Anyone who thought that the lead Satoshi Nakamoto impersonator, Craig Wright, would finally have accepted defeat and scurried off back into obscurity again by now, must be getting increasingly disappointed. Despite losing the well-documented Kleiman case back in August, Wright is still trying to wriggle out of paying the $658,000 legal fees. The (Highly Implausible)...Read More
Crypto Analyst Peter Brandt came onto to BitcoinLive with his latest prediction. He claims that BTC price could reach it’s all-time high i.e. $100,000 or above. He further explains his claim saying that if bitcoin is able to break out from the current bear channel, the BTC prediction seems likely. In his latest video titled,...Read More
The Central Bank of Nigeria (CBN) has warned that bitcoin and digital currencies are not legal tenders but Nigerians don’t seem to care. Bitcoin Adoption Rising Despite Apex Bank, Senate Warnings In its December 2019 edition of ‘The Nigerian Banker’, the Chartered Institute of Bankers of Nigeria (CIBN) highlighted how bitcoin is booming in Nigeria,...Read More
As bitcoin price remains in its range-bound channel, other indicators are slowly turning bullish for the king of crypto. BTC has held on to five figures as we begin the weekend and bigger things could be in store as open interest mounts up. Binance and BitMEX Building Up Bitcoin Looking at on-chain flows for the...Read More
Bitcoin price has posted positive returns every quarter this year till date. Last time this happened, we saw BTC hit $20,000 in 2017. Is bitcoin preparing to repeat history then? Bitcoin Hit Green in All Quarters This Year Bitcoin is quietly inching towards the $11,000 price mark, as the contents of this piece are being...Read More
This year has certainly been more fruitful for bitcoin price than 2018 was. That said, it has not shown any signs yet of returning to an all-time high. Looking at the lows may offer some indication of how big the next bull run could be. Bitcoin a Store of Value in The Making In 2018...Read More
Altcoins will return to prominence as Bitcoin market cap share is bound to decrease, cryptocurrency exchange Binance has stated. Binance: Bitcoin Dominance ‘Sticking Around’ In its latest bulletin which went live on September 4, Binance Research, the exchange’s analytics arm, repeated claims made in July that Bitcoin’s current market dominance would not last indefinitely. Officials...Read More
FINSUM 2019 kicked off today, at the Japanese capital of Tokyo. Organized by the NIKKEI INC, and Japan’s Financial Services Agency (FSA), the 3-day event is going to be a mega ‘fintech, blockchain, crypto and the future of finance’ bonanza. Yes, you read that right! Japan’s Financial Services Agency Loves Bitcoin and Lightning Network Bitcoin...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
Yet again the king of crypto has bounced back over $10,000, adding 6.5% on the day. The move signals a continuation of the consolidation for bitcoin price but analysts are aware that it could be a big bull trap. Bitcoin Price Tops Out at $10,450 It has been traders in the US session that have...Read More
Contrary to his previous statement that he would obey the court ruling, the new filing suggests the controversial Bitcoin investor is gearing up to challenge the court’s decision. Craig Wright who once claimed to be long-sought Bitcoin founder Satoshi Nakamoto is taking the necessary steps to challenge a ruling ordering him to hand over 50%...Read More
There has been very little activity on crypto markets over the weekend. Since its big dump last week, Bitcoin price has recovered a little but remains rooted below five figures at the moment. Longer-term technical indicators are mounting up and they are mostly bearish. Lowest Daily Bitcoin Volume For Five Months Bitcoin spent most of...Read More
The government of Argentina has imposed capital controls on its citizens in a response to growing financial issues for the country. The South American country has limited dollar purchases to only $10k per month after $3 billion was drained out of their foreign currency reserves on Thursday and Friday alone. Is it time to switch...Read More
Global negative-yielding debt is now over $17 trillion, making investors extremely nervous. And it is forcing them to focus on non-traditional assets, like bitcoin. Investing in Debt and Holding it to Maturity Guarantees a Loss Investors are becoming increasingly fearful as they see that the soaring negative-yielding debt is altering the global economy. According to...Read More
Bitcoin’s blockchain produced new historic records this week as the cryptocurrency’s technical health increasingly contradicts its lower price. Bitcoin Hashrate Hits 83 Quintillion As data from monitoring resource and wallet provider Blockchain.com confirms, it was Bitcoin’s 00 hashrate leading the charge, hitting 83.5 quintillion hashes per second on August 29. That number is BTC’s best...Read More
Bitcoin (BTC) functionality was officially integrated into Samsung S10 models, with the features currently being available in a few countries. Tech giant Samsung has completed the integration of Bitcoin into its Blockchain Keystore Software Development Kit (SDK). The newest Galaxy Note 10 will also have the new feature. The announcement for the feature was officially...Read More
Several Bitcoin Lightning Network projects have been found to carry vulnerabilities that can potentially cause the loss of crypto funds for their users. Projects that are running Lightning Network nodes have received instructions to upgrade their clients as soon as they can. This warning is also applied to those using the popular Éclair crypto wallet....Read More
Bitcoin Fees in December 2017 were almost always above $10, sometimes reaching nearly $30. Today we are nearly at the same price and fees have dropped considerably; less than a dollar in most cases. But has Bitcoin actually scaled, or is it just a case of fewer transactions happening on the network? Fees are only...Read More
There are many metrics to ascertain the popularity of bitcoin and cryptocurrency trading in different geographic regions across the world. One of them is the most traded fiat currencies chart which has revealed some interesting results. Asia Still Big on Bitcoin Unsurprisingly the US dollar was the top traded fiat currency according to statistics from...Read More
All eyes returned to Bitcoin this week after yet another record saw the largest cryptocurrency achieve growth like never before in its history. Realized BTC Market Cap Finally Reaches 3 Figures Data from monitoring resource Coinmetrics.io showed that as of August 25, Bitcoin’s realized market cap had hit $100 billion. The milestone for that particular...Read More
Bitcoin has spent most of the weekend just clinging on to levels above $10k but failing to make any progress there. Yet again trading in Asia has driven momentum this Monday morning as a spike over $10,600 takes BTC to its next resistance level. Seven Percent Bitcoin Spike in Asia Another dip down to $9,900...Read More
The G7 summit is being held this weekend, with several weighty issues to be discussed by some of the most powerful leaders on the planet. Rumour has it that Bitcoin may also feature on the bill. Bitcoin Price: Short-Term, It’s Anyone’s Guess It’s been another one of those weeks for bitcoin price, with not much serious movement...Read More
It has been made clear that the current POTUS is not a fan of Bitcoin however his tenure will not be forever. A pro-crypto United States president would likely ease the regulatory pain that is hampering the industry in the US. One may even take a step further by giving away BTC. Monthly Payouts in...Read More
Matt Hougan, the head of the global research company Bitwise, sees similarities between the remarkable surge of the Bitcoin price and the trajectory that the Gold price took during the 1970s. He believes the current Bitcoin price volatility is the modern-day equivalent of the Gold run in the 70s. In an article for Forbes, Hougan...Read More
Craig Wright, An Australian-born computer engineering expert and the driving force behind cryptocurrency Bitcoin SV, is making headlines again. He once again attempted to prove that he is the pseudonymous person who authored the Bitcoin Whitepaper. On August 22, the most controversial figure in the crypto community Craig Wright – who has been proven to...Read More
Bitcoin has been numerous times called ‘digital gold.’ However, not every financial analyst thinks that investing in Bitcoin for that reason is a prudent investment strategy. General Partner at Blockchain Capital, Spencer Bogart, is one of them. Bitcoin price Fell in line with the Dow Jones The Dow Jones Industrial Average fell sharply as the...Read More
The R-word – recession – passed the lips of US president Donald Trump yesterday, and despite recent price action, that’s a positive for bitcoin. The consensus of analyst opinion is that there will not be a recession in the US this year or next. But, as we shall see, those comforting findings do not tell...Read More
Bakkt’s bitcoin futures and custody platform launch on 23 September is a shot in the arm for crypto, but in addition to boosting bitcoin it could also raise the profile of Ethereum. The long-awaited physically settled futures should qualitatively shift market composition toward greater institutional influence. A crypto trading and payments ecosystem, Bakkt is a...Read More
This week, US President, Donald J Trump, decided that he would like to buy Greenland, thereby completely surrounding the USA’s northern neighbor Canada. Denmark semi-politely told him to… that it wasn’t for sale. Perhaps he would have more luck buying Bitcoin? Bitcoin Price: Down But Not Out Well, when it comes to bitcoin price, arguably...Read More
Historical Trends Show Bitcoin Might Have Bottomed At $3,100 The Mayer Multiple, a measure conceptualized by diehard Bitcoin investor and evangelist Trace Mayer, seems to be signaling that BTC might have bottomed. As explained by analyst Crypto Kea, the multiple, which weighs the price and 200-day moving average (key support/resistance), recently passed 1.0 after falling...Read More
