Day: June 25, 2019

Bitcoin’s Second Moon Landing is Nothing Like the First One: SFOX

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The growing consensus among crypto pundits and experts is that this Bitcoin bull run is decidedly different from the one that left so many wide-eyed retail investors who succumbed to FOMO in 2017 out in the cold just months later. Why 2019 is Different Than 2017 Backers say that Bitcoin’s parabolic 2019 ascent is nothing like the 2017 bubble. | Source: TradingView For one thing, it appears retail FOMO has only begun in traces around the periphery. For another, institutional interest plays a prominent driving force at present. This may…

Bitcoin’s Second Moon Landing is Nothing Like the First One: SFOX

boss

The growing consensus among crypto pundits and experts is that this Bitcoin bull run is decidedly different from the one that left so many wide-eyed retail investors who succumbed to FOMO in 2017 out in the cold just months later. Why 2019 is Different Than 2017 Backers say that Bitcoin’s parabolic 2019 ascent is nothing like the 2017 bubble. | Source: TradingView For one thing, it appears retail FOMO has only begun in traces around the periphery. For another, institutional interest plays a prominent driving force at present. This may…

Non-Fiat Monies Like Bitcoin (BTC) to Continue to See Growth –

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Allaire On Crypto Spring Ever since Bitcoin (BTC) and other crypto assets have begun to rebound, mainstream media has been all over the space once again, in a way somewhat reminiscent of 2017. Yesterday, Jeremy Allaire, the chief executive of the Goldman Sachs-based Circle, joined CNBC’s “Squawk Box” panel to talk about the ongoing cryptocurrency spring, and why Bitcoin can continue to see continued growth with time. Explaining what’s up with the recent Bitcoin rally past $11,000, Allaire asserts that investors across the board, especially institutional players, have come to…

Non-Fiat Monies Like Bitcoin (BTC) to Continue to See Growth –

boss

Allaire On Crypto Spring Ever since Bitcoin (BTC) and other crypto assets have begun to rebound, mainstream media has been all over the space once again, in a way somewhat reminiscent of 2017. Yesterday, Jeremy Allaire, the chief executive of the Goldman Sachs-based Circle, joined CNBC’s “Squawk Box” panel to talk about the ongoing cryptocurrency spring, and why Bitcoin can continue to see continued growth with time. Explaining what’s up with the recent Bitcoin rally past $11,000, Allaire asserts that investors across the board, especially institutional players, have come to…

24/7 Bitcoin Derivative Trading Now Available for U.S. Residents; Will This Add Fuel to BTC’s Momentum?

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The crypto markets are continuing to grow and develop by leaps and bounds each day, and the latest piece of positive news that elucidates just how rapidly the markets are maturing is the Commodity Futures Trading Commission’s decision to approve LedgerX for offering physically settled Bitcoin futures contracts. The announcement, which was made by the CFTC earlier today, has sparked excitement in the crypto community, and many investors are now noting that this could help add fuel to the current Bitcoin bull run, which may allow it to climb significantly…

Bitcoin IRA Partners with BitGo to Improve Retail Offering

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Bitcoin IRA, a digital assets company that helps people add cryptocurrency to their retirement portfolios and 401K’s, has officially launched a self-directed IRA, as per a press release, June 25, 2019. Digital Assets in Pension The rules of the offering are similar to a regular IRA; a customer has sole authority as to what goes in their portfolio by directing the company on what to hold for them. The only difference is that the underlying assets aren’t stocks and bonds – they’re cryptocurrencies. Bitcoin IRA, which launched three years ago,…

Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners

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Mostafa Rajabi Mashhad, the spokesperson for Tavanir, an Iranian state-operated grid entity, has explained that electrical consumption has spiked by 7% in comparison to the previous year. Rajabi blames illegal cryptocurrency mining operations for the country’s increased electrical consumption and has warned that illicit mining facilities will be cut off from the grid. Also Read: Check out Bitcoin.com’s Rebrand Giveaway and Win a Keepkey Hardware Wallet Tavanir Grid Spokesperson: ‘Crypto Miners Are Consuming Too Much Electricity in Iran’ This week, state-run electric company spokesman Mostafa Rajabi Mashhad told the Iranian…

CDU and CSU Union to Integrate Blockchain Into Public Services

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In Germany, the CDU and CSU Union wants to integrate blockchain technology into public services, Cointelegraph Deutschland reported on June 25. The CDU and CSU Union represents the centre-right Christian democratic political alliance of two parties in Germany, the Christian Democratic Union of Germany (CDU) and Christian Social Union in Bavaria (CSU). In the original announcement published earlier today, the Union revealed that it wants to use blockchain for public service tasks such as administrative services, electronic health records, document protection, and registration. Specifically, the CDU and CSU Union proposed the…

Why This Privacy Crypto Is Down 5% Today While Bitcoin Soars

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Grin investors are taking it on the chin today. The crypto, which uses the Mimblewimble protocol for privacy and scalability, has shed more than 5% in the last 24-hour period even as bitcoin set a fresh 2019 high. With BTC’s dominance currently hovering at 60%, altcoins typically remain highly correlated to their larger peer. Grin, however, has suffered some internal issues that have beaten down the price in the short-term. Grin’s price has more than doubled in June, however. The current problem appears to stem from “transaction difficulties” that users…

Europol Arrests Six People Allegedly Behind $27 Million Bitcoin Theft

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Europol, in conjunction with the United Kingdom’s South West Regional Cyber Crime Unit, the Dutch police, Eurojust, and the U.K.’s National Crime Agency (NCA), has coordinated the arrests of six people suspected of stealing over $27 million in cryptocurrency, according to a press release on June 25. The attackers reportedly were involved in typosquatting, a fraudulent means to steal credentials by setting up a scam website with a similar name to an established one—hence the “typo” in “typosquatting”—and then recording login data.  In this case, the report notes that Europol…