Month: August 2018

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. We are pleased to announce the start of the sale of GaxCoin. The launch of our Initial Coin Offering is scheduled for 11 August 2018; a fundamental date for all those who wish to contribute Read more …

Mobile payments firm Square now lets customers buy and sell bitcoins via its Cash App in all 50 U.S. states. The company – which was co-founded by Twitter chief executive Jack Dorsey – announced the service expansion through a Tweet on Monday, months after the firm initially rolled out the bitcoin service to investors in the country. As reported by CoinDesk, Square officially launched the bitcoin purchasing option on its Cash App in January following a testing phase started last Read more …

India’s government is reportedly mulling the launch of crypto tokens of its own for financial transactions in the country despite an ongoing banking ban on decentralized cryptocurrencies. An inter-governmental committee tasked to study and propose a regulatory roadmap for the cryptocurrency sector is also examining the usability of crypto tokens in the public sector, domestic publication DNA India reports citing sources. The committee is reportedly eyeing the use of the custom blockchain-based crypto as a tokenized representation of money rather Read more …

The Daily There’s blood in the streets, the water and everywhere else you may care to look today as the cryptocurrency market plunges below $200 billion with a vengeance. We’ve got the reaction from across the web in today’s Bitcoin in Brief, as well as the latest developments from the realm of stablecoins, which have been an oasis of calm amidst all the blood-letting. Also read: Bitcoin is a Permissionless, Decentralized Firearm: Cody Wilson is Satoshi Nakamoto Crypto Capitulation Sets In Read more …

Key Points Bitcoin price failed to stay above the $6,300 and $6,280 support levels against the US Dollar. Yesterday’s highlighted key contracting triangle was breached with support at $6,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair even traded to a new monthly low below $6,000 and moved into a bearish zone. Bitcoin price broke key supports near $6,280 against the US Dollar. BTC/USD may correct higher, but broken supports at $6,050 and $6,280 Read more …

Key Highlights Ethereum classic price tumbled and broke the $12.50 and $11.20 support levels against the US dollar. There is a key connecting bearish trend line forming with resistance at $11.30 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is slowly correcting higher towards the $11.00 and $11.30 resistance levels. Ethereum classic price made a sharp U-turn against the US Dollar and Bitcoin. ETC/USD broke the $12.50 support and is currently at risk of Read more …

Peter Ryan is a research analyst at CoinDesk.  The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. In Robert Heinlein’s novel “Stranger in a Strange Land,” the character Jubal Harshaw asks one of his secretaries to identify the color of a house in the distance. She replies, “it’s white on this side.” In other words, if you see something only from a certain angle, you can’t be confident you have the full Read more …

Promoted Since we launched Bitcoin.com back in 2015 all of us have been extremely busy building our website to be the number one go-to source for all things Bitcoin related. These days we have forums, a non-custodial wallet, games, educational resources, a crypto-market data portal called Satoshi Pulse, a newsdesk, and so much more. This week Bitcoin.com has launched our newly revamped charts portal which now shows the entire Bitcoin Cash (BCH) ecosystem at a glance. We’re super pumped to Read more …

The conceptual idea of the Internet of Things (IoT) with a multitude of possible use- and/or business cases has gained increasing attraction in the course of the past few years. In addition to that, the evolution of blockchain technology (or to be more general, distributed ledger technology) opened a variety of new concepts for the transaction of information or digital assets. As a combination of both, the idea of utilizing a crypto-currency for micropayments in an IoT environment has gained Read more …

Key Highlights Ripple price fell significantly and broke the $0.2800 and $0.2600 supports against the US dollar. Yesterday’s highlighted important bearish trend line is intact with resistance near the $0.2950 level on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting higher, but it could face sellers near $0.2700 and $0.2800. Ripple price nosedived against the US Dollar and Bitcoin. XRP/USD may perhaps recover a few points, but it is likely to face Read more …

South Korea’s Jeju island is seeking to become a free zone for initial coin offerings (ICOs) – a plan that, if approved, would allow crypto projects to conduct token sales in the self-governing province despite the country’s tough stance on the issue. As reported by Korean news outlet JoongAng Daily on Monday, the governor of Jeju province proposed the idea at a meeting last week with central government officials and lawmakers, including Korea’s finance minister. Governor Won Hee-ryong indicted that, Read more …

Less than two weeks after sharing Square’s cryptocurrency profits had doubled in the second quarter, the payments company made the long-awaited announcement on Twitter: users can now use Cash App to buy bitcoin in all fifty states. Red, white, and bitcoin. Now you can use Cash App to buy bitcoin in all 50 states. pic.twitter.com/D4fhVRz7WL — Cash App (@CashApp) August 13, 2018 The announcement appears to be effective immediately, with users reporting wide availability in tweets. The move is yet Read more …