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Chinese Court Rules that Bitcoin has Legal Value - Report
19.7.2019
An internet court in China has reportedly made a landmark ruling on cryptocurrencies, recognizing Bitcoin as having legal value as property.
Per Chinese media outlet BJ News, Hangzhou Internet Court – one of three legal bodies in the country that handle digital and internet-based legal matters...
Billionaire Looks for "the Next-best Currency", Gives Bitcoin Hope
18.7.2019
Ray Dalio. Source: a video screenshot, YouTube, TED
Ray Dalio, American billionaire investor, Co-Chief Investment Officer and Co-Chairman of Bridgewater Associates, a global investment firm, published a report, where he criticizes the current fiat money system but does not mention Bitcoin. This...
Bitcoin and Altcoins Correcting Losses But Bulls Might Face Hurdles
18.7.2019
Yesterday, we saw a downside extension in bitcoin and altcoins. BTC/USD traded towards the USD 9,000 support and it is currently correcting higher. There was a clear break above the USD 9,500 and USD 9,600 resistance levels. However, the price might face a few important hurdles on the upside near...
Coder Proposes Alternative to Bitcoin’s ‘Notoriously Unreliable’ Testnet
18.7.2019
Introduced Wednesday, a new proposal called Signet offers a fresh alternative to bitcoin's test network
States Rush to Collect Abandoned Crypto
17.7.2019
A bill has been proposed in the New York State Assembly, which would liquidate unclaimed cryptocurrency after the digital assets have been abandoned and transfer them to a state office. However, such legislation comes with many unresolved issues and unanswered questions.
An industry group,...
Bitcoin and Altcoins Signaling Bearish Continuation
17.7.2019
Yesterday, we discussed the importance of the USD 11,000 resistance. BTC/USD made an attempt to continue higher, but the bulls failed to gain momentum. As a result, bitcoin price started a fresh decline and broke a few important supports near the USD 10,200 and USD 10,000 level. The price declined...
Bitcoin Dives Under USD 10,000, Crypto Market Down 10%
16.7.2019
The most popular cryptocurrency, bitcoin, dropped by almost USD 1,000 on Tuesday, breaking the USD 10,000 level and almost reaching USD 9,600, while the whole market capitalization dropped by more than 10%.
At pixel time (17:49 UTC), bitcoin trades at c. USD 9,641, and is down by almost 9% in...
Bitcoin and Altcoins Recovery Could Accelerate if BTC Breaks USD 11K
16.7.2019
There was a significant decline in bitcoin and altcoins in the past three days. BTC/USD even tested the USD 9,800 level and recently formed a support base near USD 10,000. As a result, the price started an upside correction and broke the USD 10,400 and USD 10,600 resistance levels. Similarly, there...
Can Donald Trump Ban Bitcoin and Cryptocurrencies?
15.7.2019
Source: Twitter, @realDonaldTrump
The President of the United States, Donald Trump, can theoretically go after Bitcoin and cryptocurrencies but in reality, such a ban is highly unlikely, according to a recent discussion in the cryptoland.
The discussion was sparked by the Trump’s tweetstorm where...
Crypto Markets See Double-Digit Crash, Bitcoin Dips Below USD 10,000
15.7.2019
Source: iStock/hocus-focus
After a short term recovery last week, when bitcoin price reached USD 13,000 again, it dropped over the weekend dipping even below the psychologically important level of USD 10,000 for c. 10 minutes on Monday morning (UTC time). Only a few coins from the top 100 are...
Trump Takes Aim at Bitcoin, But Crypto Community Says ‘Thanks’
12.7.2019
Source: Twitter, @WhiteHouse
American President Donald Trump has lashed out at cryptocurrencies – taking aim at Bitcoin and Facebook’s Libra project in particular, and insisting that the social network and other token issuers must “face global regulations” if they intend on “becoming banks.”
In...
Opera’s Crypto Wallet for Android now Supports Bitcoin and Tron
11.7.2019
Source: Opera, Cryptonews.com
The Opera web browser has announced more good news for the cryptoverse as their crypto wallet has enabled support for Bitcoin and Tron blockchains. However, not for everyone yet.
To be more precise, the new features have been introduced into Crypto Wallet in the beta...
What USD 13K? Bitcoin Crashes Below USD 11.5K, Crypto Market Dives
11.7.2019
Source: iStock/Photographer, Filmmaker, Designer
The most popular cryptocurrency, bitcoin, just erased all its gains this week after its price crashed by almost USD 2,000 suddenly, while the whole crypto market dropped by 13%. Only two coins from the top 100 are in green now.
At pixel time (04:54...
Bitcoin Dominance Climbs Almost 20% in a Month, Price Hits USD 13,000
10.7.2019
Bitcoin dominance surpassed 65% today, or the level last seen in April 2017, as the price of the most popular cryptocurrency hit USD 13,000 for the third time this year.
At pixel time (06:17 UTC), bitcoin trades at c. USD 12,993 and is up by 2% in the past 24 hours, by 14% in the past week and...
Bitcoin Rallies Closer to USD 13,000, Altcoins Struggle to Keep Up
9.7.2019
The number one cryptocurrency, bitcoin, continues to defend its position as digital gold, with gains of 11% in the past 24 hours. Meanwhile, nearly all altcoins in the top 100 are in the red relative to bitcoin over the same time period.
At pixel time (05:19 UTC), bitcoin trades at c. USD 12,740...
Bitcoin Gets its First 'A' Rating
8.7.2019
In an update from financial ratings agency Weiss Ratings on Monday, the firm said it has upgraded Bitcoin to an A-, and given it a “strong buy” recommendation.
Weiss Ratings first became known to the cryptoverse in January of 2018 when it became the first traditional ratings agency to assign...
Best of Crypto Volatility: ‘80% Correction’ or ‘New Parabola’
8.7.2019
As the crypto market is showing positive signs again an the entire cryptoverse tries to guess on bitcoin’s next move, legendary trader and technical analyst Peter Brandt shared his view that reminds how volatile this market can be.
In a tweet on Sunday, the analyst said that he sees two possible...
Electrum Wallet Is Adding Support for Bitcoin’s Lightning Network
5.7.2019
The popular wallet service Electrum is soon to add official support for bitcoin's lightning network, its founder has told CoinDesk
All Currencies Based on Faith, Says Famed Investor Who Eyes Bitcoin
5.7.2019
Source: a video screenshot, Youtube, Bloomberg Markets and Finance
All currencies are based on faith, Mark Mobius, a legendary investor, co-founder of an asset management company Mobius Capital Partners, stressed, adding that he might buy bitcoin if its adoption picks up.
"Let's face it -...
ECB, IMF, China, Italy and Now Donald Trump Builds a Case for Bitcoin
4.7.2019
Donald Trump. Source: Twitter, @realDonaldTrump
U.S. President Donald Trump has joined the ranks of other officials unintentionally building a case for Bitcoin and showing why it’s better compared to traditional fiat money systems.
In an eyebrow-raising tweet on Wednesday, Trump expressed...