Throughout much of 2018, support at $6,000 acted as the absolute Bitcoin price floor, with each time bears pushed the price of the first-ever crypto-asset down to the range, it would reverse and rally – only to stop short of ever setting a new higher high.The post appeared first on NewsBTCRead More
SBU (Security Service of Ukraine) detectives have discovered a cryptocurrency mining operation at one of the nation’s nuclear power plants. The agency has reason to believe that it was officials at the facility that had installed the unauthorised hardware.The SBU alleges that the internet connection installed to facilitate the mining operation posed a significant security...Read More
Among the many reasons that make Bitcoin unique, is that it’s designed to be a global currency accessed by anyone, anywhere, without restriction. Because of this, the first-ever crypto asset is used across the world in different capacities, affected by culture, economic conditions, regulation, and more.The post appeared first on NewsBTCRead More
Bitcoin has long been pitched as the digital version of gold – a precious metal that’s long been used as a store of wealth, transfer of value, and features many of the attributes that Bitcoin is lauded for, such as scarcity.The post appeared first on NewsBTCRead More
Security token offerings are still a very niche market. While there is merit to this model compared to ICOs, investors have cooled off on blindly investing in tokens and assets. In Europe, things are not looking all that bad, despite some initial growing pains along the way. A healthy increase in successful tokenized projects shows...Read More
Following a strong rally back toward $11,000 that was stopped roughly $50 short, Bitcoin price has now broken back below $10,000 yet another time during the month of August.The post appeared first on NewsBTCRead More
After hearing the arguments against the banking restriction by the Reserve Bank of India (RBI) in detail, the Indian supreme court directed the central bank to reply to the representations filed by crypto exchanges. Since the RBI has not adequately answered them, the court set a new date to resume hearing the case. Also read:...Read More
Ethereum hasn’t done too well over the past year. Since peaking at $1,400 and nearly “flipping” Bitcoin, the cryptocurrency has embarked on a steep downtrend, shedding a large majority of its value as demand has tapered off.In fact, one ETH is now valued at under 0.02 BTC — a level not seen since the pre-ICO...Read More
Bitcoin miners in China already have to deal with a government that wants to stamp out their industry. Add to that natural disasters such as flooding and landslides, and they have a full plate to contend with.Sichuan Bitcoin Farms Hit by FloodsAccording to government services, monsoon flooding in China during July and August has claimed...Read More
A market wide dump this Wednesday has seen $15 billion exit crypto markets as Bitcoin leads them back down again. The choppy conditions have continued and BTC has remained range bound for now but this could be its fifth foray into four figure prices.Weekly Crypto Gains Wiped OutSince the weekend, BTC has been steadily gaining...Read More
Anti-government demonstrations entered their eleventh week with a defiant march in Hong Kong’s Central district on Sunday. The threat of violence and civil unrest has led to increasing uncertainty over the city’s future. And anxious residents are responding by moving money out of Hong Kong, a move that could increase the inflow into bitcoin.Hong Kong...Read More
It’s been over a month since Head of Calibra, David Marcus faced a grilling at the hands of the Senate Committee. And considering Facebook’s track record on misuse of personal data, many predicted that Marcus would be walking into an inquisition.But despite that, there’s no denying that Libra jolted lawmakers into finally taking cryptocurrency seriously....Read More
There is never a day without intriguing cryptocurrency developments. Those who can look past the drama and hype may have taken note of a surprising bit of news. It appears there will be IPOs issued on top of the Ethereum blockchain. These tokens will serve both security and utility functions. An interesting development to keep...Read More
Nothing but carnage has been seen across the altcoin market, with major crypto assets like Ethereum and Ripple falling to fresh lows and causing widespread panic across the space.The post appeared first on NewsBTCRead More
This week, the Intercontinental Exchange-owned Bakkt announced the date it would finally launch its much-anticipated and long-awaited Bitcoin Futures trading product, and Bitcoin price responded by spiking over $400 over the course of the next few hours, nearly reaching $11,000 before experiencing a pullback.The post appeared first on NewsBTCRead More
On August 19, the combined SHA-256 hashrate between the BCH and BTC networks touched a massive high of over 91 exahash per second (EH/s). One notable contribution to today’s network hashrates is the manufacturing of next-generation mining rigs that produce a significant number of terahash. Currently, the top machine released this summer is Pangolin’s Microbt...Read More
A recent run-up in the bitcoin price has been credited to a string of events: the US-China trade war, determined monetary easing by central banks, price manipulation via Tether’s stablecoin USDT, Facebook’s plans to launch its cryptocurrency, as well as a weakening Renminbi. But another factor may be lifting bitcoin as well: altcoins.New York-based Ark Investment...Read More
Sitting in a public sauna alone, a bunch of translucent demons appear out of nowhere, like a half-awake vision. The line of reality and a storylike moment blend together. Full in my face, they start to punch through me with well-curated negative truth. This was a made a big mistake, you are ours now, and...Read More
One of the few go-to financial service providers that are Bitcoin and Crypto friendly, Silvergate Bank, is looking to expand its services to include crypto-currency lending, according to an updated IPO filing. Loans for institutional Investors Silvergate Bank provides financial services to some of the industry’s top companies such as Coinbase, Bitstamp, and Xapo. According...Read More
The Indian supreme court heard the case against the crypto banking restriction by the Reserve Bank of India (RBI) in detail Tuesday. After many arguments challenging the RBI’s power over crypto were presented, the counsel for the central bank began making the case against cryptocurrency. Also read: RBI’s Power Over Crypto Challenged at Length in...Read More
The cryptocurrency industry needs a weekly dose of drama. When there are no scams or dubious investments to discuss, the conversation usually turns to social media. Some very interesting things are going on regarding the @Bitcoin account on Twitter. It has seemingly dropped all support for Bitcoin Cash. This is widely considered to be a...Read More
Bitcoin has often been compared with gold as it shares a number of similar traits. Both are safe haven assets, immune from government meddling, and both have a strong perception of scarcity. One veteran investor sees a strong demand for bitcoin and crypto assets as a bullish indicator for gold prices.Rise of Crypto Currencies Good...Read More
Bitcoin has been in a steady uptrend since the weekend. The short term picture looks promising but a conflicting technical signal indicator on a longer term chart could spell the end of the upturn.Bitcoin Almost at $11,000A few hours ago during Asian trading, BTC posted a weekly high of $10,950 according to Tradingview.com. The price...Read More
Ethereum’s price action has been closely tracking that of Bitcoin over the past several days, and ETH has been able to post a strong recovery from its recent drop to below $185.Analysts are now noting that Ethereum’s ability to break above the key resistance level of $200 may be emblematic of a shifting short-term trend,...Read More
According to Jeremy Allaire, the price increases in Bitcoin since the beginning of the year were driven by more than just Chinese investors seeking to avoid capital controls. The Circle CEO claims that a belief in this narrative from investors outside of China is likely to behind the rise too.Allaire also believes that although cryptocurrency...Read More
After posting a strong recovery from its recent lows of $9,500, Bitcoin (BTC) has been able to further extend its upwards momentum and is now nearing the next key price hurdle that could determine which direction it trends in the near-term.Bitcoin’s surge from its weekly lows of $9,500 signals that buyers are currently in control...Read More
Recently, Coinbase had the honor of partnering with The Violet Society, an organization whose mission is to build community and career mentorship for women and gender-nonbinary professionals in the tech industry, by sponsoring Violet Hacks, a hackathon where a group of about 200 of these professionals gathered to design, build, and pitch various products to...Read More
There are many reasons why the Philippines is becoming increasingly crypto-friendly. Not only has its central bank registered more crypto exchanges recently, but the Securities and Exchange Commission has also been actively finalizing crypto guidelines. The country has an active crypto community, and one of its largest banks has engaged in multiple crypto projects. Also...Read More
Since April of this year when Bitcoin first spiked over $1,000 in a matter of minutes, sending the first-ever crypto asset out of its bear market depths, Bitcoin dominance has soared, indicating that much of Bitcoin’s rally was fueled by altcoin-driven selling. The impact can be seen in both Bitcoin’s price outperforming most altcoins by...Read More
Anonymity and privacy are extremely important in the crypto industry. The original crypto that the entire industry is based on was created by the pseudonym Satoshi Nakamoto, and to this day no identifying details are truly known about the person who designed Bitcoin.The post appeared first on NewsBTCRead More
