Bitcoin Interest Price Changed by -5.2 percent

As at 2019-07-13 average Bitcoin Interest price is 0.06526449 USD, 0.00000587 BTC, 0.00024607 ETH. Bitcoin Interest average change within 24 …

As at 2019-07-13 average Bitcoin Interest price is 0.06526449 USD, 0.00000587 BTC, 0.00024607 ETH.

Bitcoin Interest average change within 24 hour is -5.2 against USD, 0.51 against BTC, 2.81 against ETH. Weekly report: -10.53 against USD, -5.93 against BTC, -1.07 against ETH. Monthly report: -32.57 against USD, -52.35 against BTC, -38.2 against ETH.

In this regard, 24 hour trading volume is 11032.43173645 USD or 0.99227580 BTC. At the same time Bitcoin Interest market capitalization is 1196095 USD or $107 BTC.

It’s noteworthy that is issued into circulation Bitcoin Interest.

Bitcoin Interest BCI/BTC on STEX exchange is 0.05. The trading volume on STEX is 3753.85.

At the same time Bitcoin Interest BCI/USD on Bitfinex exchange is 0.07. The trading volume on Bitfinex is 6995.68.

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Blocktrade Token Price Changed by -9.62 percent

At the same time Blocktrade Token BTT/USD on Bitfinex exchange is 0.00. The trading volume on Bitfinex is 95828.00. Blocktrade Token BTT/KRW on …

As at 2019-07-12 average Blocktrade Token price is 0.02806766 USD, 0.00000238 BTC, 0.00009731 ETH.

Blocktrade Token average change within 24 hour is -9.62 against USD, -4.8 against BTC, -4.11 against ETH. Weekly report: 1.21 against USD, -2.06 against BTC, 3.43 against ETH. Monthly report: 21.49 against USD, -20 against BTC, 3.49 against ETH.

It’s noteworthy that is issued into circulation Blocktrade Token.

In this regard, 24 hour trading volume is 196.47362000 USD or 0.01666000 BTC. At the same time Blocktrade Token market capitalization is 1558494 USD or $132 BTC.

Blocktrade Token BTT/IDR on Indodax (Bitcoin Indonesia) exchange is 0.00. The trading volume on Indodax (Bitcoin Indonesia) is 91771.00.

At the same time Blocktrade Token BTT/USD on Bitfinex exchange is 0.00. The trading volume on Bitfinex is 95828.00.

Blocktrade Token BTT/KRW on Bithumb exchange is 0.00. The trading volume on Bithumb is 270603.00.

Blocktrade Token BTT/BTC on CoinExchange.io exchange is 0.00. The trading volume on CoinExchange.io is 1289.95.

Blocktrade Token BTT/KRW on Coinone exchange is 0.00. The trading volume on Coinone is 390999.00.

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Gemini Dollar (GUSD) Reaches 1-Day Volume of $11.20 Million

Gemini Dollar (CURRENCY:GUSD) traded down 0% against the US dollar during the twenty-four hour period ending at 12:00 PM E.T. on July 12th.

Gemini Dollar (CURRENCY:GUSD) traded down 0% against the US dollar during the twenty-four hour period ending at 12:00 PM E.T. on July 12th. Over the last week, Gemini Dollar has traded down 0.1% against the US dollar. One Gemini Dollar token can now be bought for approximately $1.00 or 0.00008619 BTC on cryptocurrency exchanges including HitBTC, The Rock Trading, Bibox and DEx.top. Gemini Dollar has a market capitalization of $9.86 million and approximately $11.20 million worth of Gemini Dollar was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed over the last 24 hours:

  • XRP (XRP) traded 5.1% higher against the dollar and now trades at $0.35 or 0.00003001 BTC.
  • Binance Coin (BNB) traded up 6.2% against the dollar and now trades at $31.44 or 0.00271298 BTC.
  • Tether (USDT) traded up 0.1% against the dollar and now trades at $1.00 or 0.00008659 BTC.
  • Bitcoin SV (BSV) traded 1.1% higher against the dollar and now trades at $165.05 or 0.01424047 BTC.
  • TRON (TRX) traded 4.8% higher against the dollar and now trades at $0.0293 or 0.00000253 BTC.
  • Stellar (XLM) traded 9.3% higher against the dollar and now trades at $0.0976 or 0.00000842 BTC.
  • NEO (NEO) traded down 0.3% against the dollar and now trades at $15.26 or 0.00131629 BTC.
  • Chainlink (LINK) traded 2.2% higher against the dollar and now trades at $2.98 or 0.00025744 BTC.
  • Crypto.com Chain (CRO) traded down 13.3% against the dollar and now trades at $0.0886 or 0.00000764 BTC.
  • COZ (COZ) traded up 26.7% against the dollar and now trades at $0.22 or 0.00004541 BTC.

About Gemini Dollar

Gemini Dollar launched on September 9th, 2018. Gemini Dollar’s total supply is 9,866,824 tokens. The Reddit community for Gemini Dollar is /r/Gemini and the currency’s Github account can be viewed here. Gemini Dollar’s official website is gemini.com/dollar. Gemini Dollar’s official Twitter account is @GeminiDotCom. The official message board for Gemini Dollar is gemini.com/blog.

Gemini Dollar Token Trading

Gemini Dollar can be traded on the following cryptocurrency exchanges: Bibox, DEx.top, The Rock Trading and HitBTC. It is usually not presently possible to purchase alternative cryptocurrencies such as Gemini Dollar directly using U.S. dollars. Investors seeking to acquire Gemini Dollar should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Gemini Dollar using one of the aforementioned exchanges.

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Crypto Exchange Bitfinex Sees Over 10000 Bitcoin Shorts Close Due To Maintenance

Bitcoin had made an impressive rally to over $13,000 just a few hours back. These volatilities were bound to attract deep corrections and that’s exactly …
Over-10000-Bitcoin-Shorts-Hits-Crypto-Exchange-BitfinexOver-10000-Bitcoin-Shorts-Hits-Crypto-Exchange-Bitfinex

Bitcoin had made an impressive rally to over $13,000 just a few hours back. These volatilities were bound to attract deep corrections and that’s exactly what happened. The price has dropped almost $2,000 to close to $11,000 now and one of the major reason it happened was because of a massive $117 million worth of bitcoin shorts on Bitfinex.

The candle graph of this short sell looks very distinctive with a huge red plunge, as it can be seen in the graph below.

Bitfinex massive insta shorts close, July 2019

Bitfinex massive insta shorts close, July 2019

Moments after these short sells happened, the exchange shut down for unscheduled maintenance.

We are undergoing unscheduled maintenance with trading temporarily halted. All wallets remain unaffected and all traders will be kept informed of updates as and when they are available. Thank you for your patience.

— Bitfinex (@bitfinex) July 11, 2019

After a couple of hours of blackout, the site was up and running again.

The issue has been resolved and Bitfinex will be returning in a view-only mode within the next 5 minutes. Trading will be enabled swiftly afterwards, at approximately 14:55 UTC. Thank you for your understanding and support.

— Bitfinex (@bitfinex) July 11, 2019

The details of this unscheduled maintenance are yet to be made public b the company, but we all can guess why they had to do it. Many on social media took notice.

He’s baaaaaaaack…. and again, shorts on $BTC on Bitfinex drop massively (over 60%) in the past hour. pic.twitter.com/69yYsm658o

— Jacob Canfield (@JacobCanfield) July 11, 2019

Some people are skeptical about the whole thing and took the opportunity to take a jibe at the exchange.

Not surprising after they have an unscheduled maintenance and print a load of tether lol.

— Cryptomania (@asifchach) July 11, 2019

When asked to comment about the situation, Paolo Arduino, CTO at Bitfinex, says:

“Someone claimed his short position. A few weeks ago happened with a short 20k.”

When later asked why did he have to do the unscheduled maintenance, he replied:

A regression after an update. It was safer to pause trading until we verify and fix.

— Paolo Ardoino (@paoloardoino) July 11, 2019

Bitfinex explained the “claim” to their position by saying:

“Claiming a position is essentially converting from a margin trade into an exchange trade; closing the position by buying it yourself and settling your funding costs to the lender. Because of this, there is no trading activity on the order book.”

This explains a bit of the problem. The massive claim resulted in Bitfinex losing 60% of their Bitcoins.

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Bitcoin Value Will Surge 500-1000 Percent By Next Halving: BTC Bull Barry Silbert

With a 220 percent year-to-date return, Bitcoin is still the best performing asset of 2019 in both the traditional and cryptocurrency markets, …
Bitcoin-Will-Surge-1000-Percent-By-Next-Halving-Barry-SilbertBitcoin-Will-Surge-1000-Percent-By-Next-Halving-Barry-Silbert

With a 220 percent year-to-date return, Bitcoin is still the best performing asset of 2019 in both the traditional and cryptocurrency markets, outperforming many others by a long mile. However even with this evidence, many are still quite unwilling to accept the sector’s advantages and still make speeches that disparage Bitcoin and the sector. In the past, more than a few naysayers have called crypto many different names. Some have called it a Ponzi scheme, a waste of time and recently, Kevin O’Leary described cryptocurrency as “non-compliant stuff” for “drug dealers.”

Perhaps the most used bullet shot at the sector is its volatility and up till today, many still bring up the bear market of 2018 especially because Bitcoin hit its all-time high a few months before the bear market started. With all of this much negative talk, Bitcoin is still shooting higher with its current year-to-date returns and adoption of the coin

Why This Much Success?

Even if you’re not entirely convinced that Bitcoin is the next best thing since sliced bread, you have to wonder how come the asset has achieved so much success. If you think about it, it’s difficult to believe all the people who are definitively convinced that bitcoin is a scam. At the moment, Bitcoin’s market cap is more than $207 billion and there’s still a lot more money coming in.

Furthermore, there’s much more recorded institutional investment in the number one coin and the crypto sector with these numbers constantly increasing. How can it still be a scam if real traditional companies are jumping in?

According to Barry Silbert, the CEO and Founder of digital currency group:

“If you look at the history of Bitcoin trading, there were 80% drawdowns in the price after all-time highs. Once the market got comfortable that the lows were in, they brought some excited enthusiasts and their money back into the asset class.”

Furthermore, Silbert spoke on possible reasons for Bitcoin’s increase. He mentioned certain factors that happen from time to time and a very good example is the economic tussle between the U.S. and China. As earlier stated, it is also true that there are a lot more investors, both institutional and individual, in the sector. Notable mentions here include Fidelity Investments, TD Ameritrade and Bakkt, with these firms making plans to attract more investments as 2019 continues.

The Upcoming Bitcoin Halving

Silbert also said “a lot of investors know that in 2020 there is a halving event” as part of the growth factors for Bitcoin and its investments. The Bitcoin halving is an event that takes place after every 210,000 blocks are mined which takes four years. The next one is set to take place in May 2020 and with this, block rewards for miners would be halved like it happens every four years.

This also directly means that there will be some scarcity for the coin and based on the regular laws of supply and demand, a reduction in supply almost always means a significant rise in value. Since it happens at every Bitcoin halving since inception in 2009, 2020 will not be any different. Silbert said:

“Each time that has happened in the past, the price of Bitcoin has gone by 500-1,000 percent afterward.”

Also adding that many investors are entering the sector in anticipation of the halving, he added

“I think there is definitely some buying happening right now.”

Before the next Bitcoin halving, the coin is expected to easily attract a lot more investment which, according to some analysts, could push the price all the way up to its previous all-time high of almost $20,000.

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