Crypto news

Yesterday was Bitcoin Pizza Day. Traders and crypto enthusiasts around the world celebrated by snacking and munching on pizza not necessarily because it’s so good, but because it’s part of a now ten-year tradition that many industry players like to celebrate.Bitcoin Pizza Day Has ArrivedMay 22, 2010 was a monumental day in most crypto enthusiasts’ eyes given that it was the first time an official purchase was made with bitcoin. The currency, like all digital assets, was initially created to...

Upon printing billions of fresh USDT in the past few months, the most widely adopted stablecoin has become the third-largest cryptocurrency by market cap. Tether has now surpassed Ripple (XRP) with its nearly $9 billion market capitalization.In the meantime, Ripple, which was among the top three cryptocurrencies for the past years, had seen its market cap continuously dropping. Earlier this month, Ripple recorded its lowest 2-year price against Bitcoin.Tether Surpassing Ripple By Market Cap....

Apparently, not all mining companies are in good shape. Canaan Creative – the largest mining facility in China after Bitmain – has announced that sales seriously dropped during quarter one of 2020, and that the company has lost nearly $6 million despite significantly lowering prices on all its mining equipment.Canaan Creative Takes a Nasty HitIn all, Canaan has lowered the prices of all its mining machines by half in the past few months, but this hasn’t been enough to keep revenue streams...

Out of the blue yesterday, bitcoin suddenly got it into its head that it needed to take a sharp nosedive.Bitcoin Takes a Trip Down SouthEveryone is talking about the flash crash that bitcoin has endured. Without warning, the currency fell as low as $8,700, slicing off several hundred dollars from its price in just a matter of hours. At the time of writing, the currency has settled back in the $9,100 range.It’s good to know that the currency is comfortably positioned above $9,000, which has...

The rollout of Ethereum 2.0 is set to arrive in installments, with the first milestone expected some time around Q3 of 2020. From that moment on, things promise to get interesting.At one point, we will see two Ethereum blockchains existing at the same time. Initially, the ETH 2.0 token will be practically useless for anything beyond staking, with zero transaction capabilities – exchanges won’t even list it, and it’s unlikely that it will even have a price.On top of that, the current Ethereum...

A lawyer has laid out his case for why Tron’s Justin Sun is guilty of theft and criminal conspiracy following the controversial actions of Steem Hardfork 0.23.Lawyer: Steem Hardfork Was TheftAustralian lawyer Andrew Hamilton offered his pro bono legal opinion of the situation regarding the Steem hard fork. Hamilton, the current CEO of JPB Liberty, claims Justin Sun’s actions during the hard fork make him guilty of both theft and criminal conspiracy.The hard fork was implemented to seize over...

While most community members are focused on exploring the correlations between Bitcoin and traditional financial assets, Google Trends indicated rather compelling inverse correlations involving the primary cryptocurrency and some popular culinary dishes.Firstly, a digital asset proponent brought up BTC’s comparison with the traditional Japanese dish – Ramen. Literally translated as “pulled noodles,” it consists of Chinese wheat noodles served in a fish or meat-based broth, typically flavored...

Hey Crypto Fans, welcome to Bitcoin-Informant Show No. 888. Today i speak with Naomi Brockwell about crypto, bitcoin, decentralized content platforms like LBRY, privacy and other related topics. More about Naomi Brockwell here: https://cointr.ee/naomibrockwell Find all my links here: https://cointr.ee/bitcoininformant Telegram Kanal: https://t.me/bitcoininformantLBRY.tv: https://lbry.tv/$/invite/@bitcoininformant:eSteemit: https://steemit.com/@denniskorayHIVE:...

Following our Thursday price analysis, Bitcoin had lost almost $1000 in one and a half days. This came straight after 3-4 failed attempts to break the $10,000 mark over the past two weeks.When you’re not breaking, and the attempts are losing strength, you will dump hard. This was the bad news; however, the good news is that a long-term ascending trendline saved Bitcoin, as of now.The ascending trendline, marked blue on the following daily chart, was started forming on March 12, 2020, when...

Bitcoin’s newfound popularity is taking it to new heights. Square – a mobile payments company developed by Jack Dorsey of Twitter fame – has released a new cash app that allows users to instantly purchase bitcoin units.Square Puts Financial Power in Your HandsBitcoin has surged during recent weeks as people have sought new methods of hedging their wealth against inflation and other potential financial issues. There is great fear that the U.S. dollar and fiat in general is weakening following...