Sunday, Feb. 24 — the top 20 cryptocurrencies saw a sharp market reversal, reporting heavy losses over the 24 hours to press time after earlier today seeing major gains. Most of the severe downward movement among top coins happened in under half an hour. Bitcoin (BTC) broke the $4,150 mark again today before falling back under $3,900 to press time, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down over 5 percent on the day, trading at around $3,806, about 10 percent down from its mid-day high of $4,210, according to CoinMarketCap data. Looking at …

China’s central bank, The People’s Bank of China (PBoC), has stated that the Chinese yuan now accounts for less than 1 percent of global Bitcoin (BTC) transactions, local news outlet Asia Times reports today, July 9. The PBoC released a new report on Friday, July 6, indicating that the yuan’s share of global Bitcoin trades has plunged in the months following the government’s crackdown on the cryptocurrency industry, Asia Times reports. Whereas in 2017, Chinese exchanges accounted for over 90 percent of the global crypto industry –– a figure corroborated in this week’s PBoC report –– their current less than …

For the umpteenth time, Bitcoin was declared dead this week as the cryptocurrency market took a major dive in value. Bitcoin dipped below $10,000 as others followed suit with even bigger drops as the panic spread about a burst bubble. However, the negative charts across the board took a positive turn as most of the numbers turned green across the major coins. The crypto market has generally been in a downturn since Bitcoin hit the $20,000 mark, but this recent collapse ignited genuine fear and panic. Bloodbath across the board As the adage goes, a rising tide floats all boats, …

What are futures? Futures are an agreement to buy or sell an asset on a specific future date at a specific price. Once the futures contract has been entered, both parties have to buy and sell at the agreed-upon price, irrespective of what the actual market price is at the contract execution date. The goal is not necessarily profit maximization. It’s a risk management tool, often used in financial markets to hedge against the risk of changing prices of assets that are bought and sold on a regular basis. Futures are also used in portfolios to balance out price fluctuations …

Evgeny Volovik is the head of the Information and Communication Department at Russia’s Federal Financial Monitoring Service Resource Center. The Federal Financial Monitoring Service (Rosfinmonitoring) reports directly to the President of the Russian Federation and is a federal executive body responsible for combating money laundering and terrorist financing. The agency also develops and implements state policies, assesses threats to national security arising from money laundering, financing of terrorism and proliferation of weapons of mass destruction and develops measures to counter these threats. Back in August at the #CryptoForum Conference in St. Petersburg, Russia, Evgeny Volovik made some interesting statements that …

In a move no less curious than its previous attempts, China has blocked a popular Bitcoin website from being accessed on its domestic servers – but why? China’s ‘Great Firewall’ has long been the subject variously of wonder and bewilderment, and now it is the turn of arguably the most active Bitcoin forum, Bitcointalk.org, to have the lights turned off. According to a Reddit thread, requests submitted to the testing site greatfirewallofchina.org came back unsuccessful from all provinces’ IP addresses at present. The shift in accessibility came as a surprise to many, especially as it seems to be a one-off …