Fresh tensions between the United States and Iran has contributed to bitcoin’s sharp acceleration over the past week. The same forces could send BTC to new all-time highs. | Image: shutterstock.com Bitcoin is possibly becoming a safe haven asset. The top cryptocurrency is rising in tandem with gold as tensions in the Middle East grow....Read More
Despite the fact that Bitcoin is in its second decade of existence, it is still seen more as an investment, rather than as a means of financial freedom. The claims of the cryptocurrency being a store of value or a medium of exchange still exist in theory, but in practice, Bitcoin remains a tradable asset....Read More
News keeps coming from the Middle East, as the US recently announced that the general of the Iranian Revolutionary Guard’s Quds Force, Qasem Soleimani, has been killed in an airstrike. In retaliation, Iran launched missiles at two US military bases in Iraq. Amid all this, the prices of oil, gold, and Bitcoin, surged. Is there...Read More
Bitcoin (BTC) is seeing more computational power invested in coin generation than ever before. As of Jan. 6, Bitcoin’s mining network has reached a hashrate of 120 exahashes per day. This number has been growing steadily over the past decade, but it has grown significantly in recent months. In the last year alone, the network...Read More
As tensions between the United States and Iran escalate, safe-haven assets are seeing massive gains. On the back of market uncertainty, Bitcoin broke the $8,000 barrier for the first time since 22 November, while gold continued to climb massive highs. For over a month, the Bitcoin market was stagnant owing to the holidays subduing volatility....Read More
2020 has been looked upon as a year that will contribute to many significant price movements in the dormant crypto-market, especially in light of the fact that the Bitcoin halving is just over four months away. However, according to the crypto-markets data provider, Skew markets, the halving might not be significant, even when it comes...Read More
After consistent consolidation under the $8000 mark since 22 November, Bitcoin briefly breached the mark on 7 January. While a significant portion of the community believed that the surge in question could be instrumental to the next bull surge, a major cryptocurrency market analyst observed a change in trends for a different digital asset. Willy...Read More
Is bitcoin eyeing a major breakout? Price action suggests another leg higher could be forming. | Image: shutterstock.com Bitcoin tops $8,100 for the first time in over a month. The rally may signal a trend reversal underway for the largest cryptocurrency. Bitcoin’s Fear & Greed Index shows market conditions are improving at the start of...Read More
When it comes to bitcoin, Peter Schiff’s tweets are aging very badly. | Image: AP Photo/Mark Lennihan Peter Schiff is once again targeting the number one cryptocurrency. His tweets are looking ridiculous as they are no longer based on sound logic. Some bitcoin traders are using Schiff’s tweets to time a possible bitcoin rally. Peter...Read More
Blockstream’s Marketing Director, Neil Woodfine, recently took to Twitter to address the question of “What happens when the Internet gets switched off?” Woodfine chose to respond to this question since “a surprising number of great engineers have been thinking about how to keep Bitcoin running in offline environments.” In his Twitter thread, Woodfine also outlined...Read More
Two of the largest corporations in Japan, SBI Holdings and GMO Internet Inc., have found their way into the bitcoin mining sector through a connection with Frankfurt-based company and owner of the world’s largest Bitcoin mine, Northern Bitcoin AG. According to Bloomberg, an agreement between the two Japanese firms and Whinstone Inc., a subsidiary of...Read More
The community remains at odds over whether the upcoming block reward halving for Bitcoin will have a meaningful impact, or if it’s already priced in. Defining Bitcoin’s Market Efficiency Bitcoin’s block reward halving has been at the center of fervent debates for the past 5 years but more emphasis has been placed on this topic...Read More
Last year was pretty dismal for the bitcoin and crypto industry in India. Regulatory procrastination and a negative outlook from politicians have stifled the ecosystem and innovation, will 2020 be any better? BITCOIN BATTLING IN INDIA The Reserve Bank of India (RBI) has been relentless with its disapproval towards bitcoin and the crypto industry over...Read More
Bitcoin began its 2020 journey with a 3.16% pump that pushed its price from $7,233.87 to $7,495, with its market cap at $132.62 billion. With Bitcoin’s halving scheduled for May 2020, there have been many predicting that Bitcoin will avenge its fall as the price rallies. However, irrespective of whether the BTC halving is priced-in...Read More
Bitcoin, the world’s largest cryptocurrency, has always set a precedent for all the other cryptocurrencies in the market. The king coin recently celebrated its 11-year anniversary, marking a successful eleven years of existence. Over the past decade, the cryptocurrency has recorded several milestones in terms of price, adoption, and technical advancements. The cryptocurrency grabbed the...Read More
From taking over the entire market at the beginning of 2019 with its Lightning Torch to amassing support from various exchanges and wallets, Bitcoin‘s Lightning Network stood out in the market this last year. The latest platform to announce support for the second-layer payment protocol was River Financial, a financial firm based in San Fransico....Read More
John McAfee has always been the clown of crypto. His latest tweet about Bitcoin just proves it. | Source: John McAfee/YouTube John McAfee disowned his infamous $1 million Bitcoin price prediction. But past history suggests his latest remark is just an attempt to gain attention. McAfee is also wrong that Bitcoin is “ancient” technology. John...Read More
Bitcoin’s Lightning Network and Liquid Network have been making headlines for quite a while now. The latter being a sidechain-based settlement network and the former being a second-layer payment protocol, both have grabbed the attention of several exchanges in the cryptocurrency market. Both subjects were recently touched upon by Paolo Ardoino, CTO of Bitfinex and...Read More
The never-ending war between bitcoin and bitcoin cash has a major venue in Reddit. | Image: shutterstock.com Microtask workers were employed to pump the visibility of a post made to the r/btc subreddit, screenshots reveal. Propaganda battle continues between two deeply oppositional groups in the cryptocurrency space. Bitcoin’s scaling debate continues to make itself felt....Read More
Predictions forecasting future stance of bitcoin and crypto markets always make headlines. But what do the facts and data say? Blockchain analytics firm IntoTheBlock has come out with interesting insights which throw light on the current state of the BTC and digital asset markets. These also can be used to draw thoughtful conclusions about the...Read More
Since 10 December, Bitcoin had been struggling to make gains, mostly moving between $7100 and $7500 and dipping as low as $6400 in the middle. Bitcoiners rejoiced today after the original cryptocurrency managed to break above the $7500 mark, possibly signaling a movement to greener pastures. Bitcoin 1-day chart Source: BTC/USD on TradingView The daily...Read More
International banking giant, HSBC, has decided to lock down 19 ATM clusters in Hong Kong due to vandalism from protestors. Bitcoin is just one example of an alternative financial solution for HK citizens during the ongoing crisis. Protesters Damage HSBC ATMs, Leading to Restrictive Measures Hong Kong, shaken by a series of protests, has seen...Read More
Some of Crypto Twitter’s most widely-followed analysts believe bitcoin’s price has already bottomed. | Image: shutterstock.com Bitcoin corrected by over 50% from the 2019 high of $13,880. With the retracement in the last six months, some analysts believe that the bottom is in. The number one crypto is flashing accumulation signals convincing popular traders that...Read More
Apple’s new family of iPhone models has got everybody talking, with a launch date for the new iPhone 12 Pro expected in September, this year. Review site PocketLint expects multiple new features for the family of phones. Will this be the year that Apple steps into the crypto phone space to rival leading competitor, Samsung? ...Read More
There has been a lot of deliberation about publicly traded Bitcoin exchange-traded funds [ETF] recently. So far, this investment fund has not received positive feedback from the United States’ Securities & Exchange Commission [SEC], which is why the ETF remains an uncertainty for the future. In fact, the Winklevoss twins’ Bitcoin ETF proposal was one...Read More
Well, that didn’t take long. The ‘Pro Bitcoin’ Nakamoto initiative has already whipped up a Crypto Tweetstorm and had its Telegram channel shut down in just three days. The Nakamoto Initiative Disheartened by the lack of discussion about the “philosophical principles that motivated Satoshi Nakamoto, or the society that he wanted to build” a group...Read More
What makes Bitcoin, “BITCOIN?” From eye-catching rallies to deep dives, from the infamous Silk Road debacle to mainstream recognition, Bitcoin has been through it all. In fact, what’s attractive about the cryptocurrency and the market it represents is that the price pulls do not always happen as predicted. It is this inherently volatile nature that...Read More
John McAfee won’t be eating his d**k and you’re stupid for believing him in the first place, says John McAfee. | Source: REUTERS/Alexandre Meneghini/File Photo Political hopeful John McAfee poo-poos penis party promise. Says his ruse onboarded more users to the cryptocurrency space. Claims to have sired over 100 children. John McAfee reneged on his...Read More
Bitcoin’s performance since the start of 2020 has been positive. With the first week almost coming to an end, the price of the world’s largest crypto-asset is hovering near $7,500. In other news, Bitcoin’s Futures market saw an important development over the last week – BitMEX, the long-standing king in the Bitcoin perpetual and Futures...Read More
Since the massive bitcoin and crypto surge in late 2017 and resultant crash in 2018 everyone has been waiting for a return to those giddy heights. In reality, it may just take a little longer as it did after the dotcom bubble burst. Bitcoin’s Slow Build Looking at previous years may give us an indication...Read More
