An unknown mining pool controls 70% of Bitcoin Cash (BCH)’s hash-rate, leaving it ripe for a 51% attack. | Source: Photo by Lars Hagberg / AFP; Edited by CCN Unknown miners currently account for 69.44% of the Bitcoin Cash hashrate. Established mining pools have disappeared completely. Others had their network influence cut in half. The...Read More
Peter Schiff found another reason to take a shot at bitcoin. However, there’s no denying that it’s the best-performing 2019 asset. | Credit: Lucas Jackson / Reuters Peter Schiff found another reason to take a shot at bitcoin. Bitcoin supporters took the gold bug’s latest criticism with a pinch of humor. There’s no denying the...Read More
Google’s YouTube has frequently attacked content creators and crypto channels are now feeling the brunt. | Source: Shutterstock YouTube’s cryptocurrency onslaught worsened over Christmas. Creators face permanent expulsion from the platform as they accumulate community guidelines strikes. Some have claimed responsibility for the attack, but the truth remains obscured. YouTube’s onslaught against cryptocurrency content creators...Read More
Bitcoin price could hit $100,000 in three years, according to an analyst. | Source: Shutterstock.com Dave the Wave tells CCN that he sees $100,000 by late 2022 as long-term bitcoin target. The analyst previously predicted BTC’s bottom in the $6ks. The same parabolic line since 2011 has remained in tact through the years, indicating a...Read More
The introduction of bitcoin derivatives has skewed the pricing mechanism of the top cryptocurrency, analyst says. In this environment, there’s no guarantee that the upcoming bitcoin halving will have a positive impact on price. | Image: shutterstock.com Bitcoin Asset manager claims most firms looking to speculate on bitcoin will use derivatives market instead of the...Read More
Bitcoin to hit $100,000 two years from now at Christmas 2021? Don’t believe it, warns Bloomberg’s markets editor. | Source: Shutterstock Bloomberg Markets editor bashes the Bitcoin Stock-to-Flow model for allegedly mispredicting the cryptocurrency price. Joe Weisenthal says scarcity is not an influential factor in pricing bitcoin in the future. People only need to bid...Read More
Bitcoin billionaire Tim Draper takes a hard stance on India’s new controversial citizenship law. | Image: REUTERS/ Stephen Lam Tim Draper has suggested he will not tolerate religious discrimination. The Draper Venture Network is currently invested in India. The venture capitalist earlier this year criticized a proposed cryptocurrency ban in the world’s biggest democracy. Bitcoin...Read More
Is TRON’s most popular Dapp just a game – or is it a Ponzi scheme? | Source: Tron Foundation/Facebook TRON’s Just.Game becomes No.1 Dapp within hours of launch. Over 500 million in TRX has been sent to the automated smart contract. Critics say the app’s structure too closely resembles that of a Ponzi scheme. A...Read More
It’s a hack that won’t make bitcoin a popular payment method among merchants. | Source: Shutterstock.com Video shows user double-spending BTC transaction by taking advantage of RBF (Replace By Fee) and zero-conf transactions. Controversial features have been a topic of hot debate among Bitcoin developers for years. A simple four-step guide details how to easily...Read More
This Bitcoin scam victim got a lesson in the cold-hearted nature of crypto. | Source: Jaiz Anuar/Shutterstock.com Bitcoin scam victim makes an appeal to authority – but no such authority exists. The independence afforded by Bitcoin and other cryptocurrencies is a double-edged sword. In crypto, no one can hear you scream. A cryptocurrency user appeared...Read More
Billionaire venture capitalist Tim Draper says the bitcoin price will skyrocket to $250,000 soon after the May 2020 ‘halving’ event. As astounding as that sounds, Draper’s projections are in line with bitcoin’s historical trend. Draper correctly predicted the ‘crypto winter’ bear market of 2018-2019 in September 2018. He’s made over $200M from BTC so far....Read More
Bitcoin Cash (BCH) was adopted by a Burger King restaurant in Slovenia, making it the first cryptocurrency to be transactable in physical Burger King stores. A video posted to social media on Friday shows two Bitcoin Cash users pay for their food using BCH from their mobile wallets. Burger King Goes Crypto Slovenia has become...Read More
Bitcoin volatility makes a stunning return. The “extreme fear” countertrade is back on the table. Bakkt futures record all-time highs. Bitcoin’s recent rise has sparked new hopes for BTC just in time for the holidays. Here are several signs that may indicate a Santa Claus rally is on its way. Bitcoin has been anything but...Read More
Bitcoin price strongly defended a key support dating back to 2015. It rose by more than $1,000 in 24 hours, marking a potential generational bottom. Positive sentiment can be carried over to early 2020, unlike late 2018. The bitcoin price has strongly recovered after testing the $6,400 support level. Following a $1,000 increase, a “generational...Read More
Hedge fund CEO Robert Breedlove suggests that Bitcoin may on the verge of its next major bull run. His chart analysis of previous parabolic runs is remarkably similar to where we are today. If history is anything to go by we could see 35x returns from here until 2023. Hedge fund founder Robert Breedlove believes...Read More
The bitcoin price surged back above $7,000 on Wednesday. Analysts say BTC defended a crucial support level. Today’s price action wasn’t enough to persuade the bears that the bottom is in. The bitcoin price rallied aggressively on Wednesday after the beleaguered cryptocurrency defended a vital support level that has fortified its nearly five-year-old “parabolic” uptrend....Read More
Silk Road founder Ross Ulbricht uses Elliott Wave theory to show how bitcoin could hit $100,000 by 2020. Sentiment towards crypto has taken a decidedly bearish turn in recent months. Bitcoin continues to trade below the $7,000 mark on Wednesday. Bitcoin’s latest brush with six-month lows has attracted nasty commentary about the future of digital...Read More
TRON founder Justin Sun wants to give $1 million to help aid Greta Thunberg’s climate change initiative. Sun claims cryptocurrency itself will contribute to decreasing the world’s carbon output. But in terms of energy efficiency, cryptocurrency remains vastly less efficient than current digital payment methods such as VISA. TRON (TRX) founder Justin Sun offered to...Read More
The bitcoin price continues to plummet from its 2019 record near $14,000. Crypto investors are worried while critics are gloating. But the cryptocurrency remains the highest performing asset in 2019. And dollar cost averaging BTC investments even outperformed the same Dow exposure since bitcoin’s all time high price in 2017. Bitcoin’s price is continuing its...Read More
Bitcoin’s price plunged 4% to $6,584, its lowest in over three weeks. Altcoins hastened their decline, sending the total crypto market to fresh six-month lows. Since peaking in late June, cryptoassets have shed more than $180 billion in combined market cap. Bitcoin’s price printed fresh three-week lows on Tuesday, as fear and uncertainty continued to...Read More
Newly appointed exchange CEO lists controversial scam token. The move stems from long-running tensions between rival factions within the cryptocurrency world – namely Bitcoin (BTC) and Bitcoin Cash (BCH) supporters. BCH supporters worry associating with HEX will come back to bite them. The CEO of Bitcoin.com decided to list the controversial HEX (HEX) token “just...Read More
Institutional investors could give bitcoin a last-minute ditch after positive developments in the ongoing U.S.-China trade war. Capital is moving out of haven assets like gold and the Japanese yen to join risk-on markets. The bull run in stocks could continue in 2020. Easing trade tensions between the United States and China is making bitcoin...Read More
Founder of recently launched HEX cryptocurrency revealed to be former internet ‘Spam King’. Richard Heart, aka Richard J. Schueler, aka, J. Richard, aka James Hart is linked to a Panama criminal network which included corrupt lawyers and judges. Heart also sold anti-aging cures in between roles as Spam King and Bitcoin thought leader. Richard Heart,...Read More
This week, a bitcoin video went viral on TikTok for the first time. It follows mentions of BTC by several high-profile investors, individuals, and companies. The video shared by crypto entrepreneur Thomas Schulz showed a room full of mining equipment with the caption, “this is why GPU prices went up.” Growing popularity of bitcoin and...Read More
Bitcoin was born in myth and continues to dwell there. It’s too early to know if BTC will end up a hero or a villain. Bitcoin has a story to tell, but this isn’t a fantasy novel. Bitcoin’s creation story borders on the mythological. A life-changing technology created by the pseudonymous, anonymous genius Satoshi Nakamoto,...Read More
Identical spelling mistakes reveal use of fake accounts to boost Twitter profile of Binance, and its CEO, Changpeng Zhao. Three separate accounts used identical phraseology when prasing the Binance cryptocurrency exchange. Twitter has attempted- and failed – to crack down on bot accounts in the past. The founder and CEO of Binance was exposed in...Read More
XRP’s price has been stagnant for a while. Multiple technical patterns estimate that an upswing is underway. A spike in sell orders could be catastrophic. XRP has been contained within a narrow trading range over the last 20 days. Now, several technical patterns are estimating that this cryptocurrency could be bound for a bullish impulse....Read More
Justin Sun’s Weibo account got deleted for violating community laws and regulations. Co-founder of Binance, Yi He, was also booted from Chinese social media site. Sun vows to resolve situation as TRX price suffers flash drop. Controversial TRON (TRX) founder Justin Sun had his Weibo account deleted on Thursday, along with the co-founder of Binance,...Read More
DigiByte (DGB) founder says TRON (TRX) is a Chinese government scam coin. TRON’s presence on Binance’s US platform threatens to undermine American lawmakers. Follows past drama between DigiByte and the Binance-TRON cooperative. TRON (TRX) is a Chinese government scam coin, and its listing on Binance US threatens to undermine faith in American lawmakers. That’s according...Read More
Privacy coin attacked for “dumping on investors”. Ethereum creator Vitalik Buterin – also an advisor for Zcash (ZEC) – says coin is exploring uncharted terrain. Market cap – but not coin price – up 40,000% since launch. Ethereum founder Vitalik Buterin leapt to the defence of privacy coin Zcash (ZEC) after a prominent crypto influencer...Read More
