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In around 300 days, Bitcoin (BTC) will experience what is known as a “halving” or “halvening”. This event, which occurs in predictable four-year cycles, sees the amount of the cryptocurrency issued every ten minutes halve, this time from 12.5 coins to 6.25 coins per block. Related Reading: Bitcoin Bears Ramp Up Selling Pressure as Weekly Close Looms; Factors & Trends This is Bitcoin’s monetary policy, which is practically set in stone due to the consensus mechanisms that Satoshi Nakamoto implemented Read more …

View Bitcoin logged gains in the three days to July 20, snapping the longest losing streak on the three-day chart since December. The bias, however, is still bearish with prices holding below $11,080 (as per Bitstamp). Key indicators on short-duration charts are biased for a fall back below $10,000. A 4-hour close above $11,080 would activate twin bullish cues and could yield a rally to $12,000. A weekly close (Sunday, UTC) or consecutive daily close above $12,000 is needed to Read more …

The FairX company, which promoted itself as a crypto bank, recently announced that it was closing down its operations. The announcement was made on July 19 by the FairX co-founder through a meandering series of tweets, which cited that the biggest reason as to why he was shutting down his operations was due to lack of finances.  Hello! It’s about time I do an update – the last one of this kind – on where we are in terms of Read more …

When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day. One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Read more …

When you need to break down a complex issue, it’s best to ask an expert. eToro Managing Director, Guy Hirsch, appeared on Bloomberg TV to discuss Facebook’s Libra project and comment on the company’s first day of Senate hearings. https://finance.yahoo.com/video/facebooks-marcus-did-great-job-223329542.html In the segment, Hirsch praises Facebook’s blockchain lead, David Marcus, for the exemplary job testifying in front of the Senate Banking Committee. According to Hirsch, Marcus provided lawmakers with a clear and informed explanation of Libra’s role in the future Read more …

The cryptocurrency market is quite mundane following an action-less weekend session. Bitcoin price briefly stepped above $11,000 but immediately corrected towards the key support at $10,500. Investors do not mind the calmness across the market as the last couple of weeks have been nothing but a rollercoaster ride. As reported by CCN bitcoin price within the two weeks from July 10 shed 18 percent from levels slightly above $13,000 to the current market value at $10,605. Besides, Bitcoin dived to Read more …

4 percent of Americans chose Bitcoin and other cryptocurrencies as the best investment option for the long term, according to a recent SSRS study. Separately, an earlier survey, commissioned by Fidelity Investments, concluded that 47 percent of institutional investors see crypto-assets as part of their portfolios. Bitcoin on its Way to Becoming America’s favorite Investment Option SSRS conducted the survey on behalf of Bankrate.com to identify America’s most popular long-term investments. Thus, researchers posed the following question: “For money, you Read more …

There is a growing trend across the world for nations to stock up on reserves of assets as a hedge against fiat and influences beyond their control. Gold is the standard but Bitcoin is rapidly catching up and one nation now has reportedly more BTC than their gold reserves. As further investigation reveals, however, this may not have been a state orchestrated move and appears to be still one that they are trying to deny. First Nation to Exceed Gold Read more …

In a Twitter thread so winding that it should have been a Medium post, the founder of FairX, a so-called crypto bank, announced the company was shutting down. The tweetstorm, posted on July 19, offered a complete rundown of the problems facing a modern crypto-banking solution. The biggest problem? He ran out of cash. Let me start right off the bat by telling you our original goals of creating a licensed national bank is unfortunately failing. The immediate reason is Read more …

Amid the kerfuffle last week over Facebook’s Libra cryptocurrency project and its potential regulation, the U.S. Financial Industry Regulatory Authority (FINRA) quietly extended its deadline for firms to report their crypto activity. The self-regulatory body for brokerages and exchanges had last year requested (it says “encouraged”) that member companies inform their regulatory coordinator informed if the firm or associated individuals or affiliates, “engaged, or intended to engage, in activities related to digital assets.” The request included “digital assets that are non-securities” Read more …

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Crypto market trading pioneers Folgory launch fully integrated app and regulated trading exchange Tallinn, Estonia, 22nd July 2019, Folgory, the fully integrated app and trading exchange launches to bring a range of services to crypto users. The intellectual and logistical demands of trading Read more …

Bakkt’s long-delayed bitcoin futures platform is scheduled to begin testing today.  The trading platform, aimed squarely at institutions, is widely expected to be a game-changer and a major catalyst for the bitcoin price. As Fundstrat concluded last week, investors are eagerly waiting on the sidelines: “There appears to be a critical mass of adopters ready to come on board on Day 1 of the Bakkt launch… The launch could be a huge accelerator for market growth.” Bakkt’s Bitcoin Moonshot Bank-rolled Read more …