Category: Bitcoin News

If Bitcoin (BTC) Breaks 3700 USD, It Could Boost the Crypto Markets, CryptoSync Analyst Says

boss

It seems that the prediction season has begun, with bullish and bearish opinions much more conservative than the ones from the last year. While it is difficult to provide a certain level of strength in the predictions of a market as volatile and young as the cryptomarket, this does not seem to stop analysts and fans from exposing their views to the world. Over the last few days, Bitcoin has had relatively stable behavior, fluctuating in the 3600 and 3750 range. This price range has been sustained after a large bearish…

Thanks to BitWage, Companies Can Now Pay Their Workers and Taxes in Bitcoin

boss

On January 16, 2019, BitWage announced their partnership with Simply Efficient HR, a Texas-based payroll and human resources company to enable the payment of W2 employee and payroll taxes in bitcoin or ether. This service will be available in all U.S. states as well as Puerto Rico. This comes only weeks after Ohio became the first U.S. state to accept taxes in bitcoin. Closing the Loop that Fiat Finished In their statement, BitWage spoke about closing the financial loop in the bitcoin lifecycle, which involves three stages. The first is…

Professors from MIT, Stanford, Carnegie Mellon, Team up to Create a Crypto to Rival Bitcoin (BTC)

boss

Professors from seven U.S universities are teaming up to create a cryptocurrency that will be faster than Bitcoin (BTC) and remain true to the decentralization concept. The cryptocurrency will be known as Unit-e and is the first project of Distributed Technology Research (DTR): a non-profit foundation formed by the same academics and backed by Pantera Capital Management LP. The academics are from the following prominent American Universities: University of California, Berkeley Massachusetts Institute of Technology (MIT) University of Southern California Carnegie Mellon University University of Illinois Urbana-Champaign University of Washington…

Report: Bitcoin Use on Darknet Markets Doubled in 2018

boss

News Bitcoin use on darknet markets (DNMs) doubled in 2018, a study has shown, rising to an average of $2 million per day. Bitcoin has long been used to buy goods on the darknet due to its relative anonymity, and looks set to remain a favorite on DNMs, despite the existence of more privacy-focused cryptocurrencies. Also read: Dropgangs and Dead Drops: Report Highlights Evolving Darknet Market Opsec DNM Activity Rose Through 2018 A study released by data firm Chainalysis has revealed that bitcoin transactions on the darknet rose throughout 2018 to around…

Purchase Bitcoin (BTC) in Supermarkets: Not just an Idea Anymore

boss

Coinme, the first to receive the status of a licensed U.S. based BTC ATM operator, is partnering up with Coinstar to offer Bitcoin purchasing throughout Coinstar’s many kiosks with the redeemable vouchers you get by exchanging nickles and pennies. “This is great to see! #MainstreamAdoption – one pocket of spare change at a time!” cBc ♦️🔸 Buying #Bitcoin $BTC on one of 20,000 #Coinstar machines 🔸♦️ pic.twitter.com/4SlPjW7nKX — CryptoBitcoinChris (@CryptoBTC_Chris) January 17, 2019 Initiated with a few selected locations, BTC-buying can be done in chains such as Vons, Albertsons and…

Coinme and Coinstar Team up to Turn Californians Coins into Bitcoin

boss

Coinstar, a U.S.-based firm that creates kiosks where people can turn their coins into cash and no-fee gift cards, has joined forces with Coinme to allow users to buy bitcoin at its kiosks at select supermarkets in the United States, reported GeekWire on January 17, 2019. Coinstar Joins the Bitcoin Bandwagon Despite the ongoing cryptocurrency bloodbath, Bitcoin adoption has seen a steady increase since 2018. In the latest development, Coinstar, a service that allows people turn their physical coins into cash or give cards in the United States, has partnered…

Academics and Pantera Capital’s “Better Bitcoin” Is still Slower than Visa

boss

A non-profit group comprised of MIT and bay area academics, as well as hedge fund Pantera Capital was formed to develop a coin that can offer faster speeds of processing transactions than Bitcoin.   How to Make Unit-e More than a “Nice Idea” Teachers from Massachusetts Institute of Technology, Stanford University, and Berkeley’s University in California along with five other colleges have teamed up with hedge fund Pantera Capital to develop a cryptocurrency that could overtake the pioneer cryptocurrency in terms of transactions speeds, as reported by Bloomberg. The group…

Bitcoin and Ether Market Update: January 18, 2019

boss

The major cryptocurrencies are in green for the last 24 hours as market capitalization still holds above $122 billion at the time of press. BTC/USD Bitcoin closed the January 16 trading session with a little more than a $20 price increase and did not allow further decline below $3,600. The mentioned level now represents a stable support threshold for bulls to hold. The BTC/USD pair increased gains on January 17 and moved north to $3,720. Malta-based crypto exchange Binance will expand to European markets by launching a new crypto-to-fiat platform…

Bitcoin Price Consolidation May Have Weakened Bear Case

boss

Bitcoin’s eight-day stretch of consolidation looks to have weakened the prospects of a drop back to December lows near $3,100. The leading cryptocurrency by market value has been restricted to a narrow range of $3,500 to $3,700 since Jan. 11. That range play is somewhat surprising, as BTC had set the stage for a quick slide toward December lows near $3,100 with a 9 percent drop on Jan. 10 – the biggest single-day decline since Nov. 24. Notably, prices fell to $3,500 that day, erasing the hard-fought gains of the preceding…

Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

boss

Massachusetts Institute of Technology. Photo: Oliver Dunkley / Flickr Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge…