Day: July 12, 2019

Should History Repeat, Bitcoin Could See $20,000 By Year’s End

boss

Bitcoin to See 100% Gain in Q3: What? Since our previous report on the market, Bitcoin (BTC) has been able to see some short-term reprieve. As of the time of writing, the leading cryptocurrency is pretty much flat over the past 24 hours, posting no notable gains or losses to speak of. Altcoins are actually outpacing Bitcoin today, with Ethereum, XRP, and most other large caps gaining 3% or so. With this, Bitcoin dominance has returned to 65% according to CoinMarketCap, which is only marginally lower than the 65.8% seen…

With Facebook and Netflix Involved, Are We Heading Into a New Era of Crypto Space?

boss

With institutions now firmly in on the game, crypto is entering a new era. This is great news for retail investors, as many of funds, derivatives, and other financial instruments are also open to individuals now. Over the last couple of weeks, numerous reports have emerged that Netflix is working on a new documentary about cryptocurrencies, as a follow-up to its 2016 film “Banking on Bitcoin.” It’s probably well overdue. Given how far the crypto space has come over recent years, the themes of Banking on Bitcoin seem somewhat antiquated…

Trump Bitcoin Takedown To Provide Unintended Price Support For Crypto

boss

Is there a Trump rally incoming for bitcoin? That’s what’s on the minds of many after US president Donald Trump tweeted on Thursday that he was “not a fan of bitcoin and other cryptocurrencies”. Although Trump is loved by many he is arguably hated in at least equal measure at home and possibly hundreds of millions more around the globe. So could the Trump take down of bitcoin push those inclined to look favourably on anything that Trump doesn’t like, bring a net boost to the price of bitcoin? His…

BTC and LTC Halving ‘Shock’ May Be Mitigated by Merged Mining: Report

boss

The effect of block reward halvings for both Bitcoin (BTC) and Litecoin (BTC) mining could be mitigated by merged mining, according to a report by a research arm of major crypto exchange Binance released on July 12. Following Charlie Lee’s prediction that some miners may shut down Litecoin mining after the halving, which is expected to take place on Aug. 5, 2019, Binance Research analyzed the potential of so-called merged mining to retain incentives for crypto miners. Merged mining is a practice of using the work done for one blockchain,…

Win 2019 Rugby World Cup Tickets When You Play at Games.Bitcoin.com

boss

Are you a cryptocurrency user and rugby fan who’s always dreamed of going to the World Cup? Here’s your chance to win tickets to the 2019 Rugby World Cup in Japan, including flights and accommodation, in an exclusive competition at Games.Bitcoin.com. Also Read: Bitcoin Cash ETP Lists on Leading Swiss Stock Exchange SIX How to Enter Games.Bitcoin.com’s New Giveaway Games.Bitcoin.com is giving away prizes including admission to the upcoming 2019 Rugby World Cup in Japan. The first couple of winners will receive a prize package that includes VIP hospitality tickets…

Billionaire Mark Cuban Says Facebook’s Libra a Big Mistake

boss

Dallas Mavericks basketball team owner and billionaire entrepreneur Mark Cuban defined Facebook’s Libra stablecoin a big mistake in an interview with CNBC published on July 12. During his interview, Cuban commented on the social media giant’s cryptocurrency endeavors. He said: “I’m not a big fan of what they’re doing there. […] I think it’s a big mistake.” Cuban reportedly explained that he is more concerned about Libra’s global impact than the impact it will have in the United States. Per the report, he noted that “globally and in countries where…

There Is no Crypto Market, only the Bitcoin Market

boss

The broader cryptocurrency market is converging to Bitcoin. Even though the pioneer cryptocurrency isn’t practical to purchase a cup of coffee, the increasing evolution of BTC is turning it into the default digital-portfolio diversifier.  Bitcoin continues to exhibit unique price independence relative to other asset classes that has earned it the status of a safe-haven asset and thus attracted institutional investors.  Bitcoin Bull Season: What’s Going on? The dominance of BTC, which currently stands at roughly 64.68 percent, has been steadily increasing since January 2018 and, over the past three…

Police in China Seizes 4,000 Crypto Miners After Abnormal Energy Spike

boss

Police in China arrested 22 suspects allegedly involved in illegal crypto mining activity that led to energy loss worth of about $3 million, local media outlet XinhuaNet reports on July 12. Police in Jiangsu, China’s eastern-central coastal province, have reportedly seized 4,000 hardware units that were illegally used to mine cryptocurrency such as Bitcoin (BTC) at nine factories. According to the report, Jiangsu police launched a criminal investigation after a local power firm reported an abnormal spike in electricity consumption. After almost two months of investigation, the police in the…

US Senate Committee Approves the Blockchain Promotion Act

boss

The United States Senate committee of commerce, science and transportation approved the Blockchain Promotion Act on Tuesday, tech news outlet CNET reports on July 11. The bill, published by the outlet, moves the U.S. closer to a blockchain definition at the federal level and establishes a blockchain working group within the Department of Commerce. Members of the working group should be representatives of federal agencies that could use blockchain and non-governmental stakeholders. Non-governmental participants will include information and communication technology manufacturers, suppliers, software providers, service providers, vendors, and experts. Within…

President Donald Trump Shuns Bitcoin and Facebook’s Libra Project

boss

The President of the United States, Donald Trump has made it clear that he is not a fan of bitcoin (BTC), Libra, and other cryptocurrencies. He added that firm’s like Facebook looking to issue digital assets must obtain a banking charter and come under the purview of financial regulators in the country, reports The Guardian on July 12, 2019.  Trump Firedown Bitcoin and Facebook’s Libra Per sources close to the matter, Trump has poured cold water on the world’s flagship crypto, bitcoin, as well as shooting down Facebook’s Libra cryptocurrency…