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The Rise of a New Faketoshi? Caantoshi Enters the Scene
20.8.2019
Being real Satoshi Nakamoto – or being believed to be the real creator of the world’s most popular cryptocurrency, Bitcoin – is no joke, as, among other things, billions of dollars are on the line, and even a possible influence on the market. Numerous people have saught cheap attention with claims...
Bitcoin and Altcoins Poised for Further Appreciation
20.8.2019
This week, bitcoin price started a strong recovery above the USD 10,200 and USD 10,500 resistance levels. BTC/USD even climbed above the USD 10,650 resistance. It opened the doors for more upsides and the price recently climbed above USD 10,800. Similarly, there were positive moves in a few major...
Bitcoin and Altcoins Rebound Facing Resistance
19.8.2019
This past week, bitcoin price extended its decline and even traded below the USD 10,000 support. BTC/USD tested the USD 9,500 support area and recently started an upside correction. The price gained more than 5% and is currently (08:10 UTC) trading above the USD 10,500 resistance. However, there...
Want to Buy ‘Virgin Bitcoin’? Be Ready to Pay 20% More, Says CEO
16.8.2019
Buyers of so-called "virgin bitcoins" are paying up to 20% more for coins with no transaction history, Flex Yan, CEO of Babel Finance, a Hong Kong-based crypto financial services company, claims.
In a recent opinion piece, published by Bitcoin Magazine, he said that demand for the virgin coins...
Ponzi Accused of USD 2B Heist & BTC Crash, Analysts Disagree
16.8.2019
In the past couple of days, the Cryptoverse was filled with discussions about an alleged Chinese ponzi scheme selling bitcoin and causing a crash, but according to cryptocurrency analyst group TokenAnalyst, that may not be the reason.
Dovey Wan, a founding partner of California-based investment...
Why US BTC ETFs Matter if ‘No One Cares’ About European ETNs and ETPs
15.8.2019
As a new round of decisions by the U.S. Securities and Exchange Commission (SEC) on bitcoin-backed exchange traded funds (ETFs) is expected in the coming months, questions are now being asked on why it even matters.
In an interview on Bloomberg TV on Wednesday with Hunter Horsley, CEO of Bitwise...
Bitcoin As a Safe Haven Case Still Lacks Proof
15.8.2019
As the global markets went down, discussion have been lead about bitcoin (BTC) as a safe haven – with many not believing it to be so.
As bitcoin climbed while stocks were falling, some in cryptoverse argued it was acting like a safe haven in a manner similar to gold, while others denied that...
What to Do if You Just Got a Crypto Tax Letter from the IRS
15.8.2019
Have you just woken up to find a letter from America’s top tax authority, the Internal Revenue Service (IRS) in your mailbox, asking you to pay tax on your crypto earnings… and come to the sad realization that you’re not having a nightmare?
Scores of American cryptocurrency traders have received...
Bitcoin Dives Below USD 10K Again, Crypto Market is Down 8%
15.8.2019
Source: iStock/hocus-focus
As the sell-off in the crypto market is continuing this week, the most popular cryptocurrency, bitcoin, just took one step lower and now trades below USD 10,000, or the level last seen on July 31. Among the top 100 coins only a few are in green.
At pixel time (05:00 UTC)...
Bitcoin’s Surging Dominance – Is This Time Really Different?
15.8.2019
Bitcoin's share of the total crypto market is rising rapidly, but is that necessarily good news for the sector?
Samsung at Last Adds Bitcoin Functionality to Its Blockchain Phones
14.8.2019
Samsung has added bitcoin functionality to its blockchain-enabled smartphones six months after launch
Samsung Adds Bitcoin to its Crypto Wallet, Available on Note 10 Also
14.8.2019
Samsung Galaxy Note 10. Source: a video screenshot, Youtube, Samsung
The biggest smartphone maker Samsung has added Bitcoin support to its forthcoming Blockchain Keystore Software Development Kit (SDK) and confirmed that its cryptocurrency wallet is supported on its newest flagship phablet, Galaxy...
Bitcoin Drops to USD 10.5K, Ether, XRP Remain Steady, BCH Rallies
14.8.2019
Bitcoin once again saw losses this week after having sold off on both Monday and Tuesday, as traders rushed to take profits after the rally seen earlier this month.
At pixel time (05:20 UTC), bitcoin (BTC) trades at c. USD 10,576 and is down by 7% in the past 24 hours and by 9% in the past week....
Final Decisions on Two BTC ETFs in October May Not Be Final After All
13.8.2019
It seems that the crypto industry's struggle to finally have a Bitcoin ETF (exchange-traded fund) approved by the U.S. Securities and Exchange Commission (SEC) may not end with final decisions on two ETFs in October even if they are negative.
The SEC confirmed yesterday that it once again delayed...
Bitcoin and Altcoins at Risk of Further Declines
13.8.2019
Recently, there was a minor upside correction in bitcoin price above USD 11,400. However, BTC/USD struggled to continue above the USD 11,500 resistance. The current price action indicates a negative bias and it seems like BTC might continue to weaken in the near term. Similarly, there were bearish...
Argentinians Pay Crypto Premium, Venezuelan Lottery to Give BTC Prizes
13.8.2019
Bitcoin is booming in South America as national fiats flounder – with Argentinians paying a premium for cryptocurrencies and the Venezuelan national lottery handing out cryptocurrency prizes.
Enthusiasm for cryptocurrencies is spiking in Argentina in the wake of election primary results on Sunday...
Bitcoin and Altcoins Target Fresh Monthly Lows
12.8.2019
This past week, bitcoin price traded to a new monthly high close to USD 12,320 before starting a major downside correction. BTC/USD broke the key USD 11,800 and USD 11,500 support levels. It tested the USD 11,200 support area and is currently (08:00 UTC) correcting higher. However, upsides...
Why do Crypto-Related Surveys in the U.S. Paint Different Pictures?
9.8.2019
Several different surveys, the results of which have come out since last year, have shown mixed feelings when it comes to how American’s view cryptocurrency – while some surveys suggest more positive results, others paint a bleak picture. Where does the discrepancy come from? As various surveys...
Another Macro Event That Could Move Bitcoin Is Happening This Fall
9.8.2019
The potential for a “no-deal” scenario as the UK leaves the European Union in October of this year could drive bitcoin to new highs, some industry players estimate.
As many have already experienced first-hand, the British pound has lost a fair amount of value against both the euro and the U.S....
Bitcoin Could ‘Insulate Portfolios’ From Financial Risks: Case Study
9.8.2019
A new case study from the crypto-focused major asset management firm Grayscale offered some insights on how the firm sees bitcoin as a hedge against U.S.-China trade risks.
In the study, dubbed Hedging U.S.-China Trade Risk with Bitcoin, Grayscale pointed out just how significant a risk they...