Tag Archives: Bitcoin News

Bitcoin price is currently consolidating losses above the $7,600 and $7,800 levels against the US Dollar.The price is facing a lot of hurdles near the $8,500 and $8,800 levels on the upside.There are two key bearish trend lines forming with resistance near $8,420 and $8,850 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to struggle in clearing the $8,420 and $8,500 resistance levels in the near term.Bitcoin price is trading in a bearish zone below $9,000...

When will people learn that they shouldn’t be “mining on the job?” Unless you’re employed as a bitcoin miner, you should wait until you’re on your own time to engage in such activity.Mining Can Be a Tricky – and Sometimes Illegal – BusinessThat’s what one Russian engineer is learning this week. Denis Baykov, a worker at the Federal Nuclear Center in Sarov, has been fined roughly 450,000 rubles (about $7,000 USD) for utilizing a supercomputer inside the nuclear facility in which he works to...

The main net of Band Capital, a decentralized finance network, began on Monday, September 30, and customers will now have access to the startup’s new decentralized application Bit Swing, which offers bitcoin binary trading options.Band Capital Is Live for Crypto TradersThe company is backed by a venture capital firm known as Sequoia India, and this is interesting in that India has had a very mixed relationship with cryptocurrency. The nation has repeatedly banned activity surrounding crypto,...

German bank WEG is paving the way for retailers to begin accepting crypto payments in the year 2020.WEG Helps Institutions Say “Yes” to CryptoWEG Bank is owned by both the blockchain firms Nimiq and Token Pay, as well as by the Litecoin Foundation. In an interview, CEO Matthias von Hauff says that the establishment is beginning to accept applications from companies and businesses that are interested in accepting crypto in the future. He says:You don’t have to be a customer of the bank. All we...

We’re all aware that cryptocurrency fraud has taken a massive toll on the industry, but if you’re pretending to be Queen Elizabeth II to get your fingers on digital assets, you’re probably taking things a little too far.Crypto Fraud Is Taking a “Royal” TurnA letter circulating through LinkedIn and other social media platforms shows that alleged fraudsters are reportedly asking for bitcoin and cryptocurrency funds from specific investors who might have great interest in solving “Britain’s...

As bitcoin hits its worst price week in a long time, some analysts are backing away from their previous predictions regarding how well bitcoin could do by the end of the year. Tom Lee, for example, has recently commented that it’s a very bad time to be trading bitcoin, but others, like John McAfee, are refusing to get off the high horse.John McAfee: $1 Million for BTC Is Still PossibleHaving recently announced his run for presidential office in 2020, McAfee is no stranger to controversy. His...

Regulation has been a hard topic in the crypto space as of late. Despite the push for it, however, it has arrived at a rather slow pace, and many major companies and exchanges within the crypto arena are looking to themselves to potentially enhance the safety of their operations. Some of these companies include Coinbase in the U.S., along with DRW Cumberland, Kraken and Grayscale.Coinbase and Others Take Security Into Their Own HandsOne of the primary things these ventures are looking at is...

Facebook’s Libra is getting some criticism from an unlikely source: Ripple’s Marcus Treacher.Treacher: Libra’s Got to Open Up a BitTreacher is the company’s senior vice president of customer success. According to an interview he did with CNBC his primary complain is that Libra will be a “closed system” or a “walled garden” as he calls it.This basically means that Libra will be largely controlled by a team of executives. The power will not be in the hands of the people who use it, but in those...

Hut 8 is a company that claims to be a new kind of mining firm. As bitcoin’s price crashes this week, some have taken notice of the increased hash rate in the bitcoin mining arena, and some are very curious how new companies are looking to extract new coins.Hut 8: New Ways to Access CoinsAccording to Andrew Kiguel, the CEO of Hut 8, the company’s name is taken from a project led by Alan Turing, a British mathematician who broke the Nazis’ enigma code during WWII. In a recent interview, he...

At press time, the number one cryptocurrency by market cap – bitcoin – has fallen below the $8,000 mark yet again and is currently trading at approximately $7,950.Bitcoin: It’s Ugliest Week in a Long TimeThe currency has had a rather ugly week, falling by more than 22 percent in just a matter of days. The trouble started last Wednesday when the currency dropped from the mid-$9,000 range to about $8,100 in just a matter of minutes. From there, the currency struggled to pick itself back up,...