As the year almost comes to a close, everyone wants to get their message in. Even Craig Wright is making headlines, although not in the manner he had hoped for. More specifically, it appears as if Craig Wright can’t prove he is Satoshi Nakamoto after all. A Problem for Craig Wright The private key associated...Read More
Altcoins have once again started to fall off, with Ethereum and XRP both plunging amid Bitcoin’s latest bout of volatility. According to an analyst going by Mac, it may soon get worse for the altcoin class.He remarked in a recent tweet that he expects for both altcoins as a class and Ethereum to fall by...Read More
Looking back at 2019, altcoin XRP witnessed a major drop in its price throughout the year. Currently priced at $0.193, XRP is at its yearly low. Despite XRP’s price, the altcoin stands as the third-largest coin with a market cap of $8.39 billion. Additionally, Grayscale’s report also suggested that XRP had gained “momentum among both...Read More
Over the past few weeks, the price of gold has begun to pick up steam, surging by $35, some 2.5%, in the past three days. In the past four weeks, since the start of December, the asset has gained 4%.While this Santa Claus rally has already brought the price of the metal above $1,500, where...Read More
Ever since Bitcoin’s meteoric rise to highs of $20,000 in late-2017 and subsequent drop, analysts and prominent figures within the industry have all been offering price targets for where they expect BTC to surge to over a fixed time period.Although some of these predictions have been lofty and unrealistic, one billionaire cryptocurrency investor is now...Read More
Tokenization firm AlphaWallet partnered with the Union of European Football Associations (UEFA) for the upcoming European Football Championship, ‘Euro 2020′. Via Ethereum integration, Alphawallet plans to put around 20,000 tokens on the custom blockchain backing the tournament tickets. According to reports, Victor Zhang, CEO of AlphaWallet, stated, “If we can convert 50% of the digital...Read More
Another week, another round of Crypto Tidbits. The last week of December was quiet for the Bitcoin and broader digital asset market, with BTC gaining 2.6% over the past seven days, according to Coin360.com. Altcoins have posted similar slight gains, though assets like Bitcoin Cash, EOS, Litecoin, and VeChain have managed to outperform, seeing approximately 10%...Read More
Regional authorities in the province of Sichuan are reportedly pressuring bitcoin miners to scale down operations amid electricity shortages during the dry season in Southwest China. A meeting has been scheduled with regulators, the state run grid operator and mining companies. Two hydropower stations have been fined already for powering bitcoin farms without authorization. Also...Read More
Companies in China have been wary of cryptocurrencies. That situation won’t necessarily change following some new guidelines coming out of Beijing. It has been a while since some “China bans bitcoin” FUD made headlines. More Bitcoin Trading FUD From China For reasons unknown, such news tends to come around at least once a year. This...Read More
Reports emerged that hackers have demanded bitcoin as ransom from users of vulnerable cameras sold by Amazon and its subsidiary Ring. Bitcoin is constantly being used as a means of extracting payment, blackmailing people, and demanding ransom in exchange for data. Ransomware attacks are ones, where hackers infect users’ devices, encrypt their files, and then...Read More
The CEO of fintech company Ripple is now offering a bold prediction for what the new year holds in store for the cryptocurrency markets, as he believes that the market-wide purge that was largely anticipated to occur in 2019 will actually take place in 2020.This market-wide “consolidation” trend that he anticipates to occur in the...Read More
A look at the price movement chart for XRP since its inception showed little price action over the last year. 2019 saw a yearly high of around $0.50, a dismal price-tag compared to 2018’s high of $3.31. It had breached under the $0.20 mark earlier this month and has had some trouble recovering from the...Read More
As 2019 comes to an end, the Breezecoin (BRZE) token defended its position despite the recent down-trend in the price of bitcoin and altcoin markets. The second half of the year was accompanied by a steady fall in the crypto market after BTC braced a year-high of over $13k. However, the reverse was the case...Read More
Bitcoin‘s Lightning Network has received a lot of flak over the years, but a majority of its criticism is due to lack of clarity. Although the scaling solution recently received support from major exchange Bitfinex, the community remained skeptical about LN’s functionality and application. Recent research provided by a group of Hungarian researchers sheds more...Read More
Bitcoin’s price has been stuck within a firm and unwavering trading range within the lower-$7,000 region over the past week, with each attempt to rally being quickly rejected by aggressive selling pressure that has led BTC to remain stuck around its current price levels.One analyst is now noting that a key trend Bitcoin has been...Read More
The growth of digital assets’ derivatives market underlined one of the key developments in 2019. Institutional involvement soared significantly as the likes of Fidelity and ICE’s Bakkt announced their presence in the crypto industry and other exchanges such as Binance, also launched their own futures platform. A majority of the exchanges launched Bitcoin or Ethereum...Read More
Interest in cryptocurrencies, especially bitcoin, in Latin America is on the rise as popular bitcoin Peer-to-Peer trading platform LocalBitcoins has been recording tremendous surges in its weekly BTC trading volume in Venezuela and Argentina. P2P Bitcoin Volume Spikes Data from CoinDance, a crypto statistics platform, reveals that there was a spike in trading activities on...Read More
As digital currencies become a mainstay in society, a great number of governments have enforced strict tax guidelines, severe money transmission rules, and tough regulations. Because of a few nation-states’ harsh rules against cryptos, there are individuals who plan to renounce their citizenship in order to become stateless. Some people will also attempt to get...Read More
Since November 20, Bitcoin has been consolidating between the $7000 and $7500 levels, with intermittent pumps to $7800 and dips under $6500. Despite relatively poor performance over the last month, there is still hope for BTC as December leads us into the new year. Source: CoinStats Bitcoin 1-day chart Source: BTCUSD on TradingView Bitcoin’s daily...Read More
In theory, it should be easy to choose a cryptocurrency sign. Countless fiat currencies have popularized a single style — a letter with one or several strike-through bars, which should represent the stability of the currency. It’s a design that has been used all around the world: signs for the euro, the pound, the yen,...Read More
Bitcoin is the best performing investment of the last decade, bringing investors who bought the asset early unimaginable returns.The post appeared first on NewsBTCRead More
Peter Schiff found another reason to take a shot at bitcoin. However, there’s no denying that it’s the best-performing 2019 asset. | Credit: Lucas Jackson / Reuters Peter Schiff found another reason to take a shot at bitcoin. Bitcoin supporters took the gold bug’s latest criticism with a pinch of humor. There’s no denying the...Read More
As the year comes close to an end, it is the time for retrospection and reflection: the same holds for XRP, which holds its position as the third-largest cryptocurrency. XRP has managed to retain its community despite its shaky track record when it comes to price performance. This article takes a look back at XRP...Read More
The impact of 2020’s economic and political events could have a lasting effect on the future of crypto assets, although it is unclear what the final result may be. Most people are likely aware of the massive potential impact that cryptocurrencies and blockchain technology can have on countless industries. Their ability to revolutionize the world...Read More
It appears that one of Bitcoin’s most popular proponents, Michael Novogratz, has lowered his predictions regarding BTC’s price by 2020. This time, he believes that it would close above $12,000 but doesn’t really give any further thoughts on the matter. Bitcoin Price Above $12,000 By 2020 Michael Novogratz is one of the most vocal proponents...Read More
Verge is one of the top privacy coins in the crypto industry, having specific features that allow traders to perform anonymous transactions. XVG makes use of a blockchain which runs on top of the Tor network and various other I2P services to make user that no one can track your IP addresses, geolocation, and other...Read More
It appears that Bitcoin’s medium-term outlook is rapidly starting to favor bulls, with reports upon reports coming in indicating that the technicals and fundamentals imply that a return to a bullish phase is on the horizon for BTC.Related Reading: What’s Next for the Bitcoin Blockchain? Top Developer Weighs InBitcoin Technical Indicators Continue to Flip GreenAccording to...Read More
Systems similar to banks have existed since time immemorial: From barter system to lending gold coins. Though banks were in financial fashion, Internet has paved the way for a revolution more efficient. The shortcomings of the banking system resulted in the exclusion of over 1.7 billion individuals from the financial ecosystem. While people sought an...Read More
Bitcoin (BTC) took off with its mainstream appeal since around mid-2017. Since that time, the market price of BTC has seen ups and downs, with at least a dozen dramatic days of appreciation or crashes. Altcoins at Risk of Being Wiped Out in Value Looking back, betting on BTC prices brought an upward daily move...Read More
The Ethereum Foundation was in the news after Co-founder of the network, Vitalik Buterin affirmed that the Foundation had sold about 70,000 ETH when the token was at an ATH. While ETH was being traded for an ATH of about $1,400, the Foundation reportedly earned nearly $100 million by selling the altcoin. In an interview...Read More
