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Showing posts from February, 2019

Bitcoin Price May Rise in March Despite Month’s Bearish Track Record

❏ Bitcoin is heading into a historically weak month on a positive note and could see gains if resistance at $4,190 is breached. ❏ CoinDesk

Square Brought in Over $166 Million Through Bitcoin Sales Last Year

❏ Mobile payments firm Square has reported its revenue and profits from bitcoin sales in 2018. ❏ CoinDesk

Bitcoin Lightning Tech Expands Beyond Invoices in Step Toward Better UX

❏ New tech by a principal developer could soon make it possible for bitcoin's lightning network to expand to new use cases. ❏ CoinDesk

LinkedIn Founder, Fidelity Latest to Carry Bitcoin’s ‘Lightning Torch’

❏ The latest big names to join the bitcoin payments experiment are financial giant Fidelity Investments and LinkedIn co-founder Reid Hoffman. ❏ CoinDesk

Bitcoin Price On Track to End Six-Month Losing Streak

❏ Bitcoin looks set to end its record six-month losing streak with modest gains in February. ❏ CoinDesk

Bolivars to Bitcoin: Activists to Take Down Venezuela’s Maduro in Art Exhibit

❏ As the situation in Venezuela continues to escalate, artist cryptograffiti, crypto exchange AirTM and merchant services provider Cripto Conserje have teamed up for an all-day fundraiser to tear down – in whatever way they can – Maduro's regime. ❏ CoinDesk

Bitcoin Price Holds Above $3,700 But Bulls Need Progress Soon

❏ Bitcoin risks a further sell-off if the bulls' defense of $3,700 fails to produce quick recovery. ❏ CoinDesk

There’s No Crypto Winter in Argentina, Where Startups Ramp Up to Meet Demand

❏ Argentina's thriving crypto startup scene offers a unique cocktail of technical development and tangible user demand for bitcoin. ❏ CoinDesk

Bitcoin Shorts Dropped to 11-Month Lows During Sunday’s Sell-Off

❏ Funds allocated to BTC/USD short positions on Bitfinex fell to 11-month lows on Sunday as the price of bitcoin fell more than 8 percent. ❏ CoinDesk

Warren Buffet: Bitcoin Is a ‘Delusion’ But Blockchain Is ‘Ingenious’

❏ Warren Buffett has reiterated his negative view of bitcoin but expressed admiration for the underlying technology. ❏ CoinDesk

US Government Returns Bitcoins Retrieved Following 2016 Bitfinex Hack

❏ Bitfinex has announced that some of the bitcoin stolen in a major 2016 hack has been returned after it was retrieved by the U.S. government. ❏ CoinDesk

Bitcoin’s Uptrend At Short-Term Risk After High-Volume Price Dump

❏ Bitcoin nosedived yesterday, clouding the interim bullish outlook and a deeper drop could unfold if the key support near $3,700 is breached. ❏ CoinDesk

Long-Term Bitcoin Price Indicator Turns Bearish, Suggesting Bottom May Be In

❏ Bitcoin likely bottomed out in December and could begin a new bull run this year, as a lagging indicator has turned bearish for the first time in four years. ❏ CoinDesk

Validators Create New Attack Vectors for Decentralized Systems

❏ Bounty0x CMO Pascal Thellman discusses some of the potential security and incentives issues with validators on proof-of-stake networks. ❏ CoinDesk

Bitcoin Has a Florida Problem

❏ Jurisdictions that lack clear guidance or take a hostile view of blockchain and crypto hurt the industry. Florida is doing both. ❏ CoinDesk

Back Above $4k: Bitcoin’s Price Jumps to a Two-Month High

❏ Bitcoin's price returned above $4,000 on Saturday for the first time in over a over eight weeks as the broader cryptocurrency market flashed green. ❏ CoinDesk

The First Car Purchased With Bitcoin Is Now the World’s Most Expensive Prius

❏ CoinDesk takes a ride in the first car ever purchased with bitcoin – a Prius paid for with 1,000 BTC. ❏ CoinDesk

Bitcoin Remains On Hunt For $4.2K Despite Price Consolidation

❏ Bitcoin's three-day price consolidation looks to be a bull breather before a continuation of the recent rally to above $4,000. ❏ CoinDesk

Don’t Expect Bitcoin’s Supply to Change, Says Core Maintainer Wlad van der Laan

❏ In a new interview, bitcoin's lead maintainer, Wlad van der Laan, argues any change to the cryptocurrency's supply would erode its utility and value. ❏ CoinDesk

QuadrigaCX Has Sent All Its Bitcoin and Ether to ‘Big Four’ Auditor EY

❏ QuadrigaCX's "hot" wallets for bitcoin and ether have been nearly emptied with the funds sent to court-appointed monitor EY. ❏ CoinDesk

Bitcoin Price ‘Bull Cross’ Points to Positive Market Shift

❏ A much-followed bitcoin price indicator has turned bullish for the first time in seven months, indicating a trend change in the market. ❏ CoinDesk

A DIY Bitcoin Lightning Node Project Just Hit Its 1.0 Milestone

❏ A project aiming to empower people to build nodes that can send and route payments on bitcoin’s in-development lightning network has officially released version 1.0 of its code. Announced this week, RaspiBlitz has published finalized instructions for building a lightning node on a tiny hobbyist computer called a raspberry pi. Often used for custom tech […] ❏ CoinDesk

Global Cryptocurrency Trading Volumes Jump to 300-Day Highs

❏ The total trading volume in the cryptocurrency market recorded yesterday reached a its highest amount since April 25, 2018. ❏ CoinDesk

Bitcoin Price Looks North As Trading Volumes Hit 9-Month Highs

❏ Bitcoin could revisit December highs above $4,200 in the near-term as the recent rally is backed by a surge in trading volumes. ❏ CoinDesk

The SEC Is Now Reviewing 2 Bitcoin ETF Proposals

❏ There are two bitcoin ETFs under review by the SEC, after the VanEck/SolidX proposal was published in the Federal Register Wednesday. ❏ CoinDesk

Cryptos ‘Not a Substitute’ for the Yellow Metal, Says World Gold Council

❏ Cryptocurrencies can't match gold on stability and volume, and are not a direct competitor, says the World Gold Council. ❏ CoinDesk

Elon Musk Calls Bitcoin ‘Brilliant,’ Better Than Paper Money for Value Transfer

❏ Elon Musk, founder and CEO of Tesla and SpaceX, has officially gone public with his belief cryptocurrency offers an improved alternative to conventional money. ❏ CoinDesk

Countdown Restarts Tomorrow for SEC Decision on CBOE/VanEck Bitcoin ETF

❏ The VanEck/SolidX bitcoin ETF proposal is slated for publication in the Federal Register tomorrow, giving the SEC 45 days to approve, reject or extend a decision on it. ❏ CoinDesk

Bets on Declining Bitcoin Price Drop to 6-Month Low

❏ The amount of money in bitcoin short positions on Bitfinex dropped 28 percent since yesterday to reach a 6-month low. ❏ CoinDesk

Bitcoin Price Crosses Key Long-Term Hurdle For First Time in 9 Months

❏ Bitcoin has broken the 100-day moving average for the first time in 272 days, briefly passing $3,900 overnight. ❏ CoinDesk

Blockstream Releases Test Code for Bitcoin Tech Upgrade Schnorr

❏ Schnorr signatures, a code change likely to be one of the biggest coming upgrades to bitcoin, have now gone from a theoretical idea to real code courtesy of technology startup Blockstream. Announced Monday, Blockstream has added a technology known as “MuSig” to its test cryptographic library, making it possible for developers to tinker with the […] ❏ CoinDesk

Bullish Sentiment for Bitcoin As Long Bets Near 11-Month Highs

❏ Bullish bets on bitcoin, the world's largest cryptocurrency by value, reached 11-month highs on Monday. ❏ CoinDesk

You Can Now Send Bitcoin Tips Over Lightning on Twitter

❏ When "liking" your favorite tweet isn't enough, you can now send small bitcoin tips via the lightning network. ❏ CoinDesk

Will the Crypto Community Torch Jamie Dimon?

❏ The $156 in bitcoin being passed via the "Lighting Torch" is a bigger deal than trillions in JPM Coins would be, writes Michael J. Casey. ❏ CoinDesk

Bitmain Announces New, More Efficient 7nm Bitcoin Mining Chip

❏ Bitmain Technologies has announced a new 7nm bitcoin mining processor that it says offers a big boost in energy efficiency. ❏ CoinDesk

Bitcoin Price Passes $3,700 to Hit One-Month High

❏ Bitcoin's high-volume move to one-month highs could be the start of a stronger rally to above key resistance near $3,760. ❏ CoinDesk

Craig Wright Claims to Be Satoshi in Critical Response to CFTC on Ethereum

❏ In a response to the CFTC, nChain chief scientist Craig Wright has criticized ethereum and restated his claim to be Satoshi Nakamoto. ❏ CoinDesk

Mayer Multiples: The Metric That Helps Call Bitcoin Bubbles and Bottoms

❏ Identifying speculative bubbles or bearish exhaustion may be possible through the use of a fairly new metric known as the Mayer Multiple. ❏ CoinDesk

Bitcoin Is… Bitcoin Just Is What?

❏ What is bitcoin? 40 experts show that 10 years later, it's still a question with a variety of answers. ❏ CoinDesk

NYSE Arca Filing Kicks Off Countdown for New Bitcoin ETF

❏ The clock just started on the latest effort to launch a bitcoin ETF from NYSE Arca and Bitwise Asset Management. ❏ CoinDesk

Bitcoin’s Sideways Drift Has Shifted Price Recovery Target to $3.7K

❏ Bitcoin's six days in the doldrums has weakened the bull case in the short term, leaving a target of $3,700 for a resumed rally. ❏ CoinDesk

How SABRE Tech Can Stop Hackers From Splitting Bitcoin Into Two

❏ If hackers felt like it, they could split bitcoin in two, but researchers say they have a solution in the form of a relay network called SABRE. ❏ CoinDesk

‘Make Bitcoin Fun Again’: New Lightning App Lets You Buy Pizza With BTC

❏ Using the Lightning Network, more than 150 people bought Domino's pizza with bitcoin this week. ❏ CoinDesk

Coinbase Exchange Users Can Now Withdraw Bitcoin Cash Fork BSV

❏ The largest US-based cryptocurrency exchange Coinbase has allowed its users to withdraw BSV three months after the hard fork. ❏ CoinDesk

Iran’s Government Is Using Crypto Startups as Part of Its Blockchain Embrace

❏ Sources in Iran say the country's financial sector is taking clear steps toward a state-backed token economy. ❏ CoinDesk

State of Blockchains: Bitcoin (BTC) Fees

❏ Transaction fees make the bitcoin blockchain go round. The miners are compensated for their efforts, not only through inflationary block rewards, but also through fees charged to users for adding their transaction to blocks. While fees on average make up about 4% of the total miner revenue per day, with the lion’s share coming from […] ❏ CoinDesk

Long-Term Indicator Suggests Bitcoin Price May Be Nearing Bottom

❏ A long-term price indicator validates a growing consensus among investors that bitcoin is close to bottoming out. ❏ CoinDesk

Blockchain Analysis Ties 5 Bitcoin Addresses to QuadrigaCX Exchange

❏ Researchers have identified a group of bitcoin addresses that likely belonged to the cold wallets of failed exchange QuadrigaCX. ❏ CoinDesk

ETF Tied to Bitcoin Futures Withdrawn After SEC Staff Request

❏ The withdrawal of a proposed ETF that would have had exposure to bitcoin futures comes just days after its submission to the SEC. ❏ CoinDesk

Nasdaq to Add Bitcoin and Ethereum Indices to Global Data Service

❏ Nasdaq, the second-largest stock exchange in the world, is adding bitcoin and ethereum indices to its global data service later this month. ❏ CoinDesk

Bitcoin Making Little Headway as Resistance Caps Price Gains

❏ Bitcoin's struggle to cross a key moving average lined up above $3,600 is a cause of concern for the bulls. ❏ CoinDesk

GMO Internet’s Crypto Business Reports $12 Million Loss in 2018

❏ Japanese IT giant GMO Internet has just reported an operating loss of nearly $12 million for its cryptocurrency business in 2018. ❏ CoinDesk

QuadrigaCX ‘Inadvertently’ Sent BTC to Dead CEO’s Cold Wallet: EY Report

❏ QuadrigaCX lost another 100 bitcoin after transferring them to a cold wallet it previously said it cannot access. ❏ CoinDesk

Bitcoin Price Pattern Hints at Short-Term Rally to $4K

❏ Bitcoin's pullback from three-week highs hit on Friday doesn't mean the rally is over. ❏ CoinDesk

Square CEO Jack Dorsey Says Bitcoin’s Lightning Is Coming to Cash App

❏ Lightning Network projects are booming, thanks in part to the buzz surrounding bitcoin bull Jack Dorsey. ❏ CoinDesk

Binance’s BNB Token Hits All-Time High in Bitcoin Value

❏ BinanceCoin (BNB) has extended its recent gains to set a new all-time high in bitcoin-denominated value. ❏ CoinDesk

New Proposed ETF Would Mix Bitcoin Futures With Sovereign Debt

❏ An ETF proposal filed Monday would invest in bitcoin futures and the sovereign debt of several developed countries. ❏ CoinDesk

Bitcoin Eyes $3.8K After High-Volume Price Breakout

❏ Bitcoin saw a high-volume bullish move Friday that may have opened the doors for a rally above $3,800. ❏ CoinDesk

NYSE Parent ICE Anticipates Over $20 Million Spend on Bakkt This Year

❏ NYSE parent firm Intercontinental Exchange is likely to spend over $20 million building its bitcoin futures trading platform Bakkt in 2019. ❏ CoinDesk

WATCH: Inside the Museum of Bitcoin: An Interactive Tour of Crypto’s History

❏ We took a tour of the Museum of Bitcoin, a pop-up installation at The North American Bitcoin Conference 2019. It was a trip down memory lane. ❏ CoinDesk

Bitcoin Pops Above $3,700 As Crypto Market Flashes Green

❏ The broader cryptocurrency market picked up strong bid during Friday's trading session with litecoin (LTC) leading the charge. ❏ CoinDesk

SEC Commissioner Says Bitcoin ETF Will Be Approved ‘Eventually’

❏ A U.S. SEC commissioner, Robert J. Jackson Jr. has said he believes a bitcoin exchange-traded fund will ultimately be approved. ❏ CoinDesk

Bitcoin Price Still Trading Flat While Litecoin Hits 7-Month High

❏ Bitcoin, which continues to languish near seven-week lows, is being outshone by a surge in price for litecoin. ❏ CoinDesk

Latest Lightning Code Release Trolls With a ‘Block Size’ Increase

❏ The latest code version for the lightning network, often trumpeted as the future of bitcoin payments, includes a "block size increase." ❏ CoinDesk

Blockchain Analysis Links Hamas Fundraising to Coinbase Bitcoin Account

❏ Hamas is soliciting bitcoin donations for its military operations, but so far has only garnered a few thousand dollars. ❏ CoinDesk

Someone Is Impersonating Bitcoin Futures Platfom Bakkt to Raise Money

❏ There's a website out there masquerading as Bakkt in an apparent attempt to bilk people out of their bitcoin. ❏ CoinDesk

Little Relief in Sight as Bitcoin Price Closes at 7.5-Week Low

❏ With bitcoin closing yesterday at the lowest level in 7.5 weeks, the gradual sell-off is showing no signs of abating. ❏ CoinDesk

Cypherpunk Valentine: Why Shoppers Spend Bitcoin on Lingerie

❏ Lingerie purchasing as a bitcoin use case is much less far-fetched than you might imagine. ❏ CoinDesk

Little-Known Resistance May Hold Key to Bitcoin Price Bounce

❏ Bitcoin price gains may be capped by a key moving average that has been acting as stiff resistance since mid-January. ❏ CoinDesk

Coinbase’s Wallet App Is Getting Bitcoin Support This Week

❏ Coinbase users will be able to directly control their bitcoin holdings from the firm’s Wallet app after a coming update. ❏ CoinDesk

Bitcoin Is Becoming More Decentralized, Indicates New Research

❏ Bitcoin's hashrate distribution has become more decentralized, according to a research report from Canaccord Genuity Group. ❏ CoinDesk

Twitter CEO Jack Dorsey Becomes Latest to Take Bitcoin’s ‘Lightning Torch’

❏ Bitcoin's "lightning torch" saw none other than Twitter CEO Jack Dorsey snatch up the ongoing payment experiment and pass it on Tuesday. ❏ CoinDesk

LedgerX Unveils Betting Market for 2020’s Bitcoin Block Reward Halving

❏ The bitcoin block reward will be cut in half next year – and soon, market watchers can place bets on exactly when the subsidy halving will happen. ❏ CoinDesk

Bitcoin’s Daily Price Range Hits Three-Month Low

❏ The current calm in the bitcoin market is reminiscent of the lackluster trading witnessed in October ❏ CoinDesk

$312 Million in Mt Gox Cryptos Possibly Sold Via BitPoint Exchange

❏ Leaked bank documents suggest that $312.5 million in crypto from defunct bitcoin exchange Mt. Gox was sold via the BitPoint exchange. ❏ CoinDesk

Bitcoin’s ‘Lightning Torch’ Has Blazed Through 37 Countries So Far

❏ The bitcoin community is currently immersed in an experiment called the “lightning torch," and it's reached 37 countries so far. ❏ CoinDesk

Bitcoin Price Charts Offer Glimmer of Hope to Struggling Bulls

❏ The slow drip bitcoin price sell-off seen over the last six weeks has produced a bullish pattern on the daily chart. ❏ CoinDesk

Bitfury Partners to Launch Bitcoin Mining Centers in Paraguay

❏ Bitfury has teamed up with a South Korean firm to mine bitcoin using cheap, clean hydro power in Paraguay. ❏ CoinDesk

Bitcoin Is Now Officially In Its Longest Bear Market Ever

❏ Bitcoin's price has officially continued to print lower price highs for the longest amount of time in the cryptocurrency's 10 year history. ❏ CoinDesk

Wall Street Crypto Products May Have to Wait as US Regulators Confront Backlog

❏ The SEC and CFTC have five weeks of work to catch up on, and crypto advocates have no illusions that bitcoin ETFs and the like are a priority. ❏ CoinDesk

Bitcoin’s Price Logs Record 6-Month Losing Streak

❏ Bitcoin's price fell for a record sixth time in January, after an early bounce to $4,000 failed to entice mass buying. ❏ CoinDesk

Casa Is Open Sourcing Its Lightning-Enabled Hardware Bitcoin Node

❏ Casa is open sourcing aspects of its lighting network-enabled bitcoin node and launching a browser extension for direct control of the device. ❏ CoinDesk