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“# Bitcoin price outlook still bullish despite drop from COVID-19 vaccine news ” The price of Bitcoin (BTC) has seen extreme volatility in the past 24 hours. After the Dow Jones Industrial Average abruptly rose by more than 800 points, BTC plunged in tandem with gold. Within five hours of achieving a four-day peak at…
“# Report: Crypto crimes declined in 2020, but DeFi hacks are on the rise ” Cryptocurrency-related crimes have slowed down in 2020, but some sectors within the crypto industry have become a new hotbed for criminal activity, a new report says. Citing major crypto analytics firm CipherTrace, Reuters reported on Nov. 10 that total losses from…
“# Overstock expanding blockchain arm tZero in Ireland ” United States’ retail giant Overstock is reportedly expanding its blockchain wing tZero with new hires in Ireland. The Utah-based e-commerce company is seeking to hire software and devops engineers to work on its blockchain and security token subsidiary tZero, local tech news agency Silicon Republic reported on…
“# Bitcoin Cash hits record lows vs. Bitcoin days before hard fork ” Altcoin traders continue to feel the pain as Bitcoin (BTC) gains, with Bitcoin Cash (BCH) hitting new all-time lows. Data from Cointelegraph Markets and other sources shows that as of Nov. 10, BCH is worth less in BTC terms than ever before….
“# Big mining move: Bitcoin’s hash power increases 42% in two days ” The hash power of the Bitcoin (BTC) network has jumped by roughly 30% over the past 24 hours, which if sustained, suggestsg a major difficulty adjustment may soon be incoming. According to Coinwarz, Bitcoin’s hash rate currently sits at 157.5 exahashes per…
“# Microsoft employee sentenced to 9 years in first U.S. Bitcoin case involving tax fraud ” A former Microsoft engineer has been sentenced to nine years for stealing more than $10 million in digital value from his past employer in the form of “currency stored value” (CSV) including gift cards. Volodymyr Kvashuk, a 26-year-old Ukrainian…
“# $18K Bitcoin price, eh? BTC market cap may pass Canada’s monetary base ” As Bitcoin (BTC) blasted through the $14,000 level its market capitalization surpassed the monetary base of the Russian ruble. This measure includes both physical currency and bank reserves, both of which are usually held by a country’s central banks. Bitcoin market…
“# Investors are back into Bitcoin but DEXs are still the future of crypto ” Bitcoin’s long-waited bull run and the recent wave of corporate and institutional investors allocating significant portions of their reserves to Bitcoin (BTC) are all signs that the pace of crypto’s mainstreaming is rapidly accelerating: But has the path to mass…
“# Price analysis 11/9: BTC, ETH, XRP, BCH, LINK, BNB, LTC, DOT, ADA, BSV ” Bitcoin price is recovering well from its 6% drop to $14,800 but top altcoins are slow to follow. <p>Professional traders are often perceived to be the smartest as they weigh the risks before investing in an asset class. Opposite to…
“# 3 reasons why Bitcoin price abruptly dropped 6% after reaching $15,800 ” The price of Bitcoin (BTC) rose to as high as $15,840 before crashing to $14,800. Just five hours after reaching an intraday top, the dominant cryptocurrency dropped over 6%. This massive spike in volatility was likely caused by three major factors. The…