Day: June 10, 2019

Crypto Platform Says It Aims to Solve Bitcoin Scalability Issue

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Crypto platform ILCoin says it is developing a “modern alternative to bitcoin” without scalability issues by using “pioneering technology” called command chain protocol (C2P). The protocol of C2P, created by ILCoin, is supposed to solve the main problem of the Bitcoin blockchain — the lack of scalability — by enlarging the block size. The startup says that it has already managed to increase its limit to 25 MB. This enables its users to have a higher transaction amount: Instead of the current maximum for Bitcoin of seven transactions per second,…

How to Buy a Cryptocurrency Hardware Wallet With Bitcoin Cash

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Storing digital funds in a secure hardware wallet (HW) is a vital part of safeguarding your cryptocurrency holdings against hackers and other cyber threats. Here’s how to buy one of these devices for yourself using bitcoin cash. Also Read: Local BCH Venue Opens and Community Goal Nears in the Weekly Update From Bitcoin.com Buy a Hardware Wallet on the Bitcoin.com Store The Bitcoin.com Store’s hardware section offers a variety of deals on physical digital asset storage devices such as the popular Ledger Nano S and Keepkey. Right now you can…

Russian Parliament Considers Imposing Fines on Crypto Mining by End of June

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Russia’s parliament, the State Duma, is considering imposing administrative responsibility for the mining of cryptocurrencies, local news outlet TASS reported on June 7. In an interview with TASS, Anatoly Aksakov, the chairman of the State Duma Committee on the Financial Market, said that the government may introduce administrative responsibility for digital currency mining by the end of June. Aksakov stated: “I note that any operations with cryptocurrency that are contrary to the Russian legislation will be considered illegitimate. This means that mining, organizing issuance, circulation, creating exchange points for these…

How Lightning Network Can Help in Bitcoin Adoption?

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Photo: Shutterstock Bitcoin was meant to be a peer-to-peer electronic cash transaction system right from the start when it was introduced in 2009. The primary objective of Bitcoin was to improve the speed of financial transactions without the need for any third parties such as banks. However, the Bitcoin network gradually increased in size and popularity, thereby leading to an increase in network usage and congestion. New Approaches to Old Designs Almost over 300,000 Bitcoin transactions are carried out every day only to find higher costs for transactions as well…

Bitcoin Price Analysis: BTC/USD Price May Rally Towards $8,233

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Photo: QuoteInspector Key Highlights: Bitcoin price is ranging at $7,812 level; the coin may rally towards $8,233 level the Bears may push the price to reach $7,085. BTC/USD Medium-term Trend: Ranging Resistance levels: $7,812, $8,233, $8,608Support levels: $7,476, $7,085, $6,612 Bitcoin price is moving sideways on the medium-term outlook. The sideways movement continues in the Bitcoin market due to the weakness in the momentum of the Bulls and the weakness in the Bears’ pressure. The ranging movement started on June 04 after the Bears pushed the coin to the low…

Bitcoin’s Price Is Just $300 Away From a Short-Term Bear Reversal

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View Bitcoin is on the defensive, having closed below $8,000 last week. The price has also established a bearish lower high at $8,135. A short-term bullish-to-bearish trend change, however, would be confirmed if the price drops below $7,432 (June 4 low), establishing a lower low. With the weekly chart reporting a bearish candlestick pattern, a UTC close below $7,432 looks likely. The daily relative strength index’s move above the falling trendline would revive the short-term bullish outlook. Bitcoin’s (BTC) bulls need to keep prices above key support at $7,432 to…

Bitcoin’s Price Is Just $300 Away From a Short-Term Bear Reversal

boss

View Bitcoin is on the defensive, having closed below $8,000 last week. The price has also established a bearish lower high at $8,135. A short-term bullish-to-bearish trend change, however, would be confirmed if the price drops below $7,432 (June 4 low), establishing a lower low. With the weekly chart reporting a bearish candlestick pattern, a UTC close below $7,432 looks likely. The daily relative strength index’s move above the falling trendline would revive the short-term bullish outlook. Bitcoin’s (BTC) bulls need to keep prices above key support at $7,432 to…

Ripple (XRP) Price Attempts Comeback after Weekend’s 12% Plunge

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By CCN Markets: Ripple (XRP) has attempted a pullback after dropping more than 12-percent over the past weekend. The XRP-to-dollar exchange rate established a cycle low of $0.371 on Sunday at 1600 UTC. The downside action pushed XRP’s market capitalization to as low as $16.04 billion, down 11.47-percent from its Saturday peak level. At its year’s highest, XRP’s market capitalization was $19.67 billion. XRP Price Recovering on a Weaker Note | Source: TradingView.com, BitStamp XRP today underwent a small upside correction, surging a little above 5.5-percent to settle an intraday…

Ripple (XRP) Price Attempts Comeback after Weekend’s 12% Plunge

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By CCN Markets: Ripple (XRP) has attempted a pullback after dropping more than 12-percent over the past weekend. The XRP-to-dollar exchange rate established a cycle low of $0.371 on Sunday at 1600 UTC. The downside action pushed XRP’s market capitalization to as low as $16.04 billion, down 11.47-percent from its Saturday peak level. At its year’s highest, XRP’s market capitalization was $19.67 billion. XRP Price Recovering on a Weaker Note | Source: TradingView.com, BitStamp XRP today underwent a small upside correction, surging a little above 5.5-percent to settle an intraday…

Hitting $10,000 Bitcoin Price Can Make Wild Run to $40,000

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Photo: QuoteInspector Over the last week, the world’s largest cryptocurrency Bitcoin has been consolidating around $8000 levels. After a massive run-up since the beginning of April 2019, Bitcoin is looking to set up its base around $8000 levels. Several analysts and investors are waiting on the sidelines for Bitcoin to cross $10000 as its next immediate target. However, Bitcoin is currently struggling below $8000 levels. At the press time, Bitcoin (BTC) is trading at a price of $7743, down 2.5% in the last 24 hours. But Bitcoin bull and founder…