Day: August 9, 2019

Bitcoin Price Must Sustain $12K Level for Highest Weekly Close in 2019

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Bitcoin (BTC) price was battling resistance at $12,000 Aug. 9 despite bullish predictions continuing to focus on more growth. Market visualization. Source: Coin360 Weekly record ahead for Bitcoin? Data from Coin360 put BTC/USD at almost the same place it was 24 hours previously, the pair having swung between $11,500 and $12,030 in the meantime.  At press time, Bitcoin traded at $11,760, marking current daily losses of 0.8%, while weekly gains remain at a solid 12.3%. Bitcoin 7-day price chart. Source: Coin360 The $12,000 mark has proven tough ground to crack…

Solely 318 Addresses Hold Almost All of Tether’s Cryptocurrency Circulation

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According to a report by the cryptocurrency research firm Coin Metrics and reported by Bloomberg, the large Bitcoin whales including crypto exchanges such as the Malta-based Binance and Hong Kong-based Bitfinex, own almost a fifth of the largest cryptocurrency, Tether (USDT). The report also showed only 318 addresses own almost $1 million worth (almost 80%) of all Tether digital coins, the token that serves as a channel for trading in many of the world’s largest cryptocurrency exchanges (including in AllStocks crypto exchange). The major holders of Tether include brokers that…

Bitcoin Price Will Hit $250K by Q1 2023 Despite Consolidation, Says Tim Draper

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Bitcoin (BTC) price will still hit $250,000 but its status as a safe haven asset could see investors waiting a little longer than planned, serial VC investor Tim Draper says. “People have consolidated towards Bitcoin” Speaking in an interview with Yahoo! Finance on Aug. 9, the notoriously bullish Draper doubled down on his prediction that Bitcoin will hit $250,000 by 2023. Due to current trends, however, there might be a slight delay to the giant price tag becoming reality. “It’s consolidated more than I thought it would,” he told the…

Coinbase Says It Foiled a ‘Sophisticated’ Hacking Attack

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Cryptocurrency exchange Coinbase has revealed that it has been targeted by, and foiled, “a sophisticated, highly targeted, thought out attack” aimed to access its systems and presumably to make of with some of the billions of dollars’-worth of cryptocurrency it holds. In an Aug. 8 blog post that sets out in technical detail how the plot unfolded and how the exchange countered the attempted theft, Coinbase said the hackers used a combination of methods to try and hoodwink staff and access vital systems – methods that included spear phishing, social…

Coinbase Says It Foiled a ‘Sophisticated’ Hacking Attack

boss

Cryptocurrency exchange Coinbase has revealed that it has been targeted by, and foiled, “a sophisticated, highly targeted, thought out attack” aimed to access its systems and presumably to make of with some of the billions of dollars’-worth of cryptocurrency it holds. In an Aug. 8 blog post that sets out in technical detail how the plot unfolded and how the exchange countered the attempted theft, Coinbase said the hackers used a combination of methods to try and hoodwink staff and access vital systems – methods that included spear phishing, social…

Blockchain Solution Spending to Hit $16 Billion by 2023: IDC Report

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Worldwide spending on blockchain solutions is expected to hit almost $16 billion in 2023.  A new report published on Aug. 8 by United States-based market research firm International Data Corporation (IDC) forecast that overall spending on the technology will reach $15.9 billion in 2023, at a five-year compound annual growth rate (CAGR) of 60.2% between 2018-2023. Blockchain spending in 2019 to rise 80% IDC’s Worldwide Semiannual Blockchain Spending Guide provides an analysis of spending data for the blockchain sector from a regional, vertical industry, use case, buyer and technology perspective.…

Commerzbank And Daimler Trucks Test Machine-to-machine Payments On Blockchain

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About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News…

German Company Secures €750 Million ‘Eco-Friendly’ Loan Via Blockchain

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German-based Dürr, one of the world’s leading mechanical and plant engineering firms, has secured a sustainability loan of 750 million euros, the interest on which is linked to its eco-friendly performance.  The credit agreement, reported on Aug. 8 by Finance Magazine (German), was self-initiated by Dürr, utilizing a blockchain-based syndicated loan platform. The consortium process was also digitized and backed by blockchain. The ins and outs of sustainable finance Sustainable or green finance is on the rise and in the current economic climate, has benefits for both investors and lenders.…

Fidelity Joins Blockstream’s New Institutional Bitcoin Mining Service

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Blockchain technology company Blockstream has announced details of its Bitcoin mining services. In a blog post on Aug. 8, the company revealed two massive data centers for enterprise class co-location services, along with Blockstream Pool, using the BetterHash protocol. Its aim is to maintain the decentralization of the Bitcoin network. Your Bitcoin mining equipment, Blockstream’s data-centers The data centers, located in Quebec and Georgia, account for a combined 300 megawatts of energy capacity. At full capacity, populated with the latest mining rigs, this could account for around 7.5% of the…

Bitcoin (BTC) Price Is Trading In Uptrend But Can Bulls Clear $12K?

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Bitcoin price is trading above a couple of important supports near $11,800 against the US Dollar. The price could rally sharply if there is a successful close above the $12,000 resistance. There was a break above a major contracting triangle with resistance near $11,860 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is showing positive signs, suggesting high chances of an upside break above the $12,000 level. Bitcoin price is struggling to clear the key $12,000 resistance against the US Dollar. However, BTC price…