Despite dropping by about $1,000, Bitcoin is still way ahead of even some of the most optimistic price projections and detailed price forecast models. Here is a look at how Friday’s ‘flash crash’ hasn’t derailed Bitcoin in the long term. Current Bitcoin Price Still Leads $1 Million S2F Model Tweeting Continue Reading
Crypto-exchange Bitfinex continues to move on from last month’s Tether cover-up accusations, announcing the distribution of its new utility token. Parent iFinex, who raised $1 billion through the private offering, will list the token on the exchange from Monday. Bitfinex: Another Cryptocurrency Exchange Utility Token Well if everyone else is Continue Reading
Ripple has been a company known for projecting an image of seriousness and transparency (despite not having the support of the most purists within the crypto be seen). Its business strategy has allowed it not only to position itself as one of the most popular blockchain companies in the financial Continue Reading
Despite incurring a massive amount of buying pressure over the past several weeks that helped push the price of Bitcoin to fresh year-to-date highs around $8,400, this newfound upwards momentum stalled earlier this week when BTC swiftly dropped below $7,000, from which point it has been able to tepidly advance. Continue Reading
Venezuela and Russia are in talks to switch over to the ruble for trade after trying the ‘El Petro’ cryptocurrency, a UN ambassador has revealed. Venezuela and Russia ‘Currently Trying’ El Petro As Bitcoinist reported last December, Russian officials were introduced to El Petro but stopped short of confirming that Continue Reading
Bitcoin price took a surprising tumble after some inexplicable kerfluffle at BitMEX and traders are now wondering if the current rally has been compromised. Strong Correction Breaks Bitcoin’s Parabolic Advance Yesterday’s massive liquidation at BitMEX has the entire crypto-world up in arms and concerns about broken parabolas, fat fingers, wonky Continue Reading
Emin Gun Sirer, one of the world’s leading academic experts on blockchain, is launching his own cryptocurrency. Sirer is the co-director of the Initiative for Cryptocurrencies and Smart Contracts at Cornell University. In addition, Sirer founded Ava Labs Inc., a blockchain group that is currently developing the Ava network and Continue Reading
Ripple, the blockchain-based startup and parent company to third largest cryptocurrency XRP, may have a discrepancy in its escrow reporting system. According to a report published on May 16 by Coin Metrics, a blockchain analysis company, there were multiple points of discrepancy in Ripple’s reporting for their XRP escrow service. Continue Reading
Google search interest in Bitcoin has spiked to a fresh six month high as BTC has posted 100 percent gains during the same period. In fact, people are now searching for ‘Bitcoin’ more than ‘Donald Trump.’ As Price Rises, People Google Bitcoin It’s no secret that public interest in ‘Bitcoin’ Continue Reading
Stablecoins are getting more popular. So popular that they could bring about the mass adoption of Bitcoin as giant non-financial companies, such as Facebook and Samsung, get ready to participate in the crypto market. Facebook and Samsung Are Joining the Stablecoin Craze A new Binance Research report on the evolution Continue Reading
Amazon Files Proof Of Work Patent A patent that has begun to circulate, published Tuesday, reveals that Amazon may be looking into crypto-related systems, like Proof of Work and Merkle Trees. The document, filed under the jurisdiction describes a system that has a “first party” complete computational work to gain Continue Reading
Just days after Coinbase CEO Brian Armstrong revealed his company managing more than $1 billion in cryptocurrency assets through their custodial service, reports are surfacing that the exchange is negotiating an acquisition of Xapo. According to sources familiar with the deal, the Block reported on May 16 that Coinbase is Continue Reading
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