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Bitcoin’s recent price action has largely favored sellers, as the benchmark cryptocurrency is currently trading down roughly $1,000 from its weekly highs of just over $9,800. The decline from these highs came about after multiple failed attempts to break above $10,000, pointing to some underlying weakness amongst BTC buyers. This price plunge has also caused […]

A Twitter user going by “MasterChangz” made quite the scare on Twitter on May 24 when he opined that Bitcoin’s “days are numbered” due to the improvement of computational technology. In a tweet that went crypto-viral, the pseudonymous Bitcoin trader wrote that assuming a 1,000 percent improvement in computational speed every two years, there will […]

Bitamp, an easy to use client-side open-source Bitcoin wallet, has recently launched its flagship product, a wallet that can send and receive BTC from anywhere, on any device. One can log in with their seed and private key or create a new wallet by recording a 12-word seed on the Company’s website. BitAmp’s Technology Bitamp […]

For the longest time, a common narrative in the Bitcoin market has been that if the U.S. dollar rallies, the price of BTC will fall — just as the price of gold normally trends higher on a weak dollar. Though even COVID-19 and the subsequent lockdowns have ravaged the world economies, forcing the dollar dramatically […]

There are now over 40 million addresses on the Ethereum network with a non-zero balance. According to cryptocurrency analytics company Glassnode, this represents an increase of 350 percent from the number of addresses during ETH’s ATH in early 2018. Comparing the number of addresses on Bitcoin and Ethereum Ethereum has long been in Bitcoin’s shadow, […]

Bitcoin has seen heightened volatility throughout the past several hours, as it recently broke below the key support it had at $9,000 as buyers struggle to maintain the cryptocurrency’s mid-term uptrend. BTC’s decline has led investors to grow increasingly fearful as to what could come next and has created a resurgence of trading activity on […]

Bitcoin-pegged ETH tokens remain a topic of a divide in the cryptocurrency community. While such projects have attracted institutional investments and widespread adoption, some observers aren’t pleased with their overall consensus mechanism. Trust models under scrutiny Take Wrapped Bitcoin (WBTC), launched in 2018, with BitGo serving as a Proof-of-Reserve custodian for example. WBTC is an […]

It’s a step forward and a leap backward for China’s mining industry. Days after the Chinese government allowed the use of hydro-electricity for “blockchain projects” in a region known for its high concentration of Bitcoin miners, a directive passed last week mitigates any benefits of the former. No Crypto, Yes Blockchain Regulators in Sichuan have […]

In a world ravaged by the ongoing coronavirus pandemic, regulators around the are increasingly looking into cryptocurrencies and blockchain technology. Lapses in data reporting, halt of international trade, and non-verifiability of medical supplies are some factors contributing towards gravitation towards distributed networks. Increasing Importance Japanese officials are the latest to join the crypto-narrative. Senator Otokita […]

It’s been an expensive past three weeks for Bitcoin users. The average cost to send a BTC transaction, according to data from Blockchain.com, surged from approximately $0.50 at the start of the month to a high of $6.63 on May 21 — a growth of more than 1,000 percent in just weeks’ time. This means […]