Bitcoin

Bitcoin Price Touches $10K Amid 2020’s Macroeconomic Storm and Covid-19 Fears

May 8th, 2020

On May 7, 2020, the price of a single bitcoin crossed $10,000 per unit in USD value as the network only has four days until the halving, otherwise known as the “quantitative hardening” by some investors. The cryptocurrency’s per annum inflation rate will drop from 3.6% to 1.8% on or around May 12, 2020, as…

Bitcoin Builds on Safe Haven Traits with Stock Market Decoupling

May 7th, 2020

Bitcoin’s correlation with the stock markets has been a worrying signal for the investors as economists call out an extended U-shaped recovery in stocks. Nevertheless, the trend seems to have broken away lately as the stock market gains seem to have capped below $3,000, while Bitcoin has continued to trade above $9000. The price of…

75 Companies Back Facebook Libra’s Competitor Celo

May 7th, 2020

Celo, a competing project to Facebook’s Libra cryptocurrency, has added 50% more, new members, to its alliance, bringing the total number of supporting organizations to 75. Some Celo members are also supporters of the Libra project, such as Coinbase Ventures, Anchorage, and Andreessen Horowitz. Celo Project Adds Over 20 Members The Celo Foundation announced Tuesday…

3 Reports Look at North Korea’s Lazarus Group, Iran’s Farhad Exchange, and the Crypto Ponzi Futurenet

May 6th, 2020

On May 4, 2020, the blockchain surveillance firm Chainalysis published a three-part series covering a crypto Ponzi scheme, North Korea, and Iran’s use of digital currencies like bitcoin. The company’s research papers discuss the Poland-based crypto Ponzi called Futurenet, a hosting service allegedly tied to North Korea, and how Iran-based exchanges are bypassing OFAC sanctions…

Bitcoin Price Analysis: BTC/USD Pivotal At $9,000, Is A Pre-halving Rally To $9,500 In The Cards?

May 6th, 2020

Bitcoin halving to take place in five days; a pre-halving rally is still on the table. Bitcoin price could remain pivotal at $9,000 a while longer as observed from the horizontally moving RSI. Bitcoin block reward halving is expected in approximately five days. Last week, the price short up to $9,466. The massive gains were…

Bitcoin ATM Locations Surge to Over 7700 Worldwide Amid Global Crisis

May 6th, 2020

The number of bitcoin ATM locations has been growing rapidly amid nationwide lockdowns and the coronavirus crisis. With hundreds of new machines added each month, there are now more than 7,700 bitcoin ATMs spread all over the world. A new bitcoin ATM operator also installed its first bitcoin machines in April. Hundreds of Bitcoin ATM…

Bitcoin to Peak at $115,000 by August Next Year, Says Pantera Capital CEO

May 5th, 2020

Pantera Capital chief executive officer Dan Morehead has predicted a 50% chance the price of bitcoin (BTC) will hit $115,000 by August next year. In a recent letter to investors, Morehead said: “If the new supply of bitcoin is cut in half (with the May 12 halving), all else being equal, the price should rise.”…

Bitcoin Price Analysis: BTC/USD Pullback From The $9,000s Eyes $8,000 Before Another Breakout

May 4th, 2020

Bitcoin price continues to oust stability as $9,000 becomes impenetrable. As bulls lose traction, Bitcoin could test $8,000 key support before a significant recovery occurs. After entering into the $9,000 range last week, Bitcoin renewed the investors’ interest and especially with the block reward halving around the corner, the desire to join the market continues…

Onecoin Lawsuit Continues: Judge Lifts Stay Order, Investigators Search for ‘Crypto Queen’

May 4th, 2020

In mid-April, news.Bitcoin.com reported on the unsealed indictment tied to the Onecoin cofounder Sebastian Greenwood. At the same time, U.S. Judge Valerie Caproni had placed a stay order on the case against Greenwood, Konstantin Ignatov, Mark Scott, and David Pike. Now Judge Caproni has lifted the stay and the court case against the defendants can…

9 Countries Show Huge Growth in Cryptocurrency Interest: Coinmarketcap

May 3rd, 2020

Coinmarketcap has revealed the top countries with the largest increase in the number of users. One segment shows the countries with the most user growth in the first quarter include India, Pakistan, Colombia, Canada, and Nigeria. The countries with the most female user growth include Greece and Romania. 46% Increase in Youth Users, Nigeria Up…