After hovering below its previous support at $7,000 for several hours yesterday, Bitcoin’s bulls were able to generate significant momentum that has allowed BTC to reclaim its position within the $7,000 region, and it appears that this upwards momentum is growing.This move coincided closely with news regarding a US airstrike on a top Iranian military...Read More
Bitcoin‘s price spiked on 3 January by 7.08%, with its price jumping from $6,853.53 to $7,339.08. The rising price of the digital asset strangely coincided with reports of an airstrike at Baghdad’s airport, one that killed the Head of the Iranian Revolutionary Guards’ elite Quds Force, General Qasem Soleimani. The President of the United States,...Read More
It’s safe to say that the beginning of 2020 is everything one might have expected it to be on the cryptocurrency market: volatile. Just a few days after the New Year’s bell rang, Bitcoin went on a rollercoaster, dropping down to a low of $6,850, only to recover hours later, gaining upwards of $500 in...Read More
Bitcoin and Ethereum recorded a lucrative first half in 2019, with many in the crypto-community attributing the performance of the market to the performance of these cryptos. The second half of 2019 was far less exciting for the market, however, as both cryptos registered massive losses. In fact, Ethereum ended the year with a 2.09...Read More
Commercial banks should work out their own transfer systems as an alternative to Facebook’s Libra, urged Jens Weidmann, President of Bundesbank and member of the Governing Council of the European Central Bank (ECB). Euro Area Banks Should Not Rely on Facebook’s Libra Banks in the Euro area should explore tools for faster, cheaper transfers, but...Read More
Bitcoin‘s pump on 3 January came as a surprise; the pump contributed to BTC shooting from $6,853 to $7,369 in a span of 8 hours. During times like these, there are bound to be many liquidations, many worth hundred-millions. At press time, the price was staring at the resistance that it failed to breach during...Read More
11 years ago today, Satoshi Nakamoto launched the Bitcoin network at approximately 18:15:05 UTC and the world hasn’t been the same since. The Bitcoin blockchain came to life on January 3, 2009, and so far, more than 600,000 blocks have been mined into existence. Nakamoto’s genesis block is special and the hardcoded block has a...Read More
If you are looking to borrow or lend BTC, here are some of the best Bitcoin lending sites and P2P platforms that you can use for this particular financial service. What Is Bitcoin Lending? Bitcoin lending is similar to your regular bank loan, the difference being that you do not need to involve banks and...Read More
The sudden escalation in US-Iranian hostilities sent a shockwave through global markets. | Source: AP Photo / Vahid Salemi Trump sent a shockwave through financial markets when he ordered an airstrike that killed Qassem Soleimani. Stocks, gold, and oil all fluctuated wildly as US-Iranian hostilities flared. Here’s how the prices of major assets responded. When...Read More
The Internet bubble prompted the establishment of new innovations that the masses did not realize they needed at that point. Some survived while others shut down for being too innovative and radical for that time. 11 years since the inception of Bitcoin, the industry has seen the space evolve, with newer cryptos coming into existence...Read More
A U.S. citizen, Joanna De Alba has been detained and indicted for an alleged conspiracy to possess and distribute illegal drugs including heroin and methamphetamine, through the dark web in exchange for Bitcoin. The defendant was arrested while trying to enter the United States through the U.S-Mexico border on October 24, 2019. Alleged Dark Web...Read More
Bloomberg, the mainstream media interviewed Antoni Trenchev, CEO of NexoFinance about Bitcoin’s journey in the last decade. Trenchev poured out his views on how Bitcoin has fared and 9000000% increase since 2010. According to Nexo CEO, Bitcoin is an “incredible asset” uncorrelated to the overall market. He further compared BTC to gold asset & claimed...Read More
The saga of cryptocurrencies began in January of 2009. This is when Bitcoin, the first-ever cryptocurrency, was introduced. The allure of cryptocurrency is that it is a creative and imaginative solution to a very real problem with fiat currencies across the world. Governments issued fiat currencies are subject to the printing press to pay astronomical...Read More
Bitcoin’s price went on yet another quick rollercoaster throughout the past 24 hours. It dropped down to about $6,850 yesterday, only to get back up above $7,300 today. Interestingly enough, the move comes following a US airstrike, which had the leader of Iran’s Quds Force’s leader killed. Bitcoin Price Surges $500 In Hours Yesterday, the...Read More
One of the world’s premier cryptocurrency exchanges, Malta-based Binance, has announced initiating trading for BTC, ETH, XRP, BNB, BUSD, and USDT against the Euro, on 3 January 2020, in line with its plans to facilitate more fiat gateways for the growing crypto-community. The official announcement read, “Binance will open trading for BTC/EUR, ETH/EUR, BNB/EUR, XRP/EUR,...Read More
When it comes to creating a peer-to-peer electronic cash system, accepting zero confirmation transactions becomes critically important. When a model’s main aim is to “just hodl” or push an isolated store of value narrative, important concerns like double spending can take a back seat, potentially opening a network to serious attack. A recent video demonstrating...Read More
Bitcoin promoter, Anthony Pompliano recently shared an excerpt from his September interview with Squawk box, CNBC. The interviewer questions him about the US dollar and how Bitcoin will be beneficial if adopted. Pomp takes the help of the CNBC medium to urge the Federal Government to tokenize the US Dollars as soon as possible. He...Read More
Skew markets, a provider of data analytics for crypto-derivatives, recently rounded up some Bitcoin stats for the year 2019 as 2020 beckoned. According to the crypto-markets analytics platform, 2019 returns for BTC were reported to be +95%, with over 150 days of less than +/- 1% movement. Source: Skew Skew also reported that the maximum...Read More
Bitcoin’s all-time high rally drew a lot of attention from the likes of mainstream media, governments, corporates, and even wall street. The cryptocurrency is slowly becoming the most discussed topic in the fin-tech space; in turn, addressing questions regarding its adoption. During the 32nd episode of Magical Crypto Friends, Riccardo Spagni, Charlie Lee, WhalePanda, and...Read More
The last few months of 2019 were dominated by bearish sentiments as a host of major crypto-assets dropped below their year-to-date lows. However, it will be uncalled for if 2019 is labeled a poor year for the cryptocurrency market. An influx of institutional investors and significantly improving adoption within the industry have highlighted an improvement....Read More
Bitcoin slipped back below $7,000 on Thursday amid thinner than usual trading volumes. | Image: shutterstock.com Bitcoin price tumbles 4% to $6,900 on Thursday, the lowest since mid-December. Bitcoin is slowly bleeding while traditional assets like stocks and commodities continue to rise. Bitcoin trade volumes plummet at the start of 2020 as market participants remain...Read More
A recently published post on the TrustWallet blog outlined founder Viktor Radchenko’s predictions for Bitcoin, cryptocurrencies, and the space as a whole for the year 2020. In the article, Radchenko asserted that DeFi has great potential and could become the next ‘killer app’ for the space. “We just need to get the user design correct,”...Read More
The Bitcoin ledger is completing a decade on the 3rd and while it is only 2 days into 2020, the ledger is already setting new records. Bitcoin’s hashrate breached its previous high and was recorded to be 119 million TH/s, according to the data monitoring site, Blockchain. Bitcoin’s hashrate has been spiking over the past...Read More
The broader cryptocurrency market came under pressure on the second trading day of 2020, as Bitcoin and other major cryptocurrencies slipped into negative territory for the month. The first cryptocurrency fell back towards $7,050 after being rejected from its 200-period moving average on the four-hour time frame. BTC/USD shorts on the Bitfinex trading exchange were...Read More
Despite 2019 being left behind, many analysts are still going forward with their Bitcoin speculations. Over the last few months, Bitcoin‘s valuation has undergone several bouts of price volatility and after holding onto a consolidation period between $6800 and $7400, analysts are trying to speculate whether another major dump or significant hike would surface next....Read More
It was December of 2010 when I first read the Bitcoin whitepaper, while at home visiting my parents for the holidays. As we wrap up the decade, here are my quick thoughts on how things have progressed. Note: this post is inspired by Fred Wilson’s post for tech more broadly. Tomorrow I’ll post a follow...Read More
Not your keys, not your coins Let the meaning sink in… It’s the most popular adage in the crypto-community. This mantra is echoed time and again or each time an exchange gets compromised! Just like Satoshi Nakamoto, Trace Mayer ignited the Proof-of-Keys [PoK] revolution on January 03, 2018. To the people outside looking in, the...Read More
The most important aspect of any cryptocurrency is adoption. Many cryptocurrencies in the space have been trying hard to develop use cases around their native cryptos in order to push the adoption of the coin. Active addresses have played an active role in understanding the maximum number of potential blockchain users and according to a...Read More
As the new decade trucks along, plenty of crypto-related questions arise. It appears that a fair few people wonder if and when John McAfee will honor his initial promise. Most bitcoin enthusiasts will remember the wild price prediction John McAfee shared with the world. Will John McAfee be Correct? More specifically, he claimed how bitcoin...Read More
As Bitcoin’s downtrend begins to run out of steam and selling momentum, the first-ever crypto asset has been trading within an increasingly tightening trading range, between lows or $6,400 to highs of $7,600.But as volatility disappears from the cryptocurrency market, the next move, while not necessarily near, will be an extremely aggressive one according to...Read More
