Honestnode Founder Discusses the First Stablecoin Built on Bitcoin Cash

On June 12, the Honestnode team announced the release of a new stablecoin project built on top of the Bitcoin Cash network called Honestcoin (USDH). The new token was made using the Simple Ledger Protocol (SLP) and recently launched on the cryptocurrency trading platform Coinex. This week news.Bitcoin.com spoke with the founder of Honestnode, Jian Shi, to learn more about this new stablecoin. Also read: Coinex Exchange Lists the first SLP-Based Stablecoin Built on Bitcoin Cash A Discussion With the Founder of Honestnode Over the last few years, stablecoins have…

Bitcoin (BTC) Bulls Unconvincing, Over $1 Billion Lost To Hackers

Bitcoin (BTC) prices are steady Over $1 billion lost to hackers Hacking is forcing thoroughness in cryptocurrency exchanges. Determined hackers have seen exchanges lose over $1 billion with Bitpoint the latest victim. At the time of writing, BTC is stable, but bears have the upper hand. Bitcoin Price Analysis Fundamentals There is always a risk when trading. Unlike trading traditional securities like bonds or Forex, the cryptocurrency space is unregulated. That is perhaps the reason why government representatives are drumming up for proper regulation. Furthermore, Bitcoin and digital assets are…

Iran to set Electricity Tariffs for Bitcoin Mining 

Iran’s Economic Commission has agreed to set electricity tariffs for bitcoin mining activities based on the prices used for electricity exports. The new tariff scheme is expected to come into effect as soon as it gets approved by the Iranian Cabinet, according to a Financial Tribune report, July 21, 2019. Iran’s Crypto Miners to pay More  These are not the best of times for bitcoin and altcoin miners in Iran, as the government is now ready to significantly increase electricity prices for the business. Per sources close to the matter,…

Bitcoin Could See $18,000 Should Breakout Occur, Pattern Suggests

Bitcoin Breakout Could Send it to $13,000… or $18,000 Again, Bitcoin (BTC) volatility has dropped through the floor, with the cryptocurrency finding itself trading within $10,500 to $11,000 for over a day now. While some suggest that the lack of positive price action is a sign of an impending secondary drop, during which some analysts expect Bitcoin to fall under $9,000 and maybe even $8,000, BTC may just be preparing to break out. Per a chart from Nunya Bizniz, Bitcoin’s four-hour candles are currently trading in a bull flag, which…

How Big Hydro Power Partners With Bitcoin Miners to Prevent Energy Waste

We are often told that the verification of bitcoin transactions eats a lot of energy. The largely inaccurate comparison to a small country, the size of Ireland or Denmark, is evoked thanks to numerous clickbait headlines. What mainstream media fails to explain, however, is that bitcoin mining is actually helping electricity producers prevent energy waste. Hydropower plants, for example, can generate and sell much more electricity during rainy seasons in some regions or when snow melts in others. Wastage can be mitigated through a symbiosis with bitcoin farms, at no…

Fiat Money is Used 800 Times More than Bitcoin for Money Laundering: Report

The report from the United Nations Office and Chainalysis on Drugs and Crime reveals that fiat currency is utilized 800 times more to launder cash on the darknet than Bitcoin. The research forces crypto critics back to the drawing board to brainstorm on another lie. Bitcoin (BTC) is clean, pure, and free from all the financial threats as purported by some critics; this is according to the recent research published by Messari. The research was inspired by the recent statements by Steven Mnuchin, U.S. Treasury Secretary. The results from the…

Bitcoin Price One Mere Correction Away from Run Toward $14,000

The cryptocurrency market is quite mundane following an action-less weekend session. Bitcoin price briefly stepped above $11,000 but immediately corrected towards the key support at $10,500. Investors do not mind the calmness across the market as the last couple of weeks have been nothing but a rollercoaster ride. As reported by CCN bitcoin price within the two weeks from July 10 shed 18 percent from levels slightly above $13,000 to the current market value at $10,605. Besides, Bitcoin dived to its lowest levels in July almost breaching the $9,000 level.…

Bakkt’s Bitcoin Futures Test Starts Today, Launch Imminent This Quarter

Bakkt Digital Asset Summit highlighted important developments in the launch of Bakkt Bitcoin Futures, which beta release is expected today. CFTC commissioner Dawn Stamp acknowledged the high demand for the derivative product. As per its earlier schedule, ICE’s Bakkt platform is all set to start testing its Bitcoin Futures today, July 22. Bakkt has been working on its Bitcoin Futures contracts for almost a year and investors are eagerly waiting for its entry in the crypto market. While Bakkt just starts testing its Bitcoin Futures, its launch is imminent this…

Bitcoin, Ether, and XRP Weekly Market Update July 22, 2019

The total crypto market cap added $12 billion to its value during the last seven days and now stands at $290 billion. The top 10 currencies are all in green for the same time frame with Bitcoin SV (BSV) and Tron (TRX) being the best performers with 34 and 17.7 percent of gains respectively. At the time of writing bitcoin (BTC) is trading at $10,614 while ether (ETH) stands at $226. Ripple’s XRP is at $0.329. BTC/USD Bitcoin closed the previous seven-day period at $10,186 with a 9.6 percent decline…

Making Bitcoin Fun: Meet a HODL-themed BTC Board Game

Bitcoin Turned into a Board Game The Game of Life? Monopoly? Forget them. Meet a Bitcoin-themed board game that has been dubbed “Hodler of Last Resort”. Being created by a Bitcoiner on Twitter named Pedro, this board game is intended to be a way for friends and family to learn about BTC, its value, and how it all works in a fun package. A board game, what more could you ask for? In a four-part thread, Pedro boiled down his mission with the game as follows: It aims at creating…