Since dropping from its 2019 high at $13,800, Bitcoin (BTC) has been in a rut which has led to the price retracing roughly 43% to $7,800. Traders would take a more conservative approach and describe the last two months of price action as consolidation which is typical after parabolic advances. With the 2020 Bitcoin halving event approaching, the ultimate question on the minds of most investors revolves around whether or not Bitcoin will reach a new all-time high on the Read more …
Layer1, a cryptocurrency infrastructure platform, has secured $50 million in series A funding in a bid to revolutionize the bitcoin mining space in the U.S. According to a Layer1 blog post published on October 15, 2019, the funding (which values the company at $200 million) came from legendary investor Peter Thiel, among others. This isn’t the first time that Layer1 has accessed external funds to bankroll its operations. In December 2018, the company successfully raised $2.1 million in seed funding Read more …
A U.S. federal grand jury indicted a South Korean citizen for operating the largest child porn site by volume, where visitors spent millions of dollars worth of bitcoin to pay for the illegal content. Jong Woo Son, 23, the owner of the Welcome to Video (WTV) site has also been charged and convicted in South Korea and is currently in custody serving his sentence there, the Department of Justice said. The DOJ said 337 site users from 22 U.S. states Read more …
This morning, Bitcoin price briefly broke back below $8,000 and is currently teetering on the support line – which could possibly be the last stand for bulls in this range before new lows are reached. But all is not lost for bulls, and if Bitcoin buyers can push the price of the leading crypto asset up past a key resistance level, the bull market could be back on. If not, falling even deeper to find new support will be the Read more …
In just the last few months, the entire landscape of the crypto industry has changed. Innovation once came from within, with a number of early influencers earning god-like status among the crypto community. In 2019, the industry is marching to a very different tune, with tech companies expanding their influence out of their respective sectors and into the realm of finance. Telegram’s Telegram Open Network (TON), powered by its own in-house cryptocurrency, Gram, hoped to be the first token-backed product Read more …
Is Bitcoin (BTC) teachable? As Satoshi Nakamoto once commented on Bitcointalk, “If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.” Universities Already Hold Courses on Blockchain In 2019, multiple blockchain or BTC courses already exist – so why not an entire undergraduate program dedicated to various issues of crypto coins. Which university will have the first Bitcoin Studies program? Multidisciplinary across CompSci, Economics, Philosophy. Would prob have among the highest Read more …
Advertisment Qtum is set to go through with its first hard fork on its Proof-of-Stake in order to enhance its smart contract functionalities. The network upgrade is expected to take place on October 17 and bring dramatic improvements to how the Qtum smart contracts work. One of the included proposals, Qtum Improvement Proposals (QIPs) will add new features and enhancements. The upgrade will enable third-party gas payments which will allow users to make use of the Dapps running on the Read more …
Bitcoin is currently directionless – but the sea change is always around the corner. Back in 2015, BTC saw an unexpected pump where it broke above the $300 level for the first time. Halloween Pump Marks Historical Breakthrough In 2015, BTC broke its bounds and reached prices above $300 in what became known as the Halloween pump. Four years ago exactly, Bitcoin went through what I will always remember very fondly as the "Halloween Pump". Price jumped by 50% a Read more …
The initial phase of Bermuda’s national blockchain-based electronic identification program is setting sail, one of very few such initiatives anywhere. A digital ID solution for citizens, businesses and government bodies, the Perseid e-ID project is being carried out in partnership with identity program Perseid Network and decentralized credential verification protocol Shyft Network. According to a press release from Shyft on Wednesday, phase 1 entails the establishment of the Perseid base layer to begin onboarding smart contracts such as Shyft Network’s Financial Action Read more …
The Chinese central bank has pumped nearly $30 billion into the economy after recent data showed a slowdown. Chinese crypto investors may get another lucky break if the funds overflow into the sector. Funds Flow In to Heal Slowing Economy People’s Bank of China injected $28 billion through loans to commercial banks, reported Bloomberg. The sum, equivalent to $200 billion yuan, will be available for a year-long term. The central bank accelerated the new cash injection, which was expected this Read more …
Craig S Wright, an Australian computer scientist who claims that he created billions of dollars worth of payment protocol Bitcoin, accused Satoshi Nakamoto of plagiarizing his paper. The Bitcoin SV founder stressed that he is the original author of Bitcoin’s whitepaper during CC Forum in London. According to eyewitness Toni Vays, a famous cryptocurrency trader, who was also available at the event, Wright did not offer proof that could substantiate his claims. Instead, he said he would need to win a Read more …
Advertisment Residents of Bermuda are now able to pay their taxes in USD Coin (USDC), a crypto stablecoin which is pegged to the USD value. The government of Bermuda now allows its citizens to use crypto to pay “for taxes, fees, and other government services.” The USDC stablecoin was launched back in 2018 by top cryptocurrency exchange Coinbase in partnership with Circle. The companies have issued $1 billion worth of USDC up until now. And now it appears that Bermuda Read more …