Day: December 8, 2019

A List of Self-Proclaimed Bitcoin Inventors and Satoshi Clues Debunked in 2019

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Since the inception of Bitcoin, a variety of unique individuals have come forward saying they invented blockchain technology. In 2019, a few more self-proclaimed Satoshis came out of the woodwork, alongside evidence pointing toward other individuals who could have used the moniker. So far, clues examined this year still haven’t revealed a smoking gun and the ‘Faketoshis’ who came forward in 2019 have all been debunked and ridiculed. Also Read: Satoshi Nakamoto Could Be Criminal Mastermind Paul Le Roux 2019’s Faketoshi List Nobody knows what makes an individual claim to…

Ethereum Hard Fork Live, Stolen ETH Moved, ‘Hodlers Are Insane’: Hodler’s Digest, Dec. 2–8

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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 Ethereum completes Istanbul hard fork It’s happened! Ethereum’s much-anticipated shift to Istanbul has been completed, and the system-wide update came into force when the network passed block #9069000 late on Saturday night. Vitalik Buterin claims capacity now has the potential to reach 3,000 transactions per…

Sorry — But Bitcoin Can Still Drop to $2.7K While Everyone’s Bullish

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As the Bitcoin price (BTC) begins to slowly ascend, the question on everyone’s minds is whether the latest bottom is in, or whether there is more pain ahead.   In this article, I will aim to provide some insight as to what one can expect based on the information from the charts.  Daily crypto market performance. Source: Coin360.com Lower CME gap to be filled BITCOIN CME futures daily chart. Source: TradingView In last week’s analysis, I pointed out that the CME gap was higher than the weekend price, 7% higher in…

Four Crypto Projects to Keep Tabs on in 2020

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The cryptocurrency world has more than its fair share of self-proclaimed clairvoyants. Whether it’s traders predicting great things for a digital token that’s set to launch, or a journalist touting the next groundbreaking Web3 project, future-gazing is a popular pastime. With so many crypto projects in the offing, and so many supposed psychics pulling you in different directions, it can be tough to know who or what to believe. Even studious observers of the cryptoeconomy have difficulty reaching consensus on the next sure thing. If 2019 has been any indication,…

Top-5 Cryptos This Week: XTZ, ATOM, XRP, XMR, BNB

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The New York Digital Investment Group LLC (NYDIG) has received approval from the United States Securities and Exchange Commission (SEC) to offer its shares to institutional investors, including registered investment advisers, their clients and other eligible investors.  The fund aims to invest in cash-settled BTC futures traded on exchanges that are registered with the U.S. Commodity Futures Trading Commission. Though the increasing number of offerings by various companies targeting the institutional investor is a positive sign, the larger players have been slow to invest in the space due to regulatory…

US Financial Stability Oversight Council: Stablecoins Are a Risk to the Economy

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On December 4th, the financial regulator the Financial Stability Oversight Council (FSOC) published an annual report for the year 2019. The report mainly focuses on the popularity of stablecoins and problems rising as these crypto assets expand over a wider range of potential consumers. In the report, a panel of top financial regulators in the United States, which was set up and also included Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell, cautions the public about the supposed risks of cryptocurrencies and urged state and federal officials to…

Ethereum Price Stable Despite Hard Fork, Altcoins See Small Gains

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Sunday, Dec. 8 — most of the top 20 cryptocurrencies are reporting discreet gains on the day by press time, as Bitcoin (BTC) hovers around the $7,550 mark again. Market visualization courtesy of Coin360 Bitcoin price is currently down by 0.2% on the day, trading at around $7,552 at press time, according to Coin360. Looking at its weekly chart, the coin is up by about 2.91%. Bitcoin 7-day price chart. Source: Coin360 On Dec. 6, cryptocurrency market analyst Alex Thorn pointed out on Twitter that the total number of on-chain…

Brazil’s IRS Sets Rules to Fine Citizens Who Don’t Declare Crypto Holdings

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The Internal Revenue Service (IRS) in Brazil has established a specified code to categorize punishment for taxpaying citizens who fail to declare their cryptocurrency operations and holdings. This can be seen as Brazil’s major attempt to take a stronger control over the Bitcoin(BTC)trade and other digital currencies trade and exchange in the country. The new rules have already been enforced in Brazil as per the Federal Official Gazette’s publication of the briefings of the executive act on December 6th. The script further elaborated the details of the new cryptocurrency rules,…

Bitcoin Halving, Explained | Cointelegraph

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Historically, the price has gone up following a halving, but it ultimately depends on the supply/demand ratio. Essentially, Bitcoin halving cuts down the supply of BTC, making the asset more scarce. If the demand is there, the price is likely to increase. There are also some historical precedents. On Nov. 28, 2012, the day of Bitcoin’s first halving, the cpryptocurrency’s price rose from $11 to $12, and continued to climb up throughout the next year, reaching $1038 on Nov. 28, 2013. Roughly four years later, a month before the second…