New Wrapped Bitcoin Platform Allows You to Transact in BTC Using Tezos

On April 8, the Bitcoin Association Switzerland (BAS) announced the launch of a new wrapped bitcoin project called Tzbtc. The token will be used on the Tezos network and each token will be backed 1:1 with BTC. The project is now the fourth tokenized project that leverages BTC on another blockchain. Also read: The Bitcoin Cash Network’s Block Reward Officially Halved – Block 630,000 Mined Tokenized Wrapped Bitcoin Projects Are Trending There’s now a number of tokenized BTC projects that leverage tokens on an alternative network and claim to be…

Retail Bitcoin (BTC) Buying Up Despite Institutional Dump, Report Suggests

The number of wallet addresses with small Bitcoin (BTC) holdings has increased significantly since the crash of March 12, 2020 — ‘Black Thursday,’ when the price of BTC fell to $3,800. Retail Traders Bought the Dip During the Last Bitcoin Crash According to Coin Metric’s “State of the Network” report published on Tuesday (April 6, 2020), the mid-March Bitcoin price crash triggered retail investors to “buy the dip.” Data from the report shows a noticeable increase in the number of BTC wallet addresses holding small Bitcoin amounts — a usual…

Bitcoin Futures Did Not ‘Manipulate’ BTC Price — Stock-to-Flow Creator

Bitcoin futures do not unfairly impact the price of Bitcoin (BTC), according to the creator of one of the cryptocurrency’s most accurate price models. In a series of tweets on April 7, PlanB, the pseudonymous analyst behind the stock-to-flow model, argued that futures have not caused the Bitcoin price to behave erratically. PlanB: “Nothing unusual” in Bitcoin price after futures release According to stock-to-flow, Bitcoin has performed as expected, even after the first futures hit the market in December 2017.  Now an industry with hundreds of millions of dollars of…

Major Chinese Mining Pool Drops out of BTC Mining Race, Looking to Altcoins

Although the Bitcoin hashrate has increased 33% in the last 48 hours the mining industry still faces uncertainties. This has left Baite mining pool, one of the top Chinese pools with no choice but dropping out of the mining race.  According to local blockchain media on April 6, Chinese mining company Valarhash’s Baite mining pool hash rate decreased significantly from 4000 to 200 petahashes per second earlier in March. The pool decided to leave the Bitcoin mining business and possibly move into altcoin mining in the near future.  Over 9%…

Tech Giant Microsoft Patents New Bitcoin (BTC) Mining System 

Tech giant Microsoft has patented a new crypto mining solution that uses human bodily activity data to reward people with digital currency when they perform certain tasks. The firm says the new system aims to reduce computational energy consumed during mining while also making the mining process faster, according to a report released April 6, Read MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News Original

Price Analysis April 6: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Many major cryptocurrencies are breaking out of their critical overhead resistance levels and it seems the uptrend is likely to continue for the next few days. During a crisis, the first thing panic-stricken investors do is to sell almost every asset class they perceive is likely to go down. However, after the panic settles down, the bottom fishers step in and start buying the assets that show value. We have seen both of these phases play out for cryptocurrencies. The sharp selloff on March 12 was a good example of…

Ethereum Creator Picks Two Worst Bull and Bear BTC Predictions Ever Made

As the world’s biggest cryptocurrency, Bitcoin (BTC) is highly volatile, once surging from $1,000 to $20,000 in the span of just over a year. The coin has become the subject of infinite price predictions. Both optimistic and negative, some of these predictions have turned out to be extremely inaccurate. Vitalik Buterin, the well-known co-creator of the Ethereum network and its native cryptocurrency Ether (ETH), highlighted the two worst Bitcoin price predictions ever made since the digital currency was introduced back in 2009. In an April 6 tweet, Buterin emphasized that…

Bitcoin (BTC) Reclaims $7,000 as Global Efforts Against the Coronavirus Start to Bear Fruit

In brief: Bitcoin (BTC) has this morning reclaimed the $7,000 value once again.  Its movement is amidst global reports of some countries winning the war against the Coronavirus.  With halving only days away, Bitcoin might continue with its upward trajectory.  In our Saturday analysis of Bitcoin, Ethereum World News had advised a ‘wait and see’ approach with respect to the price action of BTC. This was due to the fact that the 50 and 100 MA on the 6-hour chart looked set to act as temporary support for the King…

Former Google Engineer Claims to Hack Zip File Containing $300,000 in BTC

Michael Stay, a former software engineer with Google and the current CTO of smart contract and decentralized application (Dapp) firm, Pyrofex, claims to have successfully hacked a zip file containing the private keys to over $300,000 in Bitcoin (BTC). In a blog post, Stay says that his journey began when he received a message from “a Russian guy” on LinkedIn about six months ago. Software engineer contacted on LinkedIn regarding paper from 2000 The Russian had read a paper authored by Stay in 2000 describing a technique that he had…

Bitcoin Flips Bullish — But Here’s Why BTC Price May Still Hit $3.9K

Bitcoin (BTC) price has gained more than 10% in the last week, giving bulls some hope that the road ahead is a bright one for the leading digital asset. However, despite an effort to blast through the critical resistance level of $7,200 as mentioned in last week’s analysis, there was a huge rejection bringing home the reality that perhaps it may be a little too soon to be expecting a miraculous bounce back to the $8,000+ levels.  Daily crypto market performance. Source: Coin360.com $5,500 then moon? BTC USD daily chart.…