Crypto news

At press time, bitcoin is trading for just over $8,400.Bitcoin: Bearish All Over Again?This figure marks a drop of roughly $700 over the past few days. The currency is incurring some very strange behavior as of late, though there doesn’t seem to be much of an explanation regarding why this behavior is happening.Let’s start off with the basics. To do this, we must go back to the end of October, when bitcoin was really trapped in a rut following the disappointing opening of Bakkt and the Mark...

Privacy-centric Zclassic (ZCL) is skyrocketing after its founder Rhett Creighton decided to “put more ZCL in the hands of people.” Rhett Creighton offers 1,000 ZCL to his followers. | Source: TwitterIn the last 24 hours, ZCL jumped over 60% to hit a high of $0.45. The bullish momentum appears to be correlated with the increasing network activity this cryptocurrency has seen as more people join Creighton’s campaign. Zclassic is Trending Up Zclassic is a fork of Zcash (ZEC) that uses a...

China-based cryptocurrencies surge as bitcoin consolidates. If volume picks up, BTC could break above $9,700. One of the most prominent analysts in the industry shares his views on the pioneer cryptocurrency for this week. Following Chinese President Xi Jinping’s decision to embrace blockchain technology, many China-based cryptocurrencies have seen a significant spike in their market value. VeChain, for instance, has moved up a whopping 185% while NEO has skyrocketed nearly 100% since then....

Jed McCaleb is the co-founder and CTO of Stellar, a top 20 cryptocurrency and primary competitor to bitcoin. In a recent interview, McCaleb explains how he got his start in the crypto industry, and what it was about the space that attracted him.MCCaleb: I was Interested in BTC Because It Was a DisruptorMcCaleb comments that he’s fond of crypto in that it works to defy and disrupt traditional finance, which he says doesn’t always work for everyone. Describing his feelings when he first found...

Tim Draper has always been a huge bitcoin advocate, but in a recent interview, he explains why he’s so convinced BTC is headed for the stars and beyond.Draper Says the Lightning Network Will Do Great ThingsIn the past, Draper has stated that bitcoin is likely to hit $250,000 by the time 2022 rolls along. He later altered his prediction a bit to suggest that this figure would instead be reached in the early months of 2023, thereby pushing things back somewhat. However, he stands by his...

Bitcoin hater Peter Schiff believes that speculators will start dumping bitcoin after the pot stock crash. The crypto asset and pot stocks do not have a correlation. Schiff’s argument stands defeated given that the two assets have entirely different characteristics. Peter Schiff doesn’t like bitcoin. He gets really happy whenever the price of the flagship cryptocurrency takes a hit. In fact, the market bear does not let go of any opportunity to take a swipe at the crypto asset, hoping that...

Die Finanzmarktaufsicht in Deutschland warnt erneut vor Scamern. Dieses Mal betrifft es ein CFD-Portal aus Bulgarien, welche ebenfalls Differenzkontrakte auf Digitale Währungen anbietet. Dass CFD-Portale oft unseriös sind, ist nichts Neues. Meist werden Auszahlungen nur verzägert getätigt oder der Kunde erhält gar nie eine Auszahlung. Aktuell warnt die BaFin alledings ganz gezielt von einem Anbieter...

Protesters take over the streets of Iran after the government announced dramatic fuel price hikes. The regime has blocked internet access and closed its Iran border. Iranians are facing a dire situation which will likely force many to resort to a currency that offers a safe and portable store of value, such as bitcoin. Civil unrest erupted in Iran as protesters took to the streets to express their anger over the government’s decision to ration gas and increase price by at least 50 percent....

Bitcoin saw the light of day a decade ago, and since then, it attracted serious interest in the financial sector. Even though a lot of people use it mainly to get exposure to its price denominated in fiat currencies, there are a lot of businesses that accept Bitcoin as a payment method.Traveling With BitcoinBack in 2013, the popular American travel agency Cheapair began accepting Bitcoin as a means of payment. This led to other companies implementing it as well, and now clients can use their...

[PRESS RELEASE]Derivatives Exchange Bybit will be launching the inaugural global ‘BTC Brawl’ Trading Competition. The competition will run from 28 November to 13 December 2019.The Bybit Games are back, and this time it’s bigger than ever! Come 18 November 2019, registration for the latest instalment of Bybit’s hugely popular trading competition, dubbed – BTC Brawl, will kick-off. Unlike previous editions, this upcoming one promises to be a real global spectacle of epic proportions. As you can...