It has long been said that Bitcoin is a safe-have asset – or a gold 2.0 – that will see major price climbs amidst global instability. The recent downtrend, however, seems to have invalidated this narrative, as its decline alongside that of the global equities market seems to confirm its status as a risk-on investment that investors will flee during times of turbulence in traditional markets. UPDATE February 11th, 11.30pm – Two Hong Kong lawmakers urged the local authorities to ban Bitcoin. The request was made after almost 30 victims of the MyCoin scam complained to the police. “The government should not just stand aside. It’s simply not enough to just ask people to exercise caution when investing. It [the government]has to ban the circulation ofRead More Ireland-based cryptocurrency exchange Bitsane has apparently vanished, taking as many as 246,000 users’ crypto deposits with it. The news was reported by Forbes on June 27. Launched in 2016, Dublin-registered Bitsane LP was formerly listed as one of Ripple’s approved exchanges — a January 2018 CNBC article had also pitched the exchange as an option […] Binance sees record high spot volume. Source: Tradeblock. When Bitcoin price spikes substantially within a short time period, it leaves BTC vulnerable to a crash. The reason the risk of a ... Over the weekend Bitcoin bulls showed impressive strength as the price punched through $10,000 for the first time in 2020.Interestingly, not only Bitcoin forks have been performing well recently, in fact, many altcoins are actually outperforming Bitcoin. The most recent notable performers are Tezos (), Lisk and Binance Coin ().Since the start of 2020 Tezos has surged 118% and Binance Coin 120%. Bitcoin, Ethereum, Ripple’s XRP, Chainlink, And Litecoin Have Suddenly Surged—Here’s Why; Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme To Evade Bitcoin Regulators
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