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Bitcoin Price Not as News-Driven as Previously Thought, Study Finds
18.6.2020
Source: Adobe/Pixel-Shot
Despite bitcoin (BTC) having a reputation for wild price swings, investors shouldn't necessarily get too concerned about potential bad news surrounding it, suggest the results of a new study on bitcoin’s price volatility.
The study went into great detail on the impact...
Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China
18.6.2020
It’s been approximately 37 days since the notorious Bitcoin reward halving that took place on Monday, May 11, 2020. On June 16, the Bitcoin network saw a large upwards difficulty adjustment making it much harder to mine bitcoins and slowing down the issuance rate because block generation...
IRS Tells Couple With $7 Million in Bitcoin to Liquidate Crypto Assets and Pay off Tax Debt
17.6.2020
The Internal Revenue Service (IRS) has won a case in which it demanded that a Maryland couple liquidate their bitcoin to pay-off a $1.1 million tax debt. Alexander and Laura Strashny proposed to the IRS to pay their 2017 tax liability, generated from non-crypto activities, in installments over...
Fed Chair Powell Warns of ‘Unsustainable’ Budget as US National Debt Crosses $26 Trillion
17.6.2020
In his testimony before the Senate banking committee, Federal Reserve Chairman Jerome Powell warned Congress that the U.S. federal budget has been on an unsustainable path for years. He added that the U.S. economy is facing a deep downturn with “significant uncertainty.”...
Bitcoin News Roundup for June 17, 2020
17.6.2020
With Ethereum logging it's busiest week on record and the number of bitcoin whales headed up, CoinDesk's Markets Daily Bitcoin news roundup is back!
Demand for Charter Cities During Covid-19 Pandemic Grows Exponential – People Desire Semi-Autonomous Zones
17.6.2020
For quite some time now, a number of libertarians, bitcoin evangelists, and blockchain entrepreneurs have been promoting the idea of charter cities and seasteading concepts. One such project, Pronomos Capital, has raised $9 million from heavyweight investors like venture capitalist Peter Thiel....
Competition Between Bitcoin Mining ASIC Manufacturers Is Heating Up - Report
17.6.2020
After Bitcoin halving, ASIC mining equipment producers will compete increasingly more aggressively, and in the long term, only 2 or 3 industry players will survive, states a report by BitMEX Research.
The report looks into the history and current situation, as well as the efficiency of mining...
Spanish Crypto Users Report Banking ‘Freezes’ After Using Exchanges
17.6.2020
Banks in Spain are reportedly closing accounts they suspect belong to cryptocurrency traders, particularly users of the LocalBitcoins peer-to-peer exchange – and may have been doing so “since November last year.”
Per a report from media outlet Criptonoticias, an experienced crypto trader who asked...
CFTC Chairman: US Must Lead the World in Crypto With Less Restrictive Rules
17.6.2020
The chairman of the Commodity Futures Trading Commission (CFTC) has called on other regulators to establish a framework for sound crypto regulation. He believes that the U.S. must lead in the crypto field and “applying overly prescriptive rules could stunt the development of this important...
2 in 1 – Learn How to Trade on Derivatives for Free and Win Apple Prizes From CoinDeal Derivatives
17.6.2020
Derivatives trading is one way of generating huge profits in a very short time. This raises the question: How can you learn it at no cost? CoinDeal will allow you to test derivatives for free. This is a unique opportunity to try your hand at margin trading. At first, CoinDeal will launch a DEMO...
Brute Force Attack Puts Super-fast End to ‘4-Week’ Bitcoin Riddle
17.6.2020
Hackers rose to the challenge of stealing a bitcoin – with a “brute force” cryptanalytic attack allowing raiders to crack into a wallet and make away with the BTC 1 booty.
Alistair Milne, the chief investment officer at the Altana Digital Currency Fund, had set the world of social media...
Institutional Investors Set for Herd-like Move to BTC, Says Kraken CEO
17.6.2020
More institutions will follow those already in the bitcoin (BTC) space, as their mentality is generally that of "a herd," said Jesse Powell, CEO of major crypto exchange Kraken in an interview with Bloomberg TV. He also opined that bitcoin is already a store of value, and will soon...
Bitcoin Consolidates Below Key Resistance, Altcoins Show Positive Signs
17.6.2020
Yesterday, bitcoin price started a strong recovery above the USD 9,300 resistance. BTC even broke the USD 9,500 region, but it is struggling to gain strength above the USD 9,550 resistance zone. It is currently (08:30 UTC) consolidating gains and seems to be preparing for a bullish break above...
Will India Ban Crypto? 5 Exchange Executives Shed Light on the Truth
17.6.2020
There has been some confusion over whether India will ban cryptocurrency, including bitcoin, following recent reports of a note being circulated by the government. News.Bitcoin.com interviewed executives of five cryptocurrency exchange platforms in India to find out the truth about the news. Indian...
Number of Bitcoin Whales Rises, but Their Wealth 'Declines'
17.6.2020
Although the number of bitcoin (BTC) whales is growing, it looks like some of the crypto world's biggest players now hold less BTC now than they did four years ago. They also hold less wealth in USD terms than they did three years ago, per a recent report from blockchain analytics firm...
Limitless Bailouts: US Federal Reserve Announces Billion-Dollar Corporate Bond Purchase Program
16.6.2020
During the last three months, the U.S. Federal Reserve has created a system of monetary avarice, as the central bank can literally do whatever it wants with zero oversight. The American public recently witnessed the Fed’s announcement on Monday, which explained the central bank will be buying...
Spanish Parliament Set to Decide Fate of Crypto Exchanges Regulations
16.6.2020
Soure: Adobe/AlekseyIvanov
The Spanish parliament is set to vote on a new crypto exchange regulation law in the “second half of 2020” – after the country’s Ministry of Economic Affairs and Digital Transformation announced it was preparing to police the nation’s trading platforms.
Per an official...
Virtual Panda BTM Launched for Colombian Residents: Dispenses BTC, BCH, DAI, and Dash
16.6.2020
The CEO of Panda Group and the founder of Colombia’s Panda Exchange and physical Panda BTM terminals, Arley Lozano, recently revealed a new product called app.pandabtm.io. The new service is a virtual automated teller machine that dispenses four types of cryptocurrencies; bitcoin cash (BCH)...
Bitcoin Mining Difficulty Just Made the Highest Jump in Two Years
16.6.2020
The pre-adjustment predictions last week seem to have underestimated this Bitcoin (BTC) mining difficulty adjustment, as it went higher than expected.
The third Bitcoin mining difficulty adjustment after the halving saw this measure of how hard it is to compete for mining rewards increase...
Bitcoin News Roundup for June 16, 2020
16.6.2020
Stocks keep crypto down while Africa gets Lightning Nodes. It's CoinDesk's Markets Daily Podcast