The BitMEX Insurance Fund has added nearly 13,000 BTC in 2019, reaching a total of just over 33,491 BTC as of Dec. 30. This is equivalent to 0.19% of the total Bitcoin in circulation, based on the data available at Blockchain.com. The fund, which the cryptocurrency exchange set up to ensure that liquidation orders related to leveraged positions are filled, ended 2018 with almost 20,800 BTC. This means that the fund has seen a 61% increase since the start of Read more …
Advertisment SINGAPORE, — Zcoin (zcoin.io), a privacy focused cryptocurrency is set to be the first cryptocurrency project to release Receiver Address Privacy (RAP) on a desktop wallet. RAP is an implementation of Reusable Payment Codes (BIP47) originally proposed by Justus Ranvier, which provides greater privacy by allowing users to share a single permanent address publicly without […] TheBitcoinNews.com – Bitcoin News source since 2012 Virtual currency is not legal tender, is not backed by the government, and accounts and value Read more …
Bitcoin price is currently consolidating above the $7,200 and $7,150 support levels against the US Dollar. The price is likely to climb higher again unless there is a daily close below $7,000. There is a key bearish trend line forming with resistance near $7,240 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair will most likely break $7,240 and $7,300 to start a fresh increase heading into 2020. Bitcoin price is showing signs of a Read more …
The total crypto market cap is holding an important support area near the $185.0B level. Bitcoin price is struggling to continue higher and trading close to the $7,200 support. EOS price is down 2% and it is now trading near the $2.600 support area. Binance Coin (BNB) is down 3% and it failed to stay above the key $14.00 support. BCH price is declining towards the $205 and $200 support levels. Tron (TRX) price is facing a strong resistance near Read more …
Ethereum is down around 4% from the $138 high and tested the $130 support against the US Dollar. The price is currently consolidating above the $130 support, with a few bearish signs. There is a connecting bearish trend line forming with resistance near $132 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin failed to stay above $7,300 and it is now trading near the $7,240 support area. Ethereum price is facing an increase in selling versus the Read more …
Blockchain has become a buzzword in the startup ecosystem and multinationals alike. Numerous benefits provided by the technology has incentivized businesses and governments to adopt, explore or invest in it. However, a surprising turn of events took place in 2019 when it comes to the amount invested into blockchain technology and companies behind them. After the incoming funds peaked in 2018 with $5.5 billion in capital raised, this year saw a sharp decline — with less than $3 billion of Read more …
2019 was known for the growing trend of stealth miners mining on the BTC and BCH network. On Dec. 30, data shows that 68% of the Bitcoin Cash network’s hashrate is being mined by mystery miners. As the year comes to an end, the large number of unknown BCH hashrate has attracted scrutiny. Also Read: Ethereum Proponent Virgil Griffith Deemed a Flight Risk, Judge Denies Bail 68% of the BCH Hashrate Was Recently Processed by Unknown Miners On Monday, a Read more …
On Dec. 18 Cointelegraph reported that Tron (TRX) founder Justin Sun publicly pledged to donate $1 million to Swedish activist Great Thunberg to raise global awareness of the climate crisis. Following the COP25 UN Climate Conference in Madrid, Sun tweeted: Although Sun has pledged a donation of $1 million to Greta Thunberg’s campaign, it was left unclear as to how cryptocurrency would help reduce carbon footprints through the creation of decentralized settlements. Regarding this, Sun told Cointelegraph that decentralized settlements and Read more …
Blockchain startup Hedera Hashgraph (HBAR) are facing flak on Twitter. Some reports have claimed nodes have been dropped and there are accusations of bullying its community into not using the Hedera logo. This article has been updated based on a brief correspondence with Hedera’s SVP of Communication. Hedera Says Its Nodes Aren’t Offline This morning it was reported by Twitter user @Scams_alarms that 4 out of 13 of Hedera’s council nodes went offline without any explanation. 4 out of 10 Read more …
Bitcoin has continued trading sideways within the lower-$7,000, with this latest bout of consolidation coming about after a failed attempt by BTC’s bulls to spark a rally yesterday. Bull’s inability to sustain any significant upwards momentum points to underlying weakness amongst buyers and may signal that further losses are imminent. It is important to note that Bitcoin still remains caught within a firm downtrend, and one analyst is noting that this trend is unlikely to change until BTC breaks above Read more …
Peer-to-peer filesharing giant BitTorrent announced on Dec. 30 that DLive, the blockchain-based live streaming platform, will be joining its ecosystem. Through this partnership, DLive will bring peer-to-peer content sharing and live streaming capabilities to BitTorrent’s 100 million monthly active users. DLive, which was launched nearly 2 years ago, already has over 5 million monthly active users and a passionate live streaming community. In April 2019, one of the world’s most famous YouTubers, PewDiePie, conducted his first live stream on DLive. Read more …
If you’ve been on Crypto Twitter at all over the past few weeks, you’ve likely seen Peter Schiff claim that Bitcoin (BTC) is on the verge of returning to irrelevancy. More specifically, he wrote in a tweet published in November that per his analysis of the charts, there’s a possibility that the leading cryptocurrency could plunge to $1,000. Related Reading: Analyst Who Called Bitcoin’s Crash to $6,000 Says Ethereum Bottom In This assertion has been echoed by a prominent trader. Read more …