Speculators Rely on Bitcoin ahead of Blockchain

After trending lower in the prior sessions, now Bitcoin has managed to move higher and is in the process of forming a bullish candle. Bitcoin comes first, ahead of blockchain, for speculators who look towards the year 2020 cryptocurrency situation. Its apparent several platforms have received support funds to create enterprise blockchains which mostly have launched out in 2019. However, the interest of speculators for such projects has waned out as they look towards fresh ideas on tokenization and cryptocurrency. This is a result of the shift in focus to…

Bitcoin (BTC) Price Sighting Downside Thrust Before Higher?

Bitcoin price is struggling to recover above $8,800 and $8,840 against the US Dollar. The price is slowly moving lower and it is likely to decline sharply below $8,600. Morning’s bearish trend line is active with resistance near $8,775 on the hourly chart of the BTC/USD pair (data feed from Kraken). It seems like there could be a nasty decline below $8,600 before the price starts a decent recovery. Bitcoin price is still trading in a downtrend below $8,800 against the US Dollar. BTC needs to settle above the $8,920…

Bakkt Will Offer Cash-Settled Bitcoin Futures to Singapore Before 2020

Adam White, Bakkt COO, has said that top researchers from ICE are already at work to add the innovative cash-settled Bitcoin futures. ICE Clear Singapore will be offering a new type of Bitcoin futures. Those are cash-settled ones, thus will also be available via ICE Futures. Venture funds from across Earth show their intent to work together with ICE‘s Bakkt too. Bakkt COO Adam White says that the new product is under discussion with the Monetary Authority of Singapore (MАS). When Bakkt first appeared on the horizon in 2018, it…

ASX-Listed DigitalX Seeds New Fund With Half Its Bitcoin Holdings

The first ever cryptocurrency firm to be listed on a major stock exchange has launched a new bitcoin fund. DigitalX, which debuted on the Australian Securities Exchange (ASX) under its previous name DigitalBTC as far back as 2015, announced the new fund on Wednesday. The firm said it’s offering qualifying wholesale and professional investors such as family offices and high-net-worth individuals exposure to the cryptocurrency via a “standard unlisted fund structure” without the effort and risk of holding it directly. DigitalX executive director Leigh Travers said in the announcement: “DigitalX…

Mexico: State-Owned Oil Firm Targeted in $5 Million Bitcoin Ransomware Attack

Petroleos Mexicanos (PEMEX), a state-owned petroleum company established in 1938, has suffered a ransomware attack that has succeeded in shutting down its computers and online payment systems. The hackers are demanding for 565 BTC and have given the firm a 48-hour deadline to send the money. DoppelPaymer Attacks PEMEX In a fresh bitcoin (BTC) ransomware attack, Mexico’s state-run petroleum company has been targeted by crypto thieves looking to get $5 million richer. Per sources close to the matter, a group of bad actors has succeeded in infecting the computer and…

“Bitcoin, not Blockchain” is Shaping up to be the Theme for 2020

Many existing platforms and projects that have received funding to build enterprise blockchains have rolled out a product in 2019. But other than that, funding for these startups has dried out as investors look at opportunities within cryptocurrency and tokenization. As more people become aware of how having a native cryptocurrency enhances the decentralization of Read MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News Original

Bitcoin History Part 20: BTC Reaches $1

It was a milestone that Bitcoin loyalists had long anticipated. Nevertheless, a toast was in order the day BTC reached parity with the US dollar. February 9, 2011 was the historic date, and over on the Bitcointalk forum, talk inevitably turned to what this meant for the nascent cryptocurrency. Also read: Bitcoin History Part 19: Wikileaks and the Hornet’s Nest ‘It’s Gonna Be Another Wild Ride’ This was the prediction by forum member ‘jimbobway,’ who had opened a thread entitled “Parity Party!!!” on January 11, 2011. USD parity was still…

Bakkt Bitcoin Custody Services now Available to all Institutions

In a Medium post published on November 11, 2019, Bitcoin (BTC) Futures contract trading platform Bakkt announced the launch of Bakkt Warehouse for all institutions. BTC Custody Made Available to All After having received authorization from the New York Department of Financial Services (NYFDS), Bakkt Warehouse will now be able to expand its clientele beyond clients trading the Bakkt Bitcoin Futures contract. As such, Bakkt Warehouse, the enterprise-grade Bitcoin custody offering by Bakkt, is now available to all financial institutions. The institution’s current list of clients consists of prominent names…

Evercoin Launches Bitcoin and Cryptocurrency Hardware Wallet

New York, NY, 12 November 2019 – At New York Consensus Invest Summit, Evercoin Inc. today announced Evercoin 2, the “safest hardware wallet”. Evercoin 2 provides a wallet and exchange for bitcoin and other cryptocurrencies featuring a hardware wallet the size of a house key powered by YubiKey 5ci, the first implementation of its kind. Prior to this, users wanting hardware security relied on large, difficult to use and not mobile-first first-generation hardware wallets like Ledger and Trezor. Now every compatible YubiKey owner can download a free hardware wallet. Evercoin…

Bitcoin Mining IPO Could be the New Gold Rush

Bitcoin mining giants Bitmain Technologies and Canaan Creative seem to have found a new area of competition — launching a U.S. IPO. Both companies are set to go head to head in trying to one-up the other in what could be the first-ever crypto-related public offering in the United States. Bitcoin Mining Giants Seek U.S. Market Many commentators have likened the crypto space to the Wild West and others have described bitcoin as digital gold. Now, Bitmain and Canaan Creative are figuratively spearheading a U.S. bitcoin mining rush akin to…