Bitcoin has had a fantastic start to the new trading week and is now trading above its monthly pivot point, around the $10,650 level. More impressive still is that the Bitcoin price has completely eroded all of the losses from the bearish drop on August 28th, and is now holding above the technically important $10,280...Read More
Even though Amazon is yet to announce any plans for its own digital assets, a new report which surveyed opinions from several analysts, has claimed that Amazon is very likely to announce a Libra competitor. A few months ago, Facebook revealed plans for its own cryptocurrency called the Libra, and also announced the Libra Association....Read More
The Netherlands’ central bank, De Nederlandsche Bank (DNB), a member of the European System of Central Banks (ESCB), has announced plans to start regulating bitcoin-linked businesses from January 10, 2020, according to a Reuters report on September 3, 2019. Dutch Authorities to Regulate Cryptos Per sources close to the matter, the central bank of the...Read More
Cryptocurrency enthusiasts and businesses in the industry have had to put up with regulatory uncertainty for quite some time. The strong desire to tap into their incomes and profits goes hand in hand with failure on behalf of authorities and regulators to fully understand the nature of decentralized digital assets. Not to mention how absurd...Read More
Bitcoin will never supplant the US dollar, believes Joe Weisenthal of Bloomberg Markets.The chief editor today invited bitcoin evangelists to fight his belief as the cryptocurrency soared towards the $10,500 valuation. He shared excerpts from their Bloomberg newsletter, which showed an unnamed author discussing how bitcoin supporters project it as a solution to almost everything,...Read More
Bitcoin price crossed the $10,000 mark almost 20 times in the past two months – but some analysts are hopeful that this week may have been the last time we see BTC under five figures. Bitcoin Flip-flops Over $10K Again Discussing data tracking BTC/USD since the start of July, the analytics entity known as Skew...Read More
Investment firms Van Eck and SolidX, two firms which proposed a Bitcoin ETF which did not receive SEC authorization, have decided to sell shares of the said financial product but while still being within SEC guidelines. According to The Wall Street Journal, the two companies’ alternate solution involves selling shares in a limited version of...Read More
The steady growth of the cryptocurrency market has caught the attention of a lot of major tech giants, including the likes of Facebook, JP Morgan and now, Telegram. Out of these, Facebook’s Libra remains the most talked-about project, not only owing to its huge user base, but also due to the several hearings which have...Read More
Bitcoin Futures have faced unusual hurdles from the US authorities. There are ways around this but these ways are often limited and high risk. However, Vaneck Securities and Solidx seem to have found the solution. Due to the many regulatory hurdles that the United States Security and Exchange Commission (SEC) has placed on the implementation...Read More
In spite of its many controversies, Tether (USDT) still remains one of the best-traded cryptos in the world, with its market cap reaching its all-time high at $4 billion dollars. Tether has seen some rapid growths in terms of market cap, which has doubled since January and placed the coin in 6th position. But what...Read More
Tuesday’s bitcoin price surge launched BTC as high as $10,750 on Bitstamp, decimating $68 million worth of shorts in the process. | Source: Shutterstock Bitcoin (BTC) is back in positive territory today. Yesterday’s surge of nearly 8% on Bitstamp saw BTC shoot back past $10,000 and then briefly clip the $10,750 mark on Tuesday. Most...Read More
Binance is having a year to remember with major announcements every few months delivering more and more options to the end-user. Its own cryptocurrency BNB entered a notable uptrend at the beginning of the year with outstanding growth. For the first four months, Binance Coin saw an increase of around 300%. The parabolic movement didn’t...Read More
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
