Bitcoin

Bitcoin Price Prediction: BTC Upward Momentum Stalls Under $10,600 But Bulls Eye $11,000

September 23rd, 2020

The flagship cryptocurrency suffered yet another blow, which forced it to revisit support at $10,100. The declines came after BTC was rejected from highs above $11,000 towards the end of last week. Lack of support at the 50-day Exponential Moving Average added fire to gasoline. Sellers were encouraged to increase their orders, putting pressure on…

Leaked Data Outs Bitcoin Investment Company as Scam: Founders Deny the Allegations

September 22nd, 2020

A South African group calling itself “Anonymous ZA” has published fresh information that seemingly supports long-standing allegations that Mirror Trading International (MTI), an ostensible bitcoin investment company, is running a multi-level marketing scam. The new information, which was reportedly obtained after a breach of MTI internal systems, shows that the investment company is “entirely structured…

Publicly Listed Energy Firm Equinor Exploits Gas Flaring in North Dakota to Mine Bitcoin

September 21st, 2020

Just recently, the firm Arcane Research recently revealed a number of screenshots from the publicly traded energy firm, Equinor. The pictures show the multinational company leveraging natural gas flaring to power bitcoin mining operations. In recent years, using the unorthodox gas flaring scheme to mine bitcoin has become more prominent worldwide. The Norwegian state-owned multinational…

Bitcoin Price Analysis: BTC Facing The Ultimate Make Or Break Level Of $11,000

September 21st, 2020

Bitcoin has spent the last three weeks trying to recover from the dip at the beginning of September. There was a break above $11,000 last week, but BTC hit a wall at $11,200, allowing bears to take back control. Since then, support has been established above $10,700. Unfortunately, resistance at $11,000 has stayed put. Meanwhile,…

Bitcoin Skeptic Turns Bitcoin Bull: Billion Dollar Company Buys 17K BTC in 74 Hours

September 20th, 2020

Nasdaq-listed company Microstrategy recently bought almost 17K bitcoins within 74 hours, costing about $175 million. The CEO of this billion-dollar company used to be a bitcoin skeptic but has recently become a bitcoin bull when his company purchased $425 million worth of bitcoin. Billion Dollar Public Company Dives Into Bitcoin Microstrategy recently made history in…

Bitcoin Unlimited Launches Two-Option Voting App Powered by Bitcoin Cash

September 18th, 2020

On September 16, the Bitcoin Unlimited development team launched a new application called Votepeer. The software is powered by the Bitcoin Cash network and allows anyone to set up a transparent two-option voting process. This week a couple of Bitcoin Unlimited (BU) developers released a new voting protocol called Votepeer. BU software engineers, Dagur and…

Defi Economy Rebounds: Total-Value Locked Jumps 28 percent Capturing Close to $9B

September 18th, 2020

The total-value locked (TVL) in decentralized finance (defi) economy has recaptured much of the value lost during the Sushiswap fiasco last week. At the time, the defi TVL tumbled down to $6.8 billion from the $9.6 billion high on September 8, suffering a loss of close to -29%. Since then, however, the rise northbound has…

‘You Are Not Anonymous on Tor’ – Study Shows Privacy Network Offers Superficial Anonymity

September 17th, 2020

Privacy advocates are growing leery of the Tor network these days, as recently published research has shown a great number of network’s exit relays are compromised. Furthermore, on September 15, the Hacker Factor Blog published a new Tor report that shows IP addresses being uncovered. The paper called “Tor 0-day” says that it is an…

Bitcoin Tokenized on Ethereum Approaches $1 Billion

September 16th, 2020

More investors are using their Bitcoin to invest in high yielding DeFi farming incentives as the amount of tokenized BTC has surged to record levels. Tokenized, or wrapped, Bitcoin has gained so much popularity this year that there is almost a billion dollars’ worth of it circulating now. The parabolic surge over the past couple…

Market Valuation of 14 Banking Giants Shed $635 Billion This Year

September 16th, 2020

The world’s largest banks lost a considerable amount of market valuation amid the Covid-19 pandemic, according to a new report that estimates financial incumbents lost $635 billion. Between December 2019 and August 2020, the market caps of 14 major banking institutions lost upwards of 30-50% during the time period. A newly published report written by…