Tag Archives: Cryptocurrency News

The price of bitcoin has been heading south over the past three months, but one quant analyst that goes by the name of PlanB on Medium predicts that the flagship cryptocurrency could surge in the coming days. Bitcoin halving will send the price soaring PlanB’s price model is based on the scarcity of the cryptocurrency. The analyst predicts that bitcoin will hit a market capitalization of $1 trillion after the next halving event occurs in May 2020, giving each token a valuation of $55,000....

Crypto enthusiasts see bitcoin as a unique asset. Many rely on the cryptocurrency as a store of value while others use it as a payment solution, especially for transactions that involve huge sums of money. Chief executive of BullBitcoin enumerates the use-cases of bitcoin. | Source: TwitterOutside of the crypto community, however, many see the king of cryptocurrencies as an unreliable asset. Recently, the Group of Seven (G7) nations released a study that emphasizes how bitcoin has failed to...

Satoshis Games Studio has announced the first-ever Bitcoin battle royale game, dubbed Lightnite in a rather conspicuous reference to Epic Games flagship Fortnite, albeit without the fanfare of its game-changing Chapter 2 launch. So how does it work? What Is Lightnite? As of writing details are scarce, but Lightnite features all the trappings of any battle royale shooter worthy of the name, except with the Bitcoin twist mixed in. In a Medium post sharing the announcement, Satoshis Games...

Last Friday, October 18, blockchain startup Ripple has released the Q3 performance number for XRP cryptocurrency. Despite being the third-largest cryptocurrency by market cap, XRP’s performance has failed to impress investors. Q3 was no different as the XRP price slipped to its 2019-low below $0.25 by September end.As we know that since the launch of XRP in 2012 Ripple has been given some portion of the 100 billion XRP tokens created. Each year, the company engages for some token sale in the...

Bitmain, the Chinese manufacturer of computing chips and cryptocurrency mining equipment, has just launched a 50MW facility for crypto mining in Texas’ Rockdale city. The facility was erected in conjunction with DMG Blockchain Solutions, a Canadian firm, as well as the Rockdale Municipal Development District (MDD).According to an official Bitmain publication, construction of the facility began last year, after the company announced that it would erect the biggest cryptocurrency mining farm in...

On Saturday HTC launched a wallet-friendly version of its blockchain smartphone, versioned the Exodus 1s. The new phone comes in at a little under $250 (€219) and customers can buy it either with fiat or crypto. Its real selling point? Run your own full bitcoin node on the go. Verify your own transactions on the new HTC Exodus 1s | Source: htcexodus.comThe Taiwanese company launched big brother a year ago and initially tried to entice blockchain fans by pricing it in Bitcoin. It...

Justin Sun who is the founder and CEO of Tron (TRX) has dismissed rumors and allegations that he is behind the investment group that acquired the premier cryptocurrency exchange group Poloniex. He indicated this in a tweet on October 19th and categorically stated that he is “not buying anything”.I'm not buying anything. Just invest some and help out my friends. Actually I have a huge bag of $BNB, $HT, $OKB etc and bet on all exchanges that support $TRX & $BTT. ?— Justin Sun...

Social media giant Facebook has been facing severe regulatory troubles for launching its Libra cryptocurrency. Last week, even big giants like Mastercard, Visa, PayPal, Stripe, who were earlier part of the Libra Association, announced their withdrawal from the project.Facebook is now working out other ways to keep its Libra project alive. As reported by Reuters, Facebook proposed using fiat-pegged digital stablecoins for its project. It means that instead of directly pegging the Libra token...

Ex-NBA star Isaac Austin has been accused of swindling a Ghanaian firm nearly one million dollars in a Bitcoin Scam. According to GhanaWeb, the former NBA player lured victims into investing their Bitcoin in an automated cryptocurrency trading program run by his firm, Isaac Edward Austin and Tudor Trust. On Austin’s LinkedIn page the ex-basketball player is listed as a trustee of the firm. Source: LinkedInHis Twitter account, however, makes no such mention. Ghanaian firm loses 75 Bitcoin...

In what seems to be a continuing series of woes for Telegram and its TON blockchain, the United States District Court for the Southern District of New York has decided to postpone the hearing that will determine if the Grams token is a security or not to the 18th and 19th of February 2020.Though the company was doing its best to make its token publicly available, the United States Securities and Exchange Commission (SEC) made a couple of moves by dragging the messaging app to court on...