Bitcoin News

Recent Bitcoin News Stories

Binance CEO: ‘I Don’t Understand Why the Bitcoin Price Isn’t Shooting Through the Roof’

Changpeng “CZ” Zhao quietly offered a utopian forecast for the cryptocurrency industry and his ubiquitous cryptocurrency exchange, Binance–which he revealed is becoming increasingly institutionally oriented and will launch five to 10 fiat-to-crypto operations in nearly every continent. Speaking at...

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Bakkt Reveals ‘First Steps’ in Solving the Problem of Cryptocurrency Regulation

The twin issues of spotty security and lack of governmental regulation have plagued cryptocurrencies practically since their inception. Headlines of millions lost to hackers and scammy, get-rich-quick schemes that left investors bankrupt have made the public leery of cryptocurrencies....

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Bitcoin Hash Rate Doubles in Three Months, Mining Now Costlier Than Buying One BTC

According to research by Sam Doctor, a quantitative analyst at Fundstrat, Bitcoin mining costs have doubled since May. Increasing Hash Rate Late last week, Doctor released a cost analysis of the notoriously expensive Bitcoin mining process that supports the pioneer...

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Billionaire Investor Tim Draper Predicts $80 Trillion Crypto Market within 15 Years

Billionaire venture capitalist and early Bitcoin proponent Tim Draper has cooked up his most extravagant forecast for the cryptocurrency market yet, predicting it will skyrocket to a whopping $80 trillion valuation within 15 years—approximately the value of all global...

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Crypto Market Stabilizes: Bitcoin, Ethereum, Some Alts Back In Green

The wounded cryptocurrency market is showing signs of recovery after a week-long maelstrom that saw over $40 billion wiped out from the total market cap amidst manipulation speculation, black market Bitcoin dumps, and fake news accusations. Dogecoin Surprisingly Unscathed...

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Crypto Flirts With Stock Market: Robinhood Prepares to Go Public, Coinbase CEO Hints Toward Possible IPO

The cryptocurrency market is currently in the midst of a major sell-off, with Bitcoin, Ethereum, and virtually all altcoins plummeting in value. The loss of over $40 billion from the cumulative cryptocurrency market cap over the last week hasn’t...

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Research: Nearly Half of Millennials Prefer Crypto Over Fiat

Since the ICO fervor of 2017, cryptocurrency and blockchain have become an international phenomenon, driving the digital economy movement. With public adoption on the rise, market research firm YouGov has conducted a study revealing recent statistics on cryptocurrency awareness....

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Local Bitcoin Price Hits Record-High of $24,000 in Iran

With public adoption on the rise, international cryptocurrency regulations continue to develop. On Sept. 4, Iran legitimized cryptocurrency mining as an industry–propelling local Bitcoin prices to new, record highs. Crypto Industry Gains Global Traction in Legitimization The Iranian government...

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Winklevoss Brothers File Patent Detailing Innovative Cryptocurrency Storage System

The wholly-owned investment fund of Cameron and Tyler Winklevoss has filed a patent describing a secure mechanism for storing digital assets, according to a patent filing published by the U.S. Patent and Trademark Office (USPTO). Winklevoss Attempt Crypto Breakthrough...

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Coinbase Explores Launching a Crypto ETF, Consults With BlackRock

Cryptocurrency-based exchange-traded funds (ETFs) have been long-awaited by the crypto community as a catalyst for incoming institutional capital. According to a report by Business Insider, Coinbase is seeking to launch a cryptocurrency ETF. Coinbase Explores Crypto ETF San Francisco-based...

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Crypto Market Chaos: Crypto Community Quick to Blame Goldman Sachs, Silk Road Bitcoin Liquidation More Likely

The cryptocurrency market is in the midst of a selling frenzy, with Bitcoin, Ethereum and most altcoins experiencing a sharp and sudden drop in value. A major sell-off, which began at 4:40 p.m. UTC +7:00 on Wednesday saw total cryptocurrency...

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Roger Ver to Talk Bitcoin Cash at Coinsbank’s Third Blockchain Cruise

The debate between Bitcoin and its hard-forked Bitcoin Cash continues to stir in the global cryptocurrency community. On Coinsbank’s third Blockchain Cruise, Bitcoin Cash supporter Roger Ver and author Jimmy Song will discuss the benefits of the competing blockchains....

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Dread Pirate Roberts Whale Wallet Activity Hints Toward $800 Million Bitcoin Market Dump

Almost $800 million worth of Bitcoin and Bitcoin Cash has been withdrawn from wallets associated with defunct cryptocurrency “black market” Silk Road marketplace and linked to Silk Road owner Ross “Dread Pirate Roberts” Ulbricht, signaling a potential large-scale Bitcoin...

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Japanese Police Adopt Cybersecurity Software to Trace Bitcoin Transactions

After several instances of cryptocurrency-based crime and a stark increase in the use of cryptocurrencies as a money-laundering tool, Japan’s National Police Agency (NPA) revealed it would launch a crypto-tracking software to trace digital currency transactions in the country....

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Square Inc. Wins Innovative Crypto Patent Amid President Trump’s Accusations Against CEO

San Francisco-based company Square Inc. has won a new patent that will allow merchants to accept all forms of cryptocurrency payment, a victory that could impact mass utilization of digital assets. Increased Processing Speeds Are on the Horizon The...

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Roger Ver and Charlie Lee Discuss Bitcoin, Bitcoin Cash and Litecoin

The cryptocurrency bear market has left many traders wondering which digital assets will emerge on top. On CNBC’s Fast Money, industry leaders Roger Ver and Charlie Lee shared their opinions on Bitcoin (BTC), Litecoin (LTC) and Bitcoin Cash (BCH) investments....

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Why Andreas Antonopoulos Is Against Bitcoin ETFs Despite the Hype

Widely recognized security expert and cryptocurrency researcher Andreas Antonopoulos recently said in a Q&A session that he is against Bitcoin exchange-traded funds (ETFs) and their potential impact on the crypto market. With ETFs, large-scale institutional investors and retail traders...

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China’s Biggest Payment App AliPay Bans Accounts Trading Bitcoin in OTC

Alipay, the biggest payment application in China valued at $150 billion,  officially banned over-the-counter (OTC) Bitcoin trading, prohibiting traders from utilizing Alipay accounts to initiate digital asset trades. The announcement of Alipay shared by Red Li, a cryptocurrency researcher...

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Federal Trade Commission Issues Warning on Bitcoin Blackmail Scams

The U.S. Federal Trade Commission (FTC) is blowing the whistle on of a new Bitcoin blackmail scam—one purportedly targeting men with a disposition for extramarital “activity.” According to the government’s consumer protection watchdog, allegedly unfaithful men are being sent letters...

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This Bitcoin Indicator Uses CNBC Tweets to Predict Crypto Price Rallies

With more Bitcoin ETF decisions on the horizon, cryptocurrency traders are adopting new methods to forecast upcoming rallies–including trader Jacob Canfield, who has developed a Bitcoin indicator that uses CNBC tweets to predict prices. CNBC Tweets Contradictory to Price...

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Research: Bitcoin Cash Declining in Adoption and Merchant Use Cases

Blockchain analysis and forensics firm Chainalysis recently produced a report on payments received by the world’s top 17 cryptocurrency merchants, concluding the role of Bitcoin Cash (BCH) has steadily decreased in most day-to-day transactions. As reported by Bloomberg, a group...

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eToro Signs Advertisement Deals with Seven Premier League Teams

Shortly after adding IOTA to its platform, eToro has unveiled a flurry of partnerships with seven premier league teams. The football (soccer) teams included in the deal are: Southampton Tottenham Hotspur Crystal Palace Newcastle United Cardiff City Leicester City Brighton &...

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For the Sake of ‘Market Integrity,’ Bakkt Won’t Offer Bitcoin Futures Margin Trading

Many have forewarned corruption as the titans of finance more toward institutionalized cryptocurrency, eyeing every new futures contract as a potential to return to the banking practices Bitcoin was created to rise above. However, one institution resisting the trend...

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Sorry ICOs, Bitcoin and Cryptocurrencies will Gain Relevance with Starbucks and Kodak

Big name brands and retail conglomerates, not ICOs, will take Bitcoin and other cryptocurrencies to the next level, according to ICOx Innovations President Bruce Elliott. Traditional Players Will Propagate Cryptocurrency Usage While Elliott’s company helps introduce companies to the cryptocurrency...

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Analysts: Cryptocurrency Interest Remains High, Exchange Revenues are Evidence

Despite falling prices of cryptocurrencies like Bitcoin and Ether, a few market analysts believe 2018’s extended bear market is a mere price correction, and so-called Bitcoin “obituary” reports are “greatly exaggerated.” Exchange Fees Indicate Market Interest According to a...

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Coinbase Applies for Direct Bitcoin Payments System Patent

Digital asset exchange Coinbase continues to make strides in streamlining user access to cryptocurrency payments and trading, following an application for a direct bitcoin payments system patent, filed Aug. 14. Making Bitcoin Payments More Convenient and Secure San Francisco-based...

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Bitcoin Permabull Pantera Capital Details $175 Million Crypto-Fund

Cryptocurrency- and blockchain-focused investment fund Pantera Capital is aggressively pursuing its belief in the burgeoning asset class as it seeks a mammoth $175 million in investments from institutional investors for its third crypto venture. Pantera’s Cryptocurrency Push According to TechCrunch,...

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Bitmain Holds Nearly 6% of Bitcoin Cash Supply, Accused of Price Manipulation for IPO

Surfaced documents suggest that Bitmain has accumulated nearly $1 billion worth of Bitcoin Cash, raising eyebrows over the cryptocurrency’s role in a prospective $18 billion initial public offering (IPO). The documents were first tabled by Samson Mow in a Tweet, who included...

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Bitcoin Market Share Returns to December High as Hash Rate Exceeds 50 Quintillion Hashes per Second

Bitcoin’s market share catapults back to almost 50 percent, returning to levels not seen since the December 2017 bull-run that resulted in an all-time high BTC value of nearly $20,000. The return of Bitcoin’s market share dominance coincides with...

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NYSE Parent Company Brings Bitcoin Futures and Starbucks Payments to Crypto Market

According to a press release on August 3, 2018, Intercontinental Exchange (ICE), the New York Stock Exchange (NYSE) parent organization and 22 other bourses (stock market in a non-English-speaking country), announced plans to launch a regulated marketplace for digital...

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Why Major Crypto Exchange OKEx Controversially Used User Funds to Liquidate Bitcoin Contract

OKEx, the second biggest crypto exchange by daily trading volume, officially announced the decision to engage in a forced liquidation to settle a massive long contract. On July 31, 2018, a user with the ID 2051247, the largest individual...

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Morgan Stanley Hires Credit Suisse ‘Bitcoin Expert’ to Head Digital Assets Division

As the industry matures, an influx of institutional investors continues to pour into the cryptocurrency market. Announced July 31, investment banking giant Morgan Stanley hired a former Credit Suisse VP to head its digital assets division. Morgan Stanley Eyes Developing...

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Leaked Data Allegedly Reveals $1.2 Billion Bitmain Q1 Profits, Bitcoin Hashing Power at All Time High

Leaked financial data has allegedly revealed that cryptocurrency mining juggernaut Bitmain captured a monolithic $1.2 billion USD in profit for the first quarter of 2018, as well as hinting toward details of the upcoming Bitmain IPO. Announced by Fortune’s...

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SEC Denies Winklevoss Bitcoin ETF, SEC Commissioner Officially Dissents With Ruling

The SEC has announced the rejection of the Winklevoss twins application for a Bitcoin ETF, marking the second time a crypto exchange-traded fund application by the Gemini exchange founders has been denied. The rule change request filing, submitted by...

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Reddit Co-Founder, Alexis Ohanian: ‘BTC $20K, ETH $1.5K by End of 2018’

Emerging from a multi-month downtrend, the cryptocurrency market is starting to rebound from its yearly lows. Showing optimism for the industry, Reddit Co-founder Alexis Ohanian upheld his end-of-year $20K Bitcoin and $1.5K Ethereum price predictions for 2018. ‘BTC $20K,...

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Mike Novogratz Leads Investment in Crypto Lending, Predicts $800 Billion Market Cap

Billionaire Bitcoin bull Mike Novogratz announced a multi-million dollar foray into the crypto-lending sector, predicting that the total cryptocurrency market capitalization will exceed $800 billion in the next 12 months. Novogratz, who previously predicted a market cap of $800...

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Bank of Canada: Double Spending is “Unrealistic” in Blockchain Technology

A study released in July 2018 by the Bank of Canada (BoC) concludes the dreaded “double spending” attack on public blockchains is an “unrealistic” outcome. Blockchain Technology Scrutinized The research study, titled “Incentive Compatibility on the Blockchain,” examines incentive...

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Grayscale Investments Reports 56% of Incoming Crypto Capital Is From Institutional Investors

The emergence of new regulations continues to fuel an influx of institutional capital in the cryptocurrency sector. In its H1 2018 report, Grayscale Investments revealed that the majority of cryptocurrency investments are coming from institutional investors. Rising Institutional Investor...

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Ethereum’s Average Transaction Fees Temporarily Surpassed Bitcoin’s for First Time Ever

For the first time in their inception, Ethereum’s average transaction fees outstripped Bitcoin’s. Ethereum however, has since resumed its place as the more economical blockchain. As reported in a tweet by @JZay, Coin Metrics data revealed the momentary overtaking...

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Research: Quantum Computers Can Decipher Private Keys of Cryptocurrencies

Immutability and difficult-to-solve algorithms are the main attractions for cryptocurrencies like Bitcoin apart from potentially creating a new financial system. However, recent research suggests the underlying technology may not be as resilient as perceived. Quantum Computing Threatens Bitcoin On July...

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ADVFN CEO: Bitcoin to Return to $20k — But Not Before Plummeting to $2k First

Bitcoin has experienced a lengthy period of stagnation subsequent to the late 2017 all-time high of $20,000, with the most valuable cryptocurrency failing to challenge the $10,000 mark the first half of 2018. ADVFN CEO Clem Chambers, however, believes...

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BitMEX Co-Founder Becomes Britain’s First Bitcoin Billionaire and Youngest Self-Made Billionaire

Ben Delo, co-founder of cryptocurrency exchange BitMEX is revealed to be Britain’s first Bitcoin billionaire and youngest self-made billionaire. Launched in 2014, BitMEX is a Hong Kong-based cryptocurrency exchange valued at around $3.6 billion and handles over $2 billion...

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Is Bitcoin Creator Satoshi Nakamoto Writing a Book? The Crypto Community Doesn’t Think So

A schism appeared within the cryptocurrency community around the time a new statement and book excerpt purportedly released by Satoshi Nakamoto, the pseudonymous creator of Bitcoin. NakamotoFamilyFoundation.org, A newly-registered website launched June 26, 2018, captured the attention of both...

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