Bitcoin Miner Canaan’s IPO Nets Just $90M After Losing Banking Partner

Bitcoin (BTC) mining giant Canaan Creative has raised $90 million in its initial public offering (IPO) — over 75% less than expected.  According to Bloomberg, which quoted filings from United States regulator the Securities and Exchange Commission (SEC) on Nov. 20, Canaan sold 10,000,000 shares for $9 each. From $400M to $90M Previously, the company […]

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Bitcoin Price to Touch $4.2K After Q4 Sell-Off, Analyst Calls

A popular technical analyst believes that benchmark cryptocurrency Bitcoin would continue its decline for the remainder of this year. Twitter analyst Bitcoin Jack (BJ) on Tuesday said bitcoin is testing $7,880 as crucial support on the daily chart. It is therefore likely for the price to either bounce back from the said level or to […]

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ShapeShift Is Launching a Token for Free Cryptocurrency Trading

ShapeShift now offers its users fee-free trading in the form of an ERC-20 token.  The self-custody trading platform announced today, November 20, 2019, that it is instituting limited free trading through its FOX token. ShapeShift hopes the incentives token will “entice users away from custodial exchanges,” according to a press release from the privacy-focused cryptocurrency […]

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HODL’ing Pays: 61% of Bitcoin Owners Could Sell at Profit

Toward the end of 2019, with Bitcoin prices keeping up above $8,000, about 61% of all holders could sell at a gain. The overall potential to sell at profit combines both old adopters, but also new buyers. Late Arrivals Also Reached Potential Gains Roughly half of the addresses “in the money” were late arrivals and […]

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If Bitcoin Prices Loses $7,900 on Weekly, the Bull Market May End

Over the past day or two, Bitcoin (BTC) has started to settle in a price range, the low-$8,000s. As it stands, the crypto market seems somewhat directionless, stuck between resistances and supports above and below its current price. However, it is important to note that Bitcoin is moving very near to a key historical level […]

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Fidelity Wins Trading License in New York, Hurray to Bitcoin

Bitcoin adoption on Wall Street is looking real as a $2.8 trillion financial giant wins a license to trade and custody it. Boston-based Fidelity today announced that it has received permission from the New York State Department of Financial Services (NYDFS) to offer bitcoin trading and storage services. The move allows the giant to create […]

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