Crypto Currencies Investing, Mining, Trading News & Updates
Facebook Libra and Calibra wallet that goes with it have undoubtedly faced more opposition and controversy than any other stable coin and that too before it is even launched. From the United States government to international banking organizations and the G-7 countries have mostly been critical of the stable coin being launched by Facebook Inc, […]
As per a report by Forbes, security researchers have warned that the bitcoin blockchain is under an attack by a new strain of the Glupteba malware which is capable of using the bitcoin network to resist attacks itself. Glupteba Exploits Security Vulnerability To Shield Itself from Attacks According to TrendMicro’s latest blog which details the […]
“I disagree with your view on bitcoin on 10 very intelligent levels.”
Sometimes it takes an artist fascinated by tech systems to reveal how capital structure affects everything.
Bitcoin and the aggregated crypto market incurred a sudden influx of buying pressure late-yesterday that allowed most major cryptocurrencies to post some decent gains, although these were largely erased overnight as BTC dropped back down towards $10,400. Bitcoin’s consistent ability to post strong bounces with each visit into the $9,000 region certainly provides some justification for a bullish outlook on the cryptocurrency, but one analyst is now pointing to the existence of a large falling wedge, which may mean that BTC will drop as low as $7,400 before positing a sustainable rally. Bitcoin Fails to Rally Overnight At the time of writing, Bitcoin is trading up nominally at its current price of $10,440, which marks a slight rise from its 24-hour lows of below $10,400, but …
Over the past week, Bitcoin (BTC) has managed to embark on a strong recovery, gaining some 10{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940} after a brutal drawdown to $9,300. Despite this, one indicator says that the cryptocurrency is still well overvalued, potentially by upwards of 35{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940}. But does that mean Bitcoin is going to fall to its “fair value”? No, unlikely not. Here’s why Bitcoin Price Above “Fair Value” Due to the fact that Bitcoin doesn’t generate cash flow, provide dividends, have a fixed yield, or abide by any other traditional instrument’s premise, investors have long struggled to fairly value the cryptocurrency. Related Reading: Inverse Bitcoin Price to Yuan Correlation Sets a New Record The best idea so far has been to give Bitcoin a “fair value” …
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Christine Lagarde, who has been nominated by European governments to replace sitting European Central Bank President Mario Draghi, appears kinder to the burgeoning cryptocurrency industry than her predecessor. In a statement issued to the Economic and Monetary Affairs Committee of the European Parliament, the former managing director of the International Monetary Fund laid out her guiding philosophy and game plan for how she will govern if her nomination is ratified. A Crypto-Friendly Statement In the speech, the EU Central Bank’s nominee briefly touched on the topic of innovative technologies, including cryptocurrency. And her touch was gentler than most. “In this environment, central banks and supervisors need to ensure the safety of the financial sector, but also to be open to the opportunities provided by change,” …
“It’s dangerous to go alone. Here, take this.” Thus begins the latest computer game from crypto-focused gaming company Blockade Games. “Just kidding! You must start your journey with nothing!” recants a wizard-turned-demon as you attempt to collect your would-be first weapon in the game, a fork, in an abandoned cave. This is how you embark on your journey in the “The Ledger of Szabo”: with nothing and no particular direction. The game’s initial interaction — as its name and gameplay would suggest — is an overt homage to “The Legend of Zelda,” the flagship game of the eponymous franchise which was released on the Nintendo Entertainment System in 1986. Thirty-three years later, its style and vibe are replicated and repurposed …
Bitcoin Press Release: EurekaX is presently preparing to launch an upgraded version of the world’s most advanced cryptocurrency exchange, with a liquidity pool to compete with the likes of the biggest crypto exchanges. In addition to this, EurekaX are offering a significant giveaway of its native crypto, EurekaCoin (ERK), for all users who sign up before August 21st. 5th August, 2019, 2019, London, United Kingdom– Notoriously, cryptocurrency trading platforms have been plagued by the issue of liquidity. For the uninitiated, liquidity typically refers to the ability to readily convert a cryptocurrency without waiting too long for the trade order to be matched. High trading activity often means that buy and sell orders are likely to be fulfilled quickly, relieving a trader of the stress often associated with waiting …
XRP community on Twitter distinguishes itself from the rest by the title bestowed upon it- ‘XRP army’; however, a troop from this army has shifted allegiance. Leading this faction is a Twitter user ‘Crypto Bitlord’, according to whom, he/she (they) act as the delegated spokesperson for a disenchanted and disillusioned camp. Bitlord’s first operation was […]
Bitcoin is seen to be losing market dominance as alts are trying to make a comeback from the shock they experienced as a result of the bearish movement which rode through the crypto markets last year. Some analysts believe that alts will make a comeback and resume a drastic bullish movement, rising alongside BTC. BTC […]
“(Dollars) aren’t moved digitally. They are moved electronically.”
We need to create an environment in which the benefits can be reaped while minimising the risks
Ever since Bitcoin (BTC) was birthed, its early adopters have dreamed of a world where cryptocurrency is the go-to medium of exchange, not fiat currencies. But, ten years since Bitcoin was released, this dream has not been had. Related Reading: Bitcoin Pioneer Adam Back: BTC Price at $50,000 “Not Far Off” Cryptocurrency pundits on Twitter estimate that less than 1{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940} of the world’s population know anything material about this technology; Bitcoin itself processes much less than 1{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940} of all digital transactions (Amazon alone purportedly processes over 300 transactions a second) that take place each and every day. But, there is increasing evidence that the digital asset is going mainstream slowly at first, then all at once. Bitcoin Going Mainstream Didi Taihuttu is the Dad of the renowned …
Ethereum (ETH) incurred a significant amount of upwards momentum yesterday that came about after the aggregated altcoin market posted some decent gains that led many cryptos to surge 5{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940} or more. Importantly, this surge may ultimately be fleeting, as one analyst is noting that ETH has “fake pumped” on multiple occasions as of late, with each pump being followed by lower lows. Ethereum Surges Past $180 At the time of writing, Bitcoin is trading up nearly 5{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940} at its current price of $182.45 and is up significantly from its daily lows of just over $170 that were set yesterday. This explosive movement upwards led ETH to highs of just under $185, which was a previous level of major support for the crypto that has likely flipped into …
Cryptocurrency exchange and custodian Gemini has announced that Noah Perlman, former global head of financial crimes and chairman of the political action committee at Morgan Stanley, will be its new chief compliance officer. Tyler Winklevoss, one of Gemini’s founders, announced this development on September 4, 2019. The announcement states that Perlman’s appointment goes hand-in-hand with Gemini’s policy to “ask permission, not forgiveness.” “We chose this path because Compliance is one of Gemini’s four pillars along with Product, Licensing, and Security,” according to the announcement. “We are excited for Noah to continue to build on Gemini’s tradition of compliance.” The Winklevoss’ operation at Gemini has long emphasized compliance. After its proposal for a bitcoin ETF was shot down by the U.S. Securities and Exchange …