Tag Archives: Cryptocurrency News

Hash war may be averted after major mining pool withdraws its support for the plan. Anonymous miners threatened a hash war in response to the tax, which could have lead to a chain split. Bitcoin.com announced the withdrawal of its support for the tax plan in its current form. The proposed Bitcoin Cash (BCH) tax levy on miners could now be dead in the water. Bitcoin.com – one of the five mining pools backing the plan – has withdrawn its support for the tax plan. The...

Ever since cryptos came into existence a decade ago, a lot has changed in the financial world. Many crypto proponents suggested a while back that digital currencies will soon take over the world. They said that cryptos will eventually render fiat currencies obsolete. However, new studies show that cash is unlikely to disappear ‘anytime soon.’Although there is declining use of cash as a payment method and the cryptos are surging, Deutsche Bank is convinced that money is here to stay. The...

The spread of the coronavirus in China has really shaken the world. On Tuesday, January 28, the Chinese authorities said that the coronavirus outbreak has infected over 4000 individuals with over 100 deaths registered.Moreover, the global markets have already reacted to this alarming situation as we saw global stock plunging on Monday. At this time, Bitcoin and other cryptocurrencies are showing upward movement. The Bitcoin price surged nearly 5% today climbing above $9000 levels.At press...

Experienced economist Jeffrey Tucker says Ripple’s XRP might decline to absolute zero in the near future, or even rise, in the most improbable of circumstances, to a price of one million dollars.XRP has continued its steady decline since the close of last year and shows little sign of shaking off resistance levels. The third biggest cryptocurrency has seen its bearish trend not abating, and previous predictions of the XRP price to reach $0.47 or higher before March are beginning to seem...

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An anonymous group of miners announced plans to hardfork a new bitcoin cash blockchain if tax on miners isn’t removed. Group claims to control 42% of the BCH hashrate, with plans to expand it to 2.5 exahash per second by the May 15 fork date. A repeat of 2018 costly hash war could be on the very near horizon. Bitcoin cash (BCH) could be on the verge of another hash war after the ongoing tax drama took a major turn. An anonymous group of miners has threatened to launch...

Bitcoin’s price comes within a hair of $9,000 en route to its highest level in over a week. Bitcoin’s correlation to gold flips positive, according to Bloomberg. Fears of a coronavirus pandemic put a damper on stocks and other risk assets. Bitcoin launched toward $9,000 on Monday, as the spread of coronavirus forced investors to cut ties to riskier assets like stocks. While bitcoin is still considered a risky investment, it’s once again behaving like gold, according...

Engineers from Square Crypto want to build a product that will make LN integration easier for the wallet developers. Whether Lightning Network is a good scaling solution or not is defined by adoption rates. So far, it is used mostly by the exchanges and people directly supporting Bitcoin Core. However, Twitter CEO Jack Dorsey thinks that development (and adoption) must flow faster. His revolutionary solution is called Lightning Development Kit (LDK) and is a creation of Jack’s new company.It...

Set for 12 May 2020, the Bitcoin halving is just 105 days away. Bitcoin price is steady at 8K-9K level.However, we should note that the same figure was named last week. Despite the fact that time is going forward, the halving event is not getting closer according to popular countdowns. It may be evidence of the decreased hash rate.Arcane Research, a Norwegian Cryptocurrency analytics company, published a study showing the growing demand among people who search in Google for ‘bitcoin halving’....

Ripple has said that blockchain technology and other fintech solutions will usher in the future of payments in 2020. In an official publication posted on Thursday, the company explains what the future of payments will look like. The publication also details events that are likely to unfold this year and how new technology will lead the way.In the Future Payments Will Be Faster and SmallerRipple is stressing that as time goes on, financial institutions and payment companies will have to...