Yikes. Bitcoin (BTC) hasn’t been doing too well as of late. But altcoins, unfortunately, have been doing worse.Related Reading: Bitcoin Plunge Through $9,600 Liquidates $144 Million in BitMEX LongsOn Wednesday morning, the victors of the latest tug-of-war between bulls and bears were decided.Within a few minutes’ time, the Bitcoin price shed some $400 to $500...Read More
Bitcoin (BTC) has now further extended its period of consolidation around the key $10,000 support level and has failed to post any sustainable bounce since dipping below this critical support level over the weekend.Analysts are noting that Bitcoin’s technical structure is currently expressing signs of bullishness, with one prominent analyst explaining that he expects BTC...Read More
The chairperson of the South Korean Financial Services Commission (FSC) has stated that he is in favour of a proposed reporting system for crypto exchanges operating in the nation. The regulations may serve to make digital currency trading platforms more transparent, as well as helping to protect against money laundering and other financial crimes.The proposal...Read More
As the altcoin market continues to bleed out and sentiment around Bitcoin’s crypto cousins reaches a point of extreme despair, the question about their long-term value has come up often in recent days.The post appeared first on NewsBTCRead More
The crypto market is known for its wild west environment, rife with scams, bad actors, and market manipulators. Last year, the CFTC launched a probe into potential market manipulation across Bitcoin markets, yet the problem persists even today.The post appeared first on NewsBTCRead More
China’s central bank has refuted media reports of it launching a state-backed cryptocurrency, according to Global Times, a government-affiliated news agency.Refuting media reports of launching a state-backed cryptocurrency in the coming months, #China‘s central bank termed them as “inaccurate speculation.” pic.twitter.com/Sb4tQVPD3G— Global Times (@globaltimesnews) August 28, 2019The People’s Bank of China (PBoC) called the coverages...Read More
Various countries continue to oppose cryptocurrencies. Venezuela has become a notorious example in that regard. In a recent turn of events, the government is now targeting companies who pay employees in Bitcoin. One company has been officially sanctioned for doing so. Things got so bad that numerous employees were laid off in the process. Venezuela...Read More
A 12-year-old, future unschooling advocate at an Occupy Wall Street protest learns about Bitcoin while running from the cops. He invests. Later, the independent Erik Finman will become the supposed “world’s youngest bitcoin millionaire” at age 18. That’s not where the story ends, though. The high school dropout has since gone on to launch education...Read More
With political and economic tensions escalating, investments in safe haven assets such as gold are on the rise. The commodity has often been compared to Bitcoin, but a recent outbreak of fake bars clearly illustrates the glaring differences in the two asset classes.Gold Prices Hit 2019 HighThe sentiment driving gold prices this year is showing...Read More
The market chop and consolidation has continued for bitcoin today and analysts remain on the fence as to where it is likely to go next. The trading range is getting tighter however so a breakout could be imminent.Bitcoin Holding Fast at $10kOver the past 24 hours BTC has traded between $10k and $10.2k in a...Read More
After hanging by a thread above $10,000 for most of the day yesterday, Bitcoin’s bulls stepped up and sent the cryptocurrency surging to highs of over $10,500. Although this rally did spark excitement amongst BTC investors, the move ultimately proved to be somewhat fleeting.Analysts are now noting that $10,900 is a key region of resistance...Read More
Many Bitcoin enthusiasts have high hopes for the Lightning Network. For a technology which has been accessible for some time now, it seems there isn’t much growth to take note of. In fact, it appears things are slowly growing worse as more time progresses. This is good news by any means, yet the ship hasn’t...Read More
A man who created his own Bitcoin ATM has pleaded guilty of money laundering and related crimes. Kunal Kalra, a resident of Westwood, California, used his machine and other means to clean as much as $25 million between 2015 and 2017.Court documents claim that Kalra also exchanged Bitcoin for cash with a range of criminals....Read More
Popular cryptocurrency exchange Binance has released a crypto lending platform that allows users to earn a significant amount of guaranteed interest on their crypto holdings without having to expose themselves to any risk.Despite its promising nature, some investors are skeptical about Binance’s latest program, and are warning investors to use caution when engaging in anything...Read More
The superintendente of “Nacional de Criptoactivos (SUNACRIP) in Venezuela, Joselit Ramírez, has appeared on national radio to encourage people to use the Venezuelan state-backed crypto asset, the petro. Ramírez reminded listeners that the “Sistema Patria” was now online for simple, secure remittance payments.Last year, the government of Venezuela became the first on the planet to...Read More
The IRS took to Twitter on August, 26, posting a video about recently mailed CP2000 notices, of special interest to crypto traders. The notice, which seeks to rectify discrepancies made by recipients in tax reporting, is another in a series of crypto-related letters recently sent by the agency. Though the promised guidelines for reporting still...Read More
Switzerland aims to position itself as a European leader in the cryptocurrency world. This becomes apparent when looking at the adoption of crypto assets. Additionally, several banking licenses have been issued to what is referred to as “crypto banks” This is a clear sign the future of cryptocurrency looks somewhat promising. although no one should...Read More
Bitcoin price has been consolidating for what feels like ages now. After Bitcoin’s parabolic run-up, the leading crypto asset by market cap was rejected at $13,800 – just before it could break through the final bear market resistance.The post appeared first on NewsBTCRead More
Bitcoin price action over the weekend has been a virtual nail biter. The leading crypto by market cap, teetered on the edge of support for much of the weekend as bulls were able to successfully defend bears from pushing the price to retest lows at $9,200.But despite the valiant effort from bulls, bears were able...Read More
Millions of cryptocurrency investors have fallen victim to a growing number of multilevel marketing scams over the recent years. In 2018, victims lost about $1.7 billion to companies that falsely promised to multiply their capital within a short period. The criminals used plenty of old-school and new tricks to lure investors into purchasing worthless cryptocurrencies....Read More
Last week’s departure of Overstock CEO, Patrick Byrne, is unlikely to alter the online discount store’s ambitions towards crypto and blockchain. The libertarian made Overstock one of the first retailers ever to accept bitcoin way back in 2014, making it a pioneer in the industry. No Change of Tack by New CEO Overstock’s new interim...Read More
Research by Messari has revealed that the top pro athletes and sports personnel can earn more if they are paid in Bitcoin which would result in rapid crypto mass adoption. One Los Angeles Chargers NFL player, Russell Okung, is pushing relentlessly for the league to adopt Bitcoin. He wants the payments for the players’ multi-million-dollar...Read More
Political unrest usually leads to economic uncertainty, which can drive investors into alternative assets or safer havens overseas. Protests in Hong Kong have garnered global attention as mainland oppression has resulted in millions taking to the streets. Some retail outlets have begun accepting crypto in preparation of further financial uncertainty.Crypto Payments Gaining PopularityAccording to the...Read More
Weekend trading has been largely lack luster as usual. Bitcoin spent most of the time hovering just above $10k while the altcoins stayed in bed. A Monday morning push in Asia has sent BTC up to a five day high but its brethren have yet to react.Bitcoin Dominance Reclaims 70%A few hours ago Bitcoin hit...Read More
The first Swiss company to operate an integrated cryptocurrency exchange and custody, SMART VALOR, has added Bitcoin Cash to its range of listed tokens.Why does this matter and what’s in it for buyers? The listing of Bitcoin Cash (BCH) on SMART VALOR matters, because it is the first fully compliant and licensed exchange launched out...Read More
Many signs indicate that the Indian economy is under grave stress, affecting nearly all sectors. “India’s economy is in a deep mess,” due to initiatives such as demonetization and GST, some lawmakers say, as they urge the government to handle the situation “which is intensifying on a daily basis.” Also read: Indian Supreme Court Orders...Read More
Over the past couple of days Bitcoin has found itself caught within a relatively tight trading range and has continued to find strong support around $10,000. Although some analysts have claimed that this support level is wearing thin, BTC has yet to post a decisive break below this level in recent times.Now, multiple analysts are...Read More
Grudges can go a long way in the cryptocurrency world. This is particularly apparent where altcoins are concerned. In the case of ZCash, a new tool has been released. It is allegedly capable of performing a DoS attack against this network. Although the code is not publicly available, it won’t take long until someone decides...Read More
Overstock was one of the first major companies that expressed extreme interest in utilizing and adopting crypto – an interest that stemmed primarily from its previous CEO’s openness to the technology.Now that the company’s previous CEO – Patrick Byrne – has resigned due to controversy surrounding comments he made about his involvement in a multitude...Read More
On Friday, the Bank of England’s governor made a comment that was music to the ears of Bitcoin and crypto proponents.BITCOIN IS THE FUTURE ?? pic.twitter.com/ITdKsG9HJ5— Pomp ? (@APompliano) August 23, 2019According to reports from Reuters and Bloomberg, Mark Carney dropped a bombshell on a group fo central bankers and press at a meeting in...Read More
