July 2018 Volume Rankings Report: BTC Extends Dominance

July 2018 Volume Rankings Report: BTC Extends DominanceDuring July, the majority of leading cryptocurrency markets have produced stagnant or declining volume month-over-month. BTC, USDT, and DASH were the sole top ten markets able to buck the trend, with BTC’s trade volume notably increasing by 4.6%. Also Read: Mining Round-Up: Sky Mining CEO Flees with $35 Million, Texas Attracts Miners BTC Extends Lead Relative […]

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What Is Mithril Cryptocurrency?

TheMerkle Mithril MITHIn the world of blockchain and cryptocurrency, there is no shortage of innovative ideas. If Mithril is any indication, the way we think about social media will come to change in quite spectacular fashion. This particular project aims to decentralize social media and reward content creators in a fair and transparent manner. The Idea Behind Mithril One could argue that there is no shortage of social media platforms out there. That is certainly true, but all of them are designed to harvest user data. Mithril takes a completely different approach, as it aims to put the “social” back in social media.

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Short Squeeze Catapults Price of Bitcoin Past $7,600

TheMerkle-How To Short BitcoinJust hours after short positions on Bitcoin eclipsed longs, and as BTC shorts volume reached an all-time high, Bitcoin saw an explosion, appreciating over US$900 in under an hour, a growth of 13%. Since the pump, global cryptocurrency markets have risen over 10%, to just under US$300 billion. Speculators overwhelmingly agree that the cause for such a price movement was a textbook short squeeze. A short squeeze occurs when a sharp price movement forces the liquidation of short contracts, causing each losing trade to market buy their position. As a result, these market buys further push the price upwards, causing

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