The infighting between the co-founders of the bitcoin’s biggest miner manufacturer, Micree Zhan and Jihan Wu, might not stop soon. This will only put the bitcoin miner orders of Core Scientific - Horizon Kinetics and Hive Blockchain that ordered 200 Bitmain Antminer S17e yesterday.
The US stock market is on the rise again. On Monday, Nasdaq reported a 2.2% rise which was its best one-day gain since May. The Dow also climbed 460 while the S&P 500 gained 1.6%. The US stock market is not the only one enjoying a good day: across the pacific ocean, China is encouraging and anticipating a long-waited bull market. Its CSI 300 index of Shanghai- and Shenzhen-listed shares soared 5.7% on Monday, reaching its five-year high.
The July edition of the “Bloomberg Crypto Outlook” report, published by the Bloomberg Galaxy Crypto Index, presents a bullish scenario for Bitcoin (BTC). The report lays out new arguments that show how the cryptocurrency is in the process of transitioning to a form of digital gold. The arguments can be summarized in BTC’s just mentioned transition to digital gold, the adoption and the central bank inflationary policy.
As the global economic engine continues to reel from the effects of the slowdown induced by the novel coronavirus, it’s still not clear how much devastation the pandemic has actually caused. For example, due to the restrictions imposed by governments all over the world such as border lockdowns, trade limitations and import/export reductions, economic movement has almost ceased, causing many businesses, both large and small, to either face up to the losses or shut down completely.
Andreas Antonopoulos discussed how he desired to see Bitcoin have more “privacy features” in a recent live stream Q&A session published on Youtube on July 7. Antonopoulos discussed the privacy-centric coin monero and concepts like stealth addresses and ring signatures.
Recent investments into cryptocurrency mining equipment by smaller players could be a positive signal for the longevity and value of Bitcoin (BTC). In late June, United States-based blockchain firm Core Scientific ordered over 17,000 of the latest Bitcoin mining ASIC machines from Chinese hardware producer Bitmain. The news made waves in the industry as the largest known order of Antminer S19s by a single operator.
Ideas Are Like Flames, a collective based in Germany, launched a campaign to dismantle misconceptions regarding Bitcoin (BTC). The group has incentivized people to place Bitcoin-related stickers in cities around the world.
A seamless Integration of Bitcoin into the banking system would be the currencies is a big step for the Adoption of BTC and other Crypto. Banks are still an important interface between the Otto-normal consumers and the entire financial industry. Exactly that’s about to change with a new application from the developer of Zap Lightning in a sustainable and Bitcoin is a direct connection to the respective Bank accounts.
OKEx exchange recorded over 8,000 “whale” Bitcoin (BTC) trades in June; more than any other exchange. It also had the honor of recording the largest such trade — 513.1 BTC according to data from Kaiko.
Max Bronstein, who works on the Institutional Coverage team at Coinbase, believes “fireworks” are coming to the global currency market. What’s more, a spike in volatility of currencies might largely benefit the price of Bitcoin (BTC).
Well-known bitcoin advocate Andreas Antonopoulos expressed his thoughts about Bitcoin privacy features in a recent speech. He is of the opinion that there is only a slim chance for complete privacy features to be incorporated into this cryptocurrency. As he eloquently stated, “It's hard to compare Bitcoin with Monero and it's also not the point here. But when it comes to privacy features, Monero seems to be unbeatable. Bitcoin has come a long way and still unlikely works further in privacy features.”
The remittance coin of XRP has had a remarkable bounce from levels of around $0.172 on the 2nd of July, to a local top of $0.2068 only hours ago. This move translates to a solid 20% gain in the mentioned time period.
In a recent release, Ripple’s Chief Technical Officer David Schwart proclaimed that XRP is 57000 times better than the pioneer cryptocurrency token Bitcoin in terms of its sustainability for the planet earth.
The Dogecoin, a formerly small gag-coin, has become the tenth-most traded coin in the world by trading volume. The cryptocurrency, powered by Shiba Inu, saw its 24-hour trading volume blaze past the one billion mark. As it stands now, the DOGE prices have managed to double in a single week’s time.
The first half of 2020 had been a real rollercoaster for Cardano, the 7th-largest cryptocurrency by market capitalization. During February and March, the token eased to a new all-time low and then started a massive rally that propelled the price above the 2019 high. In the past few months, there were a lot of tokens that had been outperforming, including Zilliqa, which we’ve covered a few weeks ago.
The Tron (TRX) price has moved above a vital resistance area and validated it as support afterward. The price has likely begun an upward trend. Tron: Long-Term Resistance Since November 2018, the $0.012 area has been acting as the range low for TRX. The price briefly declined below this level on March 2020, but quickly reclaimed it and has been moving upwards since. Whenever a long-t
Travel Giant Expedia have allowed bookings in cryptocurrency for over 700,000 accommodation using Travala crypto bookings. This means Litecoin (LTC) can be used for Expedia bookings. Good for use case in terms of those who are looking to spend LTC.
Litecoin news today – The price of Litecoin rallied by 4.47% in the last 24-hours of trade starting from Wednesday, July 8. By doing this the digital asset managed to reverse a 1.54% decline from Tuesday. At the time (July 7) Litecoin ended the trading session at the $45.33 area. A mixed start trade the day after saw the price of Litecoin drop to a morning intraday low position of $43.11 before it made a move. The coin was able to steer clear of its first major support position of $42.65 before rallying to a late intraday high point of $45.63. Let us see more on how LTC/USD moved during the last few days and past 24-hours.
Ripple is still the fourth-largest crypto-currency and therefore enjoys a certain Prestige, but this position is not undisputed. In the last few weeks, the native crypto-currency, XRP had to your Position than 3. largest Cryptocurrency behind Ethereum and Bitcoin to the Stablecoin Tether make. And, there are many Crypto-Fans doubt that the Performance of XRP can ever benefit from the success of the company Ripple, as Anthony Pompliano said Recently. This is often very different opinions about Ripple and XRP, reflected now, in a viral Tweet of the Crypto-Exchange Binance again.
An appellate division of the New York Supreme Court (NYSC) delivered a legal blow to Bitfinex, and its affiliate stablecoin issuer Tether, by rejecting its lack-of-jurisdiction argument, Bloomberg report.
Everything happens at the stance of energy, of late Ripple have placed emphasis on the importance of reducing energy consumption. However, it has been reinstated by the community members that XRP is a green digital asset in more ways than one.