Day: February 6, 2019

Twitter CEO Loves Lightning on Bitcoin: is it the Future of Fast, Instant Payments?

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On Tuesday, Jack Dorsey, one of the most well-known characters in Silicon Valley, just exposed his four million followers to Bitcoin (BTC) in a surprising turn of events. To the surprise of many, Dorsey, the incumbent chief executive of both Twitter and crypto-friendly Square, two technology upstarts valued at $54 billion collectively, publicly accepted a transaction via the Lightning Network. As Anthony “Pomp” Pompliano of Morgan Creek would fittingly say, “the virus is spreading.” Dorsey Experiments With Lightning, Sends Bitcoin Transaction As hinted at in recent NewsBTC report, Hodlonaut, a…

95 Percent of Cryptos Will Die

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Matt Hougan, Global Head of Research at Bitwise Asset Management and president at ETF.com, expressed his idea that most cryptocurrencies will die in an interview with Bloomberg published on Feb. 5. During the interview, Hougan declared that he thinks that “there are 2,000 cryptocurrencies out there, 95 percent of them are useless and will die a painful death” and concluded: “The sooner that happens, the better.” According to Hougan, there is a lot of what he defines as bubble-related bad activity in the crypto industry that is currently “getting cleared…

$255 Mln Lost in Crypto-Related, Other Investment Scams in 2018

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The United Kingdom Financial Conduct Authority (FCA) has reported that common investment scams’ losses — including those crypto-related — amounted in total to over £197 million ($255 million) in 2018. The agency reported the losses in an official press release published on Feb. 6. According to data from the FCA call center, the most common reported scams involved unauthorized investments in shares and bonds, forex markets and cryptocurrencies. Each victim lost an average of £29,000 ($37,000), with such types of fraudulent investments accounting for a total of 4,996 reported cases…

Little-Known Resistance May Be Blocking Bitcoin Price Bounce

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View Bitcoin continues to chart bearish lower highs along the 50-candle moving average on the 6-hour chart. The immediate bias remains bearish while the cryptocurrency is held below that average line, currently at $3,450. Recent history shows bull failures at the 6-hour 50-candle moving average are often followed by a drop below the recent low. BTC, therefore, risks printing fresh multi-week lows below $3,322 (Jan. 29 low), having faced rejection at the crucial moving average hurdle earlier today. A convincing 6-hour close above the moving average resistance will likely weaken…

US Traders Most Active Across Major Crypto Exchanges

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New data shows that United States traders are the most active across major crypto exchanges, according to a Feb. 4 tweet from data analytics firm DataLight. The U.S. has the highest distribution of traders — 60 percent — on major crypto exchange and wallet Coinbase, while on Binance, Bittrex and Poloniex, U.S. traders make up 24, 27 and 28 percent of total crypto traders respectively. American traders are less represented on Hong Kong-based crypto exchange Bitfinex, at 10 percent of traders on the exchange, while German traders make up 13…

PR: Bitcoin.com Partners With CryptoTag to Bring Space Grade Security to the Bitcoin.com Store

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This is a press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Your security and legacy is not something to be taken lightly. This is why Bitcoin.com have partnered with the security experts at CRYPTOTAG to bring their cutting edge private key and seed backup solution to the Bitcoin.com Store. The CRYPTOTAG Starter Kit gives you the tools you need to store your private keys and…

New Report Highlights Increasing Decentralization of Bitcoin Mining

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Bitcoin (BTC) mining has become more decentralized and continues to diversify, a new report from Canadian wealth management company Canaccord claimed on Feb. 6. Canaccord, which tracks the blockchain and digital currency sectors along with its other financial operations, highlighted the increasingly wide distribution of Bitcoin’s hash rate over the past five years. This, the report says, represents a competitive marketplace which in turn makes the largest cryptocurrency less vulnerable to attack. Multiple mining pools currently contribute to Bitcoin network transaction processing, with that number increasing significantly since 2014. According…

Lawyers May Sell Canada’s Biggest Bitcoin Exchange QuadrigaCX to Compensate Crypto Victims

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The name one of Canada’s largest cryptocurrency exchanges QuadrigaCX was being mentioned rather actively in headlines last month when it was revealed that its 30-year-old CEO Gerald Cotten had suddenly died. As a result, a significant amount of cryptocurrency (roughly $150 million or $180 million Canadian) became inaccessible. To put it mildly, the crypto community was shocked. How It Can be Solved Thousands the exchange customers became victims of this unpredictable situation. Nevertheless, lawyers are trying to find the most sensible way to compensate them. One of the most obvious options…

Lawyers May Sell Canada’s Biggest Bitcoin Exchange QuadrigaCX to Compensate Crypto Victims

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Photo: Unsplash The name one of Canada’s largest cryptocurrency exchanges QuadrigaCX was being mentioned rather actively in headlines last month when it was revealed that its 30-year-old CEO Gerald Cotten had suddenly died. As a result, a significant amount of cryptocurrency (roughly $150 million or $180 million Canadian) became inaccessible. To put it mildly, the crypto community was shocked. How It Can be Solved Thousands the exchange customers became victims of this unpredictable situation. Nevertheless, lawyers are trying to find the most sensible way to compensate them. One of the most…

CEO of Canadian Crypto Exchange QuadrigaCX Filed Will 12 Days Before Death

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Gerald Cotten, the recently deceased CEO of major Canadian crypto exchange QuadrigaCX, had filed a will 12 days before his death, Bloomberg writes Tuesday, Feb. 5. According to the documents obtained by Bloomberg, Cotten signed his last will and testament on Nov. 27, 2018. He mentioned his wife, Jennifer Robertson, as the only beneficiary and the executor to his estate. Bloomberg has learned that Robertson will inherit several properties in Nova Scotia, where the couple lived, and in Kelowna, British Columbia, as well as a Lexus, a Jeanneau 51 yacht,…