Tag: Bitcoin

Bakkt Begins Testing Bitcoin Futures

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Bakkt, the long-awaited Bitcoin (BTC) futures platform from the Intercontinental Exchange (ICE), has begun testing the delivery of BTC futures, according to an official tweet on July 22. Per the tweet, user acceptance testing for Bitcoin daily and monthly futures began today with participants from around the world. The platform initially announced the launch of futures testing in June, when Bakkt COO Adam White stated, “On July 22, two days after Apollo 11’s 50th anniversary, Bakkt will initiate user acceptance testing for its Bitcoin futures listed and traded at ICE…

Honestnode Founder Discusses the First Stablecoin Built on Bitcoin Cash

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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

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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…

This Bitcoin Hard Fork Is up Over 100% YTD & Still Looks Very Bullish

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While the limelight continues to shine on bitcoin, there are other crypto tokens that might also deserve your attention. One, in particular, is Bitcoin Gold. The bitcoin hard fork climbed as high as $32.54 on June 26 before succumbing to profit-taking. At that point, the cryptocurrency was up by over 154 percent for the year. It is down almost 20 percent from the 2019 high currently. However, our analysis suggests that the current pullback is potentially nothing but a setup for a big comeback. Bitcoin Gold Printing a Reliable Reversal…

Iran to set Electricity Tariffs for Bitcoin Mining 

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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

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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

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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

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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…

Post-Halving Bitcoin to Hit $100,000 in 2020? It’s Unlikely, Data Shows

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In around 300 days, Bitcoin (BTC) will experience what is known as a “halving” or “halvening”. This event, which occurs in predictable four-year cycles, sees the amount of the cryptocurrency issued every ten minutes halve, this time from 12.5 coins to 6.25 coins per block. Related Reading: Bitcoin Bears Ramp Up Selling Pressure as Weekly Close Looms; Factors & Trends This is Bitcoin’s monetary policy, which is practically set in stone due to the consensus mechanisms that Satoshi Nakamoto implemented into his brainchild. While the halving may seem mundane, with…

Post-Halving Bitcoin to Hit $100,000 in 2020? It’s Unlikely, Data Shows

boss

In around 300 days, Bitcoin (BTC) will experience what is known as a “halving” or “halvening”. This event, which occurs in predictable four-year cycles, sees the amount of the cryptocurrency issued every ten minutes halve, this time from 12.5 coins to 6.25 coins per block. Related Reading: Bitcoin Bears Ramp Up Selling Pressure as Weekly Close Looms; Factors & Trends This is Bitcoin’s monetary policy, which is practically set in stone due to the consensus mechanisms that Satoshi Nakamoto implemented into his brainchild. While the halving may seem mundane, with…