Bitcoin

European Bitcoin Exchange Hacked for $1.4 Million, Claims It Cannot Afford to Repay Users

August 4th, 2020

2gether, a Spanish cryptocurrency trading platform, has been hacked for about $1.4 million and company executives claim that they do not have the money to repay customers. Chief executive officer Ramon Ferraz Estrada said over the course of several tweets on Monday that the breach of July 31 affected crypto investment accounts and exposed user…

Publicly Traded Firms Launch New Mining Rigs, Less Hashrate Than Competitors

August 3rd, 2020

Two of the top mining manufacturers from China that recently had initial public offerings (IPO) released two new mining rigs. Canaan Inc. and Ebang Communications both have shares listed on the Nasdaq stock exchange, and the two firms just launched two ASIC mining devices with hash rates up to 63 terahash per second (TH/s). The…

Triple-Entry Bookkeeping: How Satoshi Nakamoto Solved the Byzantine Generals’ Problem

August 2nd, 2020

In 2008, Satoshi Nakamoto essentially solved the infamous computational issue called the “Byzantine generals’ problem” or the “Byzantine Fault.” Throughout the history of man, people used ledgers to record economic transactions and property ownership. A ledger is often referred to as the “principal book,” and entries can be recorded in stone, parchment, wood, metal, and…

Fidelity Digital Assets Quotes Bitcoin Creator Satoshi Nakamoto in Latest Investment Thesis

July 31st, 2020

Fidelity Digital Assets (FDA) quotes Satoshi Nakamoto in its latest investment thesis report. The thesis is part of a series of reports examining the perspectives driving interest and investment in bitcoin. FDA is affiliated with Fidelity through parent company Fidelity Management & Research (FMR). One of the largest financial services corporations in the world, Fidelity…

Bitcoin Price Prediction: Is BTC/USD Support At $11,000 The Springboard To $14,000?

July 30th, 2020

Bitcoin recovered the ground lost when it slipped under $11,000 on Tuesday. For a period of time, the largest cryptocurrency was stuck between the support at $10,800 and the resistance at $11,000. The level at $10,900 also became instrumental in the recovery witnessed on Thursday. BTC/USD reclaimed the position above $11,000 at some point stepping…

Bitcoin Price Analysis: BTC/USD Reversal To $10,400 Impends Following Unsustainable Sharp Ascending Channel

July 29th, 2020

Bitcoin price is holding marginally under $11,000 following a rejection from the new year high around $11,434 (on Coinbase). The recovery from last week was sharp and fulfilling as observed on the 4-hour chart. Already, sustaining gains above $11,000 has become difficult. For this reason, BTC is teetering at $10,888 amid an existing strongly bearish…

Hackers Transfer $28 Million Worth of Bitcoin from 2016 Bitfinex Breach

July 28th, 2020

Around 2,500 stolen bitcoins ($28 million) from the 2016 Bitfinex breach were transferred from the hacker’s wallet on Monday. The last time the Bitfinex hackers moved funds from the hack four years ago, they moved around $5 million worth of coins on June 24. This time around, the top crypto asset by market capitalization touched…

Bitcoin Price Analysis: BTC/USD Journey To $20,000 Begins As Cup And Handle Pattern Forms

July 28th, 2020

Bitcoin price rally has officially commenced following eight weeks of tight range trading. The bulls are still building on weekend gains that saw Bitcoin breach the $10,300 mark for the first time in three months. BTC/USD extended the action above $11,000 as predicted by Coingape. At the time of writing, Bitcoin is teetering at $11,199….

Bitcoin Fees Skyrocket 590 percent Since Mid-June – Supporters Think Mempool Size Is ‘Bullish’

July 28th, 2020

Bitcoin fees have grown much larger in recent days spiking to a two-month high to $3.80 per network transaction. The crypto asset’s fees have jumped 590% since June 14 and the mempool (transaction backlog) has grown significantly. Digital currency markets have been extremely bullish lately as bitcoin (BTC) touched a high of $10,974 on Bitfinex…

Bitcoin Price Analysis: BTC/USD Towering Above $10,000 and The Grand Journey To $11,000

July 27th, 2020

Bitcoin price is ending the month of July in great style after pushing above the critical $10,000 level during the just-concluded weekend session. Following the return of volatility to the crypto market, bulls have been keen not to fall back into the slumber and hibernation experienced for more than six weeks. Some of the critical…