China-based bitcoin miners have started to migrate southbound from North China, according to local reports. The operators are having difficulties and are transitioning mining facilities for cheap hydro-powered electricity. Testimonials also show that 64 mining operations in the prefecture in Yunnan have been threatened by local authorities. Sources say a hydropower station discharge sparked a...Read More
The month of May was filled with volatility as the price of Bitcoin kept swinging constantly. Despite the sell-off in the market, the value of BTC remained above the $9k resistance. While the first da The post Bitcoin, Ethereum perpetual contracts on Binance register growth appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
Switzerland, 4th June 2020. Swiss-based crypto platform Eidoo is upgrading its native utility token into a governance token that will power a new cross-chain DAO. In a collaborative decision by Eidoo and pTokens, the $EDO token will be upgraded into $PNT later this month so that it can be used, staked and earn interest within...Read More
Bitcoin is on course to reach and possibly break its all-time high level of $20,000 by the end of the year, says Bloomberg’s latest report. It adds that BTC has matured as an asset in the past several months, which is supported by the increasing number of similarities with gold and its performance during the...Read More
The debate on whether Bitcoin is like or unlike gold has been widely discussed and seems to be an overdone narrative. However, there have been analysts who have been trying to draw similarities and di The post Despite Bitcoin-Gold similarities, investors prefer latter appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
The President of the United States, Donald Trump, has tapped Hester Peirce for a second term as a member of the Securities and Exchange Commission (SEC) as her current one is set to expire on June 5th, 2020. Peirce is a vocal defendant of Bitcoin as she opposed the rejections of a Bitcoin-based ETF by...Read More
The man, known as Bitcoin Jesus, has urged people to start using cryptocurrencies instead of what he calls “police money,” if they want to show their opposition to a corrupt justice system. Founder and Executive Chairman of Bitcoin.com, Roger Ver, said in a YouTube video posted on June 3 that the best way to prevent...Read More
On 25 May 2020, when Goldman Sachs announced that they were going to host a call involving Gold, Inflation, and Bitcoin, a sense of exhilaration ran wild in the crypto-community. When the instituti The post Goldman Sachs’ Bitcoin opinion will change with time appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
Co-Founder and CEO of Blockstream Adam Back believes that Bitcoin could reach $300,000 in five years due to the current economic situation worldwide. In an interview, he also refuted the recent claims that he is the mysterious person behind BTC – Satoshi Nakamoto. Bitcoin To $300,000 By 2025? In his recent interview with Bloomberg, the...Read More
When individuals like John McAfee speak in public, some people immediately give credence to what he is saying. Others tend to dismiss his claims very quickly, for rather obvious reasons. A while ago, the entire world was looking at John McAfee for his Bitcoin price predictions. John McAfee is Still Talking About Bitcoin McAfee predicted,...Read More
Recent Chinese reports informed of hidden Bitcoin mining rigs stealing electricity in the northern city of Daqing. Interestingly, the perpetrators were concealing their operation under two mysterious grave mounds in a relatively empty field. BTC Mining Operations In Hiding According to the recent report, a Chinese oil field company sent a tip to local police...Read More
Bobby Lee, Founder of Ballet Crypto and Board member of the BTC Foundation predicted the price of Tesla CyberTruck to be equal to 1 BTC. This reaction came following the surge in the Bitcoin price crossing $10,000. Tesla CyberTruck for 1 BTC The Crypto space rejoiced today after the Bitcoin price crossed $10,000.Now, in these...Read More
Bitcoin surged above $10,000 for the first time since February, and it took the entire market with it. Altcoins are all flashing in green, as the total capitalization increased by more than $13 billion overnight. Now, a popular cryptocurrency trader pointed out that the chart of the total market cap went through the same pattern...Read More
Bitcoin managed to break the psychological barrier of $10,000 hours ago. During the price surge, however, the leading US-based cryptocurrency exchange, Coinbase, experienced technical issues and was not functioning for about an hour, again. Bitcoin Up, Coinbase Down As CryptoPotato reported earlier today, the primary cryptocurrency finally broke the $10,000 resistance level after several consecutive...Read More
Bitcoin has broken the long-held critical resistance level at $10,000. The top cryptocurrency seems to be on a bull rampage which may eventually land it some more gains after days of crawling below the $9,500 level. As we expect more in the coming days, bitcoin is seen to have begun what many views as a...Read More
The death of George Floyd at the hands of Minneapolis police ignited a series of widespread riots throughout the United States. With more than 25 cities in lockdown, protesters and the police continue their violent clash. People are protesting against supposed police brutality in a manner that’s everything but civil. Stores are being looted, and...Read More
Renowned pop-star music video director Joseph Kahn recently revealed that trading cryptocurrencies has been his hobby for the last month. World-Famous Video Director Says He Is Trading Crypto In a recent post on his personal Twitter profile, Kahn shared that he has been into his new hobby for a month now, and is even already...Read More
Cryptocurrency analyst and creator of Bitcoin’s stock-to-flow model, PlanB, recently noted that an indicator that historically precedes bullish momentum according to his model has now flashed. Per his initial prediction, the asset is targeting a total market cap of $1 trillion in the next few years. Bitcoin’s S2F Model The stock-to-flow model became an instant...Read More
Popular Bitcoin proponent and educator Andreas Antonopoulos believes that the current drops in oil prices will benefit some BTC miners. In a video on his YouTube channel, he outlined that miners in the recently opened Bitmain facility in Texas could be the biggest beneficiaries. Oil Prices To Affect BTC Mining The sudden outbreak of the...Read More
Bitcoin’s price prediction of reaching $1 Million is “Nonsense” says John McAfee The king of controversies in the world of cryptocurrency, John Mcafee, recently tweeted saying that his own tweet dated three years ago is nothing but nonsense. Key Highlights People who believe BTC will reach $1million by December 2020 are idiotsBitcoin is a crippled...Read More
Remember the days when anyone with a computer could mine Bitcoin? Yes, a long time ago, before the days of ASIC, a few lucky ones did mine Bitcoins with their computers. As Bitcoin’s mining difficu The post Bitcoin mining at home yields ‘pristine BTC with more privacy’ appeared first on AMBCrypto. The post appeared first...Read More
During the last six days, America has been feeling the wrath of a myriad of protests and riots in nearly every major city across the nation. The U.S. is experiencing an uprising like never before, but some of the protests and demonstrations could be more peaceful. Acts like not voting for the political class, and...Read More
In mid-May, news.Bitcoin.com reported on one of our mining pool videos being censored and banned from the video-sharing platform Youtube. The report had shown how Youtube has been censoring videos for a long time now, and the CEO specifically told the public certain coronavirus films would be removed. Youtube’s censorship has caused a number of...Read More
The value of ETH stored on its own Ethereum blockchain has been continuously decreasing in the past year, new research shows. While numerous ERC-20 tokens operate on the network, the growth of stablecoins presents the most substantial threat to cause a future “flippening.” ETH’s Role On Ethereum Blockchain Decreases Per the research provided by Messari’s...Read More
Looking at the current Bitcoin price momentum, some cautious optimism appears to be warranted. Open interest on CME’s Bitcoin options seems to confirm as much, although no immediate push to $10,000 should be expected. Many people would like to see the value of Bitcoin hit five digits once again. Are Things Looking up for Bitcoin?...Read More
The University of Sussex recently published a paper regarding the performance of Bitcoin and gold during the COVID-19 pandemic. The research team behind the project believes that both assets failed to serve as safe-havens, primarily because of significant market manipulations. Bitcoin And Gold Failed In The 2020 Crisis? The sudden outbreak of the COVID-19 pandemic...Read More
JPMorgan strategist Nikolaos Panigirtzoglou claimed that Bitcoin is below its value. The report says that the largest cryptocurrency with market value is trading 25% below the price that should have been after halving. ?? JPM: Full Study on #Bitcoin Mining, Intrinsic Value and Open Interest.#BTC pic.twitter.com/n4PVjhR8iu— PiQ (@PriapusIQ) May 24, 2020 According to Panigirtzoglou, there...Read More
Bitcoin investors have been transferring their assets outside of specific exchanges lately, new data shows. Ultimately, the BTC balance on platforms has reached its lowest point in over a year by decreasing with more than 320,000 coins since Black Thursday. Bitcoin HODLers Mentality On The Rise During the notorious Black Thursday event in March, when...Read More
Recently Goldman Sachs had laid its views on the Bitcoin calling them as non-assets. Many criticized the opinion but some of them like Prof Steve Hanke stood in support of the bank. He believes that the bank rather gave a reality check to the cryptocurrency market. Bitcoin is a Highly Speculative Asset – Prof Hanke...Read More
There have always been questions as to who is buying cryptocurrencies and for which specific purpose. In undeveloped countries, the adoption of crypto assets is progressing rather quickly, according to a new report. For years now, people have claimed how Bitcoin can transform Arica in terms of finance. Crypto Adoption in Developing Nations For equally...Read More
