Over the last two months, Bitcoin price has rallied from the depths of the bear market to a well over a 100% gain for crypto investors who bought when there was “blood in the streets.” Those who did catch the bottom have watched at their investment in Bitcoin double in short order, with little to no corrections throughout, expect for a flash crash that saw Bitcoin filling gaps left on the chart during after hours futures trading. However, last night, Read more …
Bitcoin’s benefits over fiat unexpectedly hit the spotlight again May 31 after cryptocurrency exchange Binance generated a giant transaction while moving funds. Bitcoin Moves Half A Billion In Minutes Data from Whale Alerts, which monitors transactions on cryptocurrency blockchains, initially worried commentators after showing a series of transactions worth over $500 million. “This was an internal Binance transfer. No need to panic,” staff subsequently clarified. Attention subsequently turned to a different aspect of the transactions as social media users followed Read more …
By CCN: The Dow and broader U.S. stock market booked heavy losses on Friday after the Trump administration took its tariff war south of the border to Mexico, amplifying concerns about a synchronized slowdown in global economic growth. Dow Implodes; S&P 500, Nasdaq Follow All of Wall Street’s major indexes headed sharply lower Friday, extending a brutal pre-market session for Dow futures. The Dow Jones Industrial Average declined by as much as 329 points. It would later pare losses to Read more …
Bitcoin has the potential to revolutionize the African continent. Through Bitcoin, millions of unbanked Africans will have access to financial services. These and many more such statements exist across the internet. All these statements are true. But, despite all the benefits that Bitcoin is expected to bring to African countries, adoption levels in Africa continue to be the lowest globally. Which begs the question, “If Bitcoin is to help Africa catch up with the rest of the world, what is Read more …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Michael Novogratz, founder and CEO of cryptocurrency merchant bank Galaxy Digital, believes that the adoption of the blockchain technology by mainstream technology companies and interest by Wall Street firms helped start the rally. He Read more …
It took bitcoin just five hours to drop from its year-to-date high of $9,090 to $7,972. But, according to Crypto Michaël, the world’s leading cryptocurrency is still bullish. The prominent cryptocurrency analyst said on Friday that bitcoin’s 13 percent drop could be a “normal retracement,” notably after a giant move that pushed the cryptocurrency’s rate up by almost $5,000 in just two months. Michaël further noted that traders bought bitcoins immediately after its latest dip. As a result, the cryptocurrency recovered Read more …
Coinbase president and chief operating officer Asiff Hirji is leaving the cryptocurrency exchange, the company confirmed Friday. Hirji joined the crypto unicorn in December 2017, joining after a stint at venture capital firm Andreessen Horowitz. “We’re incredibly grateful for Asiff’s contributions over the past 18 months,” Brian Armstrong, co-founder and CEO of Coinbase, said in a statement. “His experience and mentorship helped guide Coinbase through an important chapter in its history. He joined at a critical time when both the Read more …
We are all Satoshi Nakamoto, but some of us are more Satoshi than others. The following 10 characters have all been flagged as Bitcoin’s elusive creator on account of similarities with the digital man of mystery. Whether one of these characters is Satoshi himself is a matter for you to decide. Also read: Facebook Globalcoin: Killer or Multiplier? Vili Lehdonvirta Pros: The Finnish professor is one of the first people to be suggested as Satoshi, in a 2011 New Yorker Read more …
Japan has officially revised its laws to provide more clarity – and tighter controls – over cryptocurrency. The legislation amending the Payment Services Act and Financial Instruments and Exchange Act was formally enacted on May 31 and will take effect in April of next year. Among the notable changes, the act does away with the definition of “virtual currency” and replaces it with the broader term “cryptographic assets.” Further, any company even storing cryptocurrency will be considered a “cryptographic asset exchange” Read more …
Binance Coin (BNB) falls 6.1 percent If the rumor is true, Binance is close to activating Margin Trading After six months of stellar performance, Binance coin (BNB) is correcting. Even so, if Binance enables margin trading, the demand for BNB will increase, buoying bulls aiming at $43. Binance Price Analysis Fundamentals They may be centralized and prone to hacks, but exchanges play a crucial role in the crypto ecosystem. Not only do create a market place for even the most Read more …
By CCN: It seems Craig Wright has launched a trend of people laying claim to the copyrights on the Bitcoin whitepaper and early code. While anyone can do it, the works belong to Satoshi Nakamoto – whoever he, she, or they may be. Other than potentially being one way to prove one’s self as Satoshi in a court of law, the copyrights don’t provide much power. How Far Will Craig Wright Go to ‘Prove’ He Created Bitcoin? Craig Wright’s Bitcoin Read more …
By CCN: Billionaire venture capitalist Tim Draper is one of the biggest advocates of the cryptocurrency space. He is famous for his bullish $250,000 bitcoin price prediction, which would reflect a 5% market share around the world in the coming years. Draper supports competition in the space and in addition to bitcoin is also a fan of smart contract technology, other blockchains including Ethereum, artificial intelligence, and big data. But something he reportedly takes an issue with is Ethereum economics, Read more …