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 Bitcoin ready to push above key resistance to hit $10,000 The world’s biggest cryptocurrency has started 2020 fighting. For a time on Friday, Bitcoin hit $9,000 — with analysts claiming there are multiple signs that a “bullish transformation” is underway. This weekend also saw the…
Day: January 19, 2020
Why Centralized Exchanges Are Decentralizing
In an industry built on an ethos of decentralization and the empowerment of individuals, where the key idea is that each and every person should have control of their own wealth and begin acting as their own bank, we’ve seen centralized custodial exchanges lead the charge up until now. Now, as the industry continues to develop ethos, we’re seeing centralized exchanges beginning to adopt more properties of decentralization. Decentralization advances the protection of funds, transparency, economic inclusion and regulatory clarity while empowering each individual to become the custodians of their…
Peter Schiff Forgets Bitcoin Wallet Password, Blames Bitcoin
Peter Schiff hates Bitcoin almost as much as bitcoiners hate Schiff. The gold bug makes a point of dissing the cryptocurrency whenever he can, despite the hypocrisy of accepting BCT on his own website. Today, the eccentric entrepreneur found a new reason to rip on bitcoin after forgetting his wallet password – and apparently Bitcoin is to blame. Also read: How to Create Custom SLP Tokens With the Bitcoin.com Mint Schiff Shifts Blame for Forgetting Password Bitcoin has been blamed for all manner of crimes over the years, from destroying…
How Real World Use Cases Will Drive Crypto Growth in 2020
As Bitcoin enters its twelfth year, the past eleven offer a meaningful amount of time to identify key trends that have emerged around cryptocurrencies and blockchain technology. These trends provide insights that are helpful in projecting the future of the digital asset space and how it will take shape over the next decade. In reflecting on the history of cryptocurrencies over their lifetime, there’s one pattern that immediately jumps out. Each successive wave of interest in the cryptocurrency space has been galvanized by new developments in the ecosystem. In particular,…
Peter Schiff Lost His Bitcoin, Claims Owning Crypto Was a ‘Bad Idea’
On Jan. 19, famous crypto skeptic and gold bug Peter Schiff claimed on Twitter that he has lost access to his Bitcoin wallet and that his password is no longer valid. Schiff added that his BTC is now intrinsically worthless and has no market value. He also added that: “I knew owning Bitcoin was a bad idea, I just never realized it was this bad!” Getting to the bottom of the issue After Schiff tweeted about his loss, the crypto community was quick to jump to the rescue. For example,…
Top-5 Cryptos This Week (Jan 19): BSV, DASH, ETC, MIOTA, BCH
After the recent run-up, most top crypto performers of the past week are showing signs of entering a minor correction or consolidation. Most major cryptocurrencies have started the new year on a positive note. However, in the past 24 hours, the crypto markets are witnessing a sea of red. This shows that the rally has hit a roadblock, which could result in a minor correction or consolidation for the next few days. Such a move will be healthy for the crypto markets because it will shake out the weaker hands.…
Decentralization Philosophy Part 1 – From Buddha to the Conquistadors
Earlier this week, the Let’s Talk Bitcoin! Show gathered to discuss decentralization in blockchain projects, the historical context of decentralized organizations, the robustness it conveys but also the difficulties it engenders… Source If You Liked This Article Click To Share CryptoX Portal
Bitcoin Price Drops Over $500 in 5 Minutes, Top Altcoins Also See Red
Sunday, Jan. 19 — most of the top 20 cryptocurrencies are reporting severe losses on the day by press time as well as Bitcoin (BTC) which now hovers just under the $8,600 mark falling from today’s high of nearly $9,200, making it a 7.32% loss. Market visualization courtesy of Coin360 Bitcoin price is currently down by 3.08% on the day, trading at around $8,636 at press time, according to Coin360. Looking at its weekly chart, the coin is still up by about 6.42%. Bitcoin’s price movement has seen the price…
Bitcoin Dropped 6% in Just 5 Minutes Liquidating “$108M”: What Happens Next?
The bitcoin price dropped by six percent from $9,060 to $8,505 across major crypto exchanges including Binance in just five minutes. It is the steepest drop in terms of time to decline percentage ratio at least in the past two months. What caused the bitcoin price to drop so suddenly? The biggest catalyst for the abrupt drop in the bitcoin price within a span of minutes is most likely the liquidation of over-leveraged longs. The bitcoin price increased by 24 percent within the past 13 days, and technical analysts anticipated…
Bitcoin Dropped 6% in Just 5 Minutes Liquidating “$108M”: What Happens Next?
The bitcoin price dropped by six percent from $9,060 to $8,505 across major crypto exchanges including Binance in just five minutes. It is the steepest drop in terms of time to decline percentage ratio at least in the past two months. What caused the bitcoin price to drop so suddenly? The biggest catalyst for the abrupt drop in the bitcoin price within a span of minutes is most likely the liquidation of over-leveraged longs. The bitcoin price increased by 24 percent within the past 13 days, and technical analysts anticipated…