Day: June 25, 2019

New $35 Raspberry Pi is the Most Powerful Yet for Running a Full Bitcoin Node

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The Raspberry Pi Foundation released a new, more powerful model of its miniscule single-board computer on June 24, which costs $35 a pop and has the capacity to run full nodes cheaply on the bitcoin (BTC) network. Earlier versions of the Raspberry Pi have been popular with bitcoin enthusiasts and decentralization advocates as it offers low-cost and thus low-barrier entry to those interested in running their own full nodes on the network. Doing so allows users to verify their own transactions over the bitcoin network independently without having to trust…

There Are Now More Than 5,000 Bitcoin ATMs Around The World

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The total number of bitcoin ATMs (BTMs) worldwide reached 5,000 for the first time, monitoring resource CoinATMRadar confirmed on June 24. According to the latest statistics, there are now 5,006 standalone BTMs in around 90 countries, where cryptocurrency users can buy or sell bitcoin (BTC). Some machines offer both services simultaneously.  The data caps a protracted period of growth in the BTM sector, with the U.S. leading the trend as more and more locations and formats appear.  June has seen a total of 150 installations, around 6 per day. General…

‘Non-Sovereign’ Bitcoin and Cryptos Will See Continued Growth

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Jeremy Allaire, co-founder and CEO of payments company Circle, believes non-sovereign cryptocurrencies such as bitcoin (BTC) will continue to see growth despite the proliferation of new forms of digital assets such as Facebook’s Libra and stablecoins.  During an interview on CNBC’s Squawk Box on June 24, Allaire argued that the cryptocurrency landscape will not evolve in a “winner takes all” direction, but that a range of different digital assets with varying degrees of autonomy and regulation will become broadly used by individuals and investors alike. Allaire made one prime distinction…

Bitcoin Breaks $200 Billion Market Cap For the First Time in 17 Months

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Bitcoin (BTC) set a new 15-month record high price on June 25 as the largest cryptocurrency continues its giant three-month bull run.  Market visualization courtesy of Coin360 Data from Coin360 puts bitcoin firmly in the driving seat on cryptocurrency markets, 24-hour gains topping as much as 6% to take BTC/USD over $11,350.  The last time the pair traded at those levels was in the first week of March 2018, before a protracted bear market set in, which took bitcoin to lows of $3130.  The latest surge continues the surprising upward…

With A $20 Million Tron (TRX) BuyBack Plan, Bulls Are Vibrant

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Tron (TRX) up 14.7 percent, may flip XLM A $20 million TRX buyback could stir controversy Buying back coins or tokens is a great way of supporting prices. Tron could do that. With a stellar dApp ecosystem, TRX investors shall benefit. At the time of press, the coin is 14.7 percent higher from last week’s close. Tron Price Analysis Fundamentals Given the substantial rise of Bitcoin (BTC), altcoins are following suit. Of the many coins that could secure a spot in the top 10, TRX is one. Registering a double-digit…

Privacy Crypto Zcash to See Total Rebuild Because It Was A Failure: Analyst

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Decrypt’s Tim Copeland attended a developer conference hosted by the Electric Coin Company in Croatia. He reports that the company is considering the most significant possible changes to its product, Zcash. #2 Privacy Coin Considering Massive Development Pivot If you’re studying crypto, you may have heard of Zcash. It’s a “privacy coin” which allows users to guard their transaction details from the public, and currently the #2 coin in its class by market capitalization (after Monero). Zcash developers want the cryptocurrency to service as many as 10 billion people in…

Bitcoin SV’s Transaction Volume May Depend on Crypto Whales

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Bitcoin SV (BSV) has been in the spotlight since forking off the Bitcoin Cash (BCH) blockchain under the leadership of Craig Wright, Jimmy Nguyen, and Calvin Ayre. Transactional volume on the network is becoming more dependent on whales as Kevin Rookie of The Spring reports that 86.4 percent of BSV volume comes from the top 100 transactions, June 24, 2019. Brakes Locked on BSV The current BSV network appears to be overly dependent on whale activity after details regarding network saturation came to light. BSV forked off the BCH chain after…

Bitcoin Price (BTC) Sets New 2019 High: Stage Set For $12K?

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There was a fresh increase in bitcoin and it broke the $11,250 resistance against the US Dollar. The price traded to a new 2019 high and it is likely to accelerate above the $11,500 resistance. There was a break above an ascending channel with resistance near $11,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is gaining momentum and it could even trade towards the $12,000 level in the near term. Bitcoin price is trading with a bullish angle above $11,200 against the US…

Bitcoin Leading Crypto Market Higher: BCH, XLM, EOS, TRX Price Analysis

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The total crypto market cap is currently holding the $300.0B and $310.0B support levels. Bitcoin price is up more than 4% and it is trading nicely above the $11,000 resistance level. BCH price is gaining momentum towards the $490 and $500 resistance levels. EOS price is currently above the $7.200 level and it may soon test the $7.400 level. Stellar (XLM) price is slowly grinding higher towards the $0.1300 and $0.1320 levels. Tron (TRX) price is performing nicely and is trading above the $0.0380 level. The crypto market cap is…

Ripple Price (XRP/USD) Up 3%, Eyes Fresh Break Past $0.50

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Ripple price found support near the $0.4450 level and recently climbed higher against the US dollar. The price is now trading well above the $0.4600 level and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $0.4750 on the hourly chart of the XRP/USD pair (data source from Kraken). There were positive moves in bitcoin and Ethereum in the past few hours. Ripple price is showing a lot of positive signs against the US Dollar, just like bitcoin. XRP price is likely…