Day: March 29, 2019

This Bitcoin Price Rally is Masking a Serious Problem

TradingBTC

By CCN.com: This week is looking to end on a positive note for bitcoin, as the cryptocurrency clawed its way above $4,100, adding $1 billion to its market cap in the process. Bitcoin Price Cracks $4,100 as Bullish Sentiment Grows The bitcoin-to-dollar rate established an intraday high at $4,103, up 2.24-percent since Friday’s opening price. The session peak also marked bitcoin’s highest mark since February, leading many to believe that the cryptocurrency was finally breaking out of its prolonged bearish bias. The shift in sentiment has been building since bitcoin’s…

Bitmain Announces Antminer s17 Date: Can It Turn the Company’s Fortunes Around?

TradingBTC

Cryptomining manufacturer Bitmain has revealed the release date for its next-generation Antminer S17 series. The S17 set of miners includes the Antminer S17 Pro, Antminer S17 and the Antminer T17. The Antminer S17 is the latest in the company’s line of fabless mining chips. According to the post, the chips, which are expected to go on sale from April 9, 2019, will provide an energy-efficient means of mining popular cryptocurrencies such as bitcoin and bitcoin cash. The miners will be fitted with the 2nd generation 7nm ASIC BM1397 mining chips…

Crypto Prices May Be Down, But Industry Fundamentals Are Healthier Than Ever

TradingBTC

The cryptocurrency market has been through the wringer over the past 15 months. The prices of most altcoins have plummeted by 90% or more from their all-time highs, and the king of crypto itself, Bitcoin, has declined as much as 85% as well. But despite prices being far lower than they once were, the health of the industry itself is only getting stronger fundamentally, according to one cryptocurrency analysis firm. Boston-Based Data Firm Reveals Crypto Industry Is Healthier Than Ever While sentiment around the cryptocurrency market is still extremely bearish…

Bitcoin Price Escaped Bear Market 3 Months Ago: Analyst

TradingBTC

By CCN.com: After a long and bitter winter, the crypto thaw has arrived and bears have lost their grip on the market. One economist says the bears were sent packing into hibernation as many as three months ago from a technical standpoint, though you wouldn’t know it from March’s narrow bitcoin trading range. Alex Kruger: Bitcoin Has Vanquished Bear Market – That’s a Fact Believe it or not, with the bitcoin price hovering near $4,100, the bulls have finally wrestled back control. Investors failed to commemorate the occasion with a…

Bitcoin Cash (BCH) Mirrors, Bulls Likely to Reverse Nov-2018 Losses

TradingBTC

Bitcoin Cash up 10.6 percent in last week Opaque bank operations aid in money laundering Transaction volumes low averaging 30k according to CoinBase data For her bank involvement in a $151 billion money laundering scandal, Birgitte Bonnesen is no longer the CEO of Swedbank. With diminishing trust, advantages of cryptocurrencies as Bitcoin Cash (BCH) coupled with its security will permeate aiding in thrusting digital assets to the mainstream. Bitcoin Cash Price Analysis Fundamentals Regulators, more so in the US and Europe are quick to impose heavy penalties on rules-flouting banks.…

Zebpay Integrates Bitcoin Lightning Payments on Its Mobile App

TradingBTC

Malta-based cryptocurrency exchange Zebpay now supports Lightning payments. The exchange announced the news via a blog post, where it claims to be the “first major exchange” to enable Lightning payments for its users. Per the report, Zebpay users can now login into their wallet and use their bitcoin balances to make micro-purchases for free. “Making Bitcoin technology widely accessible is a key component of our roadmap. Today, with the integration of the Lightning Network, we have taken yet another step in this direction,” Zebpay’s CEO Ajeet Khurana explained in the…

What Is DeFi and Where Does It Leave Bitcoin?

TradingBTC

The Bitcoin bull and bear market cycles are a pattern that produces significant developments — when the market is cold, people tend to focus on building the next wave of groundbreaking technology. One of the most interesting things emerging from this particular bear market has been a concept known as “decentralized finance,” manifested primarily by services that allow you to earn interest or borrow against your cryptocurrency holdings. What Is DeFi? Decentralized finance, or “DeFi” for short, is an umbrella concept describing any financial services that are built on top…

Op Ed: Answering 10 Common Questions About Cryptocurrency and Taxes

TradingBTC

Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, specifically, but similar issues arise around the world. As always, check with a local tax professional to assess your own particular tax situation. Are My Cryptocurrency Trades Taxable? Yes. Cryptocurrency is treated as property by the IRS in the United States. This means that it is subject to capital gains and losses rules similar to other forms of property like stocks, bonds, real estate and…

Bitcoin ‘Maturing’ Rapidly, so Why Can’t Crypto Slay Bear Market?

TradingBTC

By CCN.com: Erik Voorhees, the founder and CEO of ShapeShift, a leading crypto conversion platform, has said crypto is maturing and that despite the price trend of bitcoin and other major crypto assets, the industry has seen growth in key areas in recent months. Crypto is maturing. It is now firmly in its adolescence. — Erik Voorhees (@ErikVoorhees) March 29, 2019 In the past 15 months, the valuation of the crypto market has plunged from $813 billion to $143 billion, by 82 percent, and exchanges have seen an overall decline…

Bitcoin Payments Surge to New Record: Here’s the Real Trigger

TradingBTC

By CCN.com: The average transactions per Bitcoin block have gone to its all-time high in the past few days, and many people are attributing the rise in operations to a company called Veriblock. Veriblock is said to be creating as many as 20% of the total transactions on the Bitcoin blockchain at this time. The average number of transactions per block is at ATH. Source: https://t.co/XAQailPunX #bitcoin pic.twitter.com/B86lkuh5Iv — Gwented (@Gwented2) March 29, 2019 Veriblock: Proof of Spam? According to Blockchain.info, the current transaction rate is at its all-time high.…

  1. Pages:
  2. 1
  3. 2