Bitcoin, also known as “digital gold,” has outperformed gold every year since 2011. Given the large discrepancy in the market capitalization between bitcoin and gold, bitcoin has more potential to grow over the short to medium term than gold. So far into 2019, contrary to popular belief, bitcoin has failed to demonstrate the characteristics of...Read More
Bitmain, a leading bitcoin miner, has secretly filed for an IPO that is sponsored by Deutsche Bank, a German multinational company, as reported by Tencent News. The company has been struggling to bounce back since crypto winter. The black swan event dampened demand for cryptocurrency mining machines, causing profitability to plummet. The reported secret filing...Read More
Hackers have breached the computer network of South Africa’s commercial capital Johannesburg in an attempt to ransom the city for Bitcoin. Consequently, the city has shut down its website and suspended all e-services as a ‘precautionary measure’. At the time of writing the city’s website was still inaccessible. The city of Johannesburg’s official web portal...Read More
The bitcoin price has plunged by nearly 10% on Wednesday to fall near a 5-month low. After flirting with a move to the upside above $8,000, the leading cryptocurrency dropped sharply below to just under $7,500. Bitcoin price chart | Source: TradingView Other major-cap cryptocurrencies also followed Bitcoin’s spiraling crash by falling between 4% and...Read More
The more prevalent bitcoin ransomware attacks become, the merrier it gets for insurance firms that offer cyber-liability insurance coverage. The City of Baltimore has become the latest example of this emerging trend. According to The Wall Street Journal, city officials on Wednesday authorized the purchase of cyber-liability insurance coverage worth $20 million. The Maryland city...Read More
It’s safe to come out now, says Andreas Antonopoulos, the threat posed to bitcoin by Google’s newfound “quantum supremacy” is “zip, bupkis nada.” In one of his typical Q&A sessions, blockchain expert and author, Antonopoulos shared his thoughts on the supposed jeopardy BTC faces from Google. Spoiler alert: he isn’t concerned. According to Antonopoulos, Google’s...Read More
Bitcoin trading seems to have relaxed a bit following Monday’s recovery, when the price of BTC went from $7,790 to close the day above $8,200. Since then, Bitcoin has not been able to break through the small and, frankly, boring horizontal channel of roughly $200, bouncing between $8100 and $8280—once again providing a signal to...Read More
Bitcoin’s fall from grace over the last few days has emboldened bears to come out of hiding. Calls for a plunge to $7,000 and below are overwhelming social media channels. It appears that in one bearish push, all the hard work that the bulls put in this year has gone out of the window. The...Read More
The bitcoin price (BTC) fell by more than 23 percent against the U.S. dollar in the past week, triggering a fierce correction in the cryptocurrency market. Since falling to $7,700, the bitcoin price has recovered to $8,200, critically avoiding a steep drop to the low $7,000 region to test low-level supports in the short term....Read More
Conspiracies concerning the manipulation of bitcoin futures may now have some grounds, as researchers claim to have found a “striking systematic trend” between BTC price action and futures expiry dates. Cries of foul play surrounding CME’s bitcoin futures contracts are almost as old as the derivatives themselves. For months, the expiration date of the cash-settled...Read More
Arthur Hayes, the CEO of BitMEX, the most widely utilized BTC margin trading platform, has opined Satoshi Nakamoto, the creator of bitcoin, is likely dead. “I think they’re already dead,” said Hayes about Satoshi, adding that he does not believe the identity behind the creator of bitcoin will ever be revealed. Satoshi is said to...Read More
Warren Buffett isn’t much of a bitcoin fan. He’s called it rat poison squared, a gambling device, delusional, and a seashell with no inherent value. But, if he wanted to, he could become the biggest bitcoin whale of them all. Buffett could buy two-thirds of the existing BTC supply… in cash. Warren Buffett’s investment firm...Read More
The results of a cryptocurrency survey conducted by the Dutch banking group, ING, revealed a significant lack of appetite for Facebook’s Libra, and its designated use case: Sending payments across social media. Taking 15,000 Europeans, from 15 distinct countries, the survey collated Europe’s sentiment around digital currencies. Questions ranged from the future of cryptocurrencies to...Read More
North Korea’s notorious state-sponsored hacker team Lazarus Group – the one responsible for stealing more than $500 million from Bitcoin exchanges around the world – has finally been sanctioned by the Trump administration. This is over a decade since the outfit was created by the rogue state. In a press release, the Office of Foreign...Read More
Banking, in the traditional sense of the term, has become a financial burden for account holders in regions where the era of subzero interest rates has already set in. European nations like Sweden, Denmark, Switzerland, and Eurozone countries have been in negative territory for some time, and banks there have started passing the burden to...Read More
With worldwide politics in disarray, and even the weather seemingly conspiring against humanity… Is it time to take our Bitcoin stash and move into a remote bunker yet? Bitcoin Price: Finally On The Up Again? After several weeks of consolidation, it feels like bitcoin price may finally be heading upwards again… until the next dip, that...Read More
The greatest threat to America’s democracy might not be the Russians, according to former Congressman Ron Paul. In an episode of his weekly Freedom Report, the occasional presidential candidate and supporter of the cryptocurrency movement spoke against the Federal Reserve’s potential influence over American elections. [embedded content] According to Dr. Paul, the authors of the U.S....Read More
Elon Musk insists that Tesla solar panels and roofs are “unequivocally a guaranteed instant money printer,” despite the recent fires they reportedly caused. | Source: (i) Reuters (ii) AP (iii) Shutterstock ; Edited by CCN Elon Musk insists that Tesla solar panels and roofs are “unequivocally a guaranteed instant money printer” despite the recent fires...Read More
Bitcoin price makes a retreat on Sunday’s trading. | Source: Shutterstock The bitcoin price dropped from $10,968 to $10,252 over the weekend within a two-day span by more than six percent against the U.S. dollar. Bitcoin price dropped by more than six percent since weekly high at over $10,900 (source: coinmarketcap.com) Previously, when the bitcoin...Read More
Considering the ongoing participation of government organizations in building private crypto assets, a recently published research paper details on the use of “private digital currencies” and its implications on the current society. Although Facebook’s Libra initiative witnessed a red flag from the U.S. government, numerous countries have begun experimenting with in-house options for evading the...Read More
Today was a weird day for the crypto markets. For the first time in seeming months, altcoins dramatically outperformed Bitcoin — managing to gain multiple percent on the market leader.While Bitcoin has gained 2.5% over the past 24 hours, leading altcoins, including everything from Ethereum and EOS to Monero and Chainlink, have rallied higher by some...Read More
Major cryptocurrency exchange Binance’s United States-based branch Binance.US will launch in the coming weeks, preceded by Know Your Customer (KYC) registration a few days earlier. According to a Medium post published by Binance.US on Sept. 6, while the launch of the trading platform itself is expected in the following weeks, KYC onboarding will start a...Read More
Blockchain technology will most likely be standardized by 2021, according to American business and financial services company Moody’s. Per the research report published on Sept. 5, these standards will probably be established in the blockchain industry by 2021 and will be positive for “future securitisations using the technology.” The company claims that this could result...Read More
Buying a new car is always a thrill. Purchasing a luxury vehicle, a roadster or a classic even more so. But such an enjoyable acquisition is usually accompanied by time consuming formalities. When all you want is to sit behind the wheel as soon as possible, these additional steps can be a nuisance for most...Read More
Tesla CEO Elon Musk has challenged Porsche at the iconic Nürburgring. | Source: Photo by Frederic J. BROWN / AFP Elon Musk loves a contest. The Tesla CEO has been all worked up over Porsche’s Taycan Turbo, the German automobile manufacturer’s first production electric car. Um @Porsche, this word Turbo does not mean what you...Read More
There was a steady rise in bitcoin price above the $10,500 resistance against the US Dollar.The price is currently correcting lower after it traded to a new monthly high close to $11,000.There is a key bullish trend line forming with support near $10,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).There...Read More
Over the past week, Bitcoin (BTC) has finally managed to mount a comeback, rallying from the local low of $9,300 to $10,500 as of the time of writing this.However, one analyst recently pointed out that this price action only confirms the idea that the cryptocurrency market may soon undergo another retracement — one that could...Read More
Over the last 24 hours, cryptocurrency enthusiasts have been discussing a transaction that saw 94,000 BTC sent to an unknown wallet. The hoopla over the large transaction shows how things have changed significantly over the last decade. Back in cryptocurrency’s early days, between 2010-2012, large bitcoin transactions like this weren’t such a big deal and...Read More
Japan, one of the leading markets for cryptocurrencies, has seen a series of important developments for the cryptocurrency and blockchain industries this week. The country’s financial regulator, the Financial Services Agency (FSA), has licensed crypto-related businesses. Japanese Deputy Prime Minister and Finance Minister Taro Aso noted that regulators need to find new approaches to address...Read More
Madden NFL 20 continues its run of success, landing the top spot in U.S. digital PlayStation 4 sales for the second consecutive month. | Photo by Mark RALSTON / AFP Madden NFL 20 topped the charts for U.S. digital sales of PlayStation 4 games for the month of August, making it the best-selling title for...Read More
