Bloomberg Intelligence senior strategist Mike McGlone is bullish on Bitcoin (BTC) as he believes that “something unexpected needs to happen for Bitcoin’s price to stop doing what it’s been doing for most of the past decade: appreciating.” However, with the S&P 500 hitting a new all-time high today, traders are booking profits in gold and
admin
Bitcoin ABC, the dominant implementation of Bitcoin Cash (BCH), has published a controversial new upgrade that BCH supporters must deploy prior to November 15 to facilitate changes to the crypto asset’s core protocol. Lead developer Amaury Sechet said part of the reason for the new upgrade was to provide crucial development funding to allow Bitcoin
BitFlyer USA, the American branch of Tokyo-based cryptocurrency exchange BitFlyer, unveiled upcoming compatibility in the U.S. state of Hawaii. “We chose Hawaii due to the regulatory sandbox for digital currency they set up,” BitFlyer COO Joel Edgerton told Cointelegraph. “We also chose Hawaii due to close links between the state and Japan,” he added. “Our name recognition
There’s 88 days left until the Bitcoin Cash upgrade scheduled for November 15, 2020, and the community has been watching miners closely. On August 18, the Bitcoin ABC team published a blog post that revealed a “feature freeze is now in place,” as it contains a new coinbase rule. Moreover, during the last few days,
Tether has adopted Ethereum scaling solution OMG Network amidst record demand for settlement space on the “world computer.” “The integration [between Tether and OMG Network] will result in a reduction of confirmation times delivering faster payments while fees will be reduced without compromising on-chain security,” Tether Inc. said in a blog Wednesday. OMG Network can
As Bitcoin (BTC) price pulled back below $12,000, some investors began to worry that another crypto market crash like one that occurred on March 11 would occur. However, data from CryptoQuant, an on-chain analysis firm, suggests otherwise, as Bitcoin exchange reserves hit a 2020 low. CryptoQuant CEO Ki Young Ju said: “People keep worrying about
The economic shutdown carries with it some surprising—and welcome—reverberations beyond just the stock market. Case in point: the resulting environmental impact. The world is bearing witness to massive reductions across nearly every energy sector imaginable. At the height of the pandemic-induced economic shutdown, countries under full lockdown experienced an average 25% decline in energy demand
Cryptocurrency exchange KuCoin has issued a warning to users regarding a fraudulent website using its branding in an attempt to steal cryptocurrency. According to the report, posted Aug 19, the website is offering false incentives to entice users to deposit digital assets. It further clarifies that the web address “https://c.yrsm.net/app.php/MzI1” has no relationship to the
Bitcoin price has been flying over the last few weeks, ever since the cryptocurrency broke free from its tight trading range and took out $10K resistance. Within days, the cryptocurrency found itself trading over $12,000, where it has failed to hold thus far. For bulls to keep the momentum going, this weekly close is especially
The price of Bitcoin (BTC) broke through the resistance level of $12,000, which led to a new yearly high for the number-one cryptocurrency by market capitalization. However, the breakout was short-lived as the BTC price fell to $11,650 in recent days, marking a drop of almost 10% since the breakout. This drop caused the price
Data provider Chainlink will provide decentralized weather data for insurance startup Arbol, according to a blog shared with CoinDesk. Arbol provides crop insurance for small to medium sized farmers or enterprises. Smart contracts pay out claims to subscribers when a preset value – such as the average monthly temperature or rainfall – turns out different
Bitcoin (BTC) will only stop gaining in value if “something unexpected” stops it, Bloomberg researchers believe. Tweeting a summary of the latest Bloomberg Intelligence Commodity Primer on Aug. 19, senior strategist Mike McGlone revealed a clear bullish stance on BTC. Bloomberg: BTC price will keep appreciating Bitcoin has reentered mainstream consciousness in recent weeks thanks
Ethereum (ETH) creator Vitalik Buterin acknowledged that he both sold and donated away his Ether holdings for fiat when the price was $700. While he did not specify, it seems unlikely that he sold his entire ETH stake — though how much ETH he owns today is currently unknown. Buterin also said that he had
On Aug. 18, the Senate Intelligence Committee released volume five of its investigation into Russian interference in the 2016 election. The new version found that former CEO of Overstock.com and noted crypto advocate Patrick Byrne was a patsy to plans by Maria Butina, who is currently serving time for espionage on behalf of Russia. The
Bitcoin mining hardware maker Bitmain still has a “minuscule lead” over competitor Microbt despite the former’s ongoing power struggle and supply chain issues, according to Bitmex. Researchers at the derivatives exchange tested flagship products from the two companies, Bitmain’s Antminer S19 Pro and Microbt’s Whatsminer M30S+. Over a three-day period, the team measured various performance
Wrapped Bitcoin competitor, renBTC, has made massive gains over the past week as the project’s token’s price, and the total amount of Bitcoin tokenized using the protocol surges. Ren is in second place behind Wrapped Bitcoin, or wBTC, which is currently the most popular method of tokenizing Bitcoin for use with DeFi protocols. According to