim Draper talks about good tech investments with enormous profit potential, markets listen. Some of the Silicon Valley venture capitalist’s winning picks include Baidu, Skype, Tesla, SpaceX, and Twitch. In 2014, Draper made a massive bet on bitcoin. He spent just shy of $19 million for 30,000 BTC sold by U.S. authorities at auction. Continue reading Billionaire Venture Capitalist: Bitcoin Price to Skyrocket to $250,000 After May 2020

Crypto Hits the Big Time After Coinbase CEO Makes Rising Star List

This has been a good week for individuals and startups in the crypto and blockchain space. Within a span of hours, players in the sector have been recognized by two mainstream media organizations – CNBC and Time magazine – over their potential to influence the future. Continue reading Crypto Hits the Big Time After Coinbase CEO Makes Rising Star List

‘Crypto Twitter Sentiment’ Algo Claims 281% Returns After Reading Bitcoin Tweets

The brokerage firm points out that TheTIE-LongOnly CopyPortfolio will open trades on the basis of positive Twitter sentiment. The machine learning-powered algorithm will analyze over 850 million tweets daily to gauge cryptocurrency and bitcoin sentiment. Continue reading ‘Crypto Twitter Sentiment’ Algo Claims 281% Returns After Reading Bitcoin Tweets