Archive for June 2019
What Was The Bitcoin Price Action All About? Is Satoshi Nakamoto In Estonia?
This weekend sees over 200,000 people enjoying the sun at Glastonbury contemporary arts festival in the UK. But has Bitcoin been in the party spirit this week?… Or has something rained on our parade? Bitcoin Price Has Had A Wild Ride So Bitcoin price looks like ending the week with a gain of around $1,500.…
Read MoreTether Printers Keep Churning Out as USDT Supply Increases Again
All eyes have been on bitcoin recently as markets move into a consolidation phase following a flash crash last Thursday. What may have gone unnoticed is the issuance of more USDT as Tether market capitalization continues to crank higher. $100 Million USDT Added Since Friday Tether’s market capitalization has been slowly increasing. Since Friday a…
Read MoreBitcoin Price Consolidates Back Over $12000; Markets Bullish
The long-awaited Bitcoin price correction has failed to materialize yet again as the king of crypto has held on to gains over the weekend. Consolidation around $12000 appears to be forming and the uptrend is still clearly very strong. Bitcoin Price Back Above $12000 Over the past 24 hours BTC has been slowly grinding higher…
Read MoreBitcoin “Creator” Craig Wright Fails To Impress In Court
Self-proclaimed Bitcoin ‘inventor’, Craig Wright, was giving a testimony yesterday to explain why he can’t produce the public addresses of the bitcoin he has mined. Fortunately, law reporter, Carolina Bolado, was there to tweet progress as it happened. The Wright Side Of The Story Wright was in court as defendant in the case brought by…
Read MoreBloomberg Finally Accepts Bitcoin ‘Is Here to Stay’
Mainstream media has been far from complimentary about bitcoin and cryptocurrencies in recent years. The vitriol and FUD makes headlines but it is largely based on ignorance of the technology and its ethos. Industry giant Bloomberg may finally be warming to bitcoin however, but will others follow. Bloomberg Bigs Up Bitcoin Bitcoin appears to have…
Read MoreGrayscale Bitcoin Trust Surges 300%; BTC Institutional Interest at ATH
While Bitcoin price itself has begun the inevitable correction, dropping almost 17% since its recent high, investment funds for the asset are still hot potatoes. Grayscale Bitcoin Trust (GBTC) is a prime example as institutional interest has surged more than the asset itself. Despite Bitcoin Price Correction, GBTC Investors “Hungry” Bitcoin appears to be still…
Read MoreBitcoin Lightning Network Hits $11M Capacity; Updates
Bitcoin’s scaling solution, the Lightning Network, is currently sitting at a capacity of around $11M. More interestingly, though, there are major updates underway already. Eltoo Coming to Lightning Network A user going by the name of u/almkglor has taken to Reddit to discuss some of the upcoming updates on Bitcoin’s scaling solution, the Lightning Network.…
Read MoreBitcoin Price Volatility Is Nothing To Be Scared Of
Bitcoin price has suffered its first major pullback in 41 days. But while this seems like a daunting thought, there are some who actually believe that this is a good thing. Reasons Volatility Can Be Good For Bitcoin A Twitter thread from Bitcoiner and Stanford Law student, Conner Brown, makes the case for volatility. Volatility…
Read MoreBitmex Sees $500 Million Bitcoin Short Liquidation in 24hrs –
Bitcoin trading activity is breaking all-time records in terms of volume and open interest in Bitcoin futures. The latest trading activity has caused Bitcoin’s value to reach an 18-month high, forcing a huge amount of Bitmex short-sellers to abruptly liquidate their positions. Bitcoin Futures Hits Record Highs 4 Days Running CME saw a record volume…
Read MoreWanchain Beta Testnet Goes Live, What’s Next?
Wanchain – a blockchain project that aims to build the future of digital finance, has just launched its much anticipated Galaxy Proof of Stake Beta TestNet. Through the platform’s cross-chain communication protocol, the Wanchain beta launch takes yet another step towards solving the blockchain arena’s interoperability woes. In a nutshell, this centers on an inability…
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