Quick recap: A week ago, after failing to break the $10,000 benchmark, Bitcoin price had dropped back to the $9200 – $9300 support, where lied the critical ascending trend-line, the one that started developing since the March 12 price crash (colored blue on the following daily chart). Last Sunday, Bitcoin failed to hold the mentioned...Read More
An unknown person has tampered with some of the Bitcoin addresses that Craig Wright has previously claimed to own in his ongoing legal case against the Kleiman estate. The person has used the private keys for the addresses to sign a message in which he called Wright a liar and a fraud. CSW Is A...Read More
The Switzerland government has rejected the 100 million Swiss Francs ($102.7 million) funding request made by the country’s famous Crypto Valley, according to a local media report. Located in the heart of Zug, Crypto Valley is a fintech friendly region with favorable regulations for cryptocurrency and blockchain startups, making it a much-celebrated blockchain hub. Despite...Read More
Over the past two days, Bitcoin was trading between the range of $9200 – $9300. As we mentioned here on our previous BTC price analysis, that area had transformed from being stronger support to being even stronger resistance. We mentioned the fact that a failure in breaking above the mentioned area will result in a...Read More
Users of the two leading cryptocurrency hardware wallets could be at risk after a hacker offered to sell personal details of thousands of the companies’ customers. Hacker Offers HD Wallet Users’ Details As per multiple screenshots posted to Twitter, the hacker offered to sell personal details of customers from a wide range of financial services...Read More
The gap between Bitcoin’s hashrate and its mining difficulty has led to a miners capitulation – which could result in a major Bitcoin price dump. As pointed out by trader and popular YouTuber TheMoon, large discrepancies between hashrate and mining difficulty have typically resulted in a sudden departure of Bitcoin miners in the past. This,...Read More
The past 24 hours have been relatively calm for the leading cryptocurrencies by market capitalization. As of writing these lines, Bitcoin is trading today in a tight range around $9,200. From a technical standpoint, the range between $9,200 – $9,300 is the first significant resistance level for the primary cryptocurrency. If it breaks it successfully,...Read More
The large American multinational investment bank Goldman Sachs will host a conference call regarding Bitcoin, gold, and inflation. While precise information on the call’s content is limited, the massive bank appears to be the latest Wall Street-based entity to acknowledge the primary cryptocurrency. Goldman Sachs To Talk About Bitcoin According to the invitation, the event...Read More
Upon printing billions of fresh USDT in the past few months, the most widely adopted stablecoin has become the third-largest cryptocurrency by market cap. Tether has now surpassed Ripple (XRP) with its nearly $9 billion market capitalization. In the meantime, Ripple, which was among the top three cryptocurrencies for the past years, had seen its...Read More
While most community members are focused on exploring the correlations between Bitcoin and traditional financial assets, Google Trends indicated rather compelling inverse correlations involving the primary cryptocurrency and some popular culinary dishes. Firstly, a digital asset proponent brought up BTC’s comparison with the traditional Japanese dish – Ramen. Literally translated as “pulled noodles,” it consists...Read More
New information suggests that local government authorities in the Chinese province Sichuan are seeking to ban cryptocurrency mining operations in the region. Contrary, sources familiar with the matter claim that these notices are misunderstood, and crypto mining will not suffer major negative consequences. A Region In China Clamps Down On Crypto Mining? The story began...Read More
Following our Thursday price analysis, Bitcoin had lost almost $1000 in one and a half days. This came straight after 3-4 failed attempts to break the $10,000 mark over the past two weeks. When you’re not breaking, and the attempts are losing strength, you will dump hard. This was the bad news; however, the good...Read More
Bitcoin kissed the $10K mark goodbye this week as the cryptocurrency dropped to as low as $8,800 on Thursday, reaching the trend-line that was forming since the massive drop in March. As expected, BTC received strong support in that area, and its price quickly recovered to around $9,200, where it’s currently trading. The dump started...Read More
Maker DAO just received an influx of almost 2,500 Bitcoin in the past 48 hours, as the number of Wrapped Bitcoin (WBTC) locked in the decentralized finance app increased by 1,921%. Maker DAO is a decentralized lending protocol on Ethereum, which issues the stablecoin Dai (DAI) in return for ETH-based collateral. Since BTC can be...Read More
The veteran Bitcoin margin trading exchange BitMEX went down for over an hour a few days ago. While the community speculated on several plausible reasons, BitMEX published a post today explaining what happened, how they can prevent similar occurrences in the future, and assuring that all customer funds are safe. Why BitMEX Went Down The...Read More
In our recent analysis from Tuesday, we had mentioned the fact that the attempts to break the $10,000 mark are getting weaker over time. In soccer, when you don’t score despite many chances, the other team will score and win. During the recent hours, Bitcoin was slowly losing momentum, and as of writing these lines,...Read More
After the restrictions of quarantine are over, the leading U.S. based crypto exchange, Coinbase, will embrace a ‘remote-first’ culture. The remote-first shift has been accelerated with the duty to comply with the six feet apart social distancing measures currently in place due to Coronavirus. Implications for Coinbase Employees Coinbase estimates that between 20 – 60%...Read More
The recently moved 50 bitcoins, which were mined in February 2009, rattled the cryptocurrency community as many members are arguing if Satoshi Nakamoto himself transferred the coins. While these rumors are speculative at best, the address that sent the bitcoins can actually be located in a court document from the notorious Kleiman vs. Craig Wright...Read More
Bitcoin’s price saw a sudden vicious flash crash on one of the most popular cryptocurrency exchanges – Bitstamp. The price lost upwards of $600 in a single candle that lasted less than a minute. Bitcoin Price Flash Crashes To $9,100 On Bitstamp There are no boring days with Bitcoin. Just a few minutes ago, the...Read More
An interesting Bitcoin transaction surfaced today, bringing back memories from 11 years ago in the distant 2009. 50 BTC mined back then were just transferred to another address. Bitcoin Mined in 2009 Just Transferred Data from Blockchair reveals that 50 bitcoins mined in 2009 were just transferred to an unknown address. The transaction took place...Read More
Over the past days, Bitcoin had gone through sideways price action, flirting with the range between $9500 and $9900. The breakout of the $10,000 target is remarkably close. However, it also feels close as well to a massive price dump. Remember, from a technical point of view, the fact that Bitcoin so far fails to...Read More
After announcing plans to launch a new privacy coin called GHOST, John McAfee has received numerous accusations of plagiarizing the whitepaper. The popular cryptocurrency proponent responded today to the emanated controversy, calling it a “storm in a teacup.” GHOST Controversy As CryptoPotato reported in mid-April, the former anti-virus software tycoon announced the upcoming launch of...Read More
The Bitcoin third halving that occurred last week was a remarkable event for the Bitcoin community. However, while experts predicted that the event could be a price booster for the cryptocurrency in the long, miners are not very happy considering the effect of the halving on their revenue. Bad Business For Miners? One of the...Read More
Bakkt, the Bitcoin futures contract platform of the Intercontinental Exchange (ICE), has partnered with an insurance broker to increase its coverage by an additional $500m. The company also announced the onboarding of 70 new institutional clients and the expansion of its loyalty program. Bakkt Increased Its Insurance Coverage Earlier today, Bakkt’s President Adam White shared...Read More
The author of the beloved Harry Potter books, J.K. Rowling, recently asked crypto Twitter to explain Bitcoin to her. Needless to say, hundreds of leading community members answered, including some of the most influential cryptocurrency proponents like Changpeng Zhao, Vitalik Buterin, and even Elon Musk. However, the renowned author had her fair share of informational...Read More
Founder and CEO of Social Capital, Chamath Palihapitiya, and current Los Angeles Clippers owner Steve Ballmer were the latest popular individuals to had their names involved in fake Bitcoin giveaways on YouTube. With the rising number of similar scams on social media platforms, the question remains on the potential consequences on the community and legitimate...Read More
Bitcoin wakes up to a new week following a volatile weekend: After reaching down to $9100 on Friday, the following two weekend days were quite bullish for the primary cryptocurrency. Bitcoin regained position, and since the Friday’s low, the price had been climbing nicely to the same devastating resistance area below the $10,000 mark. However,...Read More
Bitcoin took another shot at $10,000 today as its price reached $9,960 on Binance. However, unlike the previous times, altcoins are looking to regain their strength as they managed to chip more than 1% of BTC’s dominance in the past few days. Bitcoin Price Takes Another Swing At $10,000 Volatility doesn’t seem to fade in...Read More
Coinbase CEO Brian Armstrong just fell for the oldest trick in the crypto-twitter playbook. When Harry Potter author J.K Rowling made a surprise entrance to the Bitcoin space this weekend, Armstrong attempted to welcome her in. When Rowling apparently made a $100 BTC purchase, Armstrong told her to get over to Coinbase and urged her...Read More
Recent Chinese reports indicate that a new cryptocurrency scam, resembling the notorious PlusToken, has been brought to trial this week. Dubbed WOTOKEN, allegedly scammed over 700,000 users and absorbed more than $1 billion worth of Bitcoin and other digital assets. The New Chinese Threat: WOTOKEN According to local reports, the trial began on May 14th...Read More
