Bitcoin

Bitcoin’s economies of scale make it harder to get involved in mining

Bitcoin’s constant deterrent towards true decentralization can be attributed to the centralization of mining, with several people expressing concerns over mining sector concentrating in China in particular. A move taken to make mining more decentralized was made by Blockstream – a bitcoin and blockchain technology firm. Unveiling Blockstream mining and pool in August 2019, the...
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Tim Draper: Millennials Should Invest In Bitcoin

After last week’s rally, it now seems that Bitcoin is hitting the headlines once again.  American venture capital investor, Tim Draper, has recently spoken out about Bitcoin, suggesting that millennials need to invest in Bitcoin if they want to secure their financial future.  On Wednesday, January 22nd, 2020, Draper spoke to Liz Claman during an...
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Bitcoin: Van Eck does not foresee an ETF being approved by the SEC in near future

2019 ended with Bitcoin‘s price doing fairly well, and the SEC still not having approved an ETF, and interesting, the new year also followed another similar pattern with Bitwise Asset Management withdrawing its application for an ETF. With the United States Securities and Exchanges Commission continuing to show reluctance towards approving an exchange-traded fund, several...
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Elon Musk is Neutral on Bitcoin, Despite Thinking It’s a “Clever” Idea

Elon Musk has long been a major figure within the technology world who has expressed mixed feeling on Bitcoin and cryptocurrencies, previously calling them “brilliant” while recently explaining that he is “neither here nor there” on BTC. The SpaceX and Tesla CEO recently spoke about Bitcoin during his appearance on an episode of the “Third...
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ErisX partners with Etale to enhance trading experience for institutional investors

The Chicago-based crypto derivatives platform, ErisX has partnered with Etale’s institutional trading platform. This partnership aims to enhance the trading experience for institutional investors. According to the official release, this would enable users of the Wall Street-backed cryptocurrency exchange operator to view real-time market data, manage account balances as well order execution via a secure...
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Not (Yet) Altseason: Majority Holds Bitcoin And Less Than 5 Altcoins, According To a Survey

In an industry like this, where cryptocurrency prices are highly volatile and unpredictable, putting all eggs in one basket could be quite risky. Many got to know this the hard way, while some learned from the experiences of others.   A recent Twitter poll revealed that an increased number of crypto traders and investors are now...
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Bitcoin Cash (BCH) Community Fractured by Sudden 12.5% Mining Tax

The bitcoin cash community is up in arms over a significant protocol change that has major tax implications. | Image: shutterstock.com Bitcoin cash community splintered by 12.5% miners tax proposal. Tax plan will be activated via involuntary soft-fork on May 15. BCH users are furious with the sudden – and unavoidable – six month protocol...
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Altcoins Poised to Pull Off a Massive Life-Changing Rally: Analyst

The altcoin market is looking a lot like bitcoin in 2011-12, analyst suggests. That’s a good thing for the market bulls. | Image: shutterstock.com The altcoin market cap may be bottoming out. One trader suggests that the altcoin market cap is mirroring bitcoin’s 2011-12 cycle. If the analyst is correct, there’s a chance we will...
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Peter Schiff’s Wallet Fiasco Is a Sinister Smear Campaign Against Bitcoin

Peter Schiff claims he lost all of this bitcoin due to a corrupted crypto wallet. It’s no surprise he dons the boomer label. He has since admitted that he mistook his PIN for his password. | Source: AP Photo/Mark Lennihan Peter Schiff admits that he mistook his PIN for his password. It’s very unlikely that...
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Gemini now an SOC 2 Type 2 compliant exchange

Leading cryptocurrency exchange, Gemini announced the completion of its independent SOC 2 Type 2 examination. With this development, Gemini became the first crypto platform and custodian to complete a SOC 2 Type 2. SOC 2 Type 2 examination essentially covers the security compliance of the platform and Gemini Custody. In the latest blog post, Yusuf...
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The Reason Why Bitcoin Halving Can’t Be Priced In Before It Actually Happens

The debates on whether or not the forthcoming Bitcoin halving will affect the price of the asset continues with full force. While some people believe that the event has already been priced in and the community should not expect a significant boost, others presume that Bitcoin is yet to encounter the real impact. Bitcoin Halving...
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Japanese Bitcoin Exchange Goes Bust After a $700,000 Theft Coverup

Despite taking the lead as the first major country to regulate and license bitcoin exchanges, Japan is home to some of the biggest thefts in the cryptocurrency sector. | Source: Shutterstock.com Before Bitcoin firm CoinExchange closed its doors last year in October, an undisclosed theft had occurred a year prior. The crypto firm said the...
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Bitcoin lags while Bitcoin SV leads Bletchley 10 index with 67% growth

After a turbulent start to the new year, crypto-market sentiment appears to have improved. The market saw a pump in Bitcoin SV’s stagnant price, making it the top-performing crypto-asset over the past week. However, Bitcoin continued to lead the crypto-market due to the increased correlation between the world’s largest crypto-asset and altcoins. According to a...
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Bitcoin SV’s 300% hike may have surfaced due to ‘dormant’ tokens

The Bitcoin SV saga has been one of the highlights of January 2020. After the collective market went on a bullish run in the second week of January, the controversial Bitcoin SV registered a hike of close to 300 percent, taking its valuation from $116 to $457 in a span of 4 days. In fact,...
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Here’s Why Bitcoin Short Positions Could Be in Dangerous Territory

Bitcoin and the aggregated crypto markets have been caught within a firm bout of sideways trading since this past Saturday, with this lack of decisive momentum making it incredibly unclear as to where the markets will head next. In spite of this, Bitcoin has been able to hold above multiple key levels, leading some analysts...
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Second Bitcoin Lightning Torch On The Move – Already Above 0.01 BTC

The second version of the “Lightning Torch” (LN Trust Chain 2.0) was recently launched on its birthday, and the community keeps spreading it around the globe. Its primary purpose continues to be the same – to raise people’s awareness of the benefits of Bitcoin’s off-chain scaling solution – the Lightning Network. The New Lightning Torch:...
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Cryptocurrencies need to be ‘very reminiscent of Bitcoin:’ Samson Mow

The world’s largest cryptocurrency, Bitcoin, is undoubtedly the most successful coin, seeing immense adoption and growth over the past few years. The cryptocurrency not only paved the way for an electronic cash system, which does not rely on a 3rd party, but also led to the creation of several other cryptocurrencies/technologies and several other industries...
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Bitcoin’s ethos is to let the market decide: Samson Mow

Bitcoin aka digital gold recently marked the successful completion of a decade of existence. Over the years, the coin has seen several developments and changes, wherein if the community did not agree with the changes or wanted a particular change that did not have a majority vote, they had the liberty to fork the chain....
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This Technical Signal Suggests Bitcoin is Bound for a Massive Short-Term Movement

Bitcoin has found itself caught within a firm consolidation phase over the past several days, which has come about following the cryptocurrency’s recent rejection at $9,200. Following the downwards movement that resulted from this rejection, BTC has found some stability around $8,600. In the near-term it is important to note that Bitcoin has found some...
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At Davos: Billionaire Ray Dalio Says Bitcoin Fails The Purposes Of Money

One of the most prominent traditional investors, Ray Dalio, recently said that Bitcoin (still) fails to serve the purpose of money. However, he also holds that people should look for alternatives of cash as governments can print out as much as they want, which ultimately depreciates its value. Bitcoin’s Volatility Holds It Back Raymond (Ray)...
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10 Random Items You Didn’t Know Cryptocurrency Could Buy

Cryptocurrency is a form of currency, but instead of having a physical form, such as cash or a debit card, it exists as an internet-based medium and uses cryptographic functions to conduct a transaction. Bitcoin started the wave of cryptocurrency back in 2009. Since then, it has become an attractive investment for people around the...
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Bitcoin Is Not Banned, The Reserve Bank Of India Clarifies

As a response to a legal case filed by the Internet and Mobile Association of India (IAMAI), the Reserve Bank of India (RBI) has now clarified that Bitcoin is not banned in the country. The nation’s central bank says that it has only restricted regulated financial establishments from dealing with anyone using digital assets. RBI...
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Bitcoin Options on CME report 610 BTC trading in one day

Bitcoin‘s journey this new year has left everyone on the edge of their seats. The coin has jumped by almost 17% but was noting an impending correction, at press time. Despite the crests and troughs in the market, CME‘s first week reported strong data. It has been just one week since the Chicago Mercantile Exchange...
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Bitcoin will be priced a lot higher by 2020-end: BlockFi’s Zac Prince

Bitcoin, the world’s largest cryptocurrency, has a crucial 2020 to look forward to, with one of the most important events lined up for May – block reward halving. Many investors and traders are expecting the price of the cryptocurrency to record massive recovery, with some expecting it to break its previous all-time high on the...
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Ethereum not very interoperable with legacy systems: Cardano’s Hoskinson

“The point of all these cryptocurrencies and blockchains is ultimately the management of assets, information, trust, and data,” said Charles Hoskinson, CEO of IOHK and Founder of Cardano, in a recent interview. During the same, Hoskinson spoke at length about Bitcoin, blockchain security, Ethereum, and about creating a global social operating system. According to Hoskinson,...
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UK’s Tax Authority To Leverage Blockchain To Track Bitcoin Transactions

UK’s Revenue and Customs agency is ready to invest up to $130,000 towards the development and implementation of a new “cryptoanalysis” tool.  According to a recent report, the United Kingdom’s tax authority, HM Revenue and Customs (HMRC) is looking for, “vendors to showcase their capabilities by demonstrating their expertise in the field of crypto-asset tracing.”...
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Scaling Bitcoin: Over 56% Of BTC Transactions In 2020 Use SegWit

Despite many criticisms against Segregated Witness (Segwit) since its implementation in 2017, the Bitcoin scaling solution continues to see an increased number of bitcoin transactions over the years.  Segwit Sees Serious Increases Data from Segwit.space, a platform that monitors the adoption of Segwit, revealed that it had achieved a new landmark as the transaction volume...
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Bitcoin Made Early Investors Stinking Rich but It’s No Mastercard Killer

Bitcoin has seen eye-popping returns over the years but it has largely failed as a transactional currency. | Source: Shutterstock.com Charlie Bilello highlights the performance of Mastercard and Visa in an attempt to shoot down bitcoin. In terms of returns, bitcoin has dramatically outperformed the two financial companies. When it comes to transaction volume, Visa...
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Bitcoin’s blockchain activity spikes; value transfers, miner fee note growth

Bitcoin’s value plunged by nearly 5% over an hour on 19 January and at press time, was valued at $8,650. While this is the second time the king coin’s price plummeted after crossing the $9,000-mark this year, it is still going strong in terms of on-chain network activity and usage. Reportedly, Bitcoin’s blockchain activity continued...
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Gold Bug Claims Bitcoin Has No Market Value Because He Forgot His Wallet’s Password

Prominent gold bug Peter Schiff hasn’t been one to hide his opinions on Bitcoin and digital assets in general, frequently railing against them in tweets to his nearly 200k followers. Today, however, his critiques of Bitcoin took a more personal turn when he slammed the cryptocurrency for not having any market value after he was...
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