Bitcoin price is preparing for a powerful mid-term rally and a new BTC price cycle, according to historical market data and previous halving events. Bitcoin (BTC) price may be at the start of an unprecedented mid-term rally after the top-ranked cryptocurrency by market capitalization registered a 150% gain since March. Historical data shows that when […]
Continue Reading
Crypto analysts AlfaBlock claim that the MakerDAO protocol will need to host several trillion Dai by 2040 to maintain its current market capitalization. Crypto analysts AlfaBlok has published a report that claims the number of circulating Dai will need to increase by more than 70% each year in order for MakerDAO (MKR) to maintain its […]
Continue Reading
The crypto-friendly bank saw an increase in the number digital currency customers and Bitcoin trading volume in the first quarter of 2020. Bitcoin trading and transaction volumes surged at the pro-crypto Silvergate Bank in the first quarter of 2020. According to an April 29 transcript filed with the U.S. Securities and Exchange Commission (SEC) on […]
Continue Reading
Cambridge University has launched a ‘Bitcoin Mining Map’ that shows the distribution of hashing power worldwide as well as within China. The Cambridge University’s Centre for Alternative Finance (CCAF) has launched a Bitcoin Mining Map that provides the average monthly hash rate produced by each country across the globe. The map is informed by the data […]
Continue Reading
With only 4 days until the halving, Bitcoin bulls knocked out a key resistance at $9,140-$9,200 and are now targeting $9,500. After spending the last few days battling to hold prices above the $9,000 resistance, Bitcoin (BTC) price made a strong move by surging to $9,380 on Wednesday morning. The 3.65% move took place on […]
Continue Reading
Square reports that Bitcoin composed the bulk of Cash App’s revenue in the first quarter, though it added much less to profit. On May 6, Square released its filings for the first quarter of 2020. The filings publicized revenue for Square’s Cash App, a majority of which came from Bitcoin. The numbers for Q1 and […]
Continue Reading
A court dispute between an international couple and four Bitcoin robbers has come to an end. The Shanghai No. 1 Intermediate People’s Court publicly announced an appeal for a Bitcoin foreign property damage compensation dispute on May 6, according to Baidu news. The second Court trial’s findings indicated that Bitcoin is a digital asset and […]
Continue Reading
Abra has received $5 million in funding from the Stellar Development Foundation. The Stellar Development Foundation, or SDF, has allocated $5 million to crypto investment app Abra. The company now looks to incorporate the Stellar blockchain into its platform, as well as develop Stellar-based products. “We believe Stellar’s platform is one of the most scalable […]
Continue Reading
Experts warned that South Korean authorities may struggle to identify all people who used crypto payments. South Korean IT experts claim that investigators in the Telegram Nth room case could have trouble identifying users who used crypto payments to access illicit videos via the chat platform. Overseas exchanges’ transactions could be an issue According to […]
Continue Reading
Most major cryptocurrencies are stuck in a tight range awaiting direction from Bitcoin. Pantera Capital Founder and CEO Dan Morehead is bullish on Bitcoin (BTC) due to the upcoming halving as he believes that “if the new supply of Bitcoin is cut in half, all else being equal, the price should rise”. If history were […]
Continue Reading