We are all waiting for the flight of Bitcoin to the moon only for the reason that this has already happened, and we also believe that sooner or later the whole world will understand how much cryptocurrency is better than fiat money. But why should this happen? What global factors can lead to the fact that investors will start buying Bitcoin not because of fear of missing the native, but because it will become an attractive and useful asset for them? Trade wars Donald Trump can literally send a bitcoin into space with just one tweet; it’s enough to write…
Author: BlockchainJournal
The cryptorinks, which showed a week earlier their readiness to increase capitalization, this week has already demonstrated psychological stupor and inability to reach higher than previously achieved levels in the process of recovering the value of assets after the 2018 collapse. But this is most likely a new and no less interesting game of big capital, which creates the illusion of the end of growth for small traders, but in reality this is not so, and on the charts you can see new signals for raising during the first summer month. It also supports the external background, because the good…
Employees of the CoinShares research company found out that 74.1% of Bitcoin mining is conducted through the use of renewable energy sources. The report from CoinShares states that, at current rates, mining can be considered quite profitable, since even the equipment that is not relevant for computing operations and the cost of miners can provide a good return on investment (ROI). The report also draws attention to the fact that BTC-mining activities are mostly concentrated where there are renewable energy sources. The correlation between BTC mining and the use of renewable energy sources has shown that it is miners who…
The State Duma of the Russian Federation is considering the possibility of establishing administrative responsibility for mining cryptocurrencies in public blockchains. This writes TASS referring to the statement of the head of the State Duma Committee on Financial Market Anatoly Aksakov. “I will note that actions with cryptocurrency that are not conditional on Russian legislation will be considered illegitimate. This means that “mining”, organizing the issue, circulation, creating exchange points for these tools will be prohibited, he said, adding that administrative responsibility in the form of a fine can be provided for the described activity. We believe that cryptocurrencies created…
This summer, the Atlantis update can be activated on the Ethereum Classic network, but its exact date remains unknown. In the meantime, cryptocurrency developers have agreed that the code will be tested in a test network, CoinDesk reports. This update should activate the changes that were formally proposed for the original Ethereum network in 2017. Their goal is to improve […]
Deputy Minister of Economic Development of the Russian Federation Ilya Torosov confirmed the state’s readiness to work with cryptocurrencies in Russian offshore zones. Such a statement was made by the deputy minister at the St. Petersburg Economic Forum. According to the deputy minister, the idea to give residents the opportunity to use cryptocurrency is in a high degree of readiness. “We are in the process of reconciling the“ crypt ”of digital financial assets. Send proposals in the coming month , ”promised Torosov. Recall that in the winter of 2018, Deputy Finance Minister Alexei Moiseyev told reporters for the first time…
This week, the cost of Altcoin Litecoin increased by more than 18%, analysts believe that the rate may rise even higher. Over the past 24 hours, the LTC rate increased by almost 9%, at Coinbase a price maximum of $ 114.89 was recorded. So, we can say that altcoin was completely able to recover from the recent fall. At the same time, BTC shows a softer rise – the price has increased by about 7%. Such indicators indicate that investors and traders are more interested now in saving LTC, since halving is coming, that is, an event after which the…
Today, June 7, the price of the first cryptocurrency pleased investors with a successful retest of $ 8,000. The graph below shows that after several attempts, the price still managed to consolidate above this important level: Note that the growth occurred against the background of a surge in trading volume, which confirms the strength of the upward movement. As noted by Twitter-account Chonis Trading, two symmetric triangles preceded the rapid growth, […]
In the Russian Federation may introduce administrative responsibility for mining cryptocurrency based on public blockchains. About this in a conversation with TASS said the Head of the State Duma Committee on the financial market, Anatoly Aksakov. “I will note that actions with cryptocurrency that are not conditional on Russian legislation will be considered illegitimate. This means that “mine”, organizing the issue, circulation, creation of exchange points for these tools will be prohibited. For that […]
SEC Chairman Jay Clayton spoke at the Squawk Box program at CNBC, where he presented current views on Bitcoin . Speaking about the obvious resistance of the SEC in providing regulatory clarity on BTC, Clayton noted that there are not many things in which the SEC first of all needs to "feel comfortable." Here, Clayton noted that the Commission perceives cryptocurrencies more as stocks than currencies. At the same time, he focused on the fact that retail investors may be misled, considering that Bitcoin is being traded as a stock or a bond. “We have developed rules and control tools…