The bitcoin price continues to plummet from its 2019 record near $14,000. Crypto investors are worried while critics are gloating. But the cryptocurrency remains the highest performing asset in 2019. And dollar cost averaging BTC investments even outperformed the same Dow exposure since bitcoin’s all time high price in 2017. Bitcoin’s price is continuing its...Read More
DeFi or decentralized finance has seen a new wave of adoption in 2019 and platforms have started to realize its potential and its ability to transform the financial ecosystem. The first and most dominant player has been MakerDAO in the still-nascent DeFi space. According to analytics and rankings website, DeFi Pulse, MakerDAO ruled the leaderboard...Read More
Regulatory measures continue to wreak havoc on smaller cryptocurrency firms. Simplecoin, a social crypto mining platform, is shutting down in early January of 2020. Several crypto firms have been forced to take drastic action in recent weeks. The End is Nigh for Simplecoin Simplecoin simply follow suit in this regard. The company foresees problems with...Read More
Bitcoin has continued to move lower as bears take full control of the cryptocurrency’s price action, and it now appears to be a certainty that BTC will revisit its November lows that were set at $6,500 roughly three weeks ago.This current bearishness has drastically impacted the overall market sentiment for the worst and has led...Read More
The stock price of Canaan Inc, a bitcoin mining giant based in Beijing, has dropped by $12 to $5 since November 25, by more than 58 percent. It comes after the price of BTC abruptly declined from $7,700 to $6,600 in the same period.In recent months, as seen in the balance sheet of major mining...Read More
Bitcoin’s price plunged 4% to $6,584, its lowest in over three weeks. Altcoins hastened their decline, sending the total crypto market to fresh six-month lows. Since peaking in late June, cryptoassets have shed more than $180 billion in combined market cap. Bitcoin’s price printed fresh three-week lows on Tuesday, as fear and uncertainty continued to...Read More
The Ethereum price was at $130 at the start of the year on January 1st across major crypto exchanges. With 12 days left on the calendar, ETH is now net negative in 2019, which comes in stark contrast to the 70% performance that Bitcoin has seen in 2019.Related Reading: Bitcoin Halving Search Trend is Surging,...Read More
Strict EU crypto regulations will be enforced in January 2020 as the crypto companies and services that are based in the European Union have less than 30 days to adjust their business operations to comply with the new rules as reported in the previous crypto news. As of January 10th, the fifth Anti-money laundering directive...Read More
As competition builds within the blockchain industry, investors and prospective users alike have to undergo the arduous task of evaluating which blockchains have the best fundamental strength. Ethereum has long been favored by users and developers, but over the past three years a plethora of competitors have surfaced, making it difficult to discern which blockchain...Read More
With the long-awaited Istanbul hard fork now live on the Ethereum blockchain, the network will undergo an emergency hard fork in two weeks to resolve an old issue that seems to be pressurizing the entire ecosystem. The Istanbul update aims to solve issues like rebalancing gas costs, more privacy, and interoperability with cryptocurrencies like Zcash....Read More
Ripple, Inc. looks to be on an expansion spree, despite the industry-wide layoffs with smaller crypto startups. Not even the price drop of XRP seems to faze the company, which is on a mission to offer a payment protocol to compete with SWIFT. Ripple Expanded Staff in December Ripple statistics show the latest hirings in...Read More
Sorry bulls, bears won’t give you any reprieve. On Tuesday, Bitcoin (BTC) continued to tank, perpetuating a downward trend established on Monday after the cryptocurrency fell from $7,150 to $6,800 in the span of a few minutes. Related Reading: Bitcoin Futures Gap Exists at $11,800; Can Bulls Fill the Gap?As of the time of writing this,...Read More
Very few cryptocurrency-related ecosystems can not sustainable growth. Brave is one of those projects that seemingly keeps gaining more popularity. There are many things to like about Brave, either as a browser or an ecosystem. Ongoing Brave Growth is Impressive It is a very different way of browsing the internet or to create content for...Read More
One of the largest American financial services corporations, Fidelity, is preparing to enter the European market with a product orientated towards digital assets. The branch called Fidelity Digital Assets is already operating in the U.S. since last year, delivering cryptocurrencies to institutional investors. Fidelity Digital Assets Enters Europe Last year, Fidelity Investments Inc, launched a...Read More
Beijing’s sudden rush into blockchain development and digital currency hasn’t gone unnoticed. From America to Europe and back to Asia, governments have started thinking about this new racetrack in more serious terms. India has a history of tensions with China, although the countries have a lot in common as well. The two regional rivals share...Read More
Bitcoin Jesus aka Roger Ver was under the crypto-spotlight recently after the cryptocurrency exchange Bitcoin.com listed an alleged scam token, HEX. While denying that HEX was a scam token, Ver went on to endorse it instead. Since then, many members of the community have listed out reasons as to why listing HEX was a bad...Read More
Ethereum’s price in 2019 has seen a mix of highs and lows. After registering a growth of over 170 percent from January to 26 June, the world’s largest altcoin has now lost all of its positive gains this year after it recorded a depreciation of 8% on 16 December. At press time, Ethereum was priced...Read More
Cybercrime is growing at an exponential rate, and showing zero signs of slowing down or stopping in the near future. As technology advances, so do the tactics used by these criminals, especially surrounding crypto.The post appeared first on NewsBTCRead More
EOS has a bearish short-term and medium-term trading outlook The four-hour time frame shows that a bullish inverted head and shoulders pattern has been invalidated The daily time frame shows that a bearish wedge pattern breakout has occurred EOS is under heavy downside pressure, following Monday broad-based cryptocurrency market sell-off. EOS/USD now trades at its...Read More
The rapid slide in Bitcoin (BTC) prices led to more talks of calling the bottom on the most recent downward trend. Jacob Canfield, a leading Tradingview bitcoin analyst, believes $5,500 will be as far as the asset falls. Bitcoin Slid Under $6,900, Signalling Downward Pressures Bitcoin price fell by 4.31% in the past day, sinking...Read More
The Bitcoin (BTC) halving narrative remains one of the chief sources of price speculation going into 2020. Altana Digital CIO, Alistair Milne, says we’re likely to witness 5 events take place before the big day arrives. Pre-Halving Months Will See Bitcoin Accumulation The Bitcoin halving event is less than 150 days away, and while it...Read More
Bitcoin’s entire 2019 rally from trough to peak, is nothing more than a “textbook echo bubble” according to a former IMF economist.The post appeared first on NewsBTCRead More
2019 has proven to be a year for the development of the stablecoin ecosystem. The launch of a China-backed stablecoin CBDC, dubbed DCEP [Digital Currency/Electronic Payments] is imminent, but the same cannot be said about its western counterparts. Facebook’s Libra is a prime example of the same, with uncertainty over its launch still looming large....Read More
The push for cryptocurrency and blockchain global adoption is on the rise, and 2019 has been quite innovative for the two emerging technologies. As we engage the overdrive gear into 2020, it’s important to recognize the presence of notable cryptocurrency influencers who are constantly working to ensure that this industry gets better going forward. But...Read More
Pseudonymous blockchain blogger Hasu has released an analysis of the latest Vertcoin attack. Published on the Deribit blog, the article makes a credible argument that ASICs enhance blockchain security by introducing an incentive to act in the interests of the network. The Altcoin Case for ASIC-Resistance As Bitcoin evolved, so did the prevalence of Application...Read More
Tezos dropped by almost 8% over the past 5 days, bringing the price down to the $1.64 level. The cryptocurrency remains strong against BTC as it attempts to break the 0.00025 resistance. Tezos remains the strongest performing major altcoin over the past month and it got listed on Bittrex. Key Support & Resistance Levels XTZ/USD...Read More
The downtrend continues for Bitcoin price, as the leading crypto asset by market cap reached $6,600 today, showing that bears remain in complete control over the current state of the crypto market.The post appeared first on NewsBTCRead More
Bitcoin (BTC) reached its all-time high on December 17, with an intra-day peak at $20,089.00. The coin arrived at that level after a turbulent month of exorbitant daily gains, but what’s different two years on? Bitcoin Only Spent a Moment at Peak Prices Soon after reaching the fabled $20,000 mark, Bitcoin’s parabolic trend turned for...Read More
On December 16, new court filings from the Kleiman v. Wright case show the plaintiffs have responded to Wright’s objections against the magistrate’s court order. Kleiman’s lawyer Velvel Freedman explained that Craig’s statements in court “lacked credibility,” his constant change of stories “demonstrates falsity” and Freedman claims Wright’s “trust documents are forgeries.” Also read: Plustoken...Read More
It would seem that Ethereum is back to square one. After registering a growth of over 170 percent from January to 26 June, the world’s largest altcoin has now lost all its positive gains this year after it recorded an 8% depreciation on 16 December. Ethereum and Bitcoin were the major crypto-assets responsible for the...Read More
