Bitcoin’s bulls have lost the overwhelming strength they incurred yesterday when they propelled BTC off of its recent lows of $6,400, as the crypto has now lost nearly all of the momentum that it incurred during the course of this fleeing rally.It is important to note that this recent rally marked an ardent defense of...Read More
Institutions have long been looked upon by Bitcoin and crypto investors as a mysterious force that would help catalyze the next major bull run. Throughout 2019, however, there was much less brazen institutional involvement than was previously expected, which greatly disappointed embattled investors.In spite of this, a recent report from a digital asset management group...Read More
Making cryptocurrencies more useful and usable is a key challenge. Simplex has come up with a way to integrate bitcoin in Telegram, albeit not with a traditional mindset. More specifically, this feature allows users to buy and sell bitcoin over Telegram. Simplex Makes Buying Bitcoin Easier All users need to do is interact with the...Read More
2019 has been a wild ride for the cryptocurrency industry. After going below $6.5k, Bitcoin underwent an aggressive rally on 18 December and surged over $7k, with the king coin continuing to exhibit high volatility. According to a recent report by LongHash, the intra-month volatility of cryptocurrencies and crude oil was found to be much...Read More
In less than six months’ time, Bitcoin will see an extremely important event. Known as a “halving” or “halvening,” the number of coins issued per block to miners will get cut in half from 12.5 to 6.25, effectively meaning that BTC’s inflation rate will be cut in half in layman’s terms.Related Reading: Don’t Withdraw Bitcoin...Read More
Bitcoin‘s falling price is currently manifesting into a domino effect for all its fundamental statistics. After its mid-year bull surge, Bitcoin’s valuation has acclimatized itself to the lower ranges of the charts over the past two months. After peaking on 26 June, Bitcoin remained above $10,000 for a major part of the following 88 days...Read More
A little bit of drama involving cryptocurrencies can generate a cascading effect. In Australia, a viral video demonstrating a TravelByBit double-spend attack has many retailers worried. The viral video shows only how this particular payment processor is affected. A Troublesome Development for TravelByBit TravelByBit supports both Bitcoin and Bitcoin cash at this time. However, it...Read More
Bitcoin price may be dropping deeper into a downtrend over the course of the last few months, but the first-ever cryptocurrency is actually much closer now to fair market value than it has been throughout the year.The post appeared first on NewsBTCRead More
By Scott Shapiro, Group Product Manager Introducing: Refreshed Home screen — your front page of the cryptoeconomy Updated Portfolio tab — delivers more personalized insights about your investment performance Expanded market insights — dynamic updates based on overall market and individual crypto price movements New Coinbase app Home on iOS Millions of people turn to...Read More
Things are not looking Merry for Ethereum over this Christmas period. After initially being one of the standout performers of 2019, ETH’s valuation suffered owing to major slumps over the past two months. However, despite losing all its positive yield in 2019, Ethereum’s current price may be highlighting a long-term trend reversal for the world’s...Read More
The ongoing legal dispute between the self-proclaimed creator of crypto, Craig Wright, and the estate of his former business partner, Dave Kleiman, is far from over. The latest filing is sure to confuse, enthuse and amuse you in equal measure, as it lays out a memorandum of joint discovery before the case heads back to court. Thought...Read More
DeFi, or decentralized finance, is an essential part of an open financial system. DeFi tools are censorship-resistant, unbiased, and available to anyone with a smartphone. That’s why for this winter’s hackathon, we focused on bringing DeFi to the world. Hackathons are a critical part of Coinbase’s culture. They’re a great opportunity for anyone to pursue...Read More
Crypto-mining equipment manufacturing firm, Bitmain, has been all over the news following the controversial change in its management. It made headlines after Co-founder Jihan Wu took over as CEO, with Micree Zhan ousted from the company. Bobby Ong, Co-founder of CoinGecko, spoke about the same and the Bitcoin halving after he appeared in a recent...Read More
Binance Singapore has purportedly abruptly suspended a Bitcoin withdrawal from a trader using a wallet with a coin-mixing service, a harsh reminder that large exchanges aren’t the best place to hold coins if one values anonymity and accessibility. The post appeared first on NewsBTCRead More
The cryptocurrency market is has a wild west atmosphere, rife with hackers, cybercriminals, and scammers galore.The post appeared first on NewsBTCRead More
2019 has been quite the year for assets across the board — from Bitcoin and equities to gold and real estate, a majority of investments have made gains since January 1st.Related Reading: Here’s How Bitcoin Price Could Hit $20,000 By as Early as March: AnalystAn interesting trend to watch this year has been gold’s strong...Read More
Bitcoin stabilized above the $7,000 support level on Thursday, as the number one cryptocurrency continues to hold onto Wednesday trading gains. Altcoins moved into positive territory, with Maker, Waves, Ravencoin and Theta leading the advance. The Crypto Fear & Greed index, which analyzes market participants’ emotions and sentiment, recovered from a 3-month low, but continues...Read More
Lacking any central authority for either issuance or custody, Bitcoin has often been described as resistant to confiscation. Recent news out of Hong Kong highlights the importance of such qualities, particularly in an increasingly divided world.Authorities in the Chinese Special Administrative Region have frozen almost US$9 million of donations received by protesters in Hong Kong....Read More
The U.S. Securities and Exchange Commission (SEC) has proposed amending the definition of “accredited investor” — a move that will increase access to regulated cryptocurrency investments. A number of them are currently only available to accredited investors. Among other changes, a person can qualify based on professional knowledge, experience, or certifications. Also read: Lagarde Sees...Read More
Bitcoin volatility makes a stunning return. The “extreme fear” countertrade is back on the table. Bakkt futures record all-time highs. Bitcoin’s recent rise has sparked new hopes for BTC just in time for the holidays. Here are several signs that may indicate a Santa Claus rally is on its way. Bitcoin has been anything but...Read More
Chicago Mercantile Exchange Group’s cash-settled Bitcoin Futures contract has been up and running for the last two years now and as it celebrated its second anniversary, the CME Group noted an increase in growth in volume and customer interest. As of 17 December 2019, approximately 2.5 million contracts had been traded on CME since its...Read More
A sudden bounce back led bitcoin to register its biggest daily gain in seven weeks.Earlier this week, the cryptocurrency had fallen by up to 9.91 percent on Coinbase exchange.The latest push upwards flashes an interim bullish setup.Bitcoin on Wednesday surged by more than 10 percent to register its biggest daily gain since October 25.The leading...Read More
The Amended Directive to the Fourth EU Money Laundering Directive will go into force in Germany on January 1, 2020. Some of the key changes affect how the German Banking Act and Payment Supervision Services Act relate to crypto. Crypto-Assets Are Now Financial Instruments The new law defines crypto-assets in a somewhat unwieldy manner: digital representation...Read More
The global peer-to-peer Bitcoin marketplace, Paxful, has revealed it processed almost $1.6 billion in P2P Bitcoin trades in 2019, representing a gradual uptrend since its inception in 2015. Prices May Be Subdued, But Paxful Is On The Rise Announcing its annual growth metrics on the same day as revealing the company’s historical figures dating back...Read More
Bitcoin price strongly defended a key support dating back to 2015. It rose by more than $1,000 in 24 hours, marking a potential generational bottom. Positive sentiment can be carried over to early 2020, unlike late 2018. The bitcoin price has strongly recovered after testing the $6,400 support level. Following a $1,000 increase, a “generational...Read More
Stablecoins have shaped the fabric of how cryptocurrency transactions happen. The idea behind a stablecoin might have arisen out of necessity, to have an easier way to access cryptocurrencies. However, it has since radically morphed and evolved, while still addressing the initial needs. Even though there were multiple stablecoins before Tether, it now holds the...Read More
The Bitcoin network keeps improving in multiple parameters, and this time, mean block size peaked, carrying the heaviest set of transactions on record. Block Size Growth Remains Organic A Bitcoin block has a variable size, though relatively small blocks usually propagate. There is no target or limitation, and the Bitcoin network has not set out...Read More
The French financial markets regulator, the Autorité des Marchés Financiers (AMF), has made its first initial coin offering (ICO) approval. While token sales remain legal as a fundraising option in France, only those that have been approved by the AMF may be marketed directly to the public. Also read: France Adopts New Crypto Regulation France’s...Read More
Concealed crypto mining – using infected computers to produce hashes for specific types of coins – is using more ingenious methods to hide from operating systems. The latest exploit involves an infected image of Taylor Swift. Sophos Labs Discovers Botnet in Taylor Swift JPEG Analysis by Sophos Labs, a digital security firm, shows hackers are...Read More
Venture capitalist Tim Draper has come out to say that Bitcoin will reach $250k by early 2023. His comments bring hopium at a time when investors are still smarting from what has been a testing period, these past few weeks.Bitcoin investors relievedInvestors breathed a collective sigh of relief as Bitcoin managed to reverse the sliding...Read More
