Bitcoin (BTC) Going Mainstream, Accepted By a $4.7 Billion Company

Bitcoin Price steady, may rally Avnet now accepts Bitcoin via BitPay Participation low but demand picking up By collaborating with BitPay, Avnet now joins the likes of Microsoft and Dell as corporations accepting Bitcoin as payment. Regardless, Bitcoin (BTC) prices are steady and could close above $4,000. Bitcoin Price Analysis Fundamentals Based in Phoenix, Arizona and drawing $17.4 billion in revenue, Avnet—one of the largest electronic component distributors in the US and one of the most capitalized Fortune 500 Company has partnered with BitPay, a Bitcoin and Bitcoin Cash payment…

Proof-of-Stake Cryptocurrencies Have $4 Billion in Staked Funds: Diar

An increasing trend in cryptocurrency looks set to continue as major proof-of-stake (PoS) projects launch in 2019, industry newsletter Diar noted in its latest weekly digest on March 18. PoS, an algorithm used in many well-known cryptocurrencies such as Eos (EOS), Dash (DASH) and Tron (TRON), is accounting for a rising amount of value in the ecosystem. This year, half a dozen more PoS projects will launch, Diar notes, on the back of the debut effort from Cosmos (ATOM), a PoS project that raised $17 million in its initial coin…

Russian Police Deny Covert Confiscation of 2 Billion Rubles, Mining Equipment

Russian Police Deny Covert Confiscation of 2 Billion Rubles, Mining Equipment March 18, 2019 by Jeff Fawkes On March 14th, 2019, police confiscated cryptocurrency mining equipment and “large amounts of cash” from Sadovod and Moscow trading centers in the city of Moscow, according to a TASS police informant’s anonymous news tip. However the next day police officially denied the confiscation, adding a 2 billion ruble ($31 million USD) figure that wasn’t mentioned in the TASS report. Also read: Lawyer: People Increasing VPN, Tor Use to Avoid Media and Crypto Censorship We…

Bitcoin Up 3% as Crypto Adds $10 Billion in 1 Week: Can the Rally Continue?

Overnight, the bitcoin price surged 3 percent against the U.S. dollar above the $4,000 mark as major crypto assets in the likes of ethereum, litecoin, and bitcoin cash recorded gains in the range of 6 to 18 percent. 7-Day Price Chart of Bitcoin (Source: Coinmarketcap.com) Fueled by the momentum of bitcoin, the valuation of the crypto market spiked by $10 billion in the past week, which has been on the rise since March 12 due to the strong performance of tokens. Join CCN for $9.99 per month and get an…

Bitcoin Trading Volume Tops $11 Billion For First Time In Nearly a Year

Global trading volume for the world’s largest cryptocurrency bitcoin exceeded $11 billion Friday, the most observed in a 24-hour period since April 25 of last year. At that time, the average price of bitcoin was $8,845, while today the crypto asset is listed for less than half the price, currently trading at $3,951 as per CoinMarketCap. However, the return in volume is potentially a sign investors aren’t losing interest in bitcoin despite the less than favorable market conditions. Interestingly, the amount of bitcoin trade volume had closely aligned with it’s…

All Growth: Data Firm Predicts Blockchain Spending to Hit $12.4 Billion in 2022

All Growth: Data Firm Predicts Blockchain Spending to Hit $12.4 Billion in 2022 March 7, 2019 by Akshay Makadiya Market intelligence and advisory services provider International Data Corporation (IDC) predicts worldwide spending on blockchain will reach $12.4 billion USD in 2022, with an annual compound growth rate (CAGR) of 76 percent over the time period. Also read: Celer Network to List Next on Binance Launchpad, Promises ‘Internet Scaling’ for All Blockchains We love hearing from our readers. Sound off on our Twitter or Facebook pagesCheck out our insights & interviews with influential insiders on the Bitsonline…

Global Blockchain Spending to Reach $2.9 Billion in 2019

Global spending on blockchain solutions will reach $2.9 billion in 2019, according to a recent report from advisory services firm International Data Corporation (IDC) published on March. 4. The report dubbed “Worldwide Semiannual Blockchain Spending Guide” was prepared by market intelligence and advisory firm IDC. The report analyzes the emerging blockchain market evaluating spending data for 10 technologies across 19 industries and 15 use cases in nine geographic regions. The report forecasts that blockchain spending will be nearly $2.9 billion in 2019, up by 88.7 percent from the $1.5 billion…

While Regulators Focus on Bitcoin, Russia’s Largest Private Bank Laundered $9 Billion

A group of investigative journalists uncovered a $9 billion money laundering scam rooted from Russia’s largest private bank and unsurprisingly, it doesn’t involve Bitcoin. The scheme, which enabled perpetrators to funnel billions from shell companies to the global banking system, was exposed by the Organized Crime and Corruption Reporting Project (OCCRP) with assistance from the Guardian and Lithuanian news site 15min.lt. The journalists revealed that Troika facilitated “$470 billion in 1.3 million leaked transactions from 233,000 companies,” which led them to refer the money laundering operation as “The Troika Laundromat.” Between…

While Regulators Focus on Bitcoin, Russia’s Largest Private Bank Laundered $9 Billion

A group of investigative journalists uncovered a $9 billion money laundering scam rooted from Russia’s largest private bank and unsurprisingly, it doesn’t involve Bitcoin. The scheme, which enabled perpetrators to funnel billions from shell companies to the global banking system, was exposed by the Organized Crime and Corruption Reporting Project (OCCRP) with assistance from the Guardian and Lithuanian news site 15min.lt. The journalists revealed that Troika facilitated “$470 billion in 1.3 million leaked transactions from 233,000 companies,” which led them to refer the money laundering operation as “The Troika Laundromat.” Between…

EOS, Litecoin Spike 13% in $5 Billion Crypto Boost; Can Bitcoin Surge?

Following an abrupt short-term dip from $132 billion to $126 billion, the crypto market has almost fully recovered as Bitcoin bounced back to $3,800 and assets like EOS and Litecoin recorded 10 to 13 percent gains. Peter Brandt, a prominent technical analyst, stated that crypto assets like Litecoin have led Bitcoin higher in the past 48 hours, allowing the dominant cryptocurrency to recover from $3,690 to $3,880. $LTC leading $BTC higher pic.twitter.com/ufcaGcwWBJ — Peter Brandt (@PeterLBrandt) March 5, 2019 If major crypto assets, small market cap cryptocurrencies, and tokens are…