Category: News

100 Merchants Can Now Trial Bitcoin’s Lightning Network Risk Free

A few lucky merchants now have one less obstacle to accepting bitcoin payments via the Lightning Network. Revealed exclusively to CoinDesk, payment processing startup CoinGate is opening up a pilot program that will allow 100 merchants to trial a Lightning-enabled version of its service, one which taps into the open-source tech meant to make bitcoin transactions fast and cheap. As with CoinGate’s standard service, the company will handle the finer details of crypto-to-fiat exchange, however, the new pilot has the benefit of covering the costs should funds be lost due…

Bitcoin Bull Bias Fades as Price Drops Below $6.5K

Bitcoin (BTC) is on the defensive today and could suffer deeper losses in the next few days should the bulls fail to defend the key moving average (MA) support, the technical charts indicate. The leading cryptocurrency looked vulnerable to a pullback 24 hours ago, courtesy of the signs of bullish exhaustion near key resistance of $6,800. Hence, the drop to $6436 seen today is not surprising, but has certainly boosted the odds of a close (as per UTC) below the all-important 10-day moving average (MA). It is worth noting that…

Crypto Daily News | Vitalik Buterin on Centralized Exchanges; HBUS Open

In today’s edition of Crypto Daily News, we cover why Vitalik Buterin slammed centralized cryptocurrency exchanges, the Philippines making moves in cryptocurrency, and HBUS’s opening in the United States. Crypto Daily News: Vitalik Buterin Hates Centralized Exchanges On July 6th, Vitalik Buterin spoke in a ‘fireside‘ chat with Jon Evans at the TechCrunch Session focused on the blockchain. Most of the session was about Buterin’s hate for centralized cryptocurrency exchanges. “I definitely hope centralized exchanges go burn in hell as much as possible,” Buterin told Evans heatedly. His ideal situation would…

Crypto Second Half of 2018

Crypto Second Half of 2018: Investors were not pleased with the first half of 2018. While some focused on the S&P 500 (it’s up 1% YTD, instead of the usual 3.5%), others focused on cryptocurrencies. In particular, investors watched Bitcoin, which notched up a 16- fold increase in 2017, only to drop by 55% between the start of 2018 and June 27th.  Now, as of July 1, we are in the second half of 2018. Which means if things are going to change, now is the time to get going. But…

Venezuela Petro Cryptocurrency | Providing Homes for the Homeless

Venezuela Petro cryptocurrency: Lldemaro Villarroel, the Venezuelan Minister of Habitat and Housing, just announced that the Venezuelan government is planning on using the national cryptocurrency Petro to house the homeless, Criptotendencia reported yesterday. The project will be called ‘Great Mission for Venezuela Housing‘ (GMVV) and the Venezuelan government will be fully funding it. GMVV aims to provide quality housing to the homeless. Great Mission for Venezuela Housing According to the GMVV website, the government has built more than 2 million houses to date. Villaroel states that 33 companies have teamed…

Many Coins hit Zero | Less than 4% of Crypto Coins are Successful

Today has not been the best day for cryptocurrencies everywhere. With Bitcoin declining below the critical $6K level, it marks the furthest drop in the coin since November. Declining as much as 4.2 percent on Friday, it is currently trading around the $5,900 mark; this is whopping 59 percent decline from its highs at the beginning of this year. Coins Hit Zero As with many things, where leaders go the rest will follow and the cryptocurrency market seems to be reflective of that adage. For example, today also saw Ethereum and Bitcoin Cash fall…