Crypto Rollercoaster: Explaining the Recent Market Performance

Just when it appeared that the cryptocurrency market was about to bottom out just a fortnight ago (with Bitcoin reaching a reported 14-month volatility low), the market subsequently started displaying indicators of a directional shift. Last week however, we saw a short-term appreciation in value. In typical crypto fashion it was just as rapid if

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Mike Arrington’s Hedge Fund Holds More Bitcoin Than XRP, Predicts Bitcoin To Hit $25,000 This Year

Mike Arrington, the founder of Arrington XRP Capital, who raised eyebrows in November launching a hedge fund denominated in Ripple, said the hedge fund actually holds more bitcoin than XRP during a CNBC Cryptotrader interview at Korea Blockchain Week. He also predicted bitcoin’s price will reach $25,000 this year. Arrington announced his $100 million hedge fund

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Research Shows Bitcoin Price Linked to Public Sentiment on Social Media

Bitcoin’s value is manipulated by public sentiment, this according to researchers who found that positive comments by infrequent social media users were likely to enhance the coin’s prospects.  Social Media’s Impact on Bitcoin’s Price Researchers from the Stevens Institute of Technology in Hoboken, New Jersey, led by assistant professor of information systems Feng Mai, have

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Korea’s Supreme Court Says Cryptocurrency Has Economic Value, Proper Asset

A ruling by the South Korean Supreme court about the value of cryptocurrency may be the backdoor to unraveling the regulatory boondoggle over custody. Porn Provider has Bitcoin Seized The case concerns a pornographer arrested on charges of violating the Protection of Children and Juveniles From Sexual Abuse Law in May 2017. The charges which

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Bullish ETF Provider Liquidates Bitcoin Holdings, Citing Regulatory And Tax Issues

The ARK Innovation ETF (ARKK), one of the first exchange-traded funds to invest in bitcoin, has divested much of its bitcoin holdings, citing regulatory and tax concerns, according to CNBC. Last year, ARKK won ETF.com’s “ETF Of The Year” award for fulfilling its goal of providing access to disruptive technology. It won this award in

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Pantera Capital’s Morehead Predicts Bitcoin Price Will Drop 50% Next Week

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Dan Morehead, CEO and founder of Pantera Capital and a digital currency investor, told CNBC’s Squawk Box bitcoin’s price could fall 50 percent next week to last month’s lowest levels. In the long run, however, he said bitcoin will far surpass its current prices. Big blockchains such as bitcoin, Ethereum and Ripple are still young

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