In the traditional Sunday review of BlockchainJournal – the collapse of the cryptocurrency market, the secret activity of the Ethereum developers, the transfer of the launch of the Bakkt platform and other events of the outgoing week. Blood bath Already at the beginning of the week, November 19, the price of Bitcoin updated the annual minimum, dropping below $ 5,000. The next day, the bears managed to derail the first cryptocurrency rate below $ 4,500, and the market capitalization reached the values of October 2017. After that, the lateral movement in the range of $ 4,200- $ 4,500 began, but…
Author: BlockchainJournal
project tokens The Hong Kong cryptocurrency exchange Bitfinex has added to the listing the RBTC token from the Argentinean RSK blockchain-startup developing the opensource-platform of smart contracts with two-sided binding to bitcoin. Bidding is available in pairs with bitcoin and fiat dollar, but marginal instruments are still deactivated. We are excited to introduce a smart contract platform secured by the Bitcoin network. @RSKsmart https://t.co/ZvuTJXvaOB pic.twitter.com/AmYJZL5DjY – Bitfinex (@bitfinex) November 23, 2018 It is noteworthy that just a few days before it became known about the transition of RSK Labs under the control of RIF Labs, which is focused on creating…
On November 24, the hashrate in the main Bitcoin network amounted to 47.2 EH / s, which is 38% more than the average of 34.7 EH / s. The aggregate capacity of the first cryptocurrency network showed a significant decline along with the fall in the value of the asset itself. At the same time, part of the mining devices switched to Bitcoin ABC and Bitcoin SV forks networks, between which the so-called “ hashrate war ” is fought . This week, the founder of the sixth largest mining pool, F2Pool, reported that tens of thousands of ASIC devices have…
It seems that the depreciation of the largest cryptocurrency turned out to be exactly the factor that was needed to revive interest in it among the general public. According to Google Trends , the number of search queries mentioning Bitcoin over the past weeks has continued to grow rapidly and has already reached the levels that were last observed in April. It should be noted that this is still substantially less than in December. If the level of interest for the week of December 17 – 23 is 100 points on the Google Trends scale, then today’s is only 15.…
Bitfinex Hong Kong Cryptocurrency Exchange increased the minimum commission for withdrawing fiat funds to a bank account to $ 60 / € 60. At the same time, no notification on social networks was published. Thus, as of November 25, the exchange will charge a minimum fee of $ 60 / € 60 or 0.1% of the withdrawal amount. If the user needs a translation within 24 hours on weekdays, then the cost of such a service will be 1%. At the same time, in accordance with the new exchange policy, users who withdraw Fiat more than twice a month or…
Employees of the local prosecutor's office in Kiev and the National Police of Ukraine detained two suspects accused of stealing a miner in March of this year and stealing $ 50,000. This is stated in the official press release of the metropolitan prosecutor's office. So, it is reported that the brothers (1988 and 1984) were kidnapped by a representative of the cryptocurrency industry near the latter’s house in the Podolsk district, after which they were taken outside the city and, threatening with murder, forced the victim to give them the keys to the apartment and tell where the money was…
Steven Innes, the head of trading department at Oanda, is convinced that a further decrease in Bitcoin to $ 3000 will lead to a significant increase in the price of gold, reports The Times of India . “There are still a lot of people in the game. If bitcoin collapses, if we see movement in the direction of $ 3000, people will start to go out en masse. The price of gold will increase significantly, now you can already notice the inverse correlation between gold and digital assets , ”said Innes. However, if we estimate the dynamics of gold since…
As you know, Bitcoin is often compared to the biggest bubbles of history, be it Dutch 17th-century tulipmania or the dot-com bubble of 2000. After the collapse of the latter, we saw how more than a half trillion US dollars were simply erased from the market. Since December 2017, Bitcoin’s market capitalization has followed a similar trajectory, albeit on a much smaller scale. And two recent outbreaks of a sudden fall during the week led to a total loss of BTC to 250 billion or 77% relative to its highs. But, despite a similar model, market analysts believe the direct…
Today, November 24, the price of the first cryptocurrency broke through the psychological support level at $ 4,000. So at the time of writing, the half-hour BTC / USD chart of the Bitstamp exchange looks like: As can be seen on the chart, the BTC price is trading just above the $ 3,800 mark, which corresponds to the values of the end of September – beginning of October last year. The total market capitalization is $ 128 billion. As usual, the falling Bitcoin draws the vast majority of other cryptocurrencies. So now the first ten of CoinMarketCap looks like: Earlier,…
The five largest European banks, including the Spanish banking giant BBVA, received an invitation to join the International Association of Trusted Blockchain-Applications of the European Union (IATBA). Representatives of the bank informed about it in the official press release . IATBA is expected to start work in the first quarter of 2019, and its launch will be preceded by the launch of a thematic forum. Notably, the names of other banks involved in the initiative have not yet been named, and the message from BBVA is the only one on this issue. IATBA will develop blockchain protocols and promote technology…