Tag Archives: BTCGBP

TRON’s Justin Sun agrees with Elon Musk’s concerns on the carbon footprint that bitcoin mining leaves. He believes the proof of work consensus algorithm has its flaws and urged people to strive to use more green energy. Sun Agrees With Musk Tesla’s CEO made the news several weeks ago when the EV-maker disallowed bitcoin payments for its products. Ever since then, Musk repeatedly outlined the high levels of energy used by the primary cryptocurrency and urged miners to use more...

The Reserve Bank of India issued a new circular today, clarifying that although banks and other entities need to carry customer due diligence, cryptocurrencies are not outlawed in the country. Citing media reports that banks and regulated entities have “cautioned their customers against dealing in virtual currencies by making a reference” to a circular that RBI Issued back in 2018, the bank now clarifies the situation. The institution said that these “references are not in...

Ed Carpenter, who was racing with the Bitcoin logo on his car, finished 5th on one of the most exciting racing events in the US – the Indy 500. This is a considerable achievement for BTC Chevrolet 21 as the Indianapolis competition consisted of 33 participants. BTC on The Runway Ed Carpenter – one of the most prominent US automobile racers – gave the audience another great show and finished 5th out of 33 participants on the final ranking on Indy 500, but this time with the...

This allows users to create trustless atomic swaps between the two cryptocurrencies without having to route through a centralized exchange service. Monero’s Privacy Mechanisms Monero’s ring signature system draws anonymity from a minimum ring size. Receivers are protected via stealth addresses, and funds within the ring are indistinguishable from each other. The minimum ring size is 11: given no other information, an attacker can identify the source of a transaction with a...

Following yet another day of high volatility in which the bears had initial control, bitcoin has recovered roughly $3,000 of value from the current 7-day low recorded on Saturday. The altcoins followed suit with similar dips as the market cap had lost about $200 billion at one point. Just like the weekend before, this ongoing weekend is not disappointing in terms of volatility and price fluctuations. Bitcoin Recovers From Yet Another Dip It’s safe to say that the primary...

Bitcoins on derivatives exchanges are at their highest level since May 19, signaling a volatile weekend ahead. Historically, derivatives exchanges like Binance Futures, BitFinex, and BitMEX are able to create massive price movements (a single entity or group of entities can create huge swings using a relatively low number of coins) thanks to the provision of massive amounts of leverage. These exchanges allow margin trading of even over 100X leverage. Bitcoin had already seen...

Rhonda – an Australian nurse – lost all her savings after being lured into a fake bitcoin investment. The fraudulent scheme stole hundreds of thousands from the devastated Sydney woman just months before her retirement. Dreams of Retirement Were Dashed An Australian nurse revealed in a recent interview for 2GB radio how a cryptocurrency scam swindled out her entire life savings, sounding a note of caution to other investors about the red flags she should have been mindful...

Bitcoin is no longer regarded as a niche asset as its high price fluctuations impact the stock markets, concluded researchers from Singapore’s DBS Group Holdings Ltd. In a recent paper, they outlined the increased correlation between the two markets ever since BTC started to appreciate in value in late 2020. Bitcoin Is No Longer a Fringe Asset The primary cryptocurrency went through a significantly bullish period from the start of October 2020 to mid-April, in which its value...

Bitcoin 2021 conference will be held in Miami with a host of attendees and reputable keynote speakers, including politicians, regulators, celebrities, Bitcoin proponents and investors in the crypto industry. The event was originally scheduled for April 30 –  May 1 in Los Angeles. However, the venue and date were changed due to the second wave of COVID-19 and vaccine rollout. This week, Bitcoin 2021 will take place between June 3 and 5 at Wynwood’s Mana Convention Center in...

Christopher Hui – Hong Kong’s Treasury Secretary – agreed with the government’s intentions to implement certain crypto regulations in the megapolis as he believes Hong Kong would ultimately benefit from them. This Is The Right Decision In a recent speech, the Treasury Secretary of Hong Kong – Christopher Hui, backed up the proposal of the Financial Services and the Treasury to ban retail cryptocurrency trading. He said that the move was a well-thought decision and its...