Tag: bitcoin

Is This The Real Reason Bitcoin Suddenly Collapsed?

Is This The Real Reason Bitcoin Suddenly Collapsed?

Bitcoin crashed this week, collapsing by almost 15% over the last seven-days and dragging down the wider cryptocurrency market. The bitcoin price, which has had an incredible start to the year, had been hovering around $10,000 per bitcoin before moving sharply lower—diving just as global markets went into free fall due to the spreading coronavirus.…
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Cryptocurrencies prepare next move after torrid weekend

Cryptocurrencies prepare next move after torrid weekend

Cryptocurrencies across the board were still licking their wounds this evening after a brutal weekend that battered any clear signs of a storming bull market into submission. Bitcoin – despite soaring on Friday – dramatically tumbled by $500 after the hard work of a steady build-up across the psychological $10,000 line was undone in a…
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Reddit No Longer Cares About The Price Of Bitcoin And That’s Bad

Reddit No Longer Cares About The Price Of Bitcoin And That’s Bad

Back in 2014, at a bitcoin and cryptocurrency conference I attended in Dublin, Reddit’s r/bitcoin forum was mentioned many times on stage and even more by the audience. This was three years before bitcoin was thrust into the global limelight by its epic 2017 bull run that saw the bitcoin price soar from under $1,000…
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Binance CEO Makes ‘Modest’ $2 Trillion Bitcoin Forecast

There’s Something Very Strange Going On With Bitcoin Exchange LocalBitcoins

Bitcoin exchange LocalBitcoins, often used as a gauge of bitcoin interest and prices around the world, has suddenly begun suspending long-time users’ accounts without warning. Reports began coming in this week that LocalBitcoins users across Africa, the Middle East, and Asia have had their accounts “deactivated.” Messages seen by this reporter were sent to account…
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Open Source Bitcoin Project BTCPay Server Receives $150k Grant From Kraken

Bitcoin Is The New Gold: Study

Bitcoin, similar to gold, is a good hedge against global uncertainties like trade wars. That’s according to a lengthy working paper out from the Department of Economics of the University of Pretoria, “Is Bitcoin the New Digital Gold? Evidence From Extreme Price Movements In Financial Markets.” The paper tests a popular claim in the media…
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China’s Planned Bitcoin-Killer Sparks Major Concerns

China’s Planned Bitcoin Killer Sparks Major Concerns

Bitcoin and cryptocurrency have this year successfully provoked central bankers and governments to take digital currencies seriously—though many remain skeptical. The bitcoin price, which has failed to return to its all-time highs set in late 2017 despite a late December rally, was given a substantial boost in the first half of this year by social…
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Former Bitcoin Skeptic Sees The Price Hitting $100,000 By 2021 Before Soaring Even Higher—Here’s Why

Former Bitcoin Skeptic Sees The Price Hitting $100,000 By 2021 Before Soaring Even Higher—Here’s Why

Bitcoin and cryptocurrency has had a mixed year—fears over a regulatory crackdown have risen, though the bitcoin price has doubled over the last 12 months. The bitcoin price, which started the year at around $3,500 per bitcoin, soared to well over $10,000 this summer before crashing back to trade around $7,000 amid fears Facebook’s planned…
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3 Major Crypto Mining Challenges and How to Conquer Them

3 Major Crypto Mining Challenges and How to Conquer Them

Everything from high costs to security vulnerability can be mitigated. Crypto mining is the process of releasing cryptocurrencies into a network by completing a given set of mathematical computations. And just like any other mining industry — gold, data, etc.– it comes with a unique set of challenges. For the uninitiated, cryptocurrencies are underpinned by…
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This Cryptocurrency Could Be The Next Social Networking King

This Cryptocurrency Could Be The Next Social Networking King

Cash may be king, but digital money fans aim to overthrow it. Stablecoin, a type of cryptocurrency linked to real assets, is gaining powerful backers in technology and finance who hope to seize a crucial role in global trade and the economic world order. Unlike Bitcoin, Ethereum and many other digital currencies, stablecoins have backing…
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MYSTERIOUS BITCOIN PLAYER MANIPULATED CRYPTOCURRENCY TO HISTORIC $326 BILLION MARKET VALUE, STUDY CLAIMS

MYSTERIOUS BITCOIN PLAYER MANIPULATED CRYPTOCURRENCY TO HISTORIC $326 BILLION MARKET VALUE, STUDY CLAIMS

A single mysterious player on the cryptocurrency exchange Bitfinex appears to have massively manipulated the price of Bitcoin in 2017, a new academic paper claims. The peer-reviewed study is an updated version of a 2018 paper investigating if a stablecoin called Tether influenced the values of the cryptocurrency Bitcoin during its unprecedented boom back in…
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