Here’s what happened this week in Bitcoin in 99 seconds. The popular mining company Bitmain is looking to IPO, forcing it to disclose its financial position. Surprisingly, Bitmain has over 1 million Bitcoin Cash while their Bitcoin holdings are at only 71,560. Analysts say that this outsize Bitcoin Cash position represents a major liability […]
Ripple (XRP) is one of the few cryptocurrencies to have completed a correction of more than 90% since its all time high. The price has settled just above the $ 0.25 mark which seems to be a bottom as indicated by the Vix diagram on the above weekly chart for XRP/USD. Wave trend analysis for the chart above shows that the price has likely bottomed out and is now preparing for a bullish breakout in the weeks ahead.
Here’s what happened this week in Bitcoin in 99 seconds. Bitcoin continues to outperform altcoins, reaching over 51% of the total crypto market cap this week. The story behind this week’s $ 900 price drop was the SEC’s decision to delay its decision on the highly-anticipated Bitcoin ETF until September 30th. Agency officials want more […]
Español Русский Here’s what happened this week in Bitcoin in 99 seconds. The unexpected price drop in Bitcoin last week likely resulted from a failed margin call on a massive position on Hong Kong’s OKEx exchange. A highly-leveraged position, representing about $ 416 million, had to be liquidated by the exchange once it started losing. However, […]
Intercontinental Exchange (ICE) teaming up with Microsoft, Starbucks and others on digital asset platform Bakkt makes it “much easier” for a Bitcoin ETF to launch.
Kelly: ICE Is ‘Huge News’
That’s according to Brian Kelly, CNBC’s regular cryptocurrency commentator and BK Capital Management founder, who called the plans the “biggest news of the year” for Bitcoin.
“This is huge news,” he told the network during an episode of its Fast Money segment Saturday.
Kelly was speaking one day after ICE, which owns the New York Stock Exchange, confirmed its high-profile partnership to build a “global ecosystem for digital assets” with a slated launch date in November 2018.
Bitcoin price continues to deflate after last week’s BTC ETF rejection. By now most traders will want to know whether or not this is a short-term bear trend, or if BTC is returning to the $ 6k range indefinitely.
There was a time when the slightest rumor sent tremors through the market and boosted even the most unheard of altcoin by 20% minimum. Alas, it appears that those days have long passed. Outside of the this month’s Bitcoin ETF hype and letdown, very little of this week’s positive bitcoin news translated to growth in price.
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Español Русский Here’s what happened this week in Bitcoin in 99 seconds. The price upswing of Bitcoin this week was attributed to bullishness over a possible Bitcoin ETF and also Chinese inflows following the devaluation of the Yuan as a response to Trump’s new trade tariffs. The Chicago Mercantile Exchange tweeted that Bitcoin futures trading […]
In recent mining news, Brookstone Partners has announced its intention to build a 900-megawatt wind farm in Dakhla, Morocco, Hydro-Québec has been given permission to charge cryptocurrency miners increased rates, and DMG has begun installing its 85-megawatt substation in Canada.
Brookstone Partners Plans 900 MW Wind Farm in Morocco to Power Mining
Brookstone Partners, a New York-based private equity firm, has announced plans to construct 900 megawatt (MW) wind farm near Dakhla – a disputed territory presently administered by Morocco.
Español Русский Here’s what happened this week in Bitcoin in 99 seconds. BlackRock, the world’s largest asset manager with $ 6.3 trillion under management, announced on Monday that it’s considering Bitcoin for investment purposes. The firm’s CEO, Larry Fink, said that BlackRock is putting together a team to study cryptocurrencies. Coinbase apparently received regulatory […]
Español Русский Here’s what happened this week in Bitcoin in 99 seconds. The Bancor platform was hacked for $ 23.5 million in Ethereum and other tokens. The Bancor Network was taken offline until Wednesday. Bancor’s ICO raised roughly $ 153 million in 2017. French hardware wallet manufacturer, Ledger, sold in excess of 1 million units during […]
Español Русский Here’s what happened this week in Bitcoin in 99 seconds. Crypto’s combined market cap rose over 15% from $ 233 billion late last week to its current level of $ 270 billion. Trading volumes on Binance and Houbi exchanges were up by over 100% over the last 10 days, with the volume on South […]
The ambitious project thinks token-based governance can tackle not just censorship, but fake news, echo chambers and journalism’s other crises.
Español Русский Here’s what happened this week in Bitcoin in 99 seconds. Facebook will rescind its ban on crypto ads across its social media platform. The ban was instituted in January. The move stoked rumors that Facebook is intending to launch its own crypto or even acquire US exchange giant, Coinbase. For now, all […]
There was a time when even the slightest hint that a new development was taking place in the crypto industry would drive prices up instantly. Reddit accepting Bitcoin was enough to drive the price of Bitcoin up by hundreds of dollars in just a few hours; rumors that Coinbase would list XRP would send the price of XRP up almost instantly. Ethereum’s price would appreciate just because Vitalik Buterin tweeted something that piqued people’s interest; TRON’s price would rise just because. Those days, while not too far behind us, seem to be fading away with each passing day. Now, the price of Bitcoin seemingly won’t budge, and even when it has, the movement has been slight and it has slipped back down within a few hours. Trading at just over $ 6,100 at the time of writing, Bitcoin has not reacted as many would have expected it to in the face of some very positive news.
Español Русский Here’s what happened this week in Bitcoin in 99 seconds. Some market watchers blamed the bearish price action on news that Japan’s largest exchange, BitFlyer, was ordered to suspend new account registrations. Japan’s Financial Services Agency, which oversees crypto exchanges, has demanded that BitFlyer improve their KYC / AML processes. Those who […]
As the week comes to a close, let us reflect on and digest all the news — most of which was negative, that happened in the cryptocurrency arena affecting Bitcoin price.
Oh Look, Another Exchange Hack
Tuesday evening, popular South Korean cryptocurrency exchange Bithumb reported a system breach that resulted in approximately $ 31 million worth of cryptocurrencies being stolen. Coincidentally, in the days following the hack, there was a large marketwide dip — Bitcoin and Ethereum dropped 11 and 15 percent, respectively.
Español Русский Here’s what happened this week in Bitcoin in 99 seconds. The US Securities and Exchange Commission stated that they don’t consider Bitcoin or Ethereum as securities, renouncing any claim to oversight of these coins. However, the SEC regards the majority of ICOs as securities, and thus within their regulatory scope. ICOs will […]
Adblock Plus creators eyeo are out to put an end to misleading and false information online. Their new ‘Trusted News’ browser extension is aiming to take advantage of blockchain technology to create a decentralized database that classifies the integrity of information on the web.
The Era Of ‘Fake News’
The past few years on the internet have been a tumultuous roller coaster ride which has ushered in waves of innovation and mass adoption around the globe. As of December 2017, more than 54 percent of the world’s population has access to the internet in some form.
Español Русский Here’s what happened this week in Bitcoin in 99 seconds. Japan’s GMO corporation revealed its new ASIC miner, the B2. The device achieves a 24 terahash per second hashrate for a power cost of 1950 watts, making it about 20% more efficient than Bitmain’s S9. The B2 sells for $ 2000 and will […]