Day: November 10, 2019

Bitcoin Price Gains Above $9.1K as Ether Looks to Rally to $285

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To a new investor entering the crypto-space sights like today’s 3.5% pump to $9,141 is enough to make you giddy with excitement about the future of cryptocurrency. But is it that impressive? After all, Bitcoin (BTC) price was $9,300 last week, which is $200 higher than it is now. So let’s take a look at some of the factors causing, and fuelling these swings. Daily crypto market performance. Source: Coin360.com Bitcoin CME gap  Bitcoin price (BTC) took a dive from $9,265 and closed at $8,804.88 on Friday, November 8th, in…

Russian Crypto Plot, China Mining U-Turn, Lottery Winner’s BTC Gamble: Hodler’s Digest, Nov. 4–10

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Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Russia: New law would let police confiscate Bitcoin from 2021 We begin in Russia, where the government is pursuing a seemingly impossible law that would allow it to confiscate Bitcoin (BTC). Reports suggest that the plans, which target “digital assets,” could become law in 2021.…

IDEX Claims Creation of ‘Infinite Scaling Solution for Ethereum’

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IDEX, the decentralized exchange (DEX) responsible for over 40% of all DEX transactions, claims to have created an “infinite scaling solution” for the Ethereum network. 1,000 times faster In an email sent to Cointelegraph, IDEX claims that its system, dubbed Optimized Optimistic Rollups (O2Rs), reaches block finality in 10 minutes. The company also says that this is about 1,000 times faster than the Optimistic Rollups (ORs) developed by Ethereum scalability development organization Plasma Group — which achieves block finality in two weeks. Rollup solutions scale by moving computation off-chain and…

IDEX Claims Creation of ‘Infinite Scaling Solution for Ethereum’

boss

IDEX, the decentralized exchange (DEX) responsible for over 40% of all DEX transactions, claims to have created an “infinite scaling solution” for the Ethereum network. 1,000 times faster In an email sent to Cointelegraph, IDEX claims that its system, dubbed Optimized Optimistic Rollups (O2Rs), reaches block finality in 10 minutes. The company also says that this is about 1,000 times faster than the Optimistic Rollups (ORs) developed by Ethereum scalability development organization Plasma Group — which achieves block finality in two weeks. Rollup solutions scale by moving computation off-chain and…

Top-5 Cryptos This Week: XTZ, ATOM, XLM, LTC, EOS

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The top-performing cryptocurrencies of the past seven days are showing signs of bottoming out. Is it a good time to buy? Bitcoin (BTC) futures volumes have been consistently rising in the past few days. This shows that the interest of the institutional players has been gradually picking up.  A close study of the futures volume and price action can provide the experienced trader an insight into the likely direction of the markets. Increasing volumes with a sharp dip in price is a bearish sign as it indicates the initiation of…

Featured: The Intrinsic Role of Cryptocurrency in the Dark Web

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We have all heard stories about the dark web and how it is a multi-faceted platform for businesses of all sorts. In the dark web there are digital marketplaces that deal with a lot of illegal activities and illicit services. But to be fair, dark we markets are not necessarily illegal. They operate on the same fundamental principle as cryptocurrency, which is to maintain the anonymity of the user while doing business at the same time. But as the world was introduced to the concept of maintaining anonymity while performing…

Bitcoin Cash House Launches Crypto Hub in Venezuela

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A new crypto resource has emerged in Barquisimeto, Venezuela, for Venezuelans interested in learning about Bitcoin Cash and cryptocurrencies. The project, called Bitcoin Cash House, is the brainchild of Roberto Garcia and is sponsored by Bitcoin.com and Sideshift.ai. It exists as a physical location and online initiative, seeking to educate newcomers to the space on the acquisition, storage, and general use of crypto, as well as development and job opportunities. Also Read: Over 200 Venezuelan Taxis Discover the Benefits of Bitcoin Cash Welcome to the Cash House Launched just days…

Scale of OneCoin Scam Unravels Amid Ongoing Court Hearings

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With each passing day, the financial nitty-gritty associated with the cryptocurrency-related OneCoin Ponzi scheme continues to become of increasing interest to members of the global crypto community.  The U.S. government’s previous estimate of the scam that raked in a total of $4 billion seems to be well off the mark, as the figure could be more than three to four times the official estimate — this is according to Jamie Bartlett, the person responsible for the BBC’s podcast series The Missing Cryptoqueen.  As part of the show, Bartlett and his…

IRS Successfully Unraveled ‘Dozens’ of New Cryptocurrency Cybercriminals

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With cybercrimes associated with virtual currencies are continuously on the rise, it is more critical than ever to have security agencies and financial regulators actively scouting this emerging crypto space. Although cyber crimes have been around for several decades now, we can all attest to the fact that these criminals take on new skills and methods with time. This makes it inherently essential for law enforcement agencies and other authorities to be on top of their game at all times. According to a recent report on Bloomberg, the Internal Revenue…

How to Start With Bitcoin at No Cost

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Getting into the Bitcoin world is by default easy and it doesn’t have to cost you anything. All you need to do to get started is to install a cryptocurrency wallet and load it with some digital cash. The growing crypto community, always enthusiastic about accepting new members, has done a lot to make sure you can take these first steps at no expense. Also read: Crypto-Based Commerce Spikes 65% in 7 Months Get a Free Crypto Wallet First To start with Bitcoin you don’t need to be ultra tech…