You’ve likely heard the term “echo bubble” tossed about in relation to Bitcoin over the past couple of months. For instance, hedge fund manager Mark Dow, an investor that shorted BTC when it traded at $20,000 in December 2017, recently quipped that the leading crypto is in a “textbook echo bubble.” This came shortly after...Read More
FinTech startup Ripple announced today that they are capping off a “record” year with a $200 million Series C fundraising round, which was completed in hopes of providing them with more flexibility to help continue building their operations on a global scale.This fundraising round comes concurrently with significant community criticism of the company’s regular market...Read More
According to reports, the New York-based private equity firm Fortress is offering Mt Gox creditor claims at $778 per coin. The offer is 13.5% lower than what Fortress offered in July and Mt Gox claimants have until December 31 to accept the offer. Also read: Reports Criticize Bitcoin SV Miners and the Chain’s Upcoming Fork...Read More
It does not happen often that the SEC settles with an ICO company. In the case of Blockchain of Things, it seems everything has been reconciled, of sorts. According to a press release, Blockchain of Things has been subject to an SEC investigation. The SEC Wants to Educate This is not uncommon for ICO projects,...Read More
Blockchain start-up and XRP proponent Ripple says it’s raised a $200 million investment round, lifting its valuation to $10 billion.The post appeared first on NewsBTCRead More
Bitcoin’s buyers have been ardently defending the cryptocurrency’s newfound position within the $7,000 region, as it appears that selling pressure has been ramping up in the time following BTC’s surge from lows of $6,400.Although the bounce at this level was certainly a bullish sign, it is important to note that the momentum that resulted from...Read More
When we talk about technological advancement or the financial landscape, China is a nation that remains omnipresent in the discussion. 2019 has been an eventful year for cryptocurrency and blockchain, and China’s involvement did not go unnoticed in the industry. Earlier this year, Xi Jinping, China‘s president vocally conveyed support for the blockchain technology but...Read More
This week has been quite a tumultuous one for the Bitcoin market. As of the time of writing this, the cryptocurrency is effectively flat on the week, posting a slight loss of 1%. But this statistic hides the truth: this week has seen BTC undergo two 10% swings, one to the downside, then another to...Read More
CryptoCompare‘s November review showed a significant interest in crypto derivatives trading. While regulated bitcoin futures and options on CME are up 35.2 percent since last month, more volume was traded on crypto exchanges, with OKEx reporting a total monthly derivatives volume of $91.5 billion. Derivatives trading becoming more and more popular both among institutional and...Read More
Two market analysts have said Tim Draper’s bold Bitcoin price prediction might not be as far fetched as it seems. The billionaire venture capitalist said recently that the leading digital asset would reach a price of $250,000 between six months and a year after the 2020 halving.BKCM LLC’s Brian Kelly and Fund Strat’s Tom Lee...Read More
Authorities in Shenzhen have started pressuring crypto businesses operating in China’s tech capital. Eight companies, two suspected operators of trading platforms, and six entities allegedly associated with coin offerings, have been placed under inquiry, Chinese media revealed, with authorities reportedly questioning their representatives at a meeting hosted by Shenzhen Financial Regulatory Bureau. Also read: Crypto...Read More
Centralized exchanges have been both a blessing and a curse upon the crypto industry. OpenLedger recently introduced some odd changes that don’t sit well with its users. When an exchange increases withdrawal fees for no apparent reason, there will be some dismay. What is Going on at OpenLedger? Those fees now sit at 5% of...Read More
A woman based in the United States island-state of Hawaii has lost nearly half of her entire life savings, in a crypto mining-related Ponzi scheme.The post appeared first on NewsBTCRead More
The scalability trilemma, coined by Ethereum’s creator Vitalik Buterin, stated that a blockchain can “only at most have two” of the three aspects: decentralization, security, and scalability. With Proof-of-Work blockchains sacrificing scalability, Proof-of-Stake was touted as the approach forward. However, more and more exchanges are getting involved in the process of Staking, some have expressed...Read More
Billionaire venture capitalist Tim Draper says the bitcoin price will skyrocket to $250,000 soon after the May 2020 ‘halving’ event. As astounding as that sounds, Draper’s projections are in line with bitcoin’s historical trend. Draper correctly predicted the ‘crypto winter’ bear market of 2018-2019 in September 2018. He’s made over $200M from BTC so far....Read More
The cryptocurrency exchange known as Bitfinex is often the playground chosen for many whale traders, who take up large positions in Bitcoin and other cryptocurrencies using leverage to amplify their returns.The post appeared first on NewsBTCRead More
On December 16, 2019, Parity Technologies announced that its Ethereum client, Parity Ethereum, would be maintained by a decentralized autonomous organization (DAO). Without the proper funding, however, critics pointed out that the project will likely collapse. Stepping back even further, the move highlights the ever-growing divide between Parity and Ethereum ecosystem at large. Transitioning to...Read More
Optimism is currently a word forgotten from Bitcoin‘s dictionary! Since November, the largest digital asset has faced substantial volatility in the market, and it is fair to say, the altcoin market cap was equally affected as well. Ethereum registered a drop of over 8 percent on 17th December, causing the 2nd largest crypto to shed...Read More
December is almost over, and it’s safe to say that it has been action-packed. Over the past week, Bitcoin’s price went on a rollercoaster, dropping to a low of around $6,500 only to correct to approximately $7,200 where it currently trades, leaving many to question whether the bottom was already in. Looking at the bigger...Read More
Financial cryptographer. Cypherpunk. Inventor of Ricardian contracts and early utilizer of triple-entry accounting systems, which would later be exemplified in Bitcoin. Ian Grigg may have claimed that Satoshi was a team effort and is now dead, only living on in bitcoiners everywhere, but some seem to think it’s him. In this installment of “the many...Read More
Bitcoin Cash (BCH) was adopted by a Burger King restaurant in Slovenia, making it the first cryptocurrency to be transactable in physical Burger King stores. A video posted to social media on Friday shows two Bitcoin Cash users pay for their food using BCH from their mobile wallets. Burger King Goes Crypto Slovenia has become...Read More
Ripple has a bearish short-term and medium-term trading outlook The four-hour time frame shows that a bearish head and shoulders pattern has been triggered The daily time frame continues to show Ripple testing long-term trendline support Ripple has moved to test long-term trendline support below the $0.20 level, following the heavy cryptocurrency market sell-off earlier...Read More
This week, just as bullish crypto investors and traders began to lose hope that Bitcoin could prevent a fall further to new lowers, a powerful reversal may have started, reviving sentiment across the crypto market.The post appeared first on NewsBTCRead More
As 2019 nears its end, crypto proponents in the digital asset industry are already vocal about their speculation on Bitcoin’s price in 2020. Over the past twelve months, Bitcoin registered a year-to-date high at $13,800 on 26th June but the ongoing market corrections caused the valuation to slump by 50 percent. The price swing dampened...Read More
StormX allows people from all around the world to earn satoshis for playing video games, testing applications, completing surveys and fulfilling other types of microtasks. Launched in January 2014 as Storm Play, the platform has managed to pay out more than 249 BTC (about $1,784,000 at the time of writing) to users in less than...Read More
Serial forger, fantasist, and the world’s most famous Faketoshi, Craig Wright, has been at it again. This time ‘proving’ that he genuinely is Satoshi Nakamoto, by sharing a timestamped document, revealing the pseudonym’s origins… Or at least holding up a blurry printout with some writing on it, during a Skype interview with a sympathetic journalist. Rather than,...Read More
Bitcoin Bitcoin went through a rollercoaster of price action this week. On Monday, the cryptocurrency started to fall, and it dropped by a total of 10% by Tuesday to reach a low of $6,430. However, after that, it rebounded higher, gaining a total of 15% to climb back above the $7,000 level and reach the...Read More
Bitcoin tried CME and tested Bakkt in the derivatives market of 2019 In the past two years, few things in the cryptocurrency market have changed. Bitcoin and Satoshi impersonators are still running rampant, the SEC is still unclear on how to regulate token-issuances and Bitcoin is, yet again, ending the year on a higher-low. One...Read More
After going through another volatility earlier this week, which pushed its value down to as low as $6450 on major exchanges, Bitcoin has made a quick recovery above $7,000 and is currently trading at $7,200, indicating a 1.12% gains on the daily chart. Meanwhile, Bitcoin’s dominance continues to increase and it stands at 68.3%. This...Read More
Bitcoin is holding around $7,200 as the first digital currency searches for direction. The top 10 altcoins are holding above long-term technical support, closely tracking the price movements of Bitcoin. Bitcoin SV is a notable outperformer among large capitalization coins, while Matic Network is leading in the top 100. The Crypto Fear & Greed index,...Read More
