Day: June 29, 2019

Economist Flips From Bitcoin Skeptic to Savant, Acknowledges Crypto’s Staying Power

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To most in the Bitcoin (BTC) and crypto community, mainstream media is viewed with intense skepticism. Case in point, the leading cryptocurrency has been declared dead over 360 times according to 99Bitcoins. Most of these attacks come from mainstream outlets, from CNBC and Forbes to the New York Post and Bloomberg. For instance, one Bloomberg op-ed headline published in January 2018 reads: “Sorry, Bitcoin Fans. Digital Currency Is Still a Dream.” Related Reading: FUD Storm: Mainstream Media Back Bashing Bitcoin the Moment Markets Move But, just recently, as BTC has…

Economist Flips From Bitcoin Skeptic to Savant, Acknowledges Crypto’s Staying Power

boss

To most in the Bitcoin (BTC) and crypto community, mainstream media is viewed with intense skepticism. Case in point, the leading cryptocurrency has been declared dead over 360 times according to 99Bitcoins. Most of these attacks come from mainstream outlets, from CNBC and Forbes to the New York Post and Bloomberg. For instance, one Bloomberg op-ed headline published in January 2018 reads: “Sorry, Bitcoin Fans. Digital Currency Is Still a Dream.” Related Reading: FUD Storm: Mainstream Media Back Bashing Bitcoin the Moment Markets Move But, just recently, as BTC has…

Dealer Fights Police over Bitcoin (BTC) Worth Millions b –

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Vancouver Police Department Accused of Withholding $2.5m in Bitcoin Despite the fact that the Bitcoin-friendly Silk Road in its original form is now long gone, there still remain court cases on the subject matter. For those who missed the memo, the Silk Road was the name of a popular, infamous online marketplace (situated on the deep/dark web) that allowed its users to trade an array of different goods, mostly narcotics, for BTC. However, it was shut down after U.S. authorities managed to capture those involved, including Bitcoin pioneer and now-convict…

Dealer Fights Police over Bitcoin (BTC) Worth Millions b –

boss

Vancouver Police Department Accused of Withholding $2.5m in Bitcoin Despite the fact that the Bitcoin-friendly Silk Road in its original form is now long gone, there still remain court cases on the subject matter. For those who missed the memo, the Silk Road was the name of a popular, infamous online marketplace (situated on the deep/dark web) that allowed its users to trade an array of different goods, mostly narcotics, for BTC. However, it was shut down after U.S. authorities managed to capture those involved, including Bitcoin pioneer and now-convict…

Crypto Will Become Much Harder to Hack After Binance Shares Data

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Eight crypto exchanges have been hacked year-to-date with major exchanges in the likes of South Korea’s Bithumb reporting high-profile security breaches. In the upcoming months, despite the emergence of highly sophisticated technologies and tools employed by hackers, it may become significantly more difficult to hack into crypto exchanges. Why hacking crypto will become harder Any platform or server that is connected to the internet is vulnerable to a security breach. For that reason, major exchanges keep the overwhelming majority of user funds in cold wallets as opposed to hot wallets,…

Why is Bitcoin (BTC) Here to Stay? Former Bear Explains

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Why Bitcoin is Here to Stay To most in the Bitcoin (BTC) and crypto community, mainstream media is viewed with intense skepticism. Case in point, the leading cryptocurrency has been declared dead over 360 times according to 99Bitcoins. Most of these attacks come from mainstream outlets, from CNBC and Forbes to the New York Post and Bloomberg. For instance, one Bloomberg op-ed headline published in January 2018 reads: “Sorry, Bitcoin Fans. Digital Currency Is Still a Dream.” This recently changed, however. A Bloomberg columnist and prominent economist going by Tyler Cowen recently…

Daily Ethereum Transactions Exceed One Million, a First Since May 2018

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Daily transactions registered on the Ethereum (ETH) network exceeded one million yesterday, June 28, for the first time since May 2018, according to data reported by leading Ethereum block explorer Etherscan. Per Etherscan data, on June 28 there were 1,004,170 transactions confirmed on the Ethereum blockchain. Before yesterday, the last time the Ethereum chain registered over one million daily transactions was in May 2018. Nonetheless, the current level is still notably lower than the 1,349,890 daily transactions peak registered on January 4 last year. The on-chain transaction value of Ethereum…

Blockchain Disruption of the Insurance Sector

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The business of insurance is enormously complex: The process of evaluating and managing a variety of risks that individuals and organizations face every day inevitably involves coordination of the multiple parties’ efforts and reconciliation of extensive records. Both aspects make the insurance sector an appealing ground for blockchain-based optimization — and indeed, distributed ledger technology is a prominent feature of a rising tide of technological innovations, collectively known as insuretech, that seek to bring new efficiencies into the industry. As Cointelegraph previously reported, research firm MarketsandMarkets in 2018 projected that the…

Bitcoin (BTC) Firm Adding 19.3%, Iranian Authorities Seize Mining Gear

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Bitcoin (BTC) up 19.3 percent China changing its wordings on Bitcoin Steadfast as they are, Bitcoin bulls could get a shot in the arm in days ahead. That’s albeit news of Bitcoin mining gear seizure in Iran. So far, BTC prices are stable and may thrash predictions if there is a surge past $13,300. Bitcoin Price Analysis Fundamentals After a mostly successful week, there is a predictable correction. Mild as it is, Bitcoin bulls are resilient, rejecting attempts of lower lows. However, considering how cautious market participants are, any correction…

Bitcoin Hover Over $11,800 as Top Cryptos See Gains

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Saturday, June 29 — most of the top 20 cryptocurrencies are reporting moderate to significant gains on the day by press time, as bitcoin (BTC) hovers over under the $11,800 mark again. Market visualization courtesy of Coin360 Bitcoin is currently up about .14% on the day, trading around $11,830 at press time, according to Coin360. Looking at its weekly chart, the coin is up over 13%. Bitcoin 7-day price chart. Source: Coin360 Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $32.5…