Day: April 11, 2020

$1 Billion Worth of Bitcoin Moved For Less Than a Cup of Coffee

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For the longest time, Bitcoin has been deemed useless by mainstream economists, investors, and others. LendingTree Chief Economist Tendayi Kapfidze told Yahoo Finance in an interview that he thinks Bitcoin is a “pyramid scheme,” citing his sentiment that you can “only make money [with BTC] based on people who enter after you.” But, a recent transaction recently was processed on the world’s foremost blockchain that seemingly proves that the cryptocurrency has real-world value. Related Reading: Crypto Tidbits: Bitcoin Loses $7k, Blockchain Layoffs, Ethereum DeFi Explodes $1 Billion In Bitcoin Sent…

Bitcoin Price Could “Absolutely” Retest $3k

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BitMEX CEO Arthur Hayes and a pseudonymous trader known as ‘Crypto Capo’ both predicted the Bitcoin (BTC) price to drop to the $3,000s in early 2020. In the near-term, both expect Bitcoin to retest the $3,000 region once again. In the BitMEX Crypto Trader Digest letter dated April 9, 2020, Hayes said that as the U.S. stock market sees another leg down, all asset classes could ‘puke’, causing Bitcoin price to correct. Prior to the March 12 drop to $3,600, “Crypto Capo” forecasted a fall to the low $3,000s. This…

Fidelity Digital Assets Clients Can Now Trade Bitcoin (BTC) on ErisX Crypto Exchange

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In an official announcement dated April 9, 2020, ErisX cryptocurrency exchange announced it had inked an alliance with $8 trillion assets giant Fidelity Investments’ digital currency arm – Fidelity Digital Asset Services – to expand safe and regulated access to crypto-assets for institutional investors. Fidelity Expands Its Crypto Services Suite Per a new strategic partnership between ErisX and Fidelity Digital Asset Services, institutional investors signed with the latter will now be able to trade Bitcoin (BTC) on the U.S.-based exchange. In its attempt to ease the access to digital assets…

Developer Launches Noncustodial Bitcoin Cash-Powered Authorization Platform

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Seven days ago, a crypto software developer announced a new web service called Signup.cash, which provides individuals and organizations with the ability to create web-based applications for Bitcoin Cash (BCH). The engineer and team members who developed the new platform for BCH stressed that the project is a universal, noncustodial authorization platform. Also read: The Bitcoin Cash Network’s Block Reward Officially Halved – Block 630,000 Mined Sign.up.cash: A Noncustodial Authorization Platform for Bitcoin Cash App Creation Just recently a programmer announced the launch of a new web service for BCH…