Shorting bitcoin is an investment strategy that allows traders to gain from price drops. This concept works well for investors who are skeptical about Bitcoin’s future. When shorting, an investor borrows Bitcoin and sells it at the current market price. Later, you buy it back. This is done with the hope that by the time...Read More
All eyes are back on the world’s largest digital asset as bitcoin price shot up over $10,000 yesterday. BTC appears to have found a little stability in this price range for now, but there are still the detractors that are adamant that it is a speculator driven bubble. Peter Schiff Back Bashing Bitcoin The ‘safe...Read More
Bitcoin miners operating from the hydropower-rich Chinese province of Sichuan are increasing the carbon footprints in the area, according to a rival cryptocurrency enthusiast.“But Bitcoin Mining is done with clean energy.”No, it is not. In LCA, the mix of the grid should always be used, as long as it is not self-generated. There are six...Read More
Regulatory changes in the cryptocurrency world are always contentious. Many people see the benefits, whereas others oppose any changes. In the Netherlands, a lot of major changes are coming to cryptocurrency service providers. All of these changes seem to be directed at fostering the Bitcoin industry moving forward. The new requirements will go in effect...Read More
The four-hour and daily time frame show that a bullish triangle breakout is underway The daily time frame highlights a huge bullish reversal building across the daily time frame Chainlink appears to be stabilizing around major long-term support, as green shoots spread through almost the entire cryptocurrency market. Like many other popular cryptocurrencies, the LINK...Read More
A new trademark dispute between the Electric Coin Company (ECC) and the Zcash Foundation (ZF) could spill over into other negotiations, potentially threatening the future of a prospective development fund. Zooko Wilcox-O’Hearn, ECC CEO and one of the founders of the Zcash project, has announced that the company will not move forward with existing plans...Read More
When Canon announced the EOS 90D and EOS M6 Mark II cameras recently, a lot of people were wondering whether or not it would shoot 24 frames per second. Canon has now released PDF versions of the user manuals for both cameras, and they both seem to confirm that neither camera will shoot 24 frames per...Read More
Electronics company Samsung has applied for a blockchain-enabled Solid State Drive (SSD) patent, according to today’s report from industry news outlet Decenter. Samsung filed for a “programmable blockchain solid-state drive and switch” patent on Jan. 15 had it published on Feb. 2. There are no additional details regarding the new system, but it will allegedly...Read More
HSBC processed the first-ever Yuan-denominated blockchain-based letter-of-credit transaction for MTC Electronics over the Voltron blockchain platform. In a major milestone, banking giant HSBC completed the first-ever Yuan-denominated blockchain-based letter-of-credit transaction on Tuesday, September 3. Since long, HSBC has been working on introducing the use of blockchain technology to the traditional paper-based method of financing trade....Read More
Bitcoin continued its ride to the upside as investors/speculators weighed in the prospects of dwindling government currencies.The benchmark cryptocurrency today established a session high of $10,500, bringing its five-day gains to as high as 12.44 percent on San Francisco-based Coinbase exchange. The move appeared after a depressive August, wherein bitcoin lost about 25 percent of...Read More
The Financial Stability Board (FSB) has appointed Ryozo Himino, Japan’s top cryptocurrency regulator, as the new head of its Standing Committee on Supervisory and Regulatory Cooperation. FSA Cryptocurrency Regulator Joins FSB In a press statement issued on Monday (September 2, 2019), the international financial system watchdog announced Himino’s appointment. According to the press statement, the...Read More
A near million-dollar bitcoin ransom has secured the freedom of a kidnapped Chinese national in Sydney. | Source: Shutterstock The Chinese pre-university student who was reported kidnapped late last month in Australia for 80 Bitcoin has been rescued and reunited with his family. The Chinese Consulate-General in Sydney confirmed that the 20-year old Ye Jingwang...Read More
Bitcoin (BTC) price was targeting $10,500 on Sept. 3 as the latest renaissance for the largest cryptocurrency saw it deliver surprise gains. Market visualization. Source: Coin360 Bitcoin price reverses losses to challenge $10.5K Data from Coin360 tracked BTC/USD as it rose 6.2% in 24 hours beginning Monday night. After trailing around $9,700, the pair suddenly...Read More
As the cryptocurrency market is growing, numerous exchange services have entered the arena. Each presents a different mix of fees, trading pair, geographical limitations, and user interfaces. Today we are going to discuss about one such cryptocurrency exchange – Huobi About Huobi Crypto Exchange Huobi is an advanced digital currency trading platform. It is operated...Read More
Mainstream financial and government institutions have begun embracing blockchain and cryptocurrencies recently. PricewaterhouseCoopers is one such institution, with the auditing giant very open about getting into the space over the past few months. PwC is in the news again after PwC Luxembourg recently announced in a press release that it would start accepting payments made...Read More
After a week of being in the doghouse, Bitcoin has finally broken through the $10,000 level and is back above it once again. BTC made a big move today right after Labor Day ended, jumping by almost $1000 in mere hours. Bitcoin is currently trading at $10,411 on Bitfinex, attempting once again to hold the...Read More
Last week, Bitcoin (BTC) plunged like a stone in water, falling through the $10,000, $9,800, and $9,500 price supports in rapid succession. But on Monday — Labor day for the U.S. and Canada — the cryptocurrency mounted a strong recovery, surging by 7% on the day.Related Reading: Buy Bitcoin: Legendary Hedge Fund Manager Bashes QE,...Read More
Photo: Unsplash One of Thailand’s most popular cryptocurrency exchanges, Bitcoin Co. Ltd has announced this Monday that it will be closing down its cryptocurrency trading department due to desires to focus on other niche markets. The reasoning behind the shutdown may sound satisfactory for outsiders, but for the traders themselves, it’s quite underwhelming. Several investors...Read More
Last Wednesday, French police shut down a massive botnet that managed to install malware on over 850,000 computers. This network was partially used to distribute ransomware and carry out data theft. However, it was also used for cryptojacking, allowing the attackers to mine Monero on their victims’ computers. The three-year-long operation earned the attackers millions...Read More
Bitcoin price trajectory is heading back to $20,000, BitMEX CEO Arthur Hayes has said as he returns to the spotlight after a month-long absence. Hayes Emerges For Conference In a tweet on September 3, Hayes, who at the start of August said he was abandoning public life, will attend the Invest Asia conference in Singapore...Read More
If implemented, Facebook posts will no longer show the number of likes or reactions to a post. The user who created the post can see a list of people and their reactions, but a number won’t be displayed. Will influencers suffer another slap in the face? Just after Instagram said it plans to hide Like...Read More
Investor’s in Uber’s stock are currently anything but happy as its value has dropped from the initial $45 it started with to $32. What are the chances UBER will rise? Valued at $82.4 billion, Uber completed its IPO in May and started at $45 per share. The company which seemed to have been struggling with...Read More
Chapter headquarters suspended activities, alcohol-related events Close The Sigma Nu Delta Iota chapter has been temporarily suspended of its recognition as a result of alleged behavior which violated university community standards. OLIVIA WOLF | DAILY EVERGREEN ILLUSTRATION The Sigma Nu Delta Iota chapter has been temporarily suspended of its recognition as a result of alleged...Read More
View Bitcoin’s price recovery from the Aug. 29 low of $9,320 is backed by an uptick in the dominance rate to 30-month highs. Weak trading volumes, however, indicate the recovery could be short-lived and a fall back to $9,750 could be in the offing in the next day or two. Weekly chart indicators continue to...Read More
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, September 3rd, the TRX cryptocurrency remains under pressure, but there is no more aggressive selling. The instrument is generally trading around $0.0158. Tron Price Analysis In order to understand what is going on with TRX (TRON), let us have a look at the daily timeframe. Here,...Read More
Binance enters into the cryptocurrency derivatives market with the acquisition of an exchange based in Seychelles, JEX, which will rebrand to Binance JEX offering options, futures, and perpetual contracts. The crypto industry is growing constantly with new deals and investments dominating the scene over the years. Binance, the world’s largest exchange by trading volume, has...Read More
Facebook’s much-publicized and criticized crypto ‘Libra’ will see competition by one of the world’s biggest tech companies, Amazon, a report has claimed. | Source: Shutterstock; edited by CCN. Since Facebook announced the Libra cryptocurrency, a couple of other similar projects have been unveiled with all of them being dubbed potential ‘Libra-killers’. They include Venus, an...Read More
New York-based Van Eck Securities and SolidX Management will start offering shares in a Bitcoin exchange-traded fund (ETF), the Wall Street Journal (WSJ) reports. Crypto ETF Available to Institutional Investors Even if only a few days have passed since the start of September, this month might be a turning point for Bitcoin and the crypto...Read More
