Bitcoin has rapidly corrected lower in the past hour. In the span of thirty minutes earlier this hour, the leading cryptocurrency slid from $11,520 to a low near $11,200. Bitcoin has since recovered to $11,275 as buyers have stepped in at those pivotal lows, an important region of technical support. The cryptocurrency is down 2%
Interest in Bitcoin Soars in Egypt Amid Economic Crisis and Unemployment A growing number of Egyptians are reportedly turning to bitcoin amid rising unemployment and the economic crisis. An Egyptian bitcoin community is seeing a huge spike in the number of members interested in bitcoin mining and trading. Egyptians Increasingly Attracted … read more. UK
Bitcoin enjoyed one of the strongest runs since the latter part of 2017 during the first half of this year. During those first six months, the cryptocurrency gained in each of the six months of the year, but the momentum came to an end in July, and the indecisive performance has continued into August. The
Bitcoin genesis block is the ‘New Testament’ of finance 9 minutes ago No need to suffer from centralized systems since the world has been offered its greatest weapon against it: cryptocurrency. 49 Total views 1 Total shares Listen to article Opinion “Fiat lux”, said God, having created heaven and earth, which was filled with darkness.
A first-of-its kind service wants to play matchmaker between big-scale mining facilities and individual miners looking for a hosting setup. Bitcoin mining company HASHR8 just launched its Compass platform, a search engine of sorts for individual miners to shop for a hosting facility to operate their mining hardware for them. While mining farms hosting solo
Editor’s note Blockchain technology has attracted regulatory attention since its inception. The security of the Bitcoin network despite the value of BTC in play has consistently proved the resilience of blockchain technology in maintaining records across a vast range of parties. However, many countries have determined that Bitcoin doesn’t behave as a currency at all,
Bitcoin has undergone a strong rally over recent months from the March lows to $12,500 at the August highs. Not everyone is convinced that the crypto’s macro trend is positive, though. They point to the fact that Bitcoin has yet to firmly establish itself above $11,500 and $12,000. Those two levels have been of technical
The cryptocurrency market might have had a horrid time over the past few weeks, but things have changed this week. Much of the reversal in fortunes is possibly tied to the upcoming Bitcoin halvening event. Why the Sudden Jump? The world’s biggest cryptocurrency by market cap has been in the doldrums due to the coronavirus-induced
This week, the Filecoin mainnet finally went live. This is huge news, not only because of the anticipation following Filecoin’s large token offering in 2017, but because creating a vibrant ecosystem of decentralized cloud offerings is an important step in the maturation of the cloud. I suspect my feelings on this development may surprise a
Cryptocurrency reserves held on digital asset exchanges have been dropping to new lows, as some of the top exchanges have seen significant bitcoin reserve balance drops. A few months ago trading platforms had a lot more bitcoin reserves on hand and onchain data shows a few exchanges have seen customers steadily drain 187,000 bitcoins ($2.1B)
Chicago Mercantile Exchange’s cash-settled Bitcoin (BTC) futures trading products “contribute more to price discovery than its related spot markets,” according to findings in a new report by investment firm Wilshire Phoenix. The increasing volumes of crypto derivative products highlight greater participation from institutional investors and this will likely be positive for the entire crypto space.
The founder of major global cryptocurrency exchange OKEx has been reportedly questioned by authorities previous to OKEx suspending cryptocurrency withdrawals. OKEx founder Mingxing Xu, also known as Star Xu, has reportedly been questioned by the police, Chinese news agency Caixin reported on Oct. 16. According to the report, the exec was investigated “at least a
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Over the last couple of years, the crypto space has grown considerably, and nowadays there are around 2,500 cryptocurrencies in addition to Bitcoin. However, BTC still remains the most valuable and the biggest cryptocurrency in the world in terms of market capitalization. That being said, it is also important to note that over the years,
The New York Department of Financial Services (NYDFS) has released a lengthy report analyzing the impact of July’s high-profile Twitter hack, which resulted in the theft of over $118,000 worth of Bitcoin (BTC). Far beyond the immediate material impact, the NYDFS states that the incident exposed the deep cybersecurity weaknesses of a publicly-traded social media company valued
As protests surge through Nigeria in response to police brutality, one enclave of protestors has turned to bitcoin as a financial lifeline during turbulent times. The Feminist Coalition’s bank account was shuttered this month after its involvement in the End SARS protests came to light, according to a person familiar but unaffiliated with the group
A new form of crypto-agriculture appears to be taking shape, with Reddit’s “community points” tokens facilitating the emergence of spam-farming. Reddit’s community points are given to users based on their activity within a given subreddit, with the feature currently activated for the platform’s cryptocurrency and Fortnite communities as ERC-20 tokens dubbed Moons and Bricks respectively.
A shariah compliance expert, the current chairman of the Shariah Advisory Council at Malaysia’s central bank and a shariah board member at many financial companies, says that cryptocurrency is a legit commodity that can be exchanged. Cryptocurrency and Shariah Compliance Cryptocurrency adoption and investments remain low in Muslim countries as people are still unsure of
Bitcoin has every possibility to grow its market size by 15-20 times within the next 15 months, according to Anthony Pompliano of New York-based hedge fund Morgan Creek Digital. The founder said in a note to investors that they should put 1-10 percent of their investable capital into Bitcoin. Recalling his own portfolio’s 50 percent
Bitcoin price fell by 9.8% last week, registering its most significant weekly decline since mid-March. The currency hit a two-week low of $8,630 early Monday, with prices last seen at $8,730—which is down more than 11% from a post-halving high of $9,960 on May 18. The recent price drop is, in turn, causing the number