Please share if you find this article interesting. Up 45%: Is Bitcoin's Price Preparing for a Long-Term Bull Market? Bitcoin's (BTC) 45 percent month-on-month rally has likely put the leading cryptocurrency on the path to a long-term bull market, technical studies indicate. As of writing, BTC is changing hands at $8,300 on Bitfinex, having clocked a two-month high of $8,507 on Tuesday. A month ago, it was all gloom and doom in the bitcoin market, perhaps warranted, as the cryptocurrency had created back-to-back long-term bearish chart patterns in the month of May and June. Consequently, BTC looked primed for a move lower to $5,000. However, the inverse head-and-shoulders breakout seen earlier this month confirmed a short-term bearish-to-bullish trend change. Furthermore, the conv...
Please share if you find this article interesting. Venezuela's New Petro-Backed National Currency to Start Circulating in August The president of Venezuela Nicolás Maduro has announced that the country’s new cryptocurrency-backed national currency will start circulating August 20, local state news agency Telesur reported July 25. Telesur reports that the new currency, the Bolívar Soberano (Sovereign Bolivar), will have five zeros less than the existing national currency Bolivar Fuerte (VEF) and will be anchored to the oil-backed Petro (PTR) digital currency. The Petro was launched by the government of Venezuela this February. Maduro noted that the measure intends to align the financial and monetary system in the country “in a radical manner,” stating that the reconversion and anc
Please share if you find this article interesting. Reflections on a Swatting: Inside One Bitcoin Engineer's Security Battle October 16th, 2017 started off like any other Monday. I awoke at 6 a.m. and drove to the YMCA to play racquetball, ready to start the week with a win. When I finished playing, I tweeted out a cute quip: I then hit the steam room and the shower to relax and freshen up. Upon returning to my neighborhood, I encountered an unusual problem: a police cruiser with its lights flashing was blocking the entrance. I came to a stop and rolled down my window: "Hi Officer, is there a problem? I'm just trying to get to my house." "Sorry, we have to secure the area due to an ongoing incident." "Is it an active shooter?" "Unclear, but we have information that he has long ...
Please share if you find this article interesting. Japanese Crypto Exchanges Working on Lowering Margin Trading Limits - Bitcoin News Exchanges Japanese cryptocurrency exchanges may soon set a strict limit on the leverage they offer for margin trading in order to better protect investors. The association comprised of 16 government-approved crypto exchanges is reportedly imposing a leverage limit as part of its self-regulatory rules. There will be a grace period and exceptions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Leverage Limit on Margin Trading The Japan Virtual Currency Exchange Association (JVCEA) is reportedly planning to impose a leverage limit for crypto margin trading in order to protect investors, local media reported Wednesday. The associa
Please share if you find this article interesting. PR: Propy - This California Property Was Sold On The Blockchain Without Using Banks - Bitcoin News This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. PALO ALTO, California — Propy, the global real estate store with a decentralized title registry, announced the successful execution of a historic real estate deal on the Blockchain in the State of California. With Propy’s Transaction Platform, every step of the deal was executed via Ethereum smart contracts, making this the first
Please share if you find this article interesting. The Bitcoin Cash Pre-Consensus Debate Continues - Bitcoin News News A few days ago news.Bitcoin.com reported on the debate between Bitcoin Cash (BCH) developers and community members concerning an idea called ‘pre-consensus.’ Some developers believe pre-consensus could help with bock time speeds, zero-confirmation transactions, and consensus in general. Since then there’s been a lot of discussion about this topic, and some members of the BCH community with mining power, like Viabtc’s Haipo Yang, seemed to favor the idea of faster block times. While other miners, like Coingeek’s Calvin Ayre, have issues with the recent ideas that involve what they call “risky protocol changes.” Also Read: Bitcoin Cash Developers Debate an Ide
Please share if you find this article interesting. Binance Prepares to Enter the South Korean Market - Bitcoin News Exchanges Binance is preparing to expand into South Korea, having already hired Koreans for some local positions. CEO Changpeng Zhao has stressed the importance of the Korean market, noting that some Koreans are already using Binance, especially to trade newer coins. However, the exchange is reportedly waiting for the country’s crypto regulatory framework to be fine-tuned before actually launching. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Binance Eyes South Korean Market Binance, the world’s largest cryptocurrency exchange by trading volume, is eying the South Korean market for expansion, Business Korea reported Tuesday. Quoting CEO Chang
Please share if you find this article interesting. Non-Fungible Tokens, Explained What does non-fungible mean? To fully appreciate what makes these tokens special, it’s worth taking a look at the difference between “fungible” and “non-fungible.” When something is fungible, in this case a token, it means it can be easily replaced by something identical – and it is interchangeable with ease. Real world examples of something fungible could include grains of rice, or the $1 bank note in your pocket. If you were to lend that $1 to someone, it wouldn’t matter if they didn’t return the exact same one. This all changes when something is non-fungible. Although two items may look to be identical at a glance, each will have unique information or attributes that make them irreplaceable or
Please share if you find this article interesting. Altcoins Round-Up: Bitgo Adds ZEC, Wirex Supports XRP, PwC to Audit Tezos Altcoins In recent news pertaining to altcoins, Bitgo has announced the addition of Zcash to the roster of cryptocurrencies supported by the cryptocurrency custody firm; Wirex has enabled XRP support for its cryptocurrency debit card; and Tezos has commissioned PricewaterhouseCoopers (PwC) to audit the Tezos foundation’s finances and operations. Also Read: Bitmain Reveals the Total Hashrate of Its Cryptocurrency Mining Hardware Bitgo Offers Zcash Custody Bitgo, a company providing “institutional-grade cryptocurrency security” services, has announced that it has enabled support for Zcash. The announcement follows the addition of 57 ERC tokens last week.
Please share if you find this article interesting. Joseph Lubin Names Berlin as The Most Important City in The ‘Blockchain Cosmos’ Ethereum co-founder Joseph Lubin referred to Berlin as “the most important city in the blockchain cosmos”, Cointelegraph auf Deutsch reported July 25. Lubin said that, "Berlin has the infrastructure, Berlin has the talent, the really good programmers are here." Lubin added that, if Berlin wanted to maintain its status as a blockchain hub, "the government needs to set up more programs to promote blockchain." According to Lubin, blockchain is still in its infancy. The Ethereum co-founder, who now is concentrating on app development on the Ethereum blockchain with his company ConsenSys, said: "We've seen a lot of bubbles bursting, and will do so more o