The bitcoin price has risen by over 5 percent in the past 24 hours, as the cryptocurrency market recorded a slight recovery. Theta and Ontology recorded a rise of over 21%, becoming the best performers of the market as of June 25. Potential BTC Scenarios After dipping to a monthly low at $235 billion, the valuation of the cryptocurrency market increased to $251 billion, by $16 billion. Overall, the volume of major cryptocurrencies like bitcoin and Ethereum have risen substantially Read more …
Bitmain’s ASIC dominance has continued, with Bitmain-based mining pools collectively accounting for nearly 50% of all Bitcoin mining power. Bitmain Dominates Bitcoin ASIC Industry Two prominent Bitcoin mining pools, BTC.com and Antpool, contain 27% and 15.3% of Bitcoin’s hashrate respectively. Bitmain surprisingly owns and manages both pools, allowing the mining superpower to oversee over 42% of Bitcoin’s hashrate. Critics of Bitmain have begun to worry that Bitmain could abuse this substantial level of influence, giving criticisms along the lines of: “This Read more …
BTCC Pool Limited, the mining pool business of cryptocurrency exchange BTCC, has provisionally agreed to sell 49 percent of its equity. According to a memorandum of understanding (MOU) published on Monday by BTCC Pool and its potential buyer, Value Convergence (VC) Holdings Limited – a Hong Kong-based financial service firm – the deal would raise 147 million Hong Kong dollars (US$17 million) if finalized. It should be noted that the MOU is non-legally binding and the deal is subject to further Read more …
Key Points Bitcoin price declined below the $6,000 support and formed a low at $5,654 against the US Dollar. There are two bearish trend lines formed with resistance at $6,280 and $6,540 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair may perhaps break the $6,280 resistance and test the next resistance at $6,500 in the near term. Bitcoin price is in a bearish zone below $6,500 against the US Dollar. BTC/USD must break $6,280 Read more …
As the date for India’s banking ban on the cryptocurrency sector approaches, Zebpay – one of India’s biggest exchanges – is proactively warning users that their fiat deposits could be affected. Bitcoin wallet and exchange platform Zebpay, one of India’s largest crypto firms, has warned its customers that their fiat rupee withdrawals could stop altogether in the near future, a consequence of the Reserve Bank of India’s (RBI) recent ban. On April 5th, the central bank published a circular mandating Read more …
Technology & Security As more new people adopt cryptocurrencies, lots of newbies are creating mnemonic recovery phrases in order to make sure their digital assets are kept secure. It is very important to understand how your private keys are stored just in case there is an issue with your wallet client or device that holds your funds. Not all mnemonic phrases are the same, and restoration can be difficult for certain types of derivation paths. Today we are going to Read more …
Bitcoin Private, Bitcoin Diamond, Bitcoin Gold, Bitcoin Atom, Bitcoin Candy, and Bitcoin Pizza are some of the 44 bitcoin forks that have emerged since the initial Bitcoin Cash hard fork in August of last year, as TNW reported. Within the past 10 months, 44 forks of the Bitcoin protocol have emerged, but crypto investors are not taking them seriously. Fork vs Airdrop A hard fork occurs when a miner mines an invalid block by allocating hash power into the Bitcoin Read more …
Key Highlights ADA price fell below the $0.1500 support and traded towards the $0.1200 support against the US Dollar (tethered). A major bearish trend line is formed with resistance near $0.1400 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is consolidating below the $0.1400 resistance and is currently in a bearish zone. Cardano price remains in a negative bias against the US Dollar and Bitcoin. ADA/USD must clear the $0.1400 resistance to move back Read more …
With a plethora of business blockchains vying for prominence, banks are under increasing pressure to pick a winner – after all, without network effects, surely the benefits would be lost? While that might be conventional wisdom, Commerzbank AG, one of Germany’s largest financial institutions, is taking a different tack. Rather than choose one protocol on which to build proofs-of-concept, it’s chosen five. It started out a few years ago building on MultiChain, before adding BigChainDB to its development process. Since Read more …
Here’s what happened this week in Bitcoin in 99 seconds. Some market watchers blamed the bearish price action on news that Japan’s largest exchange, BitFlyer, was ordered to suspend new account registrations. Japan’s Financial Services Agency, which oversees crypto exchanges, has demanded that BitFlyer improve their KYC / AML processes. Those who lost bitcoins in the Mt. Gox failure will receive a partial settlement of $450 per coin. This sum will be paid out mid-2019 in BTC, rather than Read more …
According to a cryptocurrency research group, the bitcoin price could increase to over $35,000 with the emergence of a bitcoin exchange-traded fund (ETF), which isn’t that far away. Road to $35,000: Institutional investors or ETFs Prominent investors including Ari Paul, the co-founder of BlockTower, a cryptocurrency hedge fund founded by former Goldman Sachs executive, have said that the next mid-term rally will likely be triggered by institutional investors potentially before the end of 2018. Paul said that the last barrier Read more …
Ebang Communication, one of the largest bitcoin mining chip makers in China, is seeking to go public on the Hong Kong Stock Exchange (HKEX). The company filed an application for an initial public offering with the HKEX on Monday, document shows. Since the application is still in draft form, it’s unclear at this stage the valuation of the Zhejiang-based company or how much it intends to raise. The filing confirmed an earlier report from Reuters which indicated in May that the firm was Read more …