In the past, the public has largely viewed cryptocurrencies – and Bitcoin in particular – as tools widely used by criminals that provide them with unfettered anonymity while they facilitate nefarious transactions on the dark web. Although the public’s perception of BTC and other digital currencies may have been altered slightly after the 2017 bull…
The 18-year-old rap musician Lil’ Pump has announced that his online store will accept payments for products via the Lightning Network. Fans of the artist will be able to spend Bitcoin on merchandise from Lil’ Pump’s fashion line, “Unhappy” using the innovative micropayment solution. Although such acceptance stories do not directly translate into increased Bitcoin…
The first ever cryptocurrency, Bitcoin, is set to close its third consecutive monthly candle as green, after a record-setting six candles closed in red, taking Bitcoin price to its current bear market low of $3,150. Because of how far Bitcoin has climbed since those local lows, crypto analysts believe that May is likely to close…
At the start of this month, James Lau, Hong Kong’s Secretary for Financial Services and Treasury, informed the Legislative Council that the purchase of mining equipment falls under the Trade Descriptions Ordinance. This move places restrictions on who can mine cryptocurrencies like bitcoin. But, does it also signal a change in attitude towards crypto by…
While Bitcoin (BTC) has always been about improving the world’s financial and political wellbeing, this nascent market isn’t all too kind. Over the course of 2018, retail investors across the board lost their shirts, industry employees were laid off, and crypto’s reputation and presence in the mainstream sadly fell off the map. Related Reading: FUD…
Crypto warlord John McAfee has been making waves from his yacht in the Bahamas recently. He claims to have spoken with the elusive Bitcoin creator Satoshi Nakamoto and has threatened to reveal his identity. Several in the industry have already commented on the negative impact this may have on Bitcoin and crypto prices. Who Is…
Bitcoin has blindsided bankers and brokers alike, due to its ability to bring substantial and unheard of returns on investments made in the new, emerging financial technology. It’s been compared to a number of other financial assets, including tech stocks, and has been positioned as the digital version of gold. However, returns made on other…
Despite being caught in a bout of sideways trading yesterday, Bitcoin has been able to maintain its upwards momentum and has now surged above the $5,600 level. This upwards momentum has so far been relatively isolated to BTC, as most other cryptocurrencies have not yet surged. Although Bitcoin may be in the process of gearing…
Blockchain, the innovative distributed data storage method backing almost all of the more than 2,000 crypto assets existing today, has been often touted as a way to drastically improve the efficiency of traditional banking. However, according to the Head of Digital Market Assets at Credit Suisse, the uptake of the technology has been slower than…
The bitcoin price has surged up to 4.85 percent this Tuesday, but there is still a strong case of an imminent pullback. According to Crypto Michaël, an Amsterdam-based cryptocurrency analyst, bitcoin lacked adequate follow-up volume that could sustain the ongoing upside price action. The bearish interpretation followed the textbook volume-price relationship, in which a price…