Bitcoin Cash Upgrade Complete: 3 New Features Added to Consensus Rules
Today, at precisely 9 a.m. ET on May 15, 2020, the Bitcoin Cash network completed another upgrade adding a few new features to the blockchain. The latest upgrade comes with new opcode support, a chain limit extension, and the improved ... read more.
Crypto Derivatives Exchange FTX Launches Bitcoin Hashrate Futures
On Friday, cryptocurrency derivatives exchange FTX launched a hashrate futures tool that allows Bitcoin (BTC) miners to hedge against mining difficulty risk. Hashrate, the amount of processing power dedicated to a Bitcoin network at a given time, determines the strength ... read more.
How Investors Are Presented With Bitcoin: 'A New Decentralized Monetary Asset, Akin to Gold'
Bitcoin (BTC) is a compelling investment case "for patient, long-term investors" willing to spend the time to understand the top cryptocurrency, a new paper by Paradigm co-founder managing partner Matt Huang notes. The crypto entrepreneur places BTC besides gold, as ... read more.
Germany Enters Recession as Over 100 Banks Charge Negative Interest Rates
Germany has plunged into a recession with the worst quarterly contraction since the global financial and economic crisis of 2008, according to official data. Over 100 banks in the country are now charging customers negative interest rates. Germany Enters Recession ... read more.
Retail Investors Branch to Altcoins: ‘60% of Coinbase Customers Start With Bitcoin, Only 24% Stick Exclusively’
On May 13, the San Francisco-based cryptocurrency exchange, Coinbase published a report that shows digital currency investors are investing in alternative cryptocurrencies despite bitcoin’s 67% market dominance. Data from Coinbase shows that customers with at least five crypto purchases, roughly ... read more.
Bitcoin Sentiment on Twitter Reaches Its Highest Level in 3 Years, Says Data Firm The Tie
Positive investor sentiment about bitcoin (BTC) on Twitter has reached record levels - its highest in three years - triggered by the cryptocurrency's supply cut earlier this month, data shows. According to crypto data company The Tie, the 30-day average ... read more.
Bitcoin.com's Mining Video Censored: The Tale of Youtube's Blatant Censorship and Propaganda
During the last few years, the Google-owned Youtube platform has been accused of massive censorship and in the last three months, the video streaming business resembles the Ministry of Propaganda, more than an online video-sharing platform. This week Bitcoin.com was ... read more.
From Buenos Aires to Beirut - Covid-19 Excuse Restricts Millions of Citizens from Withdrawing Their Own Money
The coronavirus and the government-induced lockdowns have wreaked havoc on the global economy and millions of people can't access their own money. Reports from financial stricken areas like Venezuela, Argentina, and Lebanon show that citizens are being stopped from accessing ... read more.
Covid-19 Economy Fuels Faith in Crypto: Trust In Bitcoin Over Banks Increased 3X Since 2017
The market research organization, The Tokenist, recently published a report called “Comparing Public Bitcoin Adoption Rates in 2020 vs 2017.” The study's findings give a comprehensive look at the cryptocurrency ecosystem between 2017 and now. The researchers' survey shows that ... read more.
Bitcoin Miners Double Revenue: Fees Spiked Over 200% in 10 Days Since the Halving
Bitcoin (BTC) miners earned 44% more in transaction fees in the nine days since the halving than they did for the whole of April. If this continues miners will have more than doubled their income from transaction fees going forward. ... read more.
Exposure to -1x the Daily Performance: Bitcoin.com Exchange Adds Inverse Token BTCSHORT
During the last few months, Bitcoin.com’s cryptocurrency exchange has added a number of new coins and features. Today, Bitcoin.com Exchange has added an Ethereum-based inverse token called "BTCSHORT," a token that gives users exposure to the inverse or -1x the ... read more.
Generations of Debt: US Taxpayers Held Liable for Federal Reserve's $6.9 Trillion Balance
The central banking system in the U.S. and the country’s megabanks have manipulated the economy for quite some time and these days, the coronavirus has been a great excuse to create trillions for stimulus. A recent report from the analysts ... read more.
Bitcoin Use on Darknet Markets Jumps 65% in First Quarter
Bitcoin transactions on darknet markets jumped 65% in value during the first quarter, according to research by a blockchain analytics firm. The amount of bitcoin sent from darknet entities to mixers also grew rapidly as exchanges with verification requirements became ... read more.
Bitcoin.com Exchange Lists ESH Token Support Prior to John McAfee's Ghost Airdrop
In mid-April, news.Bitcoin.com reported John McAfee’s new privacy token called Ghost, as the former anti-virus tycoon detailed “governments will be unable to shut it down.” Ghost won’t be distributed in the usual fashion by leveraging an initial coin offering (ICO), ... read more.
No Evidence ISIS Is Storing $300 Million in Bitcoin, Says Chainalysis
Blockchain intelligence firm Chainalysis has dismissed claims ISIS is holding a $300 million bitcoin (BTC) war chest. In a “fact-checking” report, published on May 20, 2020, the U.S. company accused the media of sensationalizing allegations about BTC and other cryptocurrencies ... read more.
Trump Signs Deregulation Order to Boost US Economic Recovery
U.S. President Donald Trump has signed an executive order to eliminate "unnecessary regulations that impede economic recovery" following the coronavirus crisis. With this deregulation, government agencies are "encouraged to promote economic recovery through non-regulatory actions." Trump Signs Deregulation Order to ... read more.
Bitcoin Futures, Options, and Open Interest: Crypto Derivatives Break Records After the Halving
Since the market rout on March 12, otherwise known as ‘Black Thursday,’ bitcoin futures and options contracts have seen significant demand. On May 14, CME Group saw the total number of outstanding derivatives contracts (open interest) touch a high of ... read more.
Gox Rising Offers $800 per Bitcoin Claim to Buy out Mt Gox Creditors
Gox Rising has offered to buy out creditor claims from the collapsed cryptocurrency exchange Mt. Gox. The Brock Pierce-led outfit will pay $800 per bitcoin claim, either in BTC or cash, to creditors who are unwilling to wait for the ... read more.
Illegal to Own Gold? Hedge Fund Manager Warns Governments May Ban Gold Ownership
A well-known hedge fund manager has warned that governments may ban private gold ownership. He explained that central banks may attempt to demonetize gold, making it illegal for private individuals to own, as the authorities lose control of inflation amid ... read more.
South Africa Leads Crypto Revolution in Africa – Challenges Spur and Slow Adoption
Africans rank atop global cryptocurrency ownership rates, according to a new report by Arcade Research. South Africa ranks third globally with 13% of its internet users owning or using cryptocurrencies, while 11% of connected Nigerians own cryptocurrencies in the fifth-placed ... read more.
Bitcoin Hashrate Slides 33% Since Halving - Difficulty Drops, Issues in Sichuan China
It’s been 11 days since the third bitcoin block reward halving. Data now shows that the overall SHA256 hashrate lost around 47 exahash per second (EH/s), since the all-time high of 140 EH/s on May 3. With more than 33% ... read more.
Craig Wright Submits List of Bitcoin Addresses to the Court - Roster Contains Spent Blocks
On May 21, 2020, the infamous Craig Wright, the man who claims to be Satoshi Nakamoto, submitted a list of blocks and bitcoin addresses to the court that stem from the alleged Tulip Trust. However, armchair sleuths and blockchain analysis ... read more.
Bitcoin Worth $282K from the 2016 Bitfinex Hack on the Move
The cryptocurrency community has noticed a number of bitcoins from the August 2, 2016, Bitfinex breach has been moved. A small 30 BTC transaction ($282,000) from the stash has moved from the hacker’s address to an unknown bitcoin address. The ... read more.
Iranian President Calls for Launching a Cryptocurrency Mining Strategy
Iranian President Hassan Rouhani has called for a mining strategy throughout the oil-rich nation. The latest statements from the Iranian President follows Iran’s moves to restrict specific crypto trading platforms over “currency smuggling” mandates. On May 20, 2020, Iran’s President ... read more.
Russia Proposes Law That Criminalizes Buying Bitcoin With Cash, Offenders Face 7 Years in Jail
Russian lawmakers have proposed new laws that seek to ban the use of bitcoin (BTC) and other cryptocurrencies in the country, local media reported. According to draft bills submitted by a group of deputies to the Russian parliament recently, individuals ... read more.
