Bitcoin started its 2019 journey being valued at around $3k. With time, however, the BTC market reflected strong bullish momentum that carried the coin to its yearly peak at $13k. However, this wave of bulls receded once the bears approached the market. The coin that was once speculated to surpass $20k fell and was valued...Read More
Craig Wright talks to CCN about the latest developments in the cryptocurrency industry. | Image: YouTube/University of Exter Purported bitcoin creator Craig Wright takes aim at YouTubers, HEX’s Richard Heart and crypto pumpers. Self-proclaimed Satoshi Nakamoto paints a very different picture of bitcoin’s future than is found in crypto circles. Says miners will eventually be...Read More
A misguided euphoria rising from the “phase one deal” between the US and China could help bitcoin becoming one of the most profitable investments in 2020.The offbeat asset has been pursuing a flat trajectory ever since Washington and Beijing reached an initial agreement. It spent its entire December in a tight range defined by $7,000...Read More
With the dry season approaching, Bitcoin miners in China’s Sichuan province may be forced to reduce their electricity consumption. Prioritizing Communal Electricity Needs Over Crypto Miners According to Asia Times, authorities in Sichuan Province, China, are reportedly leaning on Bitcoin miners to cut down electricity consumption. This news comes amid the dry season in Southwest...Read More
It was December 17, 2017, when Bitcoin hit its all-time high, and nearly a month later on January 12, 2018, Ethereum peaked at $1,400 per crypto token.The post appeared first on NewsBTCRead More
How regulators see Bitcoin is more important than how the market sees it. With Bitcoin surging by over 250 percent this year, 2019 has been a busy year for the cryptocurrency market. One of the busiest parties in the market were the regulators, particularly the Securities and Exchange Commission [SEC]. Unlike the previous year where...Read More
The number of Bitcoin ATMs has risen by around 50% in 2019 to hit a total of 6384 according to CoinATMRadar. But have you ever met a person who actually uses one, and if so, who, and why? Who Is Using All These Bitcoin ATMs? December 2019 was a momentous month for many reasons, perhaps...Read More
An unknown mining pool controls 70% of Bitcoin Cash (BCH)’s hash-rate, leaving it ripe for a 51% attack. | Source: Photo by Lars Hagberg / AFP; Edited by CCN Unknown miners currently account for 69.44% of the Bitcoin Cash hashrate. Established mining pools have disappeared completely. Others had their network influence cut in half. The...Read More
The Bitcoin (BTC) market will have another source of risk – trading in options. The intention of derivative instruments is to hedge the risk for owners, or potential buyers. But trading option positions holds an additional risk of its own. Bitcoin Options Exposure Expected to Grow Next Year Options exposure is growing, as the markets...Read More
Bitcoin (BTC) hasn’t done too hot over the past few months, plunging some 50% since the June top of $14,000. The selling has stopped over the past few weeks, with the price of the leading cryptocurrency flatlining in the low-$7,000s.Related Reading: Bitcoin Fixes This: Top Bank Chief Says Monetary Policy is FailingConsidering the price action that...Read More
Bitcoin Options are gaining traction as new derivatives exchanges are adding improved products to attract more users. One such exchange is Deribit, an exchange that provides Bitcoin Options trading. The exchange saw a loss in Open Interest after its December expiry from $489 million to $202 million. The BTC Options contract on Deribit expires each...Read More
The size, liquidity, and growth of crypto markets are still in its infancy. Even all crypto-related activity is still minimal in comparison to traditional assets. Global Stock Markets Add More Than 3 Times the Total Value of Crypto Assets in a Week Global stock markets continued to rally in 2019, despite some fears of a...Read More
The Indian crypto community has had an eventful year, with a bill on the horizon, the RBI ban’s supreme court hearing, and the community’s efforts toward positive crypto regulation. News.Bitcoin.com interviewed Nischal Shetty, CEO of local crypto exchange Wazirx, about what the Indian crypto industry could expect in the year 2020 and a wide range...Read More
The number of traders who had bullish positions on bitcoin is declining. And it could be significant in determining the cryptocurrency’s next big move.Charts on the Bitfinex exchange earlier showed an almost parabolic rise in long positions, showing that investors expected to profit from a rise in the bitcoin price.Between November 23 and December 23,...Read More
With Bitcoin exchange-traded funds [ETF] still awaiting approval from the U.S. Securities and Exchange Commission, derivatives have become the product of choice for most Bitcoiners. The highly anticipated Bitcoin derivatives platform, Bakkt, finally launched this year and it has since noted record trading volumes. Bakkt’s delayed launch might be the reason for its measured start....Read More
Bitcoin price rallied recently above $7,300 before it ran into $7,500 against the US Dollar.The price is showing positive signs it seems like the bulls aim another test of $7,500.There is a major bullish trend line forming with support near $7,325 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is...Read More
While dozens of the world’s economic leaders participate in extreme monetary easing policy, central banks have also been hoarding gold. Central banks accumulated over 668 tons in gold purchases this year, which is more than 2018’s record numbers. In fact, the key drivers in gold demand this year stemmed from central bank purchases, most of...Read More
The appeal of bitcoin is greater in regions where financial hardship is commonplace. Both Venezuela and Argentina show an increasing demand for BTC as the year draws to a close. It is a well-known fact how Latin American countries struggle financially. Bitcoin Remains Popular in Latin America Those problems are more apparent in Venezuela and...Read More
Over the past few hours, Bitcoin (BTC) has shown strength rather uncharacteristic to its performance over the past few weeks, surging to $7,520 just an hour or two ago. But since then, the price of the leading cryptocurrency has retreated, returning to $7,350 after bulls failed to break through $7,500.Analysts are currently divided over what...Read More
A myriad of factors points to the possibility that the Bitcoin bottom could be in, which comes as the crypto finds itself caught within a firm bout of sideways trading within the mid-$7,000 region, closely on the heels of BTC’s recent bounce from lows of $6,400.One popular crypto analyst recently spoke about these factors, explaining...Read More
An average investor reaching young adulthood in the 21st-century trusts bitcoin more than a three-decade-old bullish stock.So it says in a recent study conducted by Charles Schwab. The U.S.’s thirteenth largest banking firm studied millennial investors’ self-directed portfolios for the year 2019. It found that a majority of them had more exposure to a young...Read More
The past few months haven’t been too kind to Bitcoin. Case in point, since peaking at $14,000 this June, the cryptocurrency has fallen by 50%, tumbling as low as $6,400 due to selling pressure from PlusToken and weak hands.Despite this strong retracement, there is a confluence of technical factors that suggest the medium-term future is bright for...Read More
From governments to mainstream companies, everyone has looked into cryptocurrencies and blockchain. While the industry did welcome many big shots, the price of most cryptocurrencies including Bitcoin witnessed massive price drops this year. As 2020 is just days away, several have been speculating the price movement of the king coin and the other altcoins. Caleb...Read More
Over the past two years, BitMEX, a prominent Bitcoin derivatives platform, has gained much traction within the cryptocurrency trading community; in 2017, most BTC traders kept to trading on spot exchanges, meaning without leverage, though the tides have changed in the past two years as investors seek more profits.Related Reading: BitMEX Research Predicts Bitcoin Trading...Read More
Since plunging to $6,400 around December 18th and rocketing back to $7,000 the day later, Bitcoin has stalled, flatlining in the low-$7,000s as the market remains largely directionless.Related Reading: Why the Bitcoin’s Bearish MACD Cross May Not Plunge PriceBut on Saturday, BTC started to show that it had room to run, with the price of...Read More
2020 has highly-anticipated events like the Bitcoin halving, launch of a state-backed cryptocurrency, Proof-of-Keys event, Ethereum’s Muir Glacier and Berlin, among many. Facebook’s Libra project was supposed to take-off in 2020, but looking at the regulatory whirlpool, Libra is in, the launch may have been pushed for later. However, the introduction of Libra alarmed countries...Read More
UNICEF is a globally recognized nonprofit organization. It too decided to jump on the crypto donation bandwagon, courtesy of The Giving Block. More and more nonprofits see merit in accepting bitcoin donations. UNICEF Sets the Right Example That decision is straightforward, as it is one of a handful of global currencies. More importantly, the cryptocurrency...Read More
When Bitcoin was introduced to cypherpunks in 2008 by Satoshi Nakamoto as a peer-to-peer payment system, it was immediately labeled as a revolution as great as that of the Internet. However, as the cryptocurrency started to garner more attention with each passing day, the shortcomings of the blockchain technology have become more and more evident. ...Read More
So apparently, it was Christmas this week… Did anybody get any bitcoin? Bitcoin Price So we didn’t really get much of a Christmas present when it came to bitcoin price this year. A push at the start of the week took us to $7.6k, but bulls failed to capitalize on that and prices dropped back...Read More
Whenever a year comes to its end, people start reminiscing on the last 365 days, recovering photos and memories, and the same could be expected to happen in the next few days, as this year ends. 2019 though, marks another milestone as the whole decade is coming to a close. While some people might start...Read More