Day: December 27, 2018

Scientists Turned Copper into Gold: Can We Expect the Same for Bitcoin?

boss

Photo: cabriolet2008 / Flickr From the beginning of the world, scientists have always surprised the wide audience, presenting new developments and inventions that had never been seen before. Though it may seem that today nothing new can be discovered, it is definitely a mistake to think so. And Chinese researchers have recently proved it. New Gold As it has become known, scientists from China have made a cutting-edge discovery and created a material which behavior under certain conditions is very similar to the behavior of gold. According to researchers, this…

7 Months After Ethereum dApps Bet Was Made, Joseph Lubin Still Quiet On The Matter

boss

Jimmy Song Bitcoin engineer-turned-instructor Jimmy Song has said that seven months after Joseph Lubin announced a public bet with him concerning the future of Ethereum, the ConsenSys CEO is yet to put his money where his mouth is. It will be recalled that at Consensus 2018 in May, Lubin and Song announced an audacious wager onstage at the event for “any amount of bitcoin” on the premise that the availability of decentralized apps with real user traction will become widespread within five years. Although the bet was publicised at the time…

Bitmain Layoffs Could Pull Down Bitcoin Cash and Litecoin Prices in 2019, Says Crypto VC

boss

Photo: Trung Kien / Flickr Bitmain, the world’s largest manufacturer of ASIC chips for Bitcoin mining, is reportedly running out of money, that’s why its operations across mining and blockchain development have been stopped. Therefore there are rumors about the company laying off half of its staff. The layoffs will likely occur across all divisions, but those working on newer investments like artificial intelligence and blockchain technologies are expected to be impacted most. Bitmain has already fired the entire Copernicus team which was working on the development of a new Bitcoin Cash client. Bitmain commented: “A part of that…

‘XRP The Base’ The Movement Gets CZ Nod, Cryptosphere Yawns

boss

‘XRP The Base’ The Movement Gets CZ Nod, Cryptosphere Yawns December 27, 2018 by Paul de Havilland Ripple XRP crusaders got their long-cherished wish on Christmas Eve from Binance, with XRP the base currency becoming a reality for a couple of trading pairs on the world’s highest profile exchange. But does it really mean much? Also read: ConsenSys to Shrink With Ether Price, Lubin Remains Upbeat Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts XRP The Base, XRP The Standard Ripple has no shortage of fans. On…

Another Plus One For Crypto: Morgan Stanley Fined For Failing to Detect Money Laundering

boss

Major banks are often spewing anti-crypto rhetoric over its potential to be used for money laundering. So it is a little ironic when one of the world’s largest banks gets fined for not doing enough to prevent or detect it. $10 Million Fine For Morgan Stanley An article in the Wall Street Journal yesterday reported that Morgan Stanley had been fined $10 million by Financial Industry Regulatory Authority in a probe into its anti-money laundering (AML) program. On Wednesday Finra said that the banking giant had “failed to adequately detect…

Bitcoin Could Soon Become Legal in India

boss

Owning and using Bitcoin could soon become allowed in India, as the second interdisciplinary committee appointed to vote on the legality of cryptocurrencies is in favor of legalizing it, the New Indian Express reported on December 26, 2018. India’s Harsh Stance on Crypto Despite the number of crypto and blockchain experts in India being second only to the U.S., cryptocurrencies are still largely frowned upon by the country’s financial regulators. Back in March 2017, the Indian government set up an interdisciplinary committee whose aim was to determine the legality of…

Cryptocurrency in India Maybe Legitimized After All

boss

This year has been particularly bad for Indian crypto traders and investors with constant government crackdowns and a shroud of uncertainty about the future of the industry in the county. That may be all about to change as a recent report indicates that regulation and legitimization could be on the way in India. India’s Year-long Oppression of Crypto The crackdown culminated with a ban on holding crypto assets as the Reserve Bank of India (RBI) spent the best part of 2018 trying to quash them.  Banks were banned from dealing…

The 2018 Bitcoin Mining Ecosystem Saw Record Hashrates and New Devices

boss

Mining 2018 was a crazy year in regard to the price of cryptocurrencies losing more than 80 percent of their values since they touched all-time highs. Interestingly enough, even though the prices of major digital assets plummeted, the hashrate for SHA-256 coins skyrocketed during the months of August through October. Although the hashrate has declined significantly since the price was severely impacted negatively this past November. Also Read: Crypto Bear Market Triggers Rise in M&A Activity A Look at the Hashrates Securing the Most Popular SHA-256 Coins in 2018 Cryptocurrency miners…

Bitcoin Price Watch: BTC Could Extend Losses Below $3,600

boss

Key Points Bitcoin price failed to correct higher above the $3,840 and $3,900 levels against the US Dollar. There is a major bearish trend line in place with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently at a risk of a downside break below the $3,660 and $3,600 support levels. Bitcoin price is consolidating losses above the $3,600 support against the US Dollar. BTC may continue to struggle and it could even break the $3,500 pivot area. Bitcoin Price…

Why Ethereum Could Quickly Hit $200 Again

boss

This year has been a rough one for most cryptocurrencies but some have fared worse than others. Ethereum is one of those heavy sufferers that has lost over 90% since its peak almost a year ago. According to Arthur Hayes, CEO of Hong Kong based BitMEX, the revival of Ethereum could be just around the corner. Speaking to Cointelegraph Japan he said ETH could quickly return to $200 once new ICO projects start hitting the markets. According to Sludgefeed which translated the article, Hayes added; “Once there are new issues,…