Day: May 18, 2019

Bitcoin Payments Are Being Bulldozed for Political Reasons

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Bitcoin Core wants to distance itself politically from the former project leader Gavin Andresen, the payment protocol BIP070 he was involved with, and from the BCH-friendly Bitpay payment processor company. The attempts to remove software associated with Gavin Andresen are now having real-world effects on the security of bitcoin payments. Also read: How to Prove Ownership With a Bitcoin Cash Address and Digital Signature Bitpay Forced to Remove BIP070 Bitpay keeps getting criticized for implementing a payment protocol requirement for wallet apps looking to send money to a Bitpay BTC…

Bitcoin (BTC) Could Sell-Off Further, Plunge Under $7,000: Analyst

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Bitcoin Might Be Poised To Drop Further On Friday, the crypto market was shocked when Bitcoin suddenly flash crashed. Within an hour, the leading cryptocurrency fell from $7,800 to $6,100 on Bitstamp, as one entity seemingly triggered a massive sell-off with one large sell order, purportedly amounting to 5,000 BTC. While Bitcoin rapidly recovered, moving from $6,100 to $7,300 as of the time of writing, some fear that this move is entirely conducive to the crypto market’s short-term success. In other words, another drawdown might just be inbound. Bravado analyst…

Bitcoin Rally To $8,000 Smells Like Late-2017: JP Morgan Analysis

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Save for Friday’s sudden selloff, Bitcoin (BTC) has been on an absolute tear over the past few weeks. Since early-April, the asset has moved from $4,200 to a recent peak of $8,350 — effectively a gain of 100% — and is seemingly preparing itself for another leg higher. While many believe that this move comes off the back of booming on-chain statistics and strong fundamental developments, one Wall Street firm argues that this isn’t the case. Related Reading: Binance and Coinbase Traffic Spikes as Bitcoin Price Surges 81% YTD Bitcoin…

Blockchain as Key to Vienna’s Digital Future — Interview with Ulrike Huemer, CIO of Vienna, Austria

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Austria is Europe’s leader in terms of applying modern day technology to better the all-around welfare of its citizens. Making cities “smart” and digital is a key part of transforming public goods and services in order to reach that goal. Vienna is especially keen on innovation, trying to find new solutions by way of digitization. Easy access and clear-cut benefits are key aspects to finding broad acceptance among Vienna citizens, making them willingly partake and help to better the transformation process.   To further the breakthrough of digital technologies and make…

First Brexit, Now Trade Wars: Global Politics Driving Bitcoin (BTC) Investors

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In April, after more than a year of falling prices, Bitcoin and the crypto markets took off on a bullish rally. While the initial price jump has been tied to a massive 21,000 BTC buy, geopolitical overtones at the time concerning Brexit contributed to the wave of investment interest. During the same week that Bitcoin and cryptocurrency experienced its first bullish rally since the beginning of 2018, British Parliament and Prime Minister Theresa May were embroiled in a debate on how to handle their exit from the European Union. While…

Crypto Tidbits: ‘Spedn’ Bitcoin At Whole Foods, Cryptocurrency Cynic Flips Bullish, And Bakkt Looms

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Another week, another round of Crypto Tidbits. Over the past week, Bitcoin (BTC) has traded in a crazy range, moving between $6,000 and $8,350 in a fashion that seems very reminiscent of 2017. This came as a slew of positive news graced the cryptocurrency and blockchain market. Throughout the past seven days, a startup was revealed to be bringing crypto asset adoption mainstream, Facebook moved one step closer to launching its own blockchain-friendly network, and the financialization of the industry continues to occur. Related Reading: Crypto Tidbits: Binance Bitcoin Hack,…

Crypto Tidbits: ‘Spedn’ Bitcoin At Whole Foods, Cryptocurrency Cynic Flips Bullish, And Bakkt Looms

boss

Another week, another round of Crypto Tidbits. Over the past week, Bitcoin (BTC) has traded in a crazy range, moving between $6,000 and $8,350 in a fashion that seems very reminiscent of 2017. This came as a slew of positive news graced the cryptocurrency and blockchain market. Throughout the past seven days, a startup was revealed to be bringing crypto asset adoption mainstream, Facebook moved one step closer to launching its own blockchain-friendly network, and the financialization of the industry continues to occur. Related Reading: Crypto Tidbits: Binance Bitcoin Hack,…

Ethereum (ETH) Currently Overvalued, Correction May Be Inbound

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Ethereum (ETH) up 37.9 percent, a retest of $200 likely Barry Silbert of Digital Currency Group (DCG) is confident that prices will snap back to trend. With supportive technical and fundamental factors, Barry Silbert is positive that asset prices will shake off sellers. Meanwhile, Ethereum (ETH) is stable and up 37.9 percent in the last week. Ethereum Price Analysis Fundamental There is an element of resiliency in the ongoing correction. At the back of increasing awareness, an inclination towards data privacy and control, volatility and infrastructure development, today’s dip is…

Circle Releases Another Attestation Report on Stablecoin USDC’s USD Reserves

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Goldman Sachs-backed crypto finance startup Circle has published the latest third-party audit of its USD-pegged stablecoin, USD Coin (USDC). The company reported the update in a blog post published on May 17. USD Coin is an Ethereum-based token compliant with the ERC20 standard that was first announced in May last year and released in September. Per this week’s announcement, the audit of the coin’s fiat reserves was conducted by major Chicago-based accounting firm Grant Thornton LLP. The report released by the firm states that as of April 30, 2019 at 11:59 p.m. Pacific Time…

Despite Bitcoin (BTC) Stagnation, Economist Has High Hopes For Crypto

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Bitcoin (BTC) bears slow down In 20-30 years Bitcoin will be money says a BoE Chief Economist Andrew G. Haldane, the Chief Economist of the Bank of England, believes Bitcoin will be money in the next two to three decades. Presently, BTC is trending within a $30 range as bears attempt to press lower. Bitcoin Price Analysis Fundamental Well, it has been a see-saw for Bitcoin and most cryptocurrencies because of their direct correlation with the king. Although some skeptics as Roubini and traditional market influencers as Kevin O’Leary of…