Tag: bitcoin

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” …

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 …

There are a number of differing metrics analysts use to determine the health of the Bitcoin ecosystem. Hash rate and transactions are two of the most popular but distribution in terms of the number of addresses can also be used to determine adoption rates. Bitcoin Addresses Increasing Over the past two years the number of BTC addresses has surged indicating that the asset is undergoing greater adoption. The largest gain is the number of addresses with less than a million satoshis which also suggests a more even distribution that is not just a few whales or large exchanges. According to director of research at The Block, Larry Cermak, this is a very bullish metric. “This is probably the most bullish chart on Bitcoin I’ve seen to date. …

The KeepKey hardware wallet has begun shipping today, after being officially announced on July 19 of this year (although the device itself had been in development for approximately one and a half years). KeepKey is the brainchild of Darin Stanchfield, Founder of the company, who began development on the project in 2014 after becoming frustrated with the lack of hardware wallet options available at the moment, as well as a mishap with a pre-order from an unnamed competitor. “I decided at that moment that instead of waiting for a device to be built by someone else, I was going to take up the initiative myself. And so the seed of the idea for KeepKey was born. My goal became to create a device that bridged the gap …

Economic hardship, whether driven by trade wars or political divisions, usually drives investors into safe haven assets. It has been the case for gold and Bitcoin this year as currencies get crushed and recession fears loom. Britain’s Brexit woes may spell short term doom for the fintech industry but it is likely to have the opposite effect on Bitcoin. Could Brexit Batter Blockchain Startups? As the deadline for Britain’s exit from the European Union approaches, the political squabbling has intensified. The infighting between politicians wanting to remain and those wanting to leave the EU has gone on for three years causing more economic damage and uncertainty than the event itself. The media is also clearly divided as is the population. Forbes has sided with the purveyors of …

Bitcoin Press Release: Particl has announced the launch of its open online marketplace.The site offers superior privacy to most of its biggest competitors and makes it much easier to buy items with cryptocurrency.  New York, August 14, 2019 – Leading online retailer Particl.io officially launched its marketplace at 8 am EST on Monday, August 12, 2019. Particl is an entirely decentralized ecosystem built around a native privacy coin called PART. Particl is dedicated to addressing the biggest issues still plaguing crypto: the inability to effectively spend cryptocurrencies without friction, and with the full guaranty of privacy. Particl network enables users to buy and sell goods without submitting any personal information to the marketplace operator. This makes the system fully private because the only required data is the shipping address. Therefore …

Akon — you know, the artist behind songs like “Don’t Like Me” and “Lonely” — is a fan of Bitcoin. Related Reading: Why Once a Bitcoin Skeptic CNBC Anchor Became an Enthusiast This week, the (dare I say) legendary music producer took to the “The Breakfast Club”, a prominent radio show followed by literal millions, to talk Bitcoin and cryptocurrency. And interestingly enough, he seems to have digested what makes decentralized forms of money better than their centralized counterparts. In other words, he’s “woke”. The Currency of the People “Cryptocurrencies are actually much more stable than fiat money” may read like any old tweet from a Bitcoin maximalist, but this was the opening declaration Akon made during his interview. As …

Bitcoin looked cautious on Thursday as the United States and China announced that they would restart trade negotiations. Chinese Vice-Premier Liu He and the US Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer earlier today spoke over the phone. The two sides decided to meet in Washington in mid-October to negotiate a win-win trade deal. “On the basis of full preparation by the working groups of both sides, efforts striving for substantive progress will be made in the 13th round of China-US high-level economic and trade consultations in early October,” ministry spokesman Gao Feng said in an interaction with the press. “The economic and trade teams from both sides have maintained effective communication.” The news sent Asian markets soaring. …

Paypal was once among the favored methods for buying and selling bitcoin. This should come as no surprise. After all, Paypal is one of the Internet’s largest online payment processors while Bitcoin is the most popular digital currency. The two should be a match made in heaven, right? Actually, selling bitcoin may violate Paypal’s terms and services. For one, Paypal prohibits activity that “(h) involves currency exchanges or check cashing businesses.” While the debate over whether bitcoin is a digital asset or currencies continues to rise, the above prohibition adds complications for bitcoin traders. Second, scammers have been using a quirk in Paypal’s payment system to successfully scam people. Basically, someone will use Paypal to purchase Bitcoin, then claim that they didn’t receive anything. Since Bitcoin …

One of the current negatives in the crypto industry is the tribalism and Bitcoin bickering between rival clans online. While healthy discussion on the pros and cons of virtual money should be encouraged, it often deteriorates into digital mudslinging which detracts from the real issues at hand. Schiff vs Pomp in Bitcoin Battle Goldbug Peter Schiff has been very vocal in recent days and has ramped up his anti Bitcoin rhetoric to the levels we would expect from the likes from permabear Nouriel Roubini. The underlying trend with those that do not believe in cryptocurrencies is that they are old school investors that prefer old school, tried and tested financial vehicles such as stocks and commodities. In the same way that the internet revolutionized the flow of …