Day: December 11, 2018

Bitcoin Dips Below $3,400 as Market Volatility Continues

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Tuesday, Dec. 11: crypto markets have continued moving in a downward trend after challenging a recovery attempt on Sunday, Dec. 9. Almost all of the top 20 coins have seen losses over the 24-hour period, with Bitcoin SV (BSV) down the most, seeing just over 6 percent losses. Market visualization from Coin360 Having failed to hold $3,500 support yesterday, Bitcoin (BTC) has briefly dropped below the $3,400 threshold earlier today. However, the intraday low $3,397 is still not the lowest point over the week, with the coin’s intraweek low around…

British Lawmaker Proposes Tax, Utility Bill Payments in Bitcoin

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Finance U.K. lawmaker Eddie Hughes has proposed that taxpayers should have the option to pay council tax and utility bills in cryptocurrencies such as BTC. The 50 year-old conservative legislator for the Walsall North constituency said the move would place the country at the forefront of digital currency adoption in Europe. Also read: Gibraltar Exchange Obtains Insurance for Crypto Assets as Cyber Attacks Soar Country at a Crossroads “You’re either ahead of the curve or you’re behind the curve, and our country is in an interesting position right now – we…

Bitcoin Dominance Hits 3-Month High as Crypto Market Limps into 2019

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Bitcoin’s share of total cryptocurrency market capitalisation is at its highest point in three months, currently standing at about 55.14 percent according to data from CoinMarketCap. Bitcoin Dominance Surges amid Crypto Price Panic The next four high volume cryptocurrencies in order of market volume are XRP with 11.14 percent, ethereum with 8.55 percent, bitcoin cash with 1.65 percent, and litecoin with 1.33 percent. The data confirms a frequently-observed pattern where crypto investors whose holdings are taking a beating choose to dump their altcoin holdings and retreat into the relative safety…

Bitcoin crash: What 3 economic professors have been saying in the last 12 months

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Economic professors have been divided on whether Bitcoin is a bubble, is a worthy competitor to fiat, or should it be regulated. However, most of them have been predicting a bitcoin crash even if it will come after 100 years. On this post, we shall sample words from both camps of economic professors concerning a possible Bitcoin crash. Steve Keen, professor of economics at Kingston University, London Instead of predicting a Bitcoin crash, Keen focused on the regulatory framework that is likely to surround Bitcoin for it to make it…

Winklevoss Twins Launch Crypto Trading App

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Cryptocurrency trading platform Gemini founders Tyler and Cameron Winklevoss have launched a mobile crypto trading app together with a new investment vehicle, according to an official blog post published Dec. 11. As the post outlines, the new app allows users to buy and sell crypto, and monitor real-time and historical crypto market prices for Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and ZCash (ZEC). Users can also see the total value of their current portfolio, and set price and percentage value change alerts for their chosen coins. Further…

Is Bitcoin Heading for $3,000? Potential Factors for a Market Recovery

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After watching the price of Bitcoin going through its roughest month for seven whole years, many in the space appear to be bracing themselves for a more brutal “crypto winter” than they ever thought possible. One market analyst believes that we could be about to drop further to a new yearly low of $3,000. That said, there has been very little in the way of negative news surrounding the number one digital asset. In fact, Bitcoin’s surrounding infrastructure has never looked better. Despite the lulls, such factors continue to inspire…

Gibraltar Blockchain Exchange Insures Its Crypto Assets With Local Broker

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The Gibraltar Blockchain Exchange (GBX) announced that it is offering insurance on all of the assets listed on its platform, in an official GBX blog post Dec. 10. The exchange reports that it will use local firm Callaghan Insurance Brokers to insure its assets, specifying that “all assets in the custody of the GBX are fully insured, including both hot and cold wallets.” The policy also reportedly “covers all forms of professional indemnity.” GBX, a subsidiary of the Gibraltar Stock Exchange (GSX), opened in July of this year and has…

Report: BTC Gets a Health Check in ‘The State of Bitcoin’

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Delphi Digital has taken a deep dive into bitcoin core in its first “The State of Bitcoin” report. The 59-page document from the digital asset investment company leaves no stone unturned, covering everything from BTC payments to coin distribution and rolling returns compared to stocks and gold. The report brings together a plethora of interesting statistics that attest to bitcoin’s growing evolution and adoption. Also read: Fundraiser Aims to Raise $1M in Cryptocurrencies for Venezuelans Better Understanding Bitcoin Few people, save for a handful of terminal haters and discredited economists, dispute…

Report: BTC Gets a Health Check in ‘The State of Bitcoin’

boss

Economics Delphi Digital has taken a deep dive into bitcoin core in its first “The State of Bitcoin” report. The 59-page document from the digital asset investment company leaves no stone unturned, covering everything from BTC payments to coin distribution and rolling returns compared to stocks and gold. The report brings together a plethora of interesting statistics that attest to bitcoin’s growing evolution and adoption. Also read: Fundraiser Aims to Raise $1M in Cryptocurrencies for Venezuelans Better Understanding Bitcoin Few people, save for a handful of terminal haters and discredited economists,…

This Privacy-Focused Interoperable Blockchain Bridges Ethereum and Bitcoin

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“Wanchain is a separate, independent, public chain,” CEO Jack Lu says on a recent December morning. He explains that it is essentially a fork of Ethereum which integrated a lot of privacy-focused changes and primarily focuses on cross-chain compatibility. Wanchain wants to be the bridge between blockchains, allowing multi-crypto transaction execution in a private manner. Officially, in text, it describes itself as “the world’s first and only interoperable blockchain with secure multi-party computation.” Wanchain layman might think of it like Ethereum + Monero with a hint of ShapeShift. Wanchain seeks…