Investors Are Withdrawing Their Bitcoins (BTC) From Exchanges: Why Is This A Good Sign?

The number of bitcoins (BTC) stored on the exchange platforms is at its lowest. That's pretty good news for the rest of the bull run if Glassnode is to be believed. Investors withdraw their bitcoins (BTC) from exchanges Figures from the Glassnode data aggregator show that bitcoins stored on exchanges have hit a shallow threshold. The numbers have not hit this level since October 2018, more than two years ago. It is this analysis by Glassnode that indicates the current…

Factors to Consider when Investing in Cryptocurrencies

Before an individual decides to invest in any form of cryptocurrency, he should first evaluate his understanding of the particular currency. Since it is a risky investment, anyone who has the urge to invest needs to consider the digital asset before starting the investment. An interested investor will need to pay deep attention to various aspects before buying the cryptocurrencies. Such vital points include only investing in an amount that you can lose, studying the subject keenly beforehand, understanding the…

The Difference between Investors and Traders in the Crypto Market

Before buying any cryptocurrency, you must decide if you want to be an investor or a trader. Familiarizing with the difference is crucial and will save you from massive loss. The worst thing you could do when entering crypto markets is being an investor who thinks like a trader, or vice versa.  People can use the coins to purchase goods or services, buy and hold cryptos, diversify their portfolio, or buy and sell cryptocurrencies to profit from short-term price movements.…

Canaan, a Bitcoin Mining Rig Manufacturer, Sued by An Investor

Recently, an investor filed a lawsuit against Canaan, a Bitcoin mining company, for allegedly breaking U.S securities laws during its IPO. Canaan filed its Initial Public Offering with the SEC last November and targeted to raise over $400 million.  Nevertheless, Canaan raised only $90 million after listing on the Nasdaq Global Marketplace. Phillippe Lemieux, an investor in Canaan, filed a class-action lawsuit claiming that the company violated the Securities Act of 1933.  More Details on Why the Investor Sued Canaan…

What are Cryptocurrency Pumps and Dumps?

Pump and dump schemes are quite common in the microcap stock market and are now making their way into the cryptocurrency industry. Although these schemes provide an excellent way of making some quick profit, they are quite risky. New crypto investors don't know much about these schemes and often fall prey to the scams.  Trading in cryptos is already risky as it is, and therefore, it helps to know what to avoid and how. In this article, we will delve…