Bitcoin: Awesome Amazon comparison – The Bitcoin News

The extreme fluctuations do not disturb Anthony Scaramucci. The hedge fund manager and former communications director of Donald Trump sees enormous potential for the most famous of all cryptocurrencies. The current situation reminds him of Amazon 20 years ago. His target price is mega-bullish. “I think Bitcoin is like Amazon 2000, 2001 or 2002″, says Scaramucci in his podcast “The What Bitcoin Did”. “It’s there, it’s a winner, but it’s at a very early stage.” If you look at the Read more …

XRP Going to 0?? | This Week in Crypto

 Ripple was given a massive blow by the Securities and Exchange Commission, which has filed charges against the company for selling unregistered tokens. The price of XRP crashed following the news, while the CEO of Ripple has sworn to fight the accusations. Major exchanges, most notably Bitstamp, have already announced they will halt trading for XRP in January. Someone has posted the complete lists of 1 million email addresses and 272,000 names, addresses and phone numbers of Ledger customers Read more …

Bitcoin Regains Strength, Why BTC Could Retest $28K

Bitcoin price started a downside correction from the $28,360 high against the US Dollar. BTC remained well bid above $26K, and it is likely to resume higher towards $28K. Bitcoin is showing a lot of positive signs above the $26,000 support zone. The price is currently trading above the $26,500 support and the 100 hourly simple moving average. There was a break above a major contracting triangle with resistance near $26,800 on the hourly chart of the BTC/USD pair (data Read more …

Crypto Twitter is celebrating Christmas with a new Bitcoin milestone

Crypto Twitter rang in the Christmas cheer with a new all-time high for Bitcoin (BTC), culminating a tremendous year for the digital asset. The Bitcoin price peaked at $24,661.76 on Bitstamp, surpassing the previous record set last week. The altcoin market also rebounded, with Ethereum (ETH), Litecoin (LTC) and XRP posting impressive rallies. Bitcoin’s biggest proponents took to Twitter to celebrate the new milestone — and to remind their followers to keep holding as the new year approaches. Gemini co-founders Read more …

XRP Crash Leaves Wake of Destruction Amongst Traders

XRP’s price is showing no signs of ending its tumultuous descent that was sparked by the SEC’s lawsuit against Ripple for conducting an unregistered securities offering This news sent panic throughout the market and caused the cryptocurrency’s price to crash, falling from over $0.50 before the news to lows of $0.20 yesterday Where it trends in the mid-term should depend largely on developments surrounding this lawsuit However, from a technical perspective, the cryptocurrency is currently plagued by the immense weakness Read more …

Bitcoin Parabolic Trend Is “Close To A Breakdown”

Bitcoin price has been in a strong uptrend since Black Thursday that turned fully parabolic in Q4, resulting in a new all-time high. But according to an analyst, the first-ever cryptocurrency is close to a breakdown of a parabolic curve that’s been supporting the upwards momentum for months. Is this the end of the uptrend? Or is this just another touch of the parabolic support before blasting off to another level higher? Bitcoin Goes Parabolic In 2020, What’s To Come Read more …

Ethereum Plunges Under $600 as Altcoins Crash

Ethereum has plunged lower over the past day as a result of strong selling pressure in the altcoin market. It began with XRP, which began to drag lower after it was revealed that the U.S. Securities and Exchange Commission (SEC) would be suing the Ripple company. ETH now trades for $590 but traded as low as $550 just 30 minutes ago on leading centralized exchanges. The market moved so fast that the cryptocurrency did not reach that level on decentralized Read more …

Elon Musk is making advances in the direction of a billion dollar Bitcoin investment

A lively Bitcoin debate broke out on Twitter between Tesla CEO Elon Musk and MicroStrategy CEO Michael Saylor, which made waves in the crypto space. Michael Saylor used a suggestive post from Musk for free investment advice. According to Saylor, the charisma of a Tesla entry into Bitcoin could also entice other S&P 500 companies to invest, thereby boosting BTC market capitalization and quickly increasing the value of a 100 billion USD investment by ten times. The simple calculation finally Read more …

How CBDCs drove blockchain adoption in 2020

2020 has been a year full of challenges for the world, but for a country like China with such a large population base and rapid development, it has also been a year of opportunities. On Oct. 24, 2019, China officially upgraded its blockchain technology to be a national strategic priority. One year later, the development of China’s blockchain industry has been at the forefront of the world in many ways. The number of China’s disclosed blockchain projects ranks highest According Read more …

Why Open Source Matters for Bitcoin – Bitcoin Magazine

Listen To This Episode: In this episode of “The Van Wirdum Sjorsnado,” hosts Aaron van Wirdum and Sjors Provoost discussed why it matters that Bitcoin software is open source and why even open-source software doesn’t necessarily solve all software-specific trust issues. In theory, the fact that most Bitcoin nodes, wallets and applications are open source should ensure that developers can’t include malicious code in the programs: anyone can inspect the source code for malware. In practice, however, the number of Read more …

Hong Kong OTC trading firm acquires OMG Network

Ethereum-based scaling platform OMG Network has been acquired by the venture subsidiary of Hong Kong-headquartered OTC trading firm, Genesis Block. The acquisition was announced on Dec. 3, with Genesis Block Ventures revealing plans to work with OMG to build “lending and trading platforms” for the DeFi sector. The firm also intends to leverage its connections across Asia’s blockchain industry “to accelerate the development of OMG Network” and foster partnerships throughout the region. Genesis Block said it has engaged deeply with Read more …

KP2R Network: A Decentralized Marketplace for Developers

PRESS RELEASE. The past decade has witnessed a revolution in traditional finance led by the utilization of blockchain technology. Blockchain technology has shown greater use cases since the development of leading coin Bitcoin. It has been used in different sectors of world economics including, health, agriculture, supply management, finance and many more. However, one sector that is in need for blockchain application is the online marketplace industry. Freelancing has become popular with more skilled workers preferring the flexibility of freelance Read more …