Another week, another of Crypto Tidbits. At long last, the Bitcoin price saw some bullish action this week, gaining some 10% over the past seven days according to Coin360.io. While BTC is trading 4% lower from its weekly highs, analysts are starting to believe that the trend for the cryptocurrency market is finally pointing upward...Read More
Bitcoin’s recent surge up to highs of over $10,800 drastically shifted the overall market sentiment and had led many investors and analysts alike to believe that BTC was highly likely to move past $11,000.BTC’s subsequent drop from these levels, however, invalidated this perceived bullishness, and now a prominent analyst is explaining that Bitcoin is currently...Read More
Saturday, Sept. 7 — Bitcoin (BTC) is trading sideways after falling short of the resistance at $11,000 yesterday, while Ether (ETH) is making a slight recovery from its dip earlier this week Market visualization. Source: Coin360 Bitcoin has been trading in a range around $10,400 today. Yesterday it appeared that the coin would finally cross...Read More
Over the past few months, a trade war has been raging between the U.S. and China. Throughout this, Bitcoin (BTC) has managed to post stellar gains, rallying by some 100% since the latest leg of this dispute began.While many believe that this is nothing but a coincidence, data is starting to show that the trade...Read More
The German-speaking world continues to see lots of developments in the crypto industry, with the German government clarifying proposed regulations, Switzerland adding a new blockchain hub, while Bitcoin (BTC)-scammers are using Austrian celebrities in fake crypto ads. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph auf...Read More
The Spanish-speaking world saw some major developments this week with Spain introducing a reinforced authentication system for payments, Mexico giving fines up to $47,000 for the unauthorized use of crypto and a South Korean blockchain delegation visiting Peru. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph...Read More
Anthony Pompliano is well known in the crypto-community as a massive Bitcoin proponent. In the latest episode of his Off The Chain podcast, Pompliano interviewed Michael Goldstein, President of the Satoshi Nakamoto Institute. The pair discussed the current state of Bitcoin and how it has progressed over time, for everyone in the community. Goldstein stressed...Read More
An analyst found that major downturns tend to be healthy for the overall bitcoin price trend. Another analyst explains that 2019 may be a good year for BTC. | Source: Shutterstock Many armchair traders are so focused on the short-term price movement of bitcoin that they forget to look at the big picture. For instance,...Read More
Filing crypto taxes can be quite tedious and frustrating, as the process requires data from every exchange account and wallet you have ever used for a transaction. This is exacerbated by the fact that crypto is so new that the tax rules are not very clear to the average investor. As a result, mistakes in...Read More
September 7, 2019 37 Views Wikipedia had fallen victim to a cyberattack today, with the Wikimedia Foundation calling it a distributed denial-of-service (DDoS) attack. | Source: Shutterstock Wikipedia had fallen victim to a cyberattack today, with the foundation behind the free online encyclopedia calling it a distributed denial-of-service (DDoS) attack. The volunteer-run website was unavailable...Read More
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Bitcoin traders are gradually increasing their exposure to Bitcoin on futures trading platform BitMEX. ” data-reactid=”19″>Bitcoin traders are gradually increasing their exposure to Bitcoin on futures trading platform BitMEX. <p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="BitMEX’s main trading pair—XBT (which represents Bitcoin) against USD—has a current open-interest of...Read More
Nintendo has released a teaser trailer for an upcoming fitness-meets-gaming Switch accessory that despite first impressions isn’t some elaborate gag. | Photo by Frederic J. BROWN / AFP Nintendo is known for fostering its very own unique flavor of weird, and its latest offering taps generously into that rich tradition. The company has released a...Read More
2019 has been an incredibly important year for digital currencies. The collective cryptocurrency market broke away from the bearish winter and digital assets have again started to gain attention from various financial institutions and personalities. In fact, the President of the United States also called out Bitcoin and Facebook’s Libra at one point of time,...Read More
Bitcoin (BTC) has been on an absolute tear in 2019 so far. The cryptocurrency has gained hundreds of percent on its bottom of $3,150, as have a majority of altcoins.However, this market’s rally might not be done yet. According to a pioneer of Bitcoin, Adam Back, BTC surging by another 400% is “not far off”....Read More
The hype of ICOs in 2017 was downright crazy. Bitcoin was in a state of peak performance and hitting new highs every day, and the trend of ICOs evolved with it. Investors were making enormous returns on their investments and the huge interest ended up giving rise to scam ICOs which had zero credibility in...Read More
Bitcoin price fell sharply on Saturday after failing to break beyond $11,000. | Source: Shutterstock The bitcoin price abruptly dropped by more than five percent $10,949 to $10,204 in the past 24 hours at a point which technical analysts described as a critical moment for bitcoin. The bitcoin price has dropped by more than $500...Read More
As bitcoin price remains in its range-bound channel, other indicators are slowly turning bullish for the king of crypto. BTC has held on to five figures as we begin the weekend and bigger things could be in store as open interest mounts up. Binance and BitMEX Building Up Bitcoin Looking at on-chain flows for the...Read More
Ransomware extortionists get counter-offered to zero. | Source: Shutterstock When ransomware attackers targeted the city of New Bedford, Massachusetts, two months ago demanding $5.3 million in Bitcoin, they must have felt very confident when turning down a counter-offer of $400,000 that the city presented. That feeling probably turned to regret soon thereafter as it has...Read More
Huobi University, the research and education arm of cryptocurrency exchange Huobi, announced its collaboration with the University of Gibraltar on various blockchain initiatives. On Sept. 5, Houbi Group, the parent company of both Huobi University and Huobi exchange, announced what the firm describes as its “first formal collaboration with a Western university.” As Cointelegraph reported...Read More
Photo: Shutterstock Why? Because all purchases are online and these payments need to be very fast to process, just that is one of the main characteristics of cryptocurrencies. Now let’s see, is it really worth the effort? Development of the Videogame Industry The gaming industry is no longer a niche arena for a certain age...Read More
Cryptocurrency exchange Coinbase and Ripple, the blockchain startup behind XRP, have fallen out of the top 10 of this year’s business and employment-oriented service Linkedln’s “The 50 hottest U.S. companies to work for” list. According to the new LinkedIn’s list published on Sept. 4, Ripple moved to the 28th place (was seventh in 2018) while...Read More
Bakkt Warehouse custody opened yesterday, as clients were able to deposit Bitcoin funds into the accounts. However, minutes after the tweet announcing the opening, the price of Bitcoin dropped by $700 — a classic example of buying the rumor, selling the news. Let’s take a look at the charts to see where the market is...Read More
Bakkt picked a tough day to begin securing assets, but it’s still been on bitcoin’s highlight reel in 2019. | Source: Shutterstock Bakkt has been hailed as the leading catalyst for the bitcoin market this year, while visions of institutional capital danced in the crypto community’s collective heads. Today the bitcoin futures exchange made one giant...Read More
The Takeaway: Crypto lending startup Celsius raised $50 million in a token sale in 2018. Lending volume has surged since then, with 10,415 Celsius users taking out fiat loans after locking in crypto collateral. BitGo confirmed to CoinDesk that it held $1 billion worth of crypto deposits from Celsius over the past year. CEL tokens...Read More
Scalability is an issue that has been used against Bitcoin for a long period of time. Bitcoin currently lords over the market with a dominance of 70.9 percent at press time, but people from the community continue to raise arguments against its inefficiency to facilitate faster transactions. The world’s largest cryptocurrency hasn’t been quiet either....Read More
China’s upcoming digital currency is reportedly going to be very similar to Libra in terms of network design, but it will take a more holistic approach to find harmony between money-laundering prevention and anonymous payments. EJ Insight reports that the country initially set up a research team to launch a digital currency back in 2014,...Read More
Bakkt picked a tough day to begin securing assets, but it’s still been on bitcoin’s highlight reel in 2019. | Source: Shutterstock Bakkt has been hailed as the leading catalyst for the bitcoin market this year, while visions of institutional capital danced in the crypto community’s collective heads. Today the bitcoin futures exchange made one giant...Read More
The hype surrounding the imminent launch of Bakkt’s physically settled Bitcoin futures platform may not be unwarranted, as it now appears that some of the biggest BTC whales in the market are transferring their massive holdings into Bakkt’s warehouse custody solutions.Assuming that the platform’s launch is met with great utilization, it is highly probable that...Read More
Swiss National Bank (SNB) President Thomas Jordan said that stablecoins pegged to foreign currencies could hamper Switzerland’s monetary policy in some circumstances. Cryptocurrencies’ limited use as payment instruments On Sept. 5, Jordan spoke at the University of Basel, saying that he is convinced that cryptocurrencies are of limited use as payment instruments, stores of value...Read More
Friday, Sept. 6 — The Bitcoin (BTC) price is holding around the $10,400 price mark after the largest cryptocurrency got rejected in its attempt to break $11,000. Market visualization. Source: Coin360 Bitcoin was well on its way to the $11,000 price mark, hitting an intraday high of $10,895 when it lost $400 in less than an...Read More
