Bitcoin (BTC)

The development of Bitcoin is only just underway, but the financial environment is already evolving. In this respect and consideration, it is vital to recognize how the financial system and demand will shape in the next few years. Here are some obvious implications of cryptocurrency on the international economy. Global Expenditure Shifts are becoming very common. Now, several investors and shareholders include digital currencies, specifically Bitcoin to their...

Tether, the company issuing the most widely-used stablecoin, USDT, has revealed that it got a ransom demand for 500 BTC. The sender has threatened the company to leak documents to the public that would “harm the bitcoin ecosystem.”Tether Gets a 500 BTC Ransom DemandTether, the issuer of the popular USDT stablecoin, took it to Twitter to reveal that someone had threatened to leak documents to the public in an attempt to “harm the bitcoin ecosystem.”The company explained that “forged documents...

Stellar lumen price started a sharp decline from well above $0.5000 against the US Dollar. XLM price is now consolidating well below $0.4500 and the 55 simple moving average (4-hours). There is a major triangle forming with resistance near $0.4490 on the 4-hours chart (data feed via Kraken). The pair could start a strong increase if there is a clear break above the $0.4500 resistance zone. Stellar lumen price is correcting losing from $0.3400 against the US Dollar,...

What started out as a normal trading day for some PDAX customers led to a favorable turn of fortune, or so it seemed. Their euphoria may have been short-lived by a harsh reality check as the Philippine-based exchange prepares to take legal actions.Philippine Digital Asset Exchange (PDAX) suffered a flaw that led to bitcoin trading 88% below its actual price. The exchange reported that a surge in trading activity was the cause. At the time, bitcoin was trading north of $50k, but traders were...

At the time of writing, bitcoin – the world’s number one digital currency by market cap – isn’t doing so hot. The currency has fallen to about $46,000 per unit at press time, meaning it is now about $10,000 lower than where it stood during the early portion of last week. Things are not looking good for the asset, but how much of this is just part of a healthy correction? Bitcoin Has Taken an Ugly Dip As it turns out, things may be a little more extreme than normal. While...

Bitcoin has taken a turn for the worse, but while the move may not look great on paper, it turns out things are going quite well for some of the institutional traders that have yet to step into the cryptocurrency arena. Many institutions are using the recent bitcoin price dip as an opportunity to buy at a lesser price and get their fingers on an asset that many companies have been going crazy over for the past six months. Bitcoin Has Taken an Ugly Stumble Things really...

Coinbase is known for storing cryptocurrency and allowing its many customers to trade digital assets. However, what we didn’t know was that the company also did its own investing in crypto as well. We’re Learning a Lot About Coinbase As it turns out, the company has become of the first major cryptocurrency exchanges to file for a public listing. In doing so, a lot of information has come out about the firm that many traders were unaware of prior, a big one being that...

Bitcoin seems to be going from bad to worse, with another 7% price drop today.BTC decreased by a total of $3,300 today as it dropped below $47,750 and also beneath the important support at $44k.The cryptocurrency continued to spike downward, reaching as low as $43,000 before a slight rebound, as of now.Looking at the short-term 4-hour charts, Bitcoin dropped off the support at the 200 EMA today as it broke beneath $44,750.However, there might be some hope for the bulls. BTC might be forming a...

Nouvel ajout à la liste des établissements français qui acceptent les paiements en bitcoins : Jean-luc MASINI, artisan d’Art dans le centre de la France à Vierzon aux portes de la Sologne, crée des luminaires colorés (lampes, lampadaires, lustres) et propose une réduction de 20% pour les paiements en bitcoin. « Je réalise des luminaires sur mesure donc je peux aussi étudier toutes les demandes...

Rebecca Patterson, the director of investment research at Bridgewater Associates, said bitcoin could be better compared to gold than a currency due to the similarities between both assets, thus, supporting the digital gold argument.Bitcoin As Digital GoldIn a recent interview with Bloomberg, Patterson said she wouldn’t call bitcoin an alternative currency, I think if anything, it’s an alternative to gold or digital gold. I think that would be the better comparison.”Despite calling BTC an...