As NewsBTC has covered over the past few weeks, a debate has erupted around Bitcoin’s impending block reward reduction. Informally known as the “halving” or the “halvening,” every four years the number of BTC issued per block (every 10 minutes or so) gets cut in half, resulting in a negative supply shock on the market.Analysts...Read More
In less than six months’ time, Bitcoin will see an extremely important event. Known as a “halving” or “halvening” — depending on who you ask — the number of BTC issued per block (every 10 minutes or so) will get cut in half from 12.5 to 6.25, effectively meaning that BTC’s inflation rate will be...Read More
Be it South African Reserve Bank’s [SARB] calls for solutions providers for the creation of a digital currency that would allow consumers to transact without a bank account or Bitcoin’s interest spiking in the African nations, as cited by the Google Trends data, Africa’s crypto market is thriving. Talking about the latest OKEx Africa Cryptotour,...Read More
Following the consensus reached at the G20 leaders’ summit on the importance of discussing better governance for the decentralized financial ecosystem, Japan’s top financial regulator is hosting a global blockchain conference to discuss the subject. The regulator is welcoming stakeholders from around the world to participate, including other regulators, open-source software developers, university researchers, and...Read More
Bitcoin may be trading at prices that seem low in comparison to the crypto asset’s all-time high price or $20,000, or even its recent local high of nearly $14,000 but in reality, it’s the best performing investment of the last decade.Let’s see how the number one cryptocurrency by market cap, and even the number two...Read More
Most of the commodities, stocks, and bonds staged an outstanding run in 2019. But the traditional asset classes still fell short before a stronger and a more offbeat contender: Bitcoin.The benchmark cryptocurrency, which more or less functions as a “decentralized” payment startup, underwent a dreamy bull run during 2019’s first and the second fiscal quarter....Read More
After having a gloomy Christmas, the only relief for traders today is that Bitcoin is still holding support at the $7200 region. After touching $7,700 a few days ago, BTC is currently trading above $7,200. A decline below $7,000 will, in no doubt, be stressful for traders who are already disappointed with the Christmas market...Read More
This year will be one to forget for the majority of cryptocurrencies which are ending it lower than they began. 2020 could be fundamentally different though and here’s why. A Brighter Future For Cryptocurrencies Total crypto market capitalization is currently 50% higher than it was this time last year, however that is largely bitcoin’s doing....Read More
Bitcoin (BTC) has been rising relentlessly in the first decade since its Genesis block. But now, the price may be entering a stage where new price moves are uncertain. Bitcoin Average Price Move in Bullish Direction Looking at average prices paints a bullish picture over the years-long frame. Bitcoin prices have moved through several waves,...Read More
Recent widespread video removals have crypto Youtubers searching for greener and more dependable pastures for content production. While reports have since emerged of Youtube claiming the incident was an accident, and that videos are now being restored, the “Christmas Crypto purge” of 2019 has nonetheless burnt an indelible memory into the minds of dedicated Youtubers....Read More
Bitcoin price could hit $100,000 in three years, according to an analyst. | Source: Shutterstock.com Dave the Wave tells CCN that he sees $100,000 by late 2022 as long-term bitcoin target. The analyst previously predicted BTC’s bottom in the $6ks. The same parabolic line since 2011 has remained in tact through the years, indicating a...Read More
China has been exhibiting its interest in blockchain technology and with the digital yuan, the country has surely turned heads. Apart from this, China has been dominating the Bitcoin mining space. However, the latest news from the country shows the ugly side of the same. Recently, Chinese authorities have reportedly seized about 7,000 cryptocurrency mining...Read More
The consolidation for the entire month of December has continued for Bitcoin as it holds above key support. If the next moves down are similar to the previous ones however it could soon be as low as $5,000 according to one analyst.Bitcoin Consolidation ContinuesFor another day BTC has held above $7,000 as its sideways trading...Read More
Bitcoin price is just holding the key $7,120 and $7,000 support levels against the US Dollar.A bearish break below the $7,000 support could start a short term downtrend.There are two bearish trend lines forming with resistance near $7,240 and $7,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is likely...Read More
Cryptocurrency regulation remains a controversial topic in different regions. Many hope to see some sort of solution emerge out of China, and it may be closer than one may think. Bitcoin and other digital assets have proven very difficult to regulate in many different ways. China and Bitcoin Regulation Primarily Chinese officials seem to struggle...Read More
Many people wonder what the future will hold for bitcoin payments. As numerous supporters no longer deal with BTC in 2019, that outlook remains uncertain. A lot of companies have tried to accept bitcoin payments in recent years. Bitcoin Payments Remain a Problem in 2019 Some companies stick with that decision, whereas others bow out...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, a popular analyst is convinced that the future is bright for BTC. He...Read More
For some reason or another, discussing Bitcoin at the Christmas dinner table has become somewhat of a meme. Christmas, after all, is when you spend time with the closest people in your life, the people who may listen to your drunk ramblings about the potential of blockchain or why a certain cryptocurrency (or investment for...Read More
After losing its footing the previous week, most major cryptos tumbled and were trying to recover. While most crypto assets are down over the past week, bitcoin managed to gain 5% of its value back, after Tron which noted a 7% recovery. However, other altcoins like Tezos [XTZ], still have a long way to go...Read More
Since Bitcoin (BTC) bounced cleanly off the macro $6,400 support earlier this month, analysts have been wondering if the pain is over for the cryptocurrency market. According to two key trend indicators, which predicted previous bear markets and bull markets, the medium-term to long-term trend remains bearish, unfortunately enough.Related Reading: CME Futures Data: Institutions Still...Read More
On January 3, 2020, the Bitcoin network officially turns 11 and the technology has transformed the lives of many. Since blockchain’s inception, scholars and economists have rigorously studied and written thousands of academic papers covering the subject. In 2019, there were more than 13,700 academic papers and Google Scholar articles published that mention the Bitcoin...Read More
For months now, crypto investors have been asking if the Bitcoin (BTC) bottom is in. While the answer has mostly been no over the past few months, a number of analysts are becoming certain that the drop to $6,400 seen earlier this month was the final bout of decisively bearish price action this cycle.Related Reading:...Read More
Bitcoin’s market reflected signs of recovery in the past week, after being worn down most of December. Although the BTC market cap was still down week-over-week, its estimated hash rate grew by over 10%. However, the hash rate of altcoins like Ethereum [ETH], Litecoin [LTC], and Bitcoin Cash [BCH] dropped by almost 2.9%, with ETH...Read More
Many factors influence the popularity and value of bitcoin. When looking at the overall network hashrate, the current situation doesn’t look half bad. In fact, bitcoin’s mining power reached a new all-time high earlier this week. Bitcoin Hashrate Grows Seems Unstoppable It only seems like a year or two ago when seeing bitcoin pass 1...Read More
The cryptocurrency market in 2019 underwent a rough journey, with major cryptos riding the tides one moment, and collapsing the other. Bitcoin, that noted triple digits YTD returns until earlier this year, remained profitable with 86% yield, at press time, to the investors. The price of the coin peaked in 2019 at $13,880 on 26...Read More
Christmas has arrived and so have cryptocurrency giveaway scams with their enticing offers on YouTube. Giveaway scams are no new tale to tell in the cryptocurrency market. It’s been plaguing the space for years, even forcing notable crypto-influencers to alter their display name to include ‘non-giver of crypto’ or those that clarify they do not...Read More
People often criticize Bitcoin for its volatility, not realizing that the coin is still in development, but investing in it is investing in a better future. Bottoms Up When it comes to Bitcoin investments, a lot of people may have a wrong idea regarding what to expect. The fact is that Bitcoin still has its...Read More
2019 was marked by numerous events in the crypto industry, some of which could be considered quite significant and major fails. With 2019 being only 6 days away from its conclusion, it might be interesting to take a look back on this year, and see which events related to the crypto industry may stand out....Read More
The Chief Strategy Officer of CoinShaes, as well as one of the most prominent cryptocurrency proponents, Meltem Demirors, has spoken her thoughts on the upcoming Bitcoin Halving. According to her, it might not have the uplifting effect that a lot of the people seem to expect because the Bitcoin derivatives market is growing, causing more...Read More
Last year’s holiday season wasn’t the best time for Bitcoin holders. For those who missed the memo, in November and December of 2018, the leading cryptocurrency tanked, falling off a proverbial cliff as investors capitulated, liquidating their BTC holdings in search of greener pastures. In fact, within a four week period, Bitcoin had entirely capitulated,...Read More
