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Tag Archives: Andreas Antonopoulos

Canadian VR Company Sells $4.2M of Bitcoin Following the Double-Spending FUD

NexTech AR Solutions, a Vancouver, Canada-headquartered developer of VR and AR solutions, has booked a $200,000 profit after selling over 130 bitcoins. The firm justified its decision with the double-spending that allegedly occurred on the BTC network yesterday.According to a press release published by the company, NexTech has sold all of its BTC holdings, amounting to 130.187 bitcoins. With today’s prices, this amount is worth north of $4,2 million.The sale has come less than a month after...

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Low Oil Prices Could Make US Bitcoin Miners More Competitive, Antonopolous Says

Popular Bitcoin proponent and educator Andreas Antonopoulos believes that the current drops in oil prices will benefit some BTC miners. In a video on his YouTube channel, he outlined that miners in the recently opened Bitmain facility in Texas could be the biggest beneficiaries.Oil Prices To Affect BTC MiningThe sudden outbreak of the COVID-19 pandemic started a domino effect on world economies. Nationwide lockdowns – meaning less traveling and movement – prompted less oil consumption. At the...

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Could Quantum Computing Be Used to Crack Cryptocurrency?

The theory goes that quantum computing could be used to crack out cryptocurrency wallets. Is this true?What could quantum computing do to web services? Currently, there are supercomputers already in existence. They are so smart that they can find your Bitcoins by brute-forcing the seed phrases. The computers are so smart now that they can distinguish between two persons entering the same login and password on a login page, serving different e-mail inboxes. This is not a matter of what...

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Bitcoin Halving Is 42 Days Away, Hash Rate and Miners Lose Force

Bitcoin is believed to enter the miner capitulation stage, where hash rate and price drop significantly. However, some researchers claim that Bitcoin price is independent of the halving cycles, as well as of hash rate.Per TradingView general manager Pierce Crosby, the programmatic price limits have significant influence over the Bitcoin hash rate. The lower the price per coin, the lower the profits from block mining. Crosby believes that part of the network’s rigs will slow down, causing a...

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The Crypto Twitter Experts Are Now Bearish On Bitcoin, But Maybe It’s Time To Buy Bitcoin?

Volatility in the cryptocurrency market is something somewhat expected. Aside from the price swing, however, the community’s opinions and predictions could change just as quickly.For instance, Bitcoin, and the rest of the cryptocurrency market, went through a severe nosedive a few days ago, which brought the price of the largest digital asset to as low as $3,600 on BitMEX. All of a sudden, most popular influencers switched their previous bullish views to a full-on bear mode.Change Of Heart...

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Will XRP Price Increase Before Possible Ripple IPO in 2020?

Ripple IPO could destroy the XRP price, according to many of the analysts. However, Brad Garlinghouse didn’t say that Ripple will be doing any IPOs.The current XRP price is moving down because of the overall market uncertainty and even conspiracy theories. With the rumors about Ripple IPO this year, analysts argue over its possible price fall.Ripple was making partnerships with companies like MoneyGram, to showcase the RippleNet’s real worth. In 2020, Brad Garlinghouse was talking about the...

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Tether Gold Stablecoin Gets Margin Trading Option with Leverage on Bitfinex

Traders of Bitfinex got the ability to trade the stablecoin XAUT with a maximum of 5x leverage. Bitfinex also pumps up BTC/USD margin trading pair to the same maximum.Last week Bitfinex presented a new stablecoin Tether Gold. It is backed by the gold bars hidden in the unknown Swiss vault. Tether claimed that they have ‘direct access’ to the vault. The margin trading option as announced on Tuesday, against the U.S. dollar, Tether and BTC. The initial equity can be 20%.Margin trading will...

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Cryptocurrencies Work Thanks to Key People, Not Blockchains

The outsiders may believe fancy Telegram graphs showing Bitcoin‘s decentralization levels and metrics. However, many of that stats supply data from a parallel reality. Because you cannot claim full decentralization when the majority of the industry is maintained by the same three to five companies. The will of the investors, not the cyberpunk spirit, changes the price of coins or destroys companies.There are at least seven influential people in the crypto space, including investors and...

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ECB Embraces Own Stablecoin Dismissing Bitcoin’s Classic Principles

European Central Bank’s head (and former International Monetary Fund’s head) Christine Lagarde said that the stablecoins market is gaining momentum and the officials need to keep up with changes:“My personal conviction is that giving the developments we are seeing, not so much in the bitcoin segment, but in the stablecoins projects. And we only know of one at the moment but there are others, being explored and underway at the moment. We’d better be ahead of the curve if that happens. Because...

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