Bitcoin

The Number of Cryptocurrency Wallets Is Growing Exponentially

September 26th, 2019

Wallets are a necessity for cryptocurrency users and their creation is a strong indication of how fast the popularity of decentralized digital money grows. The number of crypto wallets and their users has been increasing rapidly since the creation of Bitcoin. Spikes usually coincide with rising cryptocurrency prices during bullish periods, but it’s worth noting…

Monex Offers Crypto Rewards to Shareholders Furthering Japanese Adoption

September 26th, 2019

Owner of popular Japanese crypto exchange Coincheck, Monex Group, has now announced it will reward shareholders in the company with crypto. Shareholders are to receive a BTC dividend provided they have a Coincheck account. With Japan viewed as one of the top crypto adoption hotspots globally, and the country’s Financial Services Agency (FSA) proclaiming a…

Bitcoin: Buy the Dip or has the Bullish Market Ended? Analysts Weigh-in

September 26th, 2019

The selling pressure by Bitcoin [BTC] bears seems to have slowed down for a moment. The price is holding on above the 200-Day Moving average around $8340. However, analysts still predict violent moves in Bitcoin on either side. BTC/USD 1-Day chart on Bitstamp (TradingView) The bearish candlestick recorded on 24th September recorded a drop of…

Bitcoin Traders Eye 200-Day Moving Average for Support – Can it Bounce-Back?

September 25th, 2019

Bitcoin [BTC] broke down in a frenzy on Tuesday as it tested lows around $8000. The break-out from the descending triangle quickly escalated the fear among traders holding a long position. About $500 million in long positions on Bitcoin was liquidated on BitMEX yesterday. The price tested the break-out level at $9450 for a while…

Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000

September 25th, 2019

The Reserve Bank of India has imposed regulatory restrictions on a cooperative bank with 137 branches across India, including limiting customer withdrawals to a total of 1,000 rupees (approximately $14) per account for six months. Police personnel had to be deployed to control angry customers at some locations. RBI’s Restrictions The Reserve Bank of India…

Bakkt Bitcoin Futures is “an eight-lane superhighway”, Says Analyst on Day 1 Performance

September 24th, 2019

Bakkt began Bitcoin [BTC] futures trading on 23rd September 2019. The opening was rather dull, as it traded less than 7 Bitcoins in the first two hours. However, it began to pick up the pace by the EOD. 71 Bitcoin Contracts were traded on day one via Bakkt by the EOD. Moreover, one daily futures contract was…

Bakkt Regulated Bitcoin Futures Now Live on Major Exchange

September 23rd, 2019

Trading is now live for Bakkt’s regulated, physically-delivered daily and monthly bitcoin futures, with the first trade executed at 8:02 pm ET on Sunday. Customers’ bitcoins are stored in the Bakkt Warehouse, a qualified custodian, regulated by the New York State Department of Financial Services. Bakkt is powered by Intercontinental Exchange, owner of the New…

6 Noncustodial Crypto Payment Solutions for Merchants

September 22nd, 2019

You don’t have to be a bitcoin purist or tech tinkerer to want to accept cryptocurrency without using a third party. With lower merchant fees, greater network uptime, and no chargebacks, noncustodial crypto payments have several advantages over traditional fiat payment systems. Here are six noncustodial options for accepting crypto in-store and online. Accept Crypto…

How Merge Mining and Anchored Blockchain Projects Capitalize on Bitcoin’s Security Model

September 21st, 2019

Since 2011, just after Satoshi Nakamoto left the Bitcoin project for good, networks have emerged that leverage the BTC chain in some way. A variety of projects over the last nine years have found value in anchoring some sort of feature set to BTC in order to bolster the satellite’s underlying network. The following article…

Bitcoin History Part 17: That Time Mt. Gox Destroyed 2,609 BTC

September 21st, 2019

Technically speaking, it’s impossible to destroy bitcoins. But it is possible to send coins to an unspendable address, rendering them redundant to all intents and purposes. In October 2011, that’s exactly what Mark Karpeles did when he consigned 2,609 BTC to eternal oblivion due to a scripting error. How to Destroy One Week’s Profits in…