Crypto news

Infamous “Gym Friend” meme contains lessons for the bitcoin community in 2020. Campaign of frantic censorship and deflection highlights a lack of reasoned leadership at Blockstream. The cryptocurrency space needs more masculinity. The biggest lesson the bitcoin community can carry over from 2019 wasn’t learned on the blockchain, but in the gym.In early December when a meme-maker released the image below onto Twitter, everyone laughed for a minute then moved on.On the left, Samson Mow, CSO...

Most people enter the cryptocurrency market with the sole purpose of making profits by investing, trading, or hodling. This is quite understandable, and for them, prices are the most crucial factor. Furthermore, they can get into real in-depth details to notice some positive or negative changes in the last day, week, month, or even a year.One of the interesting things to consider is whether there is a correlation between the number of active addresses and the prices of different...

 AMF ( ‘Autorité des marchés financiers) is the authority for financial markets there granted ICO approval earlier this week. It gave the approval as conditional based on certain factors. The authority gave its approval based on certain conditions. These conditions tally with standard best practices the world over. It also demonstrates the need for simplistic rules for the activities within the cryptospace. The new rules are to ensure the security of the digital assets to be issued, effective...

Over the past days, the first ones of 2020, we received a reminder of the typical behavior of the Bitcoin price.As we pointed out about the trading volume, which was declining through the past week, we did get a considerable price action day (yesterday), recording the highest amount of volume of the past ten days.After breaking down the $7070 support mark, we saw a rapid drop to $6850. As stated before, the area of the next support level. This was maybe enough for Bitcoin, and together with...

As we’ve mentioned in the past, bitcoin does not – and cannot – appeal to everyone, and now we can add another angry doubter to the growing list of skeptics.Bitcoin Doesn’t Please EveryoneThe latest person to say “no” to bitcoin is Tendayi Kapfidze, a chief economist at Lending Tree. He recently referred to bitcoin in negative terms, calling it a “pyramid scheme” that invokes questionable means of making money for its investors.He stated:It’s a pyramid scheme. You only make money based on...

The bitcoin price surged $538 (+7.8%) on Coinbase overnight and into the morning, pulling back at noon Friday morning. Commentators were quick to link the sudden spike to the U.S. airstrike that killed Iranian General Qasem Soleimani. Are we beginning to see the bitcoin price factor in geopolitical risk? Not likely in this case anyway. Here’s why. The bitcoin price made a swift advance from a 16-day low at $6,853 around 9 pm Eastern Time Thursday night. It reached $7,391 on Coinbase just...

We’re just a few days into the new year, and bitcoin is continuing to show signs of depreciation.Bitcoin Continues to Head SouthThe currency remains a popular investment, but bitcoin’s price has started 2020 out with a few significant nosedives. The currency has fallen (once again) below the $7,000 line, and many are wondering if the year will continue to take bitcoin on a whirlwind of drops.While it’s probably too early to tell, 2020 is simply continuing the trends set forth by the previous...

It’s safe to say that the beginning of 2020 is everything one might have expected it to be on the cryptocurrency market: volatile. Just a few days after the New Year’s bell rang, Bitcoin went on a rollercoaster, dropping down to a low of $6,850, only to recover hours later, gaining upwards of $500 in the process. Interestingly enough, this move coincided with a significant political event. The US President, Donald Trump, ordered an airstrike against Baghdad’s airport. During this, the leader...

Bitcoin may be down, but it’s still given users a lot of happiness.Bitcoin Has Outdone All Other InvestmentsPer one source, the currency has risen by more than nine million percent over the past ten years. The 2010s were an up-and-down decade. Many were recovering from the Great Recession that had occurred roughly two years earlier, and several people in the U.S. who had worked in the manufacturing industry were stuck looking for new jobs given that the country had shipped many of its...

Microsoft co-founder and billionaire, Bill Gates has a new wish this year and for the next decade starting 2020. In his new year’s wish, Bill Gates asks the government to increase the taxes on the rich.Off lately, Bill Gates has been quite vocal about tweaking the country’s taxation system wherein the ultra-rich pay more taxes to balance the growing income inequality. Therefore, he endorses a tax system that favors “taxing large fortunes that have been held for a long time”. In his latest...