There was a major downward move below the $10,000 support in bitcoin price against the US Dollar.The price is currently correcting higher, but upsides remain capped near $9,800 and $10,000.There is a major bearish trend line forming with resistance near $9,980 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).There could be...Read More
If you told economists twenty years ago about Bitcoin (BTC) and negative-yielding debt, they would be shocked.In the 1990s or even the 2000s, decentralized digital money and a bond that made your money disappear with time would have seemed abstract — quite abstract. Now, however, these two financial trends, which came to fruition mostly over the last...Read More
Self-proclaimed bitcoin inventor Craig Wright plans to challenge judge Bruce Reinhart’s ruling that knocked down his affirmative defenses. | Source: (i) YouTube (ii) REUTERS / Dado Ruvic / Illustration / File Photo; Edited by CCN Self-proclaimed bitcoin inventor Craig Wright plans to challenge the recent ruling against him in the $10 billion lawsuit filed by...Read More
While selling pressure has undoubtedly dissipated, the Bitcoin (BTC) price is still struggling. As of the time of writing this article, the cryptocurrency is trading for $9,550, which is 6.5% lower than BTC was at one week earlier.Related Reading: Prominent Investor Says Bitcoin Has “Failed” As a Safe Haven: BTC Slips 5%But, bulls might get...Read More
Bitwala, a German blockchain-based startup, has announced the launch of an all-in-one platform for banking with Euros, as well as buying and selling bitcoin. With a quick set-up via video verification, the new app will enable users to start banking and trading Bitcoin within minutes. A national identification card, including valid address proof, is required...Read More
This week saw major expansion of crypto payments in Brazil, new standards freeing Bitcoin from Portuguese taxes, and the allegedly fraudulent Grupo Bitcoin Banco’s refusal to pay clients their deposited funds. Brazil’s central bank announced that it would classify cryptocurrencies according to International Monetary Fund (IMF) guidelines on Aug. 26. With the new classification under...Read More
The Spanish-speaking world saw a number major developments this week, with several companies accepting cryptocurrencies as a form of payment and the Venezuelan government making new claims about the use and acceptance of the controversial Petro coin. Here’s the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. Spain:...Read More
Earlier this year, the Samsung Blockchain Wallet was added to their flagship phone, the Galaxy S10. Initially only supporting Ethereum and some ERC20 tokens, the Samsung Wallet now supports Bitcoin, Binance Coin (BNB), and most of the major stable coins. Putting Bitcoin Wallets in Everyone’s hand Now that some of the biggest coins are supported,...Read More
Yesterday, the CEO of Twitter and Square Inc., and staunch Bitcoin and crypto supporter, Jack Dorsey, had his personal Twitter account hacked by the way of a SIM-swap attack and SMS-based backdoor.The hack demonstrates that even the CEO can have his own company’s highly-valuable personal account compromised, and is a painful reminder that if it...Read More
Another week, another of Crypto Tidbits. Bitcoin saw yet another tumultuous week in terms of price action. It fell by over 8% in one day, as bears managed to take control of the market. But, despite this downward price movement, this industry continued to trudge forward.Related Reading: Crypto Tidbits: Bitcoin Hash Rate High, Square Crypto...Read More
Dev House House was out to ruffle some feathers by announcing the release date for possibly the best-titled game ever – Untitled Goose Game. | Source: Christian Petersen / Getty Images / AFP Melbourne-based four-person development team House House was out to ruffle some feathers when it announced yesterday the release date for possibly the...Read More
This week saw twin reports from smart contract startup Simba Chain and blockchain data management firm Constellation, both of whom announced contracts with the United States Air Force. New utility in USAF Judging by these developments, the U.S. Air Force is looking seriously at new tech to shore up supply chains and rearrange data. Simba...Read More
Everything about Bitcoin is heavily steeped in mathematics – defined as the study of quantity, structure, space, and change. Quantity has always been of particular interest to crypto investors and traders – in increasing the quantity of one’s own holdings, and the impact the hard-capped quantity of BTC has on its long-term value.The post appeared...Read More
Exxon Mobil was muscled out of the S&P 500 index’s top 10 stocks, but a potentially bullish scenario for oil could return the stock to its former glory. | AP Photo/Carolyn Kaster Exxon Mobil has not been able to escape the wrath of the global economic slowdown and the U.S./China trade war. The company, whose...Read More
The U.S-China trade war has left both nations’ economies in a state of distress, accelerating geopolitical tension. However, several analysts speculate that the ongoing trade war between two of the world’s largest economies has been beneficial to Bitcoin. Bitcoin’s entry into the monetary world was during a period of economic recession and the coin’s resistance...Read More
Bitcoin’s volatility has drastically decreased over the last few weeks as price action unfolds close to key support at $9,400. This key support line creates the bottom of the asymmetrical triangle stemming from $14,000 down to $9,400 mentioned in a previous analysis on Bitcoin. Bitcoin 1-Hour Analysis On the 1 hour chart for XBT/USD, we...Read More
Despite the hysteria over the identity of Satoshi Nakamoto, it doesn’t matter who he is because bitcoin transcends any individual. | Source: Shutterstock There has been a barrage of media coverage in recent weeks over the identity of Satoshi Nakamoto, the mysterious inventor of bitcoin. The coverage hit a fever pitch this week due to...Read More
An XRP evangelist is calling for a fork of the cryptocurrency to prevent Ripple from dumping coins on investors for profits. Let’s Fork XRP Every quarter, Ripple publishes a report showing the sales figures for the tokens within the preceding three months. Critics say the company is dumping these tokens for profits while the value...Read More
Craig Wright hasn’t been ordered to pay $5 billion to the Kleiman estate – yet. But if it comes, will he relinquish the Bitcoin fortune? | Source: Oxford Union/YouTube Dave Kleiman’s estate might have a difficult time reclaiming its alleged half of Craig Wright’s $10 billion Bitcoin fortune – and not just because critics say...Read More
While Bakkt clients will be able to deposit their funds into the Bakkt Warehouse next week on Sept. 6, Bitcoin price is trending downwards after falling below $10,000 in the run-up to the event. So is this already priced in or the market cycles are just repeating themselves? Let’s take a look at some key...Read More
Despite the severe economic and political issues on top of strict crypto regulations in South Africa, Riccardo Spagni, a member of the Monero Core Team and co-founder of decentralized platform Tari Labs says the country is still an excellent breeding ground for motivated entrepreneurs, reports Mybroadband on August 30, 2019. Local Businesses can Benefit Per...Read More
On Aug. 28, the Ministry of Economy of Kyrgyzstan has submitted the draft law “On Amending the Tax Code” with the aim of introducing cryptocurrency mining taxation. New tax proposal According to news outlet Kabar, the draft law was specifically developed to allow for the possible taxation of crypto mining. The taxation on cryptocurrency mining...Read More
Microsoft has issued a refund to a 12-year-old child with ADHD who spent over $1,300 on Xbox One video games without his parents’ knowledge. | Source: Shutterstock Microsoft has finally refunded more than 100 purchases made by a 12-year-old gamer from the UK. The child, who had been diagnosed with ADHD and exhibits symptoms of...Read More
This ridiculously simple Bitcoin scam is stealing funds from crypto ATM users, using nothing more than a single piece of paper. | Source: Shutterstock Many devious scammers will go to extreme lengths to steal your hard-earned crypto funds. However, one Canadian fraudster devised a lucrative Bitcoin scam that’s decidedly more low-tech. It involves a single...Read More
Carvana is all about making the experience of buying a used car fun. It’s “candy for millennials.” The stock rallied by over 900% in 2 years. | Source: Shutterstock Carvana Corporation is all about making the experience of buying a used car fun. Buyers browse through the tech company’s selections online. Once approved for financing,...Read More
All that glitters is not gold; it might be Bitcoin The tussle between digital gold and tangible gold is one for the ages. One rising from its fallen ‘standard’ for the global financial order, and the other born from the debris of financial collapse. Bitcoin and Gold have charted similar paths, yet from the traditional...Read More
Bitcoin’s blockchain produced new historic records this week as the cryptocurrency’s technical health increasingly contradicts its lower price. Bitcoin Hashrate Hits 83 Quintillion As data from monitoring resource and wallet provider Blockchain.com confirms, it was Bitcoin’s 00 hashrate leading the charge, hitting 83.5 quintillion hashes per second on August 29. That number is BTC’s best...Read More
Over the past week, Bitcoin (BTC) has shed 6.5%, falling to $9,500 from its former support of $10,000. Despite this downward price action, the fundamentals of the cryptocurrency continue to swell, pointing towards a potential rebound in the coming weeks and months.Related Reading: Bitcoin Bull Jack Dorsey’s Twitter Hack Is a Wakeup Call for Crypto...Read More
Twitter and Square CEO, Jack Dorsey, had his personal Twitter account hacked this week. Whilst in control of the account, the hackers posted a bizarre stream of messages including racial slurs and a bomb threat. Dorsey has been very vocal in his support for Bitcoin, so what impact could this have? What Does A Twitter Hack...Read More
Despite the drawdown in the price of Bitcoin — which some analysts say would result in a change of tides for altcoins — BTC dominance continues to tick higher. As of the time of writing this, the key market metric is approaching 70% for the first time in years, implying that once again, almost all...Read More
