Today, December 17, the price of the first cryptocurrency suddenly broke out of the flat, within a few hours having gone through about $ 200. On the half-hour chart of Bitstamp, you can see that growth is accompanied by a significant increase in trading volumes. At the time of this writing, Bitcoin is approaching $ 3,500. As analysts at CoinDesk note, the price has successfully worked out two patterns that signify an upward correction, or a trend reversal. These are the Falling Wedge and the Inverted Head and Shoulders: #BTC As discussed in the first tweet, BTC has been above…
Author: BlockchainJournal
In 2018, representatives of the cryptocurrency community closely followed the activities of the US Securities and Exchange Commission (SEC). Everyone was worried about whether the SEC recognized the token purchased by ICO , an unregistered security, whether the agency would sue the founders of a project, whether it would approve the launch of Bitcoin-ETF . If we recall the original idea for which the cipherpunk community has fought for many decades and which formed the basis of Bitcoin, then such sensitivity to the SEC decision seems somewhat contradictory. Bitcoin provides users with financial freedom by eliminating all kinds of intermediaries…
Many cryptocurrency media and investors call this season “crypto-winter”, especially when compared to the fact that last year Bitcoin, Ethereum and other altcoins rose to a record level. However, this does not mean that people have become less interested in the world of cryptocurrency than ever. Now Ethereum has actually reached a key milestone, in particular, the ETH has reached 50 million unique addresses. This means that since May 2018, about 100,000 new unique ETH addresses have been added daily. There are famous people who believe that Ethereum may even have more long-term potential than Bitcoin. For example,…
Blockstream, a blockstream company, has announced it has expanded its Bitcoin network data service between space satellites in the Asia-Pacific region, as well as adding support for the Lightning Network. It is reported by CoinDesk . The Blockstream Satellite service was launched in beta last August. The project is an attempt to use rented space satellites to transmit data on the Bitcoin network to almost anywhere in the world. According to Adam Beck, the CEO of Blockstream, this approach is designed to make Bitcoin more accessible for residents of regions with limited Internet. As for the integration of the Lightning…
Against the background of the market recovery, the price of Ethereum cryptocurrency (ETH) for the first time exceeded the cost of Bitcoin Cash (BCH): Data: CoinMarketCap At the time of writing, the weighted average rate of ETH is $ 91.38. At the same time, BCH is trading at $ 89-90. It should be noted that the current number of Ethereum coins in circulation (104 million) exceeds the market offer of Bitcoin Cash (17.5 million) almost six times: Data: CoinGecko Thus, the price of Ethereum exceeds the market value of Bitcoin Cash, despite the fact that the latter’s supply is limited.…
The head of BitPay's well-known payment processing industry, Stephen Peir, expressed the opinion that for mass adoption of cryptocurrencies it takes 3-5 years. This is reported by CCN . “I used to talk about ten years, but now, I think, it will take from 3 to 5 years for you to go to a restaurant or trade establishment, being sure that they will accept a blockchain payment ,” said Payr. At the same time, the head of BitPay does not deny that the speculative component plays a high role in cryptocurrency pricing: “Undoubtedly, investor speculations regarding the future use and…
According to a study by the Blockchain Transparency Institute (BTI), only two of the twenty-five largest cryptobirds artificially do not increase trading volume in pairs with Bitcoin. BTI’s own ranking of sites based on actual daily trading volume, rather than the data that the CoinMarketCap exchanges provide, was led by Binance . In the same rating of CMC at the time of the study, the exchange ranked only third. Behind Binance in the rating from BTI are Bitfinex and Upbit (10th and 15th places at CMC, respectively). But, for example, the eighth in real daily trading volume was Poloniex ,…
The cybersecurity company Kaspersky Lab has published data that cases of crypto theft this year increased by as much as 400%. Although many crypto fanatics may well say that the main problem faced by the industry this year is associated with wild fluctuations in the prices of cryptocurrency, but Kaspersky Lab will have to disagree. The company showed that in 2018 the number of cryptojacking cases reached 13 million, which is 400% more than last year. Cryptojacking is a term used to describe a malicious activity regarding the mining of cryptocurrency. One of the most alarming statistics is…
decentralized exchange Today, on December 17, a deal on the acquisition by the Bibox bitcoin exchange of the decentralized trading platform DEx.top took place. On December 17, 2018, #Bibox acquires the decentralized exchange https://t.co/g9gAaEuBCX , accelerating its ecosystem establishment in Blockchain. @DExtop_official ?Let's develop an even better cryptocurrency exchange platforms together. Forward pic.twitter.com/g9RMe8ILUz – Bibox (@ Bibox365) 17 December, 2018 p. Created in November 2017, Bibox is on the 14th place in terms of trading volume, only slightly lagging behind the well-known Bitfinex crypto-exchange: Data: CoinMarketCap The decentralized exchange DEx.top has been working on the Ethereum base since May 2018.…
Researchers at the University of Cambridge believe that assumptions about the imminent end of Bitcoin as a result of a decline in its rate by 85% are "significantly exaggerated" by the media. Earlier, Bloomberg, citing the results of the same study, reported that in 2018 the number of verified cryptocurrency users had almost doubled, but it contained a number of other interesting findings. “The cross-segment expansion that took place in 2017 continued: 57% of companies now operate in at least two market segments, providing their customers with access to integrated services. For comparison, at the beginning of 2017, such companies…