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...Read More
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...Read More
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...Read More
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...Read More
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 cannot access his bitcoin wallet and is blaming his “losses” on the blockchain....Read More
Collaborative financial platform, 2gether, recently published its report on users’ crypto-spending behavior, including an analysis of how they spend assets such as the world’s largest cryptocurrency, Bitcoin. The report analyzed 2gether users’ data from April to December 2019, with a sample set of over 10,000 users from 19 countries. According to the aforementioned report, 31%...Read More
The popular economist and well-known nocoiner, Peter Schiff, has said that he’s lost all of his bitcoins because of a forgotten software. He took his rant to Twitter, outlining that the lost bitcoin has no market value, on top of having no intrinsic value as well. Peter Schiff Loses His Bitcoins Peter Schiff is a...Read More
It is a common narrative in the digital asset industry that most of the time, Bitcoin is responsible for driving the market on a bullish surge. This is largely due to the fact that presently, Bitcoin dominates the crypto-market cap, with a dominance index of 66.3%, at press time. However, over the past week, the...Read More
Bitcoin has touched a new high, with respect to its hash rate. With just three months left for the upcoming halving event, the king coin’s hash rate, a metric which essentially refers to the amount of computing power utilized by miners to validate the Bitcoin blockchain, hit a new all-time high after it touched 126.13...Read More
Facebook’s proposed crypto-project Libra did not receive the very warm welcome it once expected. However, what it undeniably did was open a much-needed conversation among many in the mainstream industry. While it does not seem likely that the hurdles for Libra will be gotten over any time soon, David Marcus was invited to the 2020...Read More
Bitcoin has always been hailed as the ‘one true cryptocurrency,’ more so because of the number of impersonators it has, than what its white paper claims. While Satoshi Nakamoto did pen Bitcoin as “a peer-to-peer electronic cash system,” this claim has been co-opted by one too many. Using the Bitcoin name, many impersonators have gained...Read More
Bitcoin’s current price movement is catching the attention of many in the world of digital assets. The spike on 14 January raised Bitcoin’s valuation by another 10 percent, with the price surging past $8600 and briefly touching the $9000 mark. The coin has since managed to consolidate above its immediate support at $8600, with many...Read More
The crypto community views cryptocurrencies in numerous ways. From trading opportunities to store of value, and occasionally for their real purpose of being used as a payment method. Today, the main topic will be a rather conspicuous one that has been discussed many times, but it needs more awareness – adoption. Furthermore, let’s examine an...Read More
Bitcoin is remembering to be volatile again! The real trading volume for Bitcoin is back up to its November 2019 levels after its price broke out of the lows seen during the holiday season. Thanks, in good measure, to the volatile few weeks the cryptocurrency is having. According to the latest report by Arcane Research,...Read More
“I understand the rationale behind crypto-anarchy, but I believe in crypto-civilization,” said Balaji Srinivasan, founder of Nakamoto.com, when asked about the reason behind the formation of the now-controversial forum. Srinivasan recently appeared on a podcast with Messari’s Ryan Selkis and spoke about Nakamoto.com, a project which after its release, has caused quite a stir. Srinivasan’s...Read More
“Financial privacy is like a fundamental right”, says Jesse Powell, CEO, and Co-founder of Kraken. But Bitcoin and other cryptocurrencies are pseudonymous, i.e., transaction information is easily available for further analysis. In response to this, new technology has been developed over the years to recreate privacy by restoring anonymity. While this gave rise to privacy...Read More
Last week was nothing but volatile for Bitcoin and the entire cryptocurrency market. Fortunately, the volatility did well. Seven days ago, Bitcoin was trading at around $7,950, while today, the cryptocurrency stands at almost $8,900. This marks an increase upwards of 13% for the past seven days. It’s worth noting, however, that this time altcoins...Read More
Bitcoin has managed to consolidate higher in the charts after a few consistent surges; other major assets have followed BTC’s path in improving their respective valuations. Despite rising market caps, the address profitability for certain major cryptos has not mirrored their current market performance. Data from intotheblock.com indicated that a majority of the addresses holding...Read More
Institutional flows into bitcoin may explain why the number one cryptocurrency bottomed in December. | Image: shutterstock.com There are several theories that can explain the current bitcoin pump. The revelation that Grayscale raked in close to $200 million in Q4 investments may explain why the cryptocurrency bottomed out in December. New investments must keep flowing...Read More
Binance will list a new set of FTX leveraged tokens that will allow users to open 3x long or short positions for Bitcoin and Ethereum. This comes less than a month after the Maltese-based exchange made a strategic partnership with the derivatives exchange, FTX. Binance Lists New Type Of Leveraged Tokens The leading cryptocurrency exchange...Read More
Bitcoin briefly crossed $9,000 on Friday, setting the stage for a potentially bigger move higher. | Image: shutterstock.com Bitcoin may target $18,000 if past halving performance plays out. In the immediate term, bitcoin must overcome $9,000. BTC price briefly overtakes that level Friday. Analysts, traders and crypto enthusiasts all over the globe are cheering on...Read More
Bitcoin started to penetrate the global industry from the mid of 2010. Though the initial journey for the cryptocurrency was not up to the satisfactory soon it started to shape the future of the traditional banking system. People are habituated with the traditional baking system and to transfer their own money, they have to pay...Read More
Cryptopia, Christchurch-based cryptocurrency exchange, recently announced that its directions hearing has been rescheduled to Feb. 11-14 at Christchurch High Court. The hearing was earlier scheduled with a New Zealand court for February 3, 2020. The exchange’s tweet on Jan 17 read, The #Cryptopia directions hearing has been rescheduled to 11-14 Feb @ Christchurch High Court....Read More
2020 has so far been particularly positive for Bitcoin and the rest of the cryptocurrency market. Starting the year at around $7,100, BTC currently trades at almost $9,000, charting notable increases throughout the entire week. In the past 24 hours alone, Bitcoin gained another 3% to its value, increasing from around $8,650 to about $9,000...Read More
2017 bull run opened the flood gates for the cryptocurrency ecosystem and many investors have not looked back. Fast forward two years and the debate still arises whether the rate of involvement and widespread utility of digital assets is prominent or not. 2019 witnessed the growth of institutional investors with major market players such as...Read More
Crypto Rating Council, an organization led by Coinbase and seven other platforms, announced the inclusion of three new members and the publication of five new asset scores, namely, crypto exchange OKCoin USA, social trading network eToro USA, and RADAR, a blockchain tech platform. With this latest addition, the three platforms join eight other industry players...Read More
After an extended period of trading sideways around $8,800, Bitcoins bears have been able to push the cryptocurrency lower and put it at risk of breaking below multiple key support regions that have been bolstering its price. Analysts are now widely noting that BTC is currently sitting at a key short-term support level that bulls...Read More
TRIBTC Launches Its Live Peer-to-Peer Crypto Options Platform on January 20th, 2020! TRIBTC, the world’s first platform offering Bitcoin settled peer-to-peer binary options trading for cryptocurrency pairs, announces the launch of the live trading environment. After the successful beta testing period, TRIBTC’s team, with the help of its community of beta testers, professional and amateur...Read More
Most traders believe the bitcoin rally is only getting started, survey reveals. | Image: shutterstock.com The bitcoin rally is making many crypto investors euphoric. An economist ran a poll to check on the pulse of the BTC market. An ultra bullish atmosphere may be a sign that a trend reversal is incoming. Over the last...Read More
Malta-based cryptocurrency exchange Binance launched a function that allows users to instantly convert other stablecoins into BUSD, on January 16, 2020. The announcement stated, “The ratio to convert PAX, USDC, and TUSD into BUSD will be set at 1:1 with zero fees. The ratio to convert USDT into BUSD will vary based on the current...Read More
